San Jose Canaan Taiwanese Christian Foundation
- Assets
- $6.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 10/2015
- Data as of
- 05/2024
- EIN
- 47-4568833
Organization Overview
San Jose Canaan Taiwanese Christian Foundation is located in San Jose, CA. The organization was established in 2015. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Jose Canaan Taiwanese Christian 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 05/2024, San Jose Canaan Taiwanese Christian Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $135.8k during the year ending 05/2024. While expenses have increased by 11.6% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARE THE MESSAGE OF THE GOSPEL OF CHRIST THROUGH STRATEGIC, EVANGELICAL, CHRISTIAN ENDEAVORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SJCTCF CONDUCTED SENIOR CITIZENS HEAL CARE PROJECTS IN TAIWAN FOR CHIA-YI CITY PAU-KAN SOCIAL WELFARE CHARITY FOUNDATION.ASSISTED KAOHSIUNG CARIS CHRISTIAN ASSOCIATION TO WORK IN TAIWAN TO EDUCATE AND NURTURE THE YOUNGER GENERATION WITH LEADERSHIP AND CHRISTIAN VALUES; TO PROVIDE TRAINING FOR THE ELDERLY AND FOR RETARDED CHILDREN; AND TO COUNSEL NATIVE CITIZENS WITH BUSINESS SKILLS.THE FOUNDATION ALSO SUPPORTED LOGOS THEOLOGICAL SEMINARY AND TALIDA IN TAIWAN.
IN FY 2024, GRANTS WERE MADE IN US TO:1) REV DAN ZHANG NAC MINISTRY SUPPORT TO COUNTRIES LIKE KYRGYZSTAN AND FOR CHURCH ENTERPRISE IN EAST ASIAN COUNTRIES.2) MISSION STREAM TO SUPPORT HELEN AND SAM LIVINGSTON, MISSIONARIES IN TAIWAN HELPING LOCAL PEOPLE.3) RIO GRANDE BIBLE MINISTRIES TO SERVE THE HISPANIC CHURCHES THROUGH BIBLICAL HIGHER EDUCATION AND OTHER MEANS.4) NORTHWEST ASCENDING CAMPAIGN TO WORK ON CHURCH ENTERPRISE IN EAST ASIAN COUNTRIES.5) SAN JOSE CANAAN CHRISTIAN CHURCH TO SPONSOR MISSIONS TRIP TO TAIWAN.
IN JUNE 2023, CONCLUDED A SALE OF CHURCH LAND & BUILDING AT 1228 REDMOND AVE IN SAN JOSE, CA. THE PROPERTY HAD BEEN PROVIDED TO THE SAN JOSE CANAAN CHRISTIAN CHURCH FOR ITS USE SINCE RECEIVING THE PROPERTY IN 2018, WHEN IT WAS VALUED AT $4.7M. THE PROPERTY WAS SOLD TO CALVARY CHAPEL OF SAN JOSE FOR $6,000,000 FOR USE AS AN CHRISTIAN EDUCATIONAL SITE. THE SAN JOSE CANAAN CHRISTIAN CHURCH CONGREGATION WAS PROVIDED USE OF THE PROPERTY FOR OVER A YEAR FOLLOWING THE SALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tien Mo Lim President | OfficerTrustee | 3 | $0 |
Li-Hua Chang Secretary, Treasurer & CFO | OfficerTrustee | 1.5 | $0 |
Chiang Chung Hsu Director | Trustee | 1 | $0 |
Peili Wu Director | Trustee | 0.5 | $0 |
David Weng Director | Trustee | 0.5 | $0 |
Steve Boersma Director To June 2022 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,047 |
| Noncash contributions included in lines 1a–1f | $231,867 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,047 |
| Total Program Service Revenue | $0 |
| Investment income | $281,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $888,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,402,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $80,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $135,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,367,626 |
| Savings and temporary cash investments | $1,032,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,403,910 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $729,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,534,010 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,534,010 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,534,010 |
Grants Awarded
Over the last fiscal year, San Jose Canaan Taiwanese Christian Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST ASCENDING CAMPAIGN PURPOSE: PROGRAM SUPPORT | $10,000 |
SAN JOSE CANAAN CHRISTIAN CHURCH PURPOSE: PROGRAM SUPPORT | $10,000 |