75 Foundation
- Assets
- $443.5k
- Revenue
- $45.0k
- Investments
- $57.8k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-3473986
Organization Overview
75 Foundation is located in San Jose, CA. The organization was established in 2014. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. 75 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 06/2022, 75 Foundation generated $45.0k 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 (10.3%) each year. All expenses for the organization totaled $34.6k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOLOGY KIT FOR KIDS TO LEARN BIOLOGY AND GENE EDITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jiangfeng Wu President & CEO | 12 | $0 | |
Hai Qi Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,015 |
| Net Rental Income | $12,087 |
| Net Gain on Sale of Assets | -$2,153 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $601 |
| Depreciation | $4,523 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,286 |
| Total operating and administrative expenses | $34,634 |
| Contributions, gifts, grants paid | $10 |
| Total expenses and disbursements | $34,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,126 |
| 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 | $116,423 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,122 |
| Other assets | $0 |
| Total assets | $443,473 |
| 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 | $489 |
| Total liabilities | $489 |
Grants Awarded
Over the last fiscal year, 75 Foundation has awarded $900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LELAND HIGH SCHOOL PURPOSE: TO SUPPORT THE SPEECH AND DEBATE PROGRAM BY RESEARCHING, SECURING, AND MAINTAINING EQUIPMENT AND MATERIALS NECESSARY FOR THE PROGRAM. | $800 |
KHAN ACADEMY PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $100 |
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Douglas Residents Training Facility Inc Roseburg, OR | $7,987,731 | $5,733,465 |
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