Fangcao Reading Circle
- Assets
- $29.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-4278823
Organization Overview
Fangcao Reading Circle, operating under the name Mobile Children Chinese Library, is located in Palo Alto, CA. The organization was established in 2014. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mobile Children Chinese Library 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 12/2021, Mobile Children Chinese Library generated $70.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $75.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DONATE BOOKS WITH VALUE OF $74766 TO SHOULDER ACTIONS FOR SCHOOLS IN THE REMOTE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Liao Present | 40 | $0 | |
Xunyan Yang Treasure | 2 | $0 | |
Sharlene Wang Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,751 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1 |
| Total Revenue | $70,752 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $756 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $75,522 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,157 |
| Other assets | $0 |
| Total assets | $29,157 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,157 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fangcao Reading Circle has recieved totaling $11,767.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,490 |
Yao Hsien Family Foundation Cupertino, CA PURPOSE: TO PROVIDE THE POWER OF READING TO THE CHILDREN WHO ARE LEARNING CHINESE IN THE US AND TO THE CHILDREN IN THE REMOTE RURAL AREAS OF CHINA. | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edify San Diego, CA | $6,623,463 | $8,851,742 |
Ploughshares Fund Inc San Francisco, CA | $34,653,491 | $6,615,677 |
American Himalayan Foundation San Francisco, CA | $21,794,459 | $4,216,875 |
Ramakrishna Foundation Arcadia, CA | $1,047,373 | $3,548,174 |
Wcg Cares Carlsbad, CA | $2,144,515 | $2,918,913 |
Sustainable Sciences Institute San Francisco, CA | $1,202,077 | $2,730,574 |
Sai Global Mission Santa Clara, CA | $862,055 | $2,360,918 |
Eternal Charitable Foundation Las Vegas, NV | $228,724 | $1,904,759 |
Chances For Children Scottsdale, AZ | $1,995,339 | $2,204,866 |
Mercy Beyond Borders Santa Clara, CA | $1,165,740 | $1,401,592 |
Sitare Foundation Palo Alto, CA | $29,674,432 | $2,923,884 |
David Ortiz Childrens Fund El Segundo, CA | $2,081,002 | $1,264,173 |