Zl Global Foundation
- Assets
- $249.6k
- Revenue
- $7.9k
- Investments
- $178.4k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 03/2013
- Data as of
- 11/2023
- EIN
- 45-4037529
Organization Overview
Zl Global Foundation is located in Saratoga, CA. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Zl Global 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 11/2023, Zl Global Foundation generated $7.9k 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 (28.7%) each year. All expenses for the organization totaled $4.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE STILL EVALUATING WHAT ACTIVE OPERATIONS WE MAY INITIATE OR RESUME ADAPTING TO THE COVID-19 SITUATION AND INTERNATIONAL ENVIRONMENT CHANGES. NO ACTUAL PROJECTS CARRIED OUT DURING THE FILING TAX YEAR, HOWEVER, WE ARE NARROWING DOWN ON THINGS WE MAY CONSIDER IN THE NEAR FUTURE, IN LINE WITH THE FOUNDATION'S MISSION STATEMENT:- SELECTIVELY SPONSOR SOME PUBLIC WELLBEING PROFESSIONALS, SUCH AS EDUCATIONAL TEACHERS, HEALTHCARE OR HEALTH MAINTENANCE PROFESSIONALS, ETC. THE SELECTION SCENARIO WILL BE NEED-BASED WITH PRIORITY ON HIGH PUBLIC VALUE AND LOW PERSONAL INCOME AT THE SAME TIME.- SPONSOR OR ORGANIZE SOME SOCIAL ACTIVITIES FOR THE LOCAL COMMUNITY, WITH FOCUS ON PUBLIC HEALTH AND EDUCATION. SUCH AS CASUAL SPORTS ETC.- REACH OUT TO LESS DEVELOPED AREAS AND LOW INCOME POPULATIONS, PROVIDE TRAINING OF IT AND OTHER JOB SKILLS, OR SOME FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rong Zeng CEO | 10 | $0 | |
Jing Li CFO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54 |
| Dividends & Interest | $5,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,691 |
| Capital Gain Net Income | $2,691 |
| Net ST Capital Gain | $1,979 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,782 |
| Total operating and administrative expenses | $4,253 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,177 |
| Savings and temporary cash investments | $28,749 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,250 |
| Total assets | $249,555 |
| 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 | $0 |
| Total liabilities | $0 |