Yao Family Foundation
- Assets
- $474.0k
- Revenue
- $259.9k
- Investments
- $361.8k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 82-1943983
Organization Overview
Yao Family Foundation is located in Dallas, TX. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Yao 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, Yao Family Foundation generated $259.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $212.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Yao Family Foundation has awarded 16 individual grants totaling $523,500. 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 |
|---|---|---|---|
Yao Di President | 0.5 | $0 | |
Feng Chen Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $291,350 |
| Interest on Savings | $367 |
| Dividends & Interest | $3,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34,860 |
| Capital Gain Net Income | $123,696 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $259,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,652 |
| Contributions, gifts, grants paid | $201,500 |
| Total expenses and disbursements | $212,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,064 |
| Savings and temporary cash investments | $7,213 |
| 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 | $880 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $473,997 |
| 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, Yao Family Foundation has awarded $201,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARK'S SCHOOL OF TEXAS PURPOSE: SOCIAL/COMMUNITY SERVICE FOR EDUCATION | $200,000 |
TALON CULTURE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,500 |