Green Fortune Inc
- Assets
- $910.2k
- Revenue
- $51.8k
- Investments
- $226.4k
- Employees
- 0
- Location
- Fountain Valley, CA
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 82-3794466
Organization Overview
Green Fortune Inc is located in Fountain Valley, CA. The organization was established in 2019. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Fortune Inc 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, Green Fortune Inc generated $51.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $15.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Green Fortune Inc has awarded 12 individual grants totaling $167,000. 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
DURING 2019, NO NOTABLE DIRECT CHARITABLE ACTIVITIES WERE INITIATED. HOWEVER, 100% OF DONATIONS RECEIVED WERE DONATED TO VARIOUS NONPROFIT CHRITABLE ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,309 |
| Dividends & Interest | $40,488 |
| 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 | $51,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $1,408 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $15,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,650 |
| Savings and temporary cash investments | $657,137 |
| 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 | $226,393 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $910,180 |
| 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, Green Fortune Inc has awarded $13,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FA KWANG TEMPLE PURPOSE: DONATION | $10,000 |
SHENG NING TEMPLE PURPOSE: DONATION | $3,000 |