Wize Foundation
- Assets
- $3.2m
- Revenue
- $595.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-1944676
Organization Overview
Wize Foundation is located in Saratoga, CA. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wize 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 12/2023, Wize Foundation generated $595.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $114.3k during the year ending 12/2023. While expenses have increased by 21.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
WEEKLY TEACHING AT OUR CENTERADVANCED TEACHING HELPS BUDDHIST MEDITATION PRACTITIONERS TO DO ADVANCED PRACTICE TO REDUCE AND ERADICATE SUFFERINGS. 4-5 CLASSES PER WEEK.
RESIDENTIAL BUDDHIST MEDITATION WORK STUDY PROGRAM TEACHING OF THE PROGRAM: BUDDHIST MEDITATION TEACHING TO REDUCE STRESS AND SUFFERING WITHMEDITATION AND SHOWED THE PATH TO THE ULTIMATE HAPPINESS THROUGH ANCIENT MIND TRAINING -MEDITATION. MANAGEMENT THE PROGRAM: PROGRAM PROMOTION, REVIEW APPLICATIONS AND INTERVIEW APPLICANTS, RANGE FROM 4 TO 12PARTICIPANTS PROVIDE LIVING SPACES FOR THE PROGRAM PARTICIPANTS, REPAIRS OF EXISTING HOUSES AND ROAD,MAINTAIN TINY HOUSES, YURT TENTS AND RV/TRAILER/CAMPERS PROVIDE FREE FOOD FOR THE STUDENTSEXPENSE SPENT FOR THIS CHARITABLE ACTIVITY:MATERIAL EXPENSE - $20073.94REPAIR AND MAINTAINANCE - $2924.39LABOR FEE: $11600UTILITIES - $6485.71
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jie Jessica Huai CEO | 40 | $0 | |
Bryant Liu CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $210,000 |
| Interest on Savings | $7,570 |
| Dividends & Interest | $0 |
| Net Rental Income | $358,077 |
| 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 | $595,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,603 |
| Depreciation | $31,545 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,435 |
| Total operating and administrative expenses | $114,265 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $114,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,699 |
| Savings and temporary cash investments | $21,451 |
| Net Accounts receivable | $420 |
| 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 | $596,471 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,191,300 |
| Other assets | $1,156,959 |
| Total assets | $3,190,300 |
| 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 | $21,873 |
| Total liabilities | $21,873 |
Grants Awarded
Over the last fiscal year, Wize Foundation has awarded $550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INSIGHT MEDITATION CENTER OF THE MID PENINSULA PURPOSE: DONATION | $500 |
MAHABODHI SOCIETY OF USA PURPOSE: DONATION | $50 |