Milkcare Foundation
- Assets
- $36.3k
- Revenue
- $92.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Clara, CA
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 77-0561742
Organization Overview
Milkcare Foundation is located in Santa Clara, CA. The organization was established in 2001. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milkcare 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 12/2023, Milkcare Foundation generated $92.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $133.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milkcare Foundation has awarded 38 individual grants totaling $543,323. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
10/16/2023 DISTRIBUTED 300 CARE PACKGAGES TO POOR FAMILIES AND GOODIES AT CHUA TINH HOA, NHON KHANH, AN NHON DISTRICT, BINH DINH PROVINCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hoang Nguyen President | 10 | $0 | |
Christina Ngo Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $92,118 |
| Interest on Savings | $79 |
| 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 | $41 |
| Total Revenue | $92,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $30 |
| Taxes | $51 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,116 |
| Total operating and administrative expenses | $9,723 |
| Contributions, gifts, grants paid | $123,896 |
| Total expenses and disbursements | $133,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,337 |
| 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 | $36,337 |
| 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, Milkcare Foundation has awarded $123,896 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL OF LOVE KIM SON BUDDHIST TEM PURPOSE: SOYMILK FOR THE KIDS, SCHOLARSHIP FOR STUDENTS, AND AIDS (RICE AND CLOTHES FOR THE POOR) | $119,096 |
ONE MYANMAR COMMUNITY PURPOSE: CLOTHES, RICE AND SOYMILK FOR THE KIDS | $4,800 |