Innovart Foundation
- Assets
- $269.2k
- Revenue
- $7.9k
- Investments
- $251.9k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 47-1412108
Organization Overview
Innovart Foundation is located in Cupertino, CA. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovart Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH ART AND DRAMA ACTIVITIES - PURCHASED EQUIPMENT AND PROVIDED GRANTS TO LOCAL MIDDLE SCHOOL DRAMA PROGRAM; ORGANIZED LOCAL YOUTHS FOR VALENTINE CARD WRITING ACTIVITY FOR COMMUNITY SENIOR CENTER; PROVIDE WORKSHOP AND TRAINING TO LOCAL HIGH SCHOOL STUDENTS FOR MOSAIC ARTWORKS FOR SCHOOL AND COMMUNITY SENIOR CENTER
YOUTH MENTORING ACTIVITIES - PROVIDE GRANTS TO LOCAL NPO OFFERS MENTORING PROGRAMS; PROVIDE SERVICE AWARD GRANTS TO LOCAL HIGH SCHOOL FOR OUTSTANDING COMMUNITY SERVICES; ORGANIZED AND TRAINED HIGH SCHOOL STUDENTS FOR 8 FUND- RAISING FRUIT SALES EVENTS.
UNDERSERVED CHILDREN SUPPORT ACTIVITIES - PROVIDED GRANTS TO LOCAL LITERACY PROGRAM AND NON-PROFIT ORGANIZATIONS SERVE AND INSPIRE CHILDREN WITH FINANCIAL HARDSHIP AND DISADVANTAGE.
YOUTH COMMUNITY SERVICE ACTIVITIES - HELD A YOUTH TEAM BUILDING WORKSHOP AND SPONSORED LOCAL SCHOOL STUDENTS IN OFFERING COMMUNITY SERVICE ACTIVITIES OF LOCAL SENIOR CENTER CRAFT CLASS AND VALENTINE CARD WRITING ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggir Tsai President | 0.25 | $0 | |
Jenny Wang Secretary | 0.25 | $0 | |
Carol Zhang Cfo/treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1 |
| Interest on Savings | $603 |
| Dividends & Interest | $4,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,805 |
| Capital Gain Net Income | $2,805 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $413 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,915 |
| Total operating and administrative expenses | $12,145 |
| Contributions, gifts, grants paid | $3,996 |
| Total expenses and disbursements | $16,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,759 |
| Savings and temporary cash investments | $15,562 |
| 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 | $251,865 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $269,186 |
| 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, Innovart Foundation has awarded $3,996 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Saratoga, CA PURPOSE: CHARITY | $1,500 |
MILLER MIDDLE SCHOOL DRAMA PROGRAM PURPOSE: CHARITY | $1,213 |
SARATOGA HIGH SCHOOL PRESIDENTIAL VOLUNTEER SERVICE AWARD PURPOSE: CHARITY | $800 |
CP MENTORING FOR TEENS PROGRAM PURPOSE: CHARITY | $378 |
Campbell, CA PURPOSE: CHARITY | $75 |
Milpitas, CA PURPOSE: CHARITY | $30 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Innovart Foundation has recieved totaling $29.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conservation Corps Of Long Beach Long Beach, CA | $9,166,980 | $11,871,279 |
We Hope East Palo Alto, CA | $4,717,112 | $7,572,079 |
San Francisco City Impact San Francisco, CA | $1,094,213 | $7,113,381 |
Fresh Lifelines For Youth Inc Milpitas, CA | $7,609,651 | $8,984,163 |
East Bay Asian Youth Center Oakland, CA | $1,698,812 | $7,118,392 |
Access Youth Academy San Diego, CA | $4,330,454 | $1,221,754 |
The Painted Turtle Santa Monica, CA | $41,527,735 | $8,643,050 |
Paradise Oaks Youth Services Citrus Heights, CA | $3,816,959 | $7,297,497 |
Youth Leadership Institute San Francisco, CA | $3,931,170 | $6,133,227 |
Reading And Beyond Fresno, CA | $7,228,751 | $5,413,699 |
King Philanthropies Inc Menlo Park, CA | $120,079,985 | $59,553,256 |
Future Leaders Of America Oxnard, CA | $2,173,035 | $2,809,963 |