Jiang Family Foundation
- Assets
- $102.1k
- Revenue
- $1.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 10/2015
- Data as of
- 11/2023
- EIN
- 47-2569178
Organization Overview
Jiang Family Foundation is located in Palo Alto, CA. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Jiang 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, Jiang Family Foundation generated $1.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $13.1k during the year ending 11/2023. While expenses have increased by 13.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023 WAS A GOOD YEAR FOR THE JIANG FAMILY FOUNDATION. WE HAVE BEEN WORKING CLOSELY WITH THE LOCAL RED APPLE LEARNING CENTER AFTER SCHOOL DURING THE PAST FEW YEARS,VOLUNTEERING TO HELP THEM TO DESIGN COURSES, AND PROVIDE SAFER TRANSPORTATION FOR KIDS GOING FROM THEIR ELEMENTARY SCHOOLS TO THE AFTER SCHOOL SITE.
IN 2021 WE STARTED A NEW PROJECT AT DURHAM ACADEMY (DA), WHICH IS A TOP K-12 SCHOOL IN NORTH CAROLINA. WE ARE REALLY EXCITED TO BE ABLE TO COLLABORATE WITH DURHAM ACADEMY MIDDLE SCHOOL FACULTIES TO ADVANCE THEIR SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH (STEAM) EDUCATION PROGRAMS. WE SPONSORED UNIQUE AFTER SCHOOL CLASSES TO PROVIDE ALL 5TH TO 8TH GRADE STUDENTS TO BETTER UNDERSTAND ROBOTICS AND COMPUTERS.DANIEL PERSONALLY TAUGHT ALONGSIDE DA FACULTIES EVERY WEEK DURING THE SPRING AND FALL SEMESTER IN 2023, WHICH GREATLY ENHANCED THE QUALITY OF THE CLASSES BECAUSE OF DANIEL'S LONG PROFESSIONAL EXPERIENCE IN THE HIGH TECH INDUSTRY. IN ADDITION THROUGH THE DIRECT INTERACTIONS WITH DA STUDENTS, DANIEL LEARNED FIRST HAND WHAT PROGRAMS AND COURSES THEY NEED SO OUR FOUNDATION CAN WORK WITH THE LOCAL SCHOOLS WE SPONSOR TO BETTER DESIGN THEIR PROGRAMS.
IN SUMMARY, 2023 WAS A BIG YEAR FOR THE JIANG FAMILY FOUNDATION. WE HAVE BEEN WORKING HARD SINCE THE ESTABLISHMENT OF THE FOUNDATION IN 2015 TO LEARN HOW TO WORK WITH LOCAL SCHOOLS, TO IMPROVE THEIR EXISTING STEAM PROGRAMS AND TO SPONSOR NEW PROGRAMS. MORE AND MORE WE PERSONALLY PARTICIPATED IN THE TEACHING OF THE PROGRAMS,WHICH WAS TREMENDOUSLY REWARDING TO US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiaohu Jiang CEO | 6 | $0 | |
Xiaowei Yang Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$5,423 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $4,369 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,671 |
| Total operating and administrative expenses | $13,098 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $13,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,370 |
| Savings and temporary cash investments | $0 |
| 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 | $92,701 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $102,072 |
| 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, Jiang Family Foundation has awarded $5,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRIANGLE UNITED PURPOSE: CHARITABLE DONATION | $1,000 |
THE REDAPPLE LEARNING CAMPUS PURPOSE: CHARITABLE DONATION | $4,000 |