King Forest Foundation
- Assets
- $4.4m
- Revenue
- $255.3k
- Investments
- $4.4m
- Employees
- 0
- Location
- Santa Clara, CA
- Founding
- 03/2013
- Data as of
- 04/2024
- EIN
- 45-5345935
Organization Overview
King Forest Foundation is located in Santa Clara, CA. The organization was established in 2013. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Forest 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 04/2024, King Forest Foundation generated $255.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $24.0k during the year ending 04/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. CO-HOSTED KUNGFU AND CHINESE CULTURE SUMMER CAMPS WITH TIANTIANCHINESE SCHOOL.CO-ORGANIZED THE CAMPS WITH HIRING INSTRUCTORS ANDPREPARING CAMP CONTENT AND FOCUS.COORDINATED CAMP SCHEDULE, COMMUNICATION,FLYERS.PURCHASED AND MANAGED THE SUPPLIES AND SNACKS FOR THE CAMPS.2. CO-HOSTED FOUNDATION WITH FCSN (FRIENDS OF CHILDREN WITH SPECIAL NEEDS)BASED ON TRAINING CLASSES FOR PARENTS ON IMPROVING YOUNG SPECIAL NEEDS CHILDREN'S LIFE, COMMUNICATION AND SOCIAL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dongyan Wang CEO | 15 | $0 | |
Bo Lin CFO | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $923 |
| Interest on Savings | $0 |
| Dividends & Interest | $128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $254,215 |
| Capital Gain Net Income | $254,215 |
| Net ST Capital Gain | $1,206 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $255,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $33 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,944 |
| Total operating and administrative expenses | $19,977 |
| Contributions, gifts, grants paid | $4,040 |
| Total expenses and disbursements | $24,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $4,437,679 |
| 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 | $53,558 |
| Total liabilities | $53,558 |
Grants Awarded
Over the last fiscal year, King Forest Foundation has awarded $122,339 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: CHARITBLE CONTRIBUTION | $2,850 |
STANFORD UNIVERSITY PURPOSE: CHARITBLE CONTRIBUTION | $119,489 |