Fongsong Life Foundation
- Assets
- $4.0m
- Revenue
- $4.2m
- Investments
- $3.5m
- Employees
- 0
- Location
- Woodside, CA
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 81-4632887
Organization Overview
Fongsong Life Foundation is located in Woodside, CA. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fongsong Life 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, Fongsong Life Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $73.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fongsong Life Foundation has awarded 40 individual grants totaling $339,201. 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
SUPPORT THE PEACH FOUNDATION. THE FOUNDATION PROVIDES OPPORTUNITIES FOR CHILDREN FROM THE POOR PARTS OF CHINA AND SOUTHEAST ASIA WITH AN OPPORTUNITY TO COMPLETE A COLLEGE EDUCATION , AND TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND TO RAISE THE EDUCATIONAL STANDARD OF THE REGIONS WHERE THE CHILDREN LIVE.
SUPPORT SHIN SHIN EDUCATIONAL FOUNDATION. THE FOUNDATION IS TO PROVIDE RESOURCES, LONG TERM CARE, LOVE AND SERVICES TO CONSTRUCT OR RENOVATE ELEMENTARY SCHOOLS IN THE REMOTE,RURAL AND DESPONDENT REGIONS OF CHINA. DURING THE YEARS, SHIN SHIN HAS PARTNERED WITH NORTHEAST NORMAL UNIVERSITY, OVERSEAS CHINESE AFFAIRS OFFICE OF JIANGXI PROVINCE, & YICHUN CITY BOARD OF EDUCATION, TO ESTABLISH A NATIONAL TRAINNING PROJECT FOR RURAL SCHOOLS AND HOLD A RURAL PRIMARY SCHOOL PRINCIPALS SEMINAR. WE PARTNER WITH SHIN SHIN EDUCATION FOUNDATION FOR THIS PROGRAM.
SUPPORT UNIVERSITY OF WISCONSIN FOUNDATION. THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE UNIVERSITY. IT HELPS TO SUPPORT CAMPUS PRIORITIES,INCLUDING SCHOLARSHIPS, BUILDING PROJECTS, RESEARCH EFFORTS, AND INITIATIVES OF SPECIFIC SCHOOLS, COLLEGES, PROGRAMS. THE FOUNDATION IS THE UNIVERSITY'S DEVELOPMENT AND FINANCIAL PARTNER. IT WORKS WITH THE CAMPUS TO UNDERSTAND THE UNIVERSITY PRIORITIES, ENCOURAGE GIFTS TO FUND THOSE PRIORITIES AND HELP DONORS TO FIND THE RIGHT FIT FOR THEIR PHILANTHROPY.
SUPPORT CIVIC LEADERSHIP ACADEMY AND MORE OTHER CHARITY ORGANIZATION. CIVIC LEADERSHIP ACADEMY WILL GIVE GRANTS TO AAPI NON-PROFIT ORGANIZATIONS TO SUPPORT THEIR CIVIC ENGAGEMENT PROJECTS. THE ORGANIZATION WILL ALSO PROVIDE CIVIC LEADERSHIP TRANING PROGRAMS TO AAPI COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
I-Fong Lin President & CEO | 15 | $0 | |
Yvonne Lin Secretary | 15 | $0 | |
Flossie Lin CFO | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,501,918 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,559,471 |
| Capital Gain Net Income | $2,559,471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,221 |
| Other Income | $120,945 |
| Total Revenue | $4,183,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,792 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95 |
| Total operating and administrative expenses | $5,487 |
| Contributions, gifts, grants paid | $67,600 |
| Total expenses and disbursements | $73,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,712 |
| 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 | $2,469,342 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $394,998 |
| Total assets | $4,032,088 |
| Accounts payable and accrued expenses | $5,550 |
| 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 | $5,550 |
Grants Awarded
Over the last fiscal year, Fongsong Life Foundation has awarded $67,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SOAR FOUNDATION PURPOSE: EDUCATION CHARITY | $14,400 |
WWII PACIFIC WAR MEMORIAL HALL PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
PEACH FOUNDATION PURPOSE: CHARITY CONTRIBUTION | $16,500 |
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
BRIDGE ROAD INTERNATIONAL FOUNDATIO PURPOSE: CHARITABLE CONTRIBUTION | $2,250 |
CIVIC LEADERSHIP ACADEMY PURPOSE: CHARITABLE CONTRIBUTION | $3,800 |