Wangs And Yimin Family Foundation is located in Palo Alto, CA. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Wangs And Yimin Family 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 11/2021, Wangs And Yimin Family Foundation generated $27.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $7.8k during the year ending 11/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION PROVIDED TRANSPORTATION SERVICES TO SENIORS WHO ARE OVER SEVENTY-YEAR-OLD AND UNDERPRIVILEDGED PERSON. THE SERVICE IS LIMITED TO ASSISTING THEM TO SEE DOCTORS AND PURCHASE GROCERIES. EXPENSE SPENT FOR THIS PROGRAM: - AUTO EXPENSE: $1300- UTILITIES, PHONE, INTERNET AND HOA: $1200
PARTICIPATE PIE (PARTNERS IN EDUCATION) ACTIVITIES, HELP TO RAISE DONATION FOR SCHOOL DISTRICT. WORK WITH SCHOOL AND THE COMMUNITY TO PROVIDE STUDENTS AN ENHANCED EDUCATIONAL EXPERIENCE; SUPPORT AND ENRICHMENT OPPORTUNITIES THAT HELP EVERY CHILD RECEIVE A WELL-ROUNDED, FULFILLING EDUCATION. EXPENSE SPENT FOR THIS PROGRAM: - AUTO EXPENSE: $100- UTILITIES, PHONE, INTERNET AND HOA: $150
ORGANIZED AN EVENT TO DONATE FOOD, DRINKS AND DAILY SUPPLIES TO LOW INCOME FAMILIES AND SENIORS IN PALO ALTO. EXPENSE SPENT FOR THIS PROGRAM: - MASK AND FOOD: $530- AUTO EXPENSE: $124- UTILITIES, PHONE, INTERNET AND HOA: $150
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bing Wang CEO | 2 | $0 | |
Jenny Yimin Lin CFO | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $15,000 |
Interest on Savings | $6 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $12,164 |
Capital Gain Net Income | $12,164 |
Net ST Capital Gain | $2,880 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $27,170 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $42 |
Depreciation | $1,313 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $3,968 |
Total operating and administrative expenses | $6,569 |
Contributions, gifts, grants paid | $1,200 |
Total expenses and disbursements | $7,769 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,324 |
Savings and temporary cash investments | $49,939 |
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 | $20,770 |
Other assets | $0 |
Total assets | $106,591 |
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 | $0 |
Total liabilities | $0 |
Over the last fiscal year, Wangs And Yimin Family Foundation has awarded $3,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Palo Alto, CA PURPOSE: DONATION | $1,200 |
Palo Alto, CA PURPOSE: DONATION | $1,200 |
PTA CA CON JLS MIDDLE SCHOOL PURPOSE: DONATION | $300 |
PTA CA CON JLS MIDDLE SCHOOL PURPOSE: DONATION | $300 |
Organization Name | Assets | Revenue |
---|---|---|
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |
Lone Rock Foundation Santa Cruz, CA | $94,429,828 | $8,565,645 |
Maurice And Paul Marciano Art Foundation Beverly Hills, CA | $51,457,379 | $441,554 |