Bill H Jia Hope Foundation
- Assets
- $3.2m
- Revenue
- $140.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 03/2016
- Data as of
- 08/2023
- EIN
- 47-2079727
Organization Overview
Bill H Jia Hope Foundation is located in Los Altos, CA. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bill H Jia Hope 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 08/2023, Bill H Jia Hope Foundation generated $140.4k 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 (13.0%) each year. All expenses for the organization totaled $86.4k during the year ending 08/2023. 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
DESCRIPTION OF THE BOOTCAMP EVENT:THE BOOTCAMP EVENT ACCEPTED THE APPLICATIONS FROM A NUMBER OF TECHNICAL WORKERS FROM DEVELOPING COUNTRIES AND THEN SELECTED 20 TO 30 MEMBERS TO COME TO SILICON VALLEY. THEN THE BOOTCAMP ORGANIZED AROUND 8 TO 10 WORKSHOPS AND INVITED THE SENIOR ENGINEERS AND LEADERS FROM THE MAJOR COMPANIES IN SILICON TO GIVE TALKS/CONFERENCES TO THESE WORKERS FROM DEVELOPING COUNTIES. WE ALSO GAVE THE TECHNICAL BOOKS TO THE WORKERS TO LET THEM SELF-LEARNING THE HIGH TECH MATERIALS. THE BOOTCAMP ENCOURAGED THESE WORKERS TO GIVE LESSONS TO MORE STUDENTS AFTER THEY HAVE GONE BACK TO THEIR HOMETOWNS.
SCHOOL ACTIVITIES SUPPORT BILL H JIA HOPE FOUNDATION WORKED WITH BPESF (THE BULLIS-PURISSIMA ELEMENTARY SCHOOL FOUNDATION) TO SUPPORT VARIOUS SCHOOL ACTIVITIES FOR THE SCHOOL YEAR OF 2022-2023. WE ORGANIZED THE WALKATHON, DIVERSITY CELEBRATION, SCHOOL RECEPTION AND SOCIALS, AND MANY OTHER EVENTS.
YOUNG KIDS TENNIS CLINIC AND TOURNAMENTIN ORDER TO PROMOTE KIDS TO PLAY TENNIS AND SPEND MORE TIME OUTDOOR INSTEAD OF PLAYING VIDEO GAMES INDOOR, IN SEPT 2023, BILL H JIA HOPE FOUNDATION ORGANIZED AND SPONSORED AN EVENT TO INVITE RELATIVELY LOW-INCOME FAMILY KIDS TO JOIN TENNIS CLINIC WITH COACHING SERVICES AND LET THEM PLAY MATCHES VIA TOURNAMENT TO IMPROVE THE SPORTSMANSHIP.
2023 - API HI-TECH LEADERSHIP FORUM AND CONFERENCEON AUG 2023, BILL H JIA HOPE FOUNDATION ORGANIZED AND SPONSORED AN API HI-TECH LEADERSHIP FORUM AND CONFERENCE TO INVITE 100 GUESTS/SPEAKERS TO DISCUSS HOW HI-TECH WILL CHANGE PEOPLE' LIFE AND HOW TO FOCUS ON SAFETY AND PRIVACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hongzhong Jia CEO | 2 | $0 | |
Wei Chen Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,850 |
| Capital Gain Net Income | $16,850 |
| Net ST Capital Gain | $16,848 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,753 |
| Depreciation | $204 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79,684 |
| Total operating and administrative expenses | $86,449 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $86,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3 |
| 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 | $2,914,470 |
| Net Land, buildings, and equipment | $103 |
| Other assets | $1,133 |
| Total assets | $3,175,057 |
| 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 |