New Century Foundation
- Assets
- $17.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 91-2152100
Organization Overview
New Century Foundation is located in San Jose, CA. The organization was established in 2002. According to its NTEE Classification (X50) the organization is classified as: Buddhism, 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. New Century 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, New Century Foundation generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $3.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (42.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
VARIOUS ON-LINE YOGA OF JOY & VAJRA WIND BREATHING PRACTICE SESSIONS TO HELP PEOPLE TO CULTIVATE INNER WISDOM; A MANTRA RECORDING PROGRAM TO HELP PRACTIONERS TO MAINTAIN AND ACHIEVE INNER PEACE AND REALIZE THEIR TRUE NATURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miao Yuan Executive Director | 40 | $0 | |
Jorge Torres Operational Director | 40 | $0 | |
Emilia Wang Director, Secretary And Treasurer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,890 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $101 |
| Total Revenue | $7,997 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $26 |
| Other expenses | $3,373 |
| Total expenses | $3,399 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,627 |
| Other assets | $0 |
| Total assets | $17,772 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,772 |