Linpai Family Foundation
- Assets
- $205.9k
- Revenue
- $5.6k
- Investments
- $196.1k
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-4217155
Organization Overview
Linpai Family Foundation is located in Milpitas, CA. The organization was established in 2016. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linpai 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 12/2023, Linpai Family Foundation generated $5.6k 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 (41.7%) each year.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
EDUCATION AND SCIENTIFIC RESERACH: PROVIDE & DONATE SCHOLARSHIP FUND OR ENDOWMENT FUND FOR BETTER EDUCATION. ALSO PROVIDE VOLUNTEER RESOURCES OR DONATIONS TO PROGRAMS THAT ENHANCE EDUCATION, NUTRITION, HOUSING, PHYSICAL AND HEALTH CONDITIONS FOR THE UNDERPRIVILEGED CHILDREN IN POOR RUYRAL AREA. DONATE TO NON-PROFIT ORGANIZATIONS TO SUPPORT RESEARCH IN HEALTH, MEDICAL AND SCIENTIFIC STUDY SUCH AS AMERICAN CANCER SOCIETY.
FAITH BASED ACTIVITIES: PROVIDE VOLUNTEER RESOURCES AND DONATE MONEY TO SUPPORT ACTIVITIES FROM FAITH BASED ORGANIZATIONS SUCH AS CHURCH AND MISSIONARY ACTIVITIES. WILL ALSO VOLUNTEER AND DONATE RESOURCES TO ANY FAITH BASED SUPPORT FOR DISASTER RESPONSE AND RELIEF.
LOCAL COMMUNITY SERVICES: WILL SPONSOR AND VOLUNTEER IN LOCAL SUPPORT AND CULTURE EVENTS AS WELL AS ANY COMMUNITY BASED EDUCATION PROGRAM TO BETTER PEOPLE'S LIFE. WILL ALSO VOLUNTEER TO PARTICIPATE IN ANY COMMUNITY PROGRAMS THAT WILL HELP THE NEW IMMIGRANTS TO UNDERSTAND THE LEGAL MATTERS IN THEIR DAILY LIFE AS WELL AS ANY FINANCIAL RELATED EDUCATION IN IVESTMENT, INSURANCE, TAX AND RETIREMENT. WILL ALSO PROMOTE ENVIRONMENT AND NATURE RESOURCES PROTECTION AND PRESERVATION BY SPONSOR LOCAL RELATED ACTIVITIES SUCH AS FISH AND REARE PLANT PRESERVATIONS AND PROPAGATION CLUB.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $198 |
| Dividends & Interest | $5,385 |
| 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 | $5,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,915 |
| Total operating and administrative expenses | $1,915 |
| Contributions, gifts, grants paid | $12,315 |
| Total expenses and disbursements | $14,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,797 |
| 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 | $196,067 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $205,864 |
| 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, Linpai Family Foundation has awarded $12,315 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
U OF MD UMCPF PURPOSE: CHARITY | $1,000 |
NPF PURPOSE: CHARITY | $165 |
SALA PURPOSE: CHARITY | $150 |
CCIC PURPOSE: CHARITY | $5,000 |
ATCLOUD PURPOSE: CHARITY | $4,000 |
HMRI PURPOSE: CHARITY | $500 |