Wang & Tao Family Foundation
- Assets
- $911.7k
- Revenue
- $43.2k
- Investments
- $891.3k
- Employees
- 0
- Location
- Hillsborough, CA
- Founding
- 12/2019
- Data as of
- 09/2023
- EIN
- 84-3345282
Organization Overview
Wang & Tao Family Foundation is located in Hillsborough, CA. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wang & Tao 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 09/2023, Wang & Tao Family Foundation generated $43.2k 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 (54.5%) each year. All expenses for the organization totaled $60.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wang & Tao Family Foundation has awarded 16 individual grants totaling $126,100. 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 |
|---|---|---|---|
Tao Tao Chief Executive Officer | 2 | $0 | |
Chao Wang Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $547 |
| Dividends & Interest | $24,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,629 |
| Capital Gain Net Income | $12,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,113 |
| Total Revenue | $43,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,862 |
| Total operating and administrative expenses | $9,862 |
| Contributions, gifts, grants paid | $50,600 |
| Total expenses and disbursements | $60,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,394 |
| Savings and temporary cash investments | $0 |
| 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 | $349,435 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $911,677 |
| 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, Wang & Tao Family Foundation has awarded $50,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HILLSBOROUGH SCHOOLS FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
KIPP FOUNDATION PURPOSE: GENERAL PURPOSE | $600 |
NORTHWESTERN UNIVERSITY PURPOSE: GENERAL PURPOSE | $10,000 |
SCHWAB CHARITABLE FUND PURPOSE: GENERAL PURPOSE | $30,000 |