Floreana Foundation
- Assets
- $843.6k
- Revenue
- $18.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 09/2014
- Data as of
- 10/2023
- EIN
- 46-4277670
Organization Overview
Floreana Foundation is located in Cupertino, 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. Floreana 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 10/2023, Floreana Foundation generated $18.9k 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 (37.1%) each year. All expenses for the organization totaled $45.4k during the year ending 10/2023. 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
FLOREANA FOUNDATION2023 YOUTH STEM PROGRAMIFLY AERO DYNAMIC EDUCATION PROGRAMIFLY YOUTH STEM PROGRAMTHE PROGRAM IS TO INTRODUCE BASIC AERO DYNAMIC CONCEPTS TO YOUTHS BY LEARNING FUNDAMENTAL THEORIES, DOING EXPERIMENTS AND EXPERIENCING THE WIND TUNNEL IN PERSON. DATE: 8/2/2023 WEDNESDAY TIME: 12:00PM WHERE: IFLY INDOOR SKYDIVING, 31310 ALVARADO-NILES RD, UNION CITY, CA 94587 PEOPLES: 20 YOUTHS TOTAL
HOBBY ROCKET BUILD AND LAUNCHHOBBY BUILD AND LAUNCH YOUTH STEM PROGRAMTHE PROGRAM IS DESIGNED TO TEACH YOUTHS ABOUT THE BASIC ROCKET SCIENCE AND CONCEPTS BYBUILDING A HOBBY ROCKET AND LAUNCHING IT IN THE FIELD.THE WHOLE PROGRAM WAS HELD IN TWO SEPARATED WEEKENDS.ROCKET BUILDING DAY DATE: 6/17/2023 SATURDAY 10AM - 12PMWHERE: MAKER NEXUS, 1330 ORLEANS DR, SUNNYVALE, CA 94089ROCKET LAUNCHING DAY DATE: 6/24/2023 SATURDAY, 9:00AM - 2:00PM (EARLIER, BETTER)WHERE: BRIGANTINO PARK, 2100 SAN JUAN HOLLISTER RD, HOLLISTER, CA 95023A ROCKET IS PROVIDED FOR EACH YOUTH PARTICIPANT. THE ROCKET BUILDING DAY WAS HELD AT AN INDOOR CONFERENCE ROOM KINDLY PROVIDED BY A MAKER SPACE MAKER NEXUS, A NON-PROFIT ORGANIZATION LOCATED IN SUNNYVALE.ROCKET KITS WERE PURCHASED FROM A ROCKET HOBBY STORE, ROCKET SUPPLIES.THE ROCKET LAUNCHING SITE IS MANAGED BY A NON-PROFIT ORGANIZA<ON LUNAR, LIVERMORE UNIT OF THE NATIONAL ASSOCIATON ROCKETRY. TOTAL ABOUT 40 YOUTHS JOINED THE PROGRAM.
20221210 TRASH TO TREASURE - PRESENTED BY YVONNE TANGINSTRUCTOR YVONNE THE OWNER OF YTCRAFT.COMPANY.SITE PRESENTED HOW SHE TURNS THE BOXES TO DIFFERENT ARTWORK.AROUND 20 PEOPLE FROM THE LOCAL COMMUNITY ATTENDED THE EVENTS, ALSO PARTICIPATED THE HANDS-ON WORKSHOP MAKING THE HOLIDAY ORNAMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pailing Ho CEO | 6 | $0 | |
Chiaching Chang Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $590 |
| Interest on Savings | $31 |
| Dividends & Interest | $0 |
| Net Rental Income | -$3,147 |
| 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 | $18,940 |
| 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 | $29,347 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,198 |
| Total operating and administrative expenses | $45,367 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $45,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,719 |
| Savings and temporary cash investments | $6,150 |
| 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 | $299,125 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $485,597 |
| Other assets | $0 |
| Total assets | $843,591 |
| Accounts payable and accrued expenses | $5,200 |
| 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 | $5,200 |
Grants Awarded
Over the last fiscal year, Floreana Foundation has awarded $5,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SILICON VALLEY MONTEREY BAY PURPOSE: CHARITY | $200 |
HOCHI INSTITUTE PURPOSE: CHARITY | $4,800 |