Fgc Childrens Foundation
- Assets
- $1.6m
- Revenue
- $434.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 82-4032594
Organization Overview
Fgc Childrens Foundation is located in Brentwood, TN. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fgc Childrens 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 12/2022, Fgc Childrens Foundation generated $434.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $76.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chong Yu President Director | 2 | $0 | |
Ling Guan Secretary Director | 5 | $0 | |
Zhi Li Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $245,739 |
| Interest on Savings | $8 |
| Dividends & Interest | $43,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $144,665 |
| Capital Gain Net Income | $144,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $224 |
| Total Revenue | $434,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $520 |
| Total operating and administrative expenses | $7,900 |
| Contributions, gifts, grants paid | $68,421 |
| Total expenses and disbursements | $76,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,659 |
| Savings and temporary cash investments | $127,221 |
| 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 | $1,603,032 |
| Accounts payable and accrued expenses | $15 |
| Grants payable | $21,710 |
| 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 | $21,725 |
Grants Awarded
Over the last fiscal year, Fgc Childrens Foundation has awarded $68,421 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE EDUCATION FREEDOM FUND PURPOSE: GENERAL OPERATIONS | $6,500 |
AMERICAN FRIENDS OF INTERNATIONAL CHINA CONCERN PURPOSE: GENERAL OPERATION | $7,000 |
VANGUARD CHARITABLE PURPOSE: FGC CHILDREN'S FUND | $53,421 |
CHILDREN OF CHINA PEDIATRICS FOUNDATION PURPOSE: GENERAL OPERATION | $1,500 |