Wang And Pao Family Foundation
- Assets
- $431.7k
- Revenue
- $56.9k
- Investments
- $409.4k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 03/2016
- Data as of
- 10/2023
- EIN
- 81-0712440
Organization Overview
Wang And Pao Family Foundation is located in Cupertino, CA. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Wang And Pao 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 10/2023, Wang And Pao Family Foundation generated $56.9k 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 (10.7%) each year. All expenses for the organization totaled $20.9k during the year ending 10/2023. 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
THE WANG AND PAO FAMILY FOUNDATION SUPPORT THE ACTIVITY EVENTS FOR BILIGUALL CULTURE LEARNING STUDENTS. YEAR 2023 HAS GIVEN TOTAL AMOUNT OF US$1,000 SCHOLARSHIPS (CKECK#1091) TO 'WISDOM CULTURE & EDUCATION ORGANIZATION (WCEO) AND AWARD 20 OUTSTANDING YOUNG STUDENTS. WCEO'S ADDRESS IS AT 186 E GISH ROAD, SAN JOSE, CA 95112. (ATTACHED THANKS NOTES)WISDOM CULTURE & EDUCATION ORGANIZATION--TO ACTIVE SPONSOR CULTURE AND BILINGUAL STUDY FOR20 OUTSTANDING YOUNG STUDENTS AWARDS{SCHOLARSHIPS} AT 186 E GISH RD., SAN JOSE, CA 95112(SANTA CLARA COUNTY). SUPPORT BILINGUAL LEARNING STUDENTS
THE WANG AND PAO FAMILY FOUNDATION CONTINUE TO SUPPORT AND SPONSOR DURING 2023 ACADEMIC YEAR TO PARTICIPATE AND SUPPORT THE NEEDED/MOTIVATED GRADUATE STUDENTS AT DEPT OF EAST ASIAN LANGUAGES AND CULTURES, STANFORD UNIVERSITY 94305 CA. (ATTACHED THANKS NOTE)DUE TO THE COVID-19 PANDEMIC, A LOT OF COLLEGE STUDENTS CONFRONT MANY DIFFICULTIES
SUPPORT THE WANG & PAO FAMILY FOUNDATION FOR THE ACTIVITIES OF "FAMILY TREES AND HISTORICAL ROOTS STUDIES AND MATERIAL COLLECTIONS" //AMY WANG ($510/$30X17 HOURS)
PARTICIPATE AND SUPPORT THE WORTH INVESTMENTS FOR SAN FRANCISCO BAY AREA PEOPLE:WANG AND PAO FAMILY FOUNDATION CO-SPONSORED WITH $550.00 AND PARTICIPATED A SEMINAR WITH 3JM INVESTMENTS/NVWM LLC FOR "WEALTH INVESTMENTS" SEMINAR SCHEDULED ON 8-12-2023/SATURDAY, 2-4PM, AT DOUBLE TREE HILTON NEWARK/FREMONT, CA. ADDRESS:39900 BALENTINE DR. NEWARK, CA 94560 MARION (MIAOFEN) HSU //BROKER/PROPERTY MANAGERCELL: 650-387-8978 / OFFICE:702-462-58826260 S. RAINBOW BLVD, LAS VEGAS, NV 89118
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Wang CEO | 4 | $0 | |
Amy Alexander Secretary | 2 | $0 | |
Michael Wang CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,462 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,924 |
| Total operating and administrative expenses | $19,735 |
| Contributions, gifts, grants paid | $1,175 |
| Total expenses and disbursements | $20,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,296 |
| Savings and temporary cash investments | $4,931 |
| 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 | $431,650 |
| 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 | $9,222 |
| Total liabilities | $9,222 |
Grants Awarded
Over the last fiscal year, Wang And Pao Family Foundation has awarded $75 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DONATIONS | $35 |
EASTER SEALS PURPOSE: DONATIONS | $40 |