Fountain Of Dreams Foundation
- Assets
- $723.0k
- Revenue
- $205.0
- Investments
- $255.0k
- Employees
- 0
- Location
- Atherton, CA
- Founding
- 03/2012
- Data as of
- 10/2023
- EIN
- 45-3983687
Organization Overview
Fountain Of Dreams Foundation is located in Atherton, CA. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountain Of Dreams Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Fountain Of Dreams Foundation generated $205.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (59.5%) each year. All expenses for the organization totaled $66.0 during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (55.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danhong Chen President & CEO | 2 | $0 | |
Tony Jianyun Ye Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $205 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $66 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $66 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,141 |
| Savings and temporary cash investments | $317,883 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $255,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $723,025 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,294 |
| Total liabilities | $1,294 |
Grants Awarded
Over the last fiscal year, Fountain Of Dreams Foundation has awarded $55,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SUEY SING RGN ASSN PURPOSE: CHARITY | $500 |
US-CHINA CULTURAL EXCHANGE GROUP PURPOSE: CHARITY | $1,550 |
M-A FOUNDATION FOR FUTURE PURPOSE: CHARITY | $5,000 |
CALIFORNIA YOUTH CHINESE SYMPHONY PURPOSE: CHARITY | $800 |
SANTA CLARA UNIFIED SCHOOL PURPOSE: CHARITY | $2,350 |
PAN - PACIFIC CULTURAL ARTS FOUNDAT PURPOSE: CHARITY | $45,000 |