Lin Continental Foundation
- Assets
- $1.4m
- Revenue
- $425.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 07/2015
- Data as of
- 01/2023
- EIN
- 47-3298129
Organization Overview
Lin Continental Foundation is located in Saratoga, CA. The organization was established in 2015. 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. Lin Continental 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING YOGA AND AEROBICS EXERCISE CLASSES TO PROMOTE HEALTH IMPROVEMENT. CLASSES TAKE PLACE WEEKLY, EXCEPT FOR HOLIDAYS AND VACATIONS. WE CONDUCT OUR OWN CLASSES TO SERVICE CANCER PATIENTS AND ANYONE ELSE WHO IS INTERESTED. EACH CLASS IS ABOUT ONE HOUR LONG.
PROVIDING PERSONAL MENTORSHIP SESSIONS, EITHER WITH OTHER ASSOCIATIONS OR INDEPENDENTLY, TO ASPIRING ENTREPRENEURS AND YOUNG PROFESSIONALS. TYPES OF COUNSEL INCLUDE HELPING PROFESSIONALS DISCOVER THEIR STRENGTHS, GUIDING INDIVIDUALS CONTEMPLATING A CAREER CHANGE, AND CONSULTING ENTREPRENEURS ON BUSINESS ORGANIZATION STRATEGY.
PROVIDING LECTURES AND PANEL DISCUSSION EVENTS TO STUDENTS AND YOUNG PROFESSIONALS INTERESTED IN ENTREPRENEURSHIP. WE OFTEN INVITE SUCCESSFUL ENTREPRENEURS TO SHARE THEIR STORIES. WE TYPICALLY PROVIDE BETWEEN FOUR TO EIGHT CLASSES PER YEAR IN ASIA AND CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lin CFO | 2 | $0 | |
Fu-Yuan Lin CEO | 4 | $0 | |
Christopher W Lin Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $425,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $425,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $240,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160,942 |
| Total operating and administrative expenses | $411,523 |
| Contributions, gifts, grants paid | $425,000 |
| Total expenses and disbursements | $836,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,482 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,385,019 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,387,501 |
| Accounts payable and accrued expenses | $1,269 |
| 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 | $250,688 |
| Total liabilities | $251,957 |
Grants Awarded
Over the last fiscal year, Lin Continental Foundation has awarded $7,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HOPE CHINESE CARE FOUNDATION PURPOSE: DONATION | $2,000 |
TAIWANESE AMERICAN FEDERATION OF NORTHERN CALIFORNIA PURPOSE: DONATION | $500 |
YMCA PURPOSE: DONATION | $300 |
SF TAIPEI SISTER CITY COMMITTEE PURPOSE: DONATION | $2,250 |
GLOBAL HEALTH RESEARCH FOUNDATION PURPOSE: DONATION | $2,000 |
PANCREATIC CANCER ACTION NETWORK PURPOSE: DONATION | $200 |