Paramitas Foundation
- Assets
- $25.5m
- Revenue
- -$36.0k
- Investments
- $24.8m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 77-0295773
Organization Overview
Paramitas Foundation is located in Saratoga, CA. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Paramitas Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Paramitas Foundation has awarded 145 individual grants totaling $14,801,280. 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 |
|---|---|---|---|
Winston Chen Chairman | 15 | $0 | |
Alex Chen Secretary | 3 | $0 | |
Phyllis Huang CFO | 10 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $868,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$904,813 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$35,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $36,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,572 |
| Total operating and administrative expenses | $170,553 |
| Contributions, gifts, grants paid | $1,906,750 |
| Total expenses and disbursements | $2,077,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,304 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,546,667 |
| 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 | $84 |
| Total liabilities | $84 |
Grants Awarded
Over the last fiscal year, Paramitas Foundation has awarded $1,906,750 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FORMOSAN ASSOCIATION FOR PUBLIC AFF PURPOSE: TO SUPPORT ACTIVITIES TO PROMOTE AWARENESS, PEACE AND RIGHTS OF TAIWANESS COMMUNITIES | $1,500 |
BUDDHIST SOCIETY OF AMERICA PURPOSE: CONTRIBUTE AND SUPPORT RELIGIOUS ACTIVITIES | $1,000 |
COLUMBIA UNIVERSITY PURPOSE: CONTRIBUTE AND PROMOTE HIGHER EDUCATION | $150,000 |
GLOBAL PARTNERSHIP PURPOSE: TO PROMOTE COMMUNITY SERVICE | $8,000 |
HARVARD UNIVERSITY PURPOSE: CONTRIBUTE AND PROMOTE EDUCATION | $250 |
LAKESIDE SCHOOL PURPOSE: FUNDING FOR PROMOTE HIGH SCHOOL EDUCATION | $10,000 |