Aeka Global Foundation
- Assets
- $203.5k
- Revenue
- $61.2k
- Investments
- $170.8k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 08/2014
- Data as of
- 11/2023
- EIN
- 46-1602644
Organization Overview
Aeka Global Foundation is located in Los Altos, CA. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aeka 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, Aeka Global Foundation generated $61.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $46.9k 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
AKEA GLOBAL FOUNDATION ORGANIZED TO BUILD A LIBRARY FOR AN ELEMENTARYSCHOOL. AKEA GLOBAL FOUNDATION RESEARCHED AND IDENTIFIED ANELEMENTARY SCHOOL DID NOT HAVE GOOD COLLECTION OF LITERATURE BOOKS.AEKA GLOBAL FOUNDATION INVESTIGATED MATERIALS SUITABLE FOR ELEMENTARYSTUDENTS AND PURCHASED FROM DIFFERENT SOURCES, THEN COORDINATED WITHTHE SCHOOL TO DONATE THE BOOKS TO THE SCHOOLS. IT IS A SUCCESSFULLYEVENT THAT WAS REPORTED BY LOCAL NEWSPAPER AND TV STATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wenlang Zhu President & CEO | 6 | $0 | |
Emily Jing CFO | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,397 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,797 |
| 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 | $61,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $89 |
| Occupancy | $32,178 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,418 |
| Total operating and administrative expenses | $44,829 |
| Contributions, gifts, grants paid | $2,050 |
| Total expenses and disbursements | $46,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,940 |
| Savings and temporary cash investments | $26,625 |
| 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 | $173 |
| Other assets | $0 |
| Total assets | $203,548 |
| 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 | $37,948 |
| Total liabilities | $37,948 |
Grants Awarded
Over the last fiscal year, Aeka Global Foundation has awarded $2,050 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ALTOS HIGH SCHOOL PURPOSE: TO PROVIDE THE BEST EDUCATIONAL EXPERIENCE POSSIBLE FOR THE STUDENTS ATTENDING LOS ALTOS HIGH SCHOOL. | $50 |
MVLA HIGH SCHOOL FOUNDATION PURPOSE: TO INVEST IN AN INNOVATIVE LEARNING ENVIRONMENT THAT PROVIDES THE OPPORTUNITY FOR ALL STUDENTS TO GROW AND THRIVE. | $2,000 |