Wei Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $211.0k
- Investments
- $16.3k
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 03/2015
- Data as of
- 10/2023
- EIN
- 47-2351518
Organization Overview
Wei Family Foundation Inc is located in Fort Myers, FL. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wei Family Foundation Inc 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 10/2023, Wei Family Foundation Inc generated $211.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $209.6k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wei Family Foundation Inc has awarded 24 individual grants totaling $139,291. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric X Wei CEO | 2 | $0 | |
Beijing Yu CFO | 2 | $0 | |
Alice Yu Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $510 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,046 |
| Capital Gain Net Income | $3,046 |
| Net ST Capital Gain | $4,682 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $211,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,040 |
| Depreciation | $19,239 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,509 |
| Printing and publications | $0 |
| Other expenses | $86,246 |
| Total operating and administrative expenses | $159,735 |
| Contributions, gifts, grants paid | $49,907 |
| Total expenses and disbursements | $209,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,482 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $197,822 |
| 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 | $845,826 |
| Other assets | $0 |
| Total assets | $1,220,477 |
| Accounts payable and accrued expenses | $173,064 |
| 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 | $173,064 |
Grants Awarded
Over the last fiscal year, Wei Family Foundation Inc has awarded $49,907 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JI'NAN SHANGHE COUNTY REHABILITATION CENTER FOR THE HANDICAPPED PURPOSE: CHARITABLE | $1,410 |
TIANFO TEMPLE PURPOSE: CHARITABLE | $43,747 |
FIRST ASSEMBLY OF GOD PURPOSE: CHARITABLE | $150 |
HEIGHTS ELEMENTARY SCHOOL PURPOSE: EDUCATIONAL | $4,600 |