Gold House Foundation Inc is located in Covina, CA. The organization was established in 2019. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Gold House Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gold House Foundation 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 12/2021, Gold House Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 60.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 30.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE AND PROMOTE ASIAN AND ASIAN-AMERICAN INTERESTS, HERITAGE, AND CULTURE, INCLUDING ACCELERATING A POSITIVE AND HISTORICALLY ACCURATE IMAGE OF ASIANS IN CULTURE AND EMPOWERING ASIAN PERSONS IN THE CULTURAL INDUSTRIES. GOLD HOUSES PROGRAMS ARE DEDICATED TO FORGING STRONGER BONDS THAT EMPOWER ASIANS TO LEAD AUTHENTIC, SUCCESSFUL AND HELATHY LIVES, AND IN TURN ADVANCE ALL OF SOCIETY. THE PROGRAMS STRENGTHEN RELATIONSHIPS TO CODIFY THE ASIAN CULTURAL LEGACY (SALONS, GOLD RECORDS); STRENGTHEN AUTHENTIC REPRESENTATION OF ASIANS IN MEDIA (GOLDOPEN); CHAMPION SOCIETAL CONTRIBUTIONS MADE BY ASIANS TO INSPIRE AND RESHAPE PUBLIC OPINION (A100); AND ACCELERATE SUCCESS AND REPRESENTATION OF ASIAN FOUNDERS (GOLD RUSH).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALONS/EXPERIENCES: GOLD HOUSES SALONS AND OTHER EXPERIENCES ARE PROGRAMMATIC GATHERINGS OF DIVERSE THOUGHT LEADERS DESIGNED TO SOLVE KEY SOCIETAL CHALLENGES ENDEMIC TO THE ASIAN AND PACIFIC ISLANDER (API) PEOPLE. IN 2021, GOLD HOUSE HOSTED DOZENS OF EVENTS AND EXPERIENCES ENGAGING WITH THOUSANDS OF PEOPLE VIRTUALLY AND BRINGING LEADERS TOGETHER TO HELP DESIGN SOLUTIONS TO VARIOUS ISSUES RANGING FROM COVID-RELATED RELIEF TO INCREASING CIVIC ENGAGEMENT. SOLUTIONS TO THESE SOCIETAL CHALLENGES WERE FURTHER REFINED AND IMPLEMENTED BY THE GOLD HOUSE TEAM IN ORDER TO EMPOWER ALL MEMBERS OF THE API COMMUNITY.
GOLDOPEN: GOLDOPEN IS A COMMUNITY-LED MOVEMENT DEDICATED TO ENSURING THE FAIR, ACCURATE, AND INCLUSIVE REPRESENTATION OF ASIAN AND PACIFIC ISLANDER (API) PEOPLE IN MEDIA. THE GOLD HOUSE MOVEMENT HAS ENGAGED HUNDREDS OF THOUSANDS OF PEOPLE NATIONWIDE AND AMPLIFIED DOZENS OF API-LED FILMS TO CRITICAL AND BOX OFFICE SUCCESS, CREATING FAR-REACHING ECONOMIC AND SOCIAL CHANGE IN THE MAINSTREAM ACCEPTANCE AND PERCEPTIONS OF APIS. THE GOLDOPEN TEAM WORKS DIRECTLY WITH FILMMAKERS AND DISTRIBUTORS TO ADVOCATE FOR AND SUPPORT AUTHENTIC API STORYTELLING, AND MOBILIZES CULTURAL LEADERS, CORPORATIONS, AFFINITY GROUPS, AND OTHER COMMUNITY AND NONPROFIT GROUPS TO CHAMPION THE SUCCESS OF API-LED FILMS. THROUGH THIS MULTIDIMENSIONAL COLLABORATION,GOLDOPEN HAS MEANINGFULLY ADVANCED AN ACCURATE IMAGE OF APIS IN CULTURE.
A100: EACH YEAR, THE A100 CHAMPIONS THE MOST IMPACTFUL ASIANS AND PACIFIC ISLANDERS (APIS) AND THEIR SOCIETAL CONTRIBUTIONS IN ORDER TO INSPIRE FUTURE GENERATIONS AND RESHAPE PUBLIC OPINION. APIS CONTINUE TO BE VIEWED AS OTHER AND FACE RISING ATTACKS IN THE WAKE OF THE RECENT GLOBAL PANDEMIC. TO COMBAT THESE CHALLENGES AND CREATE CROSS-CULTURAL UNITY, THE A100 TEAM WORKS WITH MAINSTREAM PRESS, DOZENS OF OTHER NONPROFIT GROUPS, A TEAM OF MULTICULTURAL ICONS, AND HUNDREDS OF CULTURAL LEADERS TO SPOTLIGHT HOW APIS CONTINUE TO MAKE SIGNIFICANT CONTRIBUTIONS TO AMERICAN SOCIETY. THE A100 IS NOW THE MOST-RECOGNIZED API AWARD IN THE COUNTRY AND HAS REACHED MILLIONS WORLDWIDE.
