Precise Foundation Inc
- Assets
- $18.3k
- Revenue
- $80.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- Data as of
- 12/2022
- EIN
- 85-3469852
Organization Overview
Precise Foundation Inc is located in Rockville, MD. 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. Precise 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, Precise Foundation Inc generated $80.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $111.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zhensen Huang President/director | 0.5 | $0 | |
Julie Nguyen Resident Agent/treasurer/secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,500 |
| 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 | $10 |
| Total operating and administrative expenses | $11,578 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $111,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,253 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $18,253 |
| 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, Precise Foundation Inc has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIDWELL FRIENDS SCHOOL PURPOSE: IN SUPPORT OF NEW ASIAN AMERICAL STUDIES CHAIR | $80,000 |
LEARNSERVE INTERNATIONAL PURPOSE: LEARNSERVE INTERNATIONAL IS A DC BASED 501C3 ORGANIZATION PROVIDING SOCIAL ENTREPRENEURSHIPTRAINING FOR YOUTH. LEARNSERVE AND THE PRECISE FOUNDATION AGREED TO COLLABORATE IN HOSTING A 4HOUR VIRTUALHACKATHON FOR HIGH SCHOOL STUDENTS. PARTICIPANTS WERE RECRUITED FROM HIGH SCHOOLS IN THE WASHINGTON, DC REGION.PARTICIPANTS WERE PROVIDED WITH TRAINING TO ENABLE THEM TO COME UP WITH INNOVATIVE RESPONSES TO THE DESIGNCHALLENGE: "HOW MIGHT WE INCREASE THE PARTICIPATION OF UNDERREPRESENTED MINORITIES IN STEM." | $20,000 |