Wangs And Yimin Family Foundation
- Assets
- $117.2k
- Revenue
- $7.7k
- Investments
- $55.6k
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 03/2015
- Data as of
- 11/2023
- EIN
- 46-4369804
Organization Overview
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 11/2023, Wangs And Yimin Family Foundation generated $7.7k 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 (3.7%) each year. All expenses for the organization totaled $6.4k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 years. 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
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: $1210UTILITIES, INTERNET, PHONE, HOA, $1150
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: $80UTILITIES, INTERNET, PHONE, HOA, $100
ORGANIZED AN EVENT TO DONATE FOOD, DRINKS AND DAILY SUPPLIES TO LOW INCOME FAMILIES AND SENIORS IN PALO ALTO. EXPENSE SPENT FOR THIS PROGRAM: AUTO EXPENSE: $142UTILITIES, INTERNET, PHONE, HOA, $100FOOD: $450
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bing Wang CEO | 2 | $0 | |
Jenny Yimin Lin CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $81 |
| Dividends & Interest | $640 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,028 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27 |
| Depreciation | $1,313 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,671 |
| Total operating and administrative expenses | $5,011 |
| Contributions, gifts, grants paid | $1,350 |
| Total expenses and disbursements | $6,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,374 |
| Savings and temporary cash investments | $25,146 |
| 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 | $18,144 |
| Other assets | $0 |
| Total assets | $117,243 |
| 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 |
Grants Awarded
Over the last fiscal year, Wangs And Yimin Family Foundation has awarded $1,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PALO ALTO PARTNERS IN EDUCATION PURPOSE: DONATION | $1,200 |
PTA CA CON JLS MIDDLE SCHOOL PURPOSE: DONATION | $300 |