SOCIAL IMPACT CAMPAIGNS (ALL OF US): IN ANOTHER UNPRECEDENTED DIFFICULT YEAR, GOLD HOUSE CO-LAUNCHED MULTIPLE AWARENESS, ALLYSHIP, AND FUNDRAISING EFFORTS TO COMBAT THE RISING RACISM AND ATTACKS AGAINST ASIANS AND PACIFIC ISLANDERS (APIS). WORKING DIRECTLY WITH GOFUNDME, THESE CAMPAIGNS RAISED MILLIONS TO SUPPORT VICTIMS' FAMILIES AND GRASSROOTS ORGANIZATIONS SUPPORTING THE COMMUNITY ON THE GROUND. GOLD RECORDS: GOLD RECORDS CODIFY THE ASIAN AND PACIFIC ISLANDER (API) CULTURE THROUGH PROGRAMS THAT STRENGTHEN GENERATIONAL BONDS AND ENSHRINE THE API LEGACY. IN 2021, GOLD HOUSE AMPLIFIED DOZENS OF BOOKS WRITTEN BY API AUTHORS THROUGH MEDIA OUTREACH AND EVENTS ENGAGING THOUSANDS OF PEOPLE VIRTUALLY, INCLUDING VIRTUAL KIDS STORY HOURS. GOLD RUSH: GOLD RUSH IS AN ACCELERATOR DEDICATED TO ADVANCING ASIAN AND PACIFIC ISLANDER (API) BUSINESS FOUNDERS IN ORDER TO TRANSFORM SOCIETYS INACCURATE VIEWS ABOUT THEIR COMPETENCE, INTELLIGENCE, AUTHENTICITY AND CHARISMA. GIVEN THAT ASIAN AMERICANS ARE THE LEAST LIKELY DEMOGRAPHIC TO BE PROMOTED TO MANAGEMENT, GOLD RUSH HAS PROVIDED ACCESS AND RESOURCES TO SEVERAL CLASSES AND COHORTS FOR PROMISING API FOUNDERS WITH MENTORSHIP AND ACCESS TO INDUSTRY EXPERTS AND CREATED A COMMUNITY OF MUTUAL SUPPORT FOR UNDERRPRESENTED LEADERS. THE GOLD RUSH TEAM ALSO WORKS WITH PUBLICATIONS AND OTHER CULTURAL LEADERS TO AMPLIFY THESE FOUNDERS AND THEIR BUSINESSES THROUGH MAINSTREAM PROMOTION, ACCELERATING THE REPRESENTATION OF ASIAN PEOPLE IN LEADERSHIP AND MANAGEMENT POSITIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeremy Tran Exec Dir/sec | Officer | 60 | $150,000 |
Spencer Hwa-Bing Chen President | Officer | 60 | $131,250 |
Kevin Nishimura Board Direct | Officer | 5 | $0 |
Ben Chu Treasurer | Officer | 5 | $0 |
Prabal Gurung Board Direct | Trustee | 5 | $0 |
Daniel Dae Kim Board Direct | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,494,897 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,494,897 |
Total Program Service Revenue | $1,017,587 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,517,704 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $281,250 |
Compensation of current officers, directors, key employees. | $102,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $173,343 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,701 |
Payroll taxes | $34,948 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,225 |
Fees for services: Accounting | $7,718 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $65,311 |
Advertising and promotion | $72,665 |
Office expenses | $4,849 |
Information technology | $17,682 |
Royalties | $0 |
Occupancy | $0 |
Travel | $27,118 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,834 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,936 |
Insurance | $11,626 |
All other expenses | $11,713 |
Total functional expenses | $1,240,730 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,777,371 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $45,000 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $16,658 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,839,029 |
Accounts payable and accrued expenses | $66,791 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $66,791 |
Net assets without donor restrictions | $1,760,263 |
Net assets with donor restrictions | $11,975 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,839,029 |
Over the last fiscal year, we have identified 7 grants that Gold House Foundation Inc has recieved totaling $370,745.
Awarding Organization | Amount |
---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $57,340 |
Nae Il Foundation Ltd PURPOSE: TO RAISE AWARENESS OF THE FILM MINARI | | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $43,258 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $25,147 |
Cfda Foundation Inc New York, NY PURPOSE: DONATION | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
United Cerebral Palsy Of Southern Arizona Inc Tucson, AZ | $12,231,296 | $20,624,462 |
California Communications Access Foundation Oakland, CA | $50,718,300 | $18,764,665 |
Trybe Inc Oakland, CA | $6,930,985 | $20,805,295 |
Abilityfirst Pasadena, CA | $111,544,893 | $16,944,443 |
Advocates For Life Skills And Opportunity Inc Portland, OR | $15,204,732 | $15,008,329 |
Acociacion Nacional Pro Personas Mayores Pasadena, CA | $7,509,911 | $13,337,051 |
Challenged Athletes Inc San Diego, CA | $27,108,988 | $15,136,536 |
Starlight Childrens Foundation Culver City, CA | $15,437,142 | $12,239,496 |
Shelter Box Usa Santa Barbara, CA | $5,432,596 | $10,986,340 |
Futures Explored Inc Concord, CA | $3,603,169 | $10,023,046 |
Ron Wilson Center For Effective Living Inc Monmouth, OR | $5,679,994 | $8,244,116 |
Umpqua Homes Inc Roseburg, OR | $6,544,752 | $7,656,264 |