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 12/2022, Gold House Foundation Inc employed 12 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 12/2022, Gold House Foundation Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.4% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 54.9% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GOLD HOUSE IS THE LEADING CULTURAL ECOSYSTEM THAT UNITES, INVESTS IN, AND CHAMPIONS ASIAN AND PACIFIC ISLANDER CREATIVE ARTISTS, ENTREPRENEURS, AND COMMUNITIES TO POWER TOMORROW FOR ALL. WE CULTIVATE AND PROMOTE ASIAN PACIFIC INTERESTS, HERITAGE, AND CULTURE BY POWERING ASIAN PACIFIC: STORIES TO ACCELERATE AUTHENTIC AND AFFIRMING REPRESENTATION IN MEDIA; ENTREPRENEURS TO EMPOWER ECONOMIC SUCCESS AND BREAK GLASS CEILINGS; RECOGNITION TO INSPIRE AND RESHAPE PUBLIC OPINION; AND UNITY TO STRENGTHEN COMMUNITY AND CULTURAL LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE SEVERAL PROGRAMS ONLINE AND IN LOS ANGELES, NEW YORK CITY, AND SAN FRANCISO. BELOW ARE DESCRIPTIONS OF OUR PROGRAMS AND OPERATIONS. A100 & GOLD GALA - TO RESHAPE PUBLIC PERCEPTION AND ACCELERATE NARRATIVE CHANGE, EACH YEAR THE A100 RECOGNIZES THE GREATEST SOCIETAL CONTRIBUTIONS MADE BY ASIANS AND PACIFIC ISLANDERS THROUGH MAINSTREAM PRESS AND MEDIA. THE NOMINATION AND SELECTION PROCESS ENGAGES THE GENERAL PUBLIC, DOZENS OF ASIAN PACIFIC AMERICAN-SERVING NONPROFITS, AND DOZENS OF ICONIC DIVERSE LEADERS AND ALLIES. IN CELEBRATION OF ASIAN PACIFIC AMERICAN HERITAGE MONTH, GOLD HOUSE CONVENES THE A100 HONOREES AND HUNDREDS OF OTHER ASIAN PACIFIC LEADERS AT AN ANNUAL GALA EACH MAY IN LOS ANGELES - THE GOLD GALA - WHICH GENERATES UNMATCHED MAINSTREAM MEDIA RECOGNIZING THE ASIAN PACIFIC COMMUNITY'S CULTURE, HERITAGE, AND IMPACT ON SOCIETY. GOLD HOUSE FUTURES - TO INVEST IN AND PROPEL THE SUCCESS OF THE ASIAN PACIFIC COMMUNITY, GOLD HOUSE FUTURES HOSTS A SUITE OF PRESTIGIOUS ACCELERATING PROGRAMS AND RESOURCES FOR THE NEXT GENERATION OF ASIAN PACIFIC VISIONARIES. WE CONNECT THE MOST PROMISING ASIAN PACIFIC CREATIVES, ENTREPRENEURS, AND SOCIAL IMPACT LEADERS WITH LEADING ASIAN PACIFIC TALENT AND OFFER CAREER-MAKING RESOURCES AND OPPORTUNITIES WITH THE WORLD'S BIGGEST PLATFORMS. FOR EXAMPLE, WE FACILITATED 500,000 IN GRANTS TO 10 AAPI-SERVING NONPROFITS THROUGH A PUBLIC GRANTS CHALLENGE THAT GENERATED OVER 12,000 PUBLIC VOTES - THE GOLD FUTURES CHALLENGE - AND FACILITATED 3 FULLY-FUNDED SHORT FILMS WITH RISING ASIAN PACIFIC FILMMAKERS WITH NETFLIX THAT PREMIERED AT TRIBECA FESTIVAL. MEDIA REPRESENTATION - TO ENSURE THE FAIR, ACCURATE, AND INCLUSIVE REPRESENTATION OF ASIANS AND PACIFIC ISLANDERS IN CULTURE, GOLD HOUSE'S MEDIA REPRESENTATION WORK ACCELERATES THE AUTHENTICITY AND SUCCESS OF ASIAN PACIFIC-LED STORIES. FOR EXAMPLE, WE AMPLIFY SELECT FILMS THROUGH GOLDOPEN - A COMMUNITY-LED MOVEMENT THAT HAS ENGAGED HUNDREDS OF THOUSANDS NATIONWIDE AND AMPLIFIED DOZENS OF ASIAN PACIFIC-LED FILMS TO CRITICAL AND BOX OFFICE SUCCESS, CREATING FAR-REACHING ECONOMIC AND SOCIAL CHANGE IN THE MAINSTREAM ACCEPTANCE AND PERCEPTION OF ASIANS AND PACIFIC ISLANDERS. WE ALSO CONDUCT AND CO-AUTHOR FIRST-OF-ITS-KIND RESEARCH, SUCH AS THE LARGEST STUDY EVER ON MEDIA REPRESENTATION OF ASIAN PACIFIC WOMEN, ALONGSIDE NON- PROFIT SEEHER. FINALLY, WE PROVIDE CULTURAL RESOURCES AND SERVICES LIKE GOLD STORYBOOK - A PUBLIC GUIDE AND RESOURCE HUB FOR STORYTELLERS ON HOW TO CREATE AUTHENTIC ASIAN PACIFIC PORTRAYALS IN MEDIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Spencer Hwa-Bing Chen President | Officer | 60 | $239,583 |
Jeremy Tran Exec Dir/sec | Officer | 60 | $239,583 |
Ben Chu Treasurer | Officer | 40 | $93,125 |
Prabal Gurung Board Direct | Trustee | 3 | $0 |
Daniel Dae Kim Board Direct | Trustee | 3 | $0 |
Michelle Lee Board Direct | Trustee | 3 | $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 | $3,390,092 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,390,092 |
Total Program Service Revenue | $2,263,749 |
Investment income | $8,893 |
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 | $5,663,642 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $520,000 |
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. | $572,291 |
Compensation of current officers, directors, key employees. | $264,001 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $202,140 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $33,619 |
Payroll taxes | $53,886 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,289 |
Fees for services: Accounting | $23,816 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $382,256 |
Advertising and promotion | $162,639 |
Office expenses | $1,881 |
Information technology | $63,749 |
Royalties | $0 |
Occupancy | $0 |
Travel | $158,391 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $992,236 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,934 |
Insurance | $17,426 |
All other expenses | -$512,817 |
Total functional expenses | $3,248,477 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,686,869 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $751,400 |
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 | $19,379 |
Investments—publicly traded securities | $1,723,898 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,181,546 |
Accounts payable and accrued expenses | $26,483 |
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 | $26,483 |
Net assets without donor restrictions | $4,155,063 |
Net assets with donor restrictions | $0 |
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 | $4,181,546 |
Over the last fiscal year, Gold House Foundation Inc has awarded $520,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
WILDWONDER BRANDS INC PURPOSE: FOUNDERS SCHOLARSHIP | $10,000 |
UMAMICART INC PURPOSE: FOUNDERS SCHOLARSHIP | $10,000 |
ASIAN AMERICAN FUTURES PURPOSE: AAPI COMMUNITY GRANT | $500,000 |