James And Karena Xie Family Foundation
- Assets
- $1.8m
- Revenue
- $51.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- La Canada Flintridge, CA
- Founding
- Data as of
- 10/2023
- EIN
- 85-4039687
Organization Overview
James And Karena Xie Family Foundation is located in La Canada Flintridge, CA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James And Karena Xie 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 10/2023, James And Karena Xie Family Foundation generated $51.2k 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 (70.9%) each year. All expenses for the organization totaled $83.8k during the year ending 10/2023. 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 |
|---|---|---|---|
Karena Xie CEO | 2 | $0 | |
Jian Xie CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,233 |
| Dividends & Interest | $35,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,578 |
| Capital Gain Net Income | $3,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,969 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $351 |
| Total operating and administrative expenses | $21,065 |
| Contributions, gifts, grants paid | $62,687 |
| Total expenses and disbursements | $83,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,017 |
| 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 | $1,845,421 |
| Accounts payable and accrued expenses | $5,200 |
| 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 | $5,200 |
Grants Awarded
Over the last fiscal year, James And Karena Xie Family Foundation has awarded $62,687 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WINGS OF RESCUE PURPOSE: CHARITABLE | $5,200 |
POLYTECHNIC SCHOOL PURPOSE: CHARITABLE | $50,000 |
PACIFIC OAKS CHILDREN SCHOOL PURPOSE: CHARITABLE | $7,487 |