X245 Foundation

Organization Overview

X245 Foundation is located in Palo Alto, CA. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. X245 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ADDRESS THE NEGATIVE IMPACT THAT HIGH HOUSING COST IN THE BAY AREA HAS ON THE ABILITY OF PENINSULA BIBLE CHURCH TO RECRUIT AND RETAIN PASTORAL STAFF. TO PROVIDE ASSISTANCE AND SUPPORT TO PBC PASTORS FOR HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ASSISTANCE AND SUPPORT TO PBC PASTORS FOR HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Jerry Yan
President
$0
Christine Kurihara
Secretary
$0
Robert T Clarkson
Treasurer
$0
Daryl Sid
Operations
$0
Peter Monaco
Board Member
$0

Financial Statements

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$278,634
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$278,634
Total Program Service Revenue$0
Investment income $32,068
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $14,579
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 $325,281

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