Fayeth Foundation Inc
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $2.1m
- Employees
- 0
- Location
- Pomona, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4400706
Organization Overview
Fayeth Foundation Inc is located in Pomona, CA. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Fayeth 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, Fayeth Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $120.2k 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 |
|---|---|---|---|
Hongfei He CEO | 2 | $0 | |
Damei Feng CFO & Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,235,000 |
| Interest on Savings | $14 |
| Dividends & Interest | $13,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,755 |
| Capital Gain Net Income | $20,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,269,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $200 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $120,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,800 |
| Savings and temporary cash investments | $566 |
| 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 | $2,085,837 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,097,203 |
| 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, Fayeth Foundation Inc has awarded $120,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CEDARS-SINAI PURPOSE: TO SUPPORT CANCER RESEARCH IN EFFORTS TO REDUCE HEALTH DISPARITIES AND INCREASE ACCESS TO CARE FOR ALL PATIENTS, BUILDING A STRONGER AND HEALTHIER COMMUNITY | $30,000 |
BLISS AND WISDOM CHARITABLE ORGANIZ PURPOSE: TO PROVIDE SOCIAL WELFARE SERVICES AND LIFE GROWTH COURSES THROUGH PHILANTHROPHY, INSPIRING EVERYONE'S KINDNESS, DRIVING THE SOCIAL GOOD ATMOSPHERE AND BRINGING WARMTH AND LIGHT TO THE SOCIETY | $7,500 |
LOMA LINDA UNIVERSITY PURPOSE: TO GIVE STUDENTS THE OPPORTUNITY TO STUDY WITHOUT FINANCIAL WORRY, PREPARE THE NEXT GENERATION OF HEALTHCARE PROVIDERS AND MAKE THE NEXT LIFE-CHANGING DISCOVERY-FOREVER ALTERING THE HEALING JOURNEY FOR FUTURE PATIENTS | $30,000 |
HARVARD-YENCHING INSTITUTE PURPOSE: TO SUPPORT VISITING FELLOWS WHO ARE PURSUING GRADUATE DEGREES AT UNIVERSITIES IN ASIA AND WHO ARE COMING TO HYI FOR ADVANCED TRAINING AND RESEARCH | $30,000 |
FO GUANG SHAN INTERNATIONAL TRANSLA PURPOSE: TO SUPPORT THE TEAM OF TRANSLATORS AND EDITORS, PROVIDE QUALITY PRODUCTION AND DESIGN TO PUBLICATIONS, PRINT AND SHIP THE TRANSLATIONS TO WHOEVER WANTS ONE, AS WELL AS FIND AND SERVE SEEKERS, STUDENTS, SOLDIERS, PRISONERS, AND ALL PEOPLE WHO WISH TO LEARN FROM THE BUDDHA'S TEACHINGS | $22,500 |