Shi Zhang Family Foundation
- Assets
- $2.2m
- Revenue
- $712.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3163503
Organization Overview
Shi Zhang Family Foundation is located in Los Altos, CA. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shi Zhang 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 12/2023, Shi Zhang Family Foundation generated $712.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $32.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED GRAMMY NOMINATED PIANIST DAVID BENOIF FOR A PRIVATE CONCERT
ORGANIZED AND ATTENDED TAKASHI MURUKAMI DINNER AT THE OPENING NIGHT OF HIS SOLO EXHIBITION AT SF ASIAN ART MUSUEM
HOSTED MONTALVO LAP RESIDENT ARTISTS AT SF ASIAN ART MUSUEM AT MULTIPLE OCCASIONS FOR ART TOURS
CO HOSTED CRYTAL SPRINGS UPLANDS SCHOOL CMI PARTIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Shi CEO | 15 | $0 | |
Hansong Zhang Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,140 |
| Interest on Savings | $0 |
| Dividends & Interest | $488 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $462,085 |
| Capital Gain Net Income | $462,085 |
| Net ST Capital Gain | $462,086 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $712,713 |
| 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 | $414 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $53 |
| Printing and publications | $0 |
| Other expenses | $16,367 |
| Total operating and administrative expenses | $18,487 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $31,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,238 |
| 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 | $0 |
| Net Land, buildings, and equipment | $46,575 |
| Other assets | $656,783 |
| Total assets | $2,173,941 |
| Accounts payable and accrued expenses | $10,053 |
| 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 | $1 |
| Total liabilities | $10,054 |
Grants Awarded
Over the last fiscal year, Shi Zhang Family Foundation has awarded $13,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MONTALVO ARTS CENTER PURPOSE: CHARITABLE DONATION | $2,500 |
CRYSTAL SPRINGS UPLANDS SCHOOL PURPOSE: CHARITABLE DONATION | $10,000 |
ASIAN PACIFIC FUND PURPOSE: CHARITABLE DONATION | $1,000 |