Recare Foundation
- Assets
- $2.0m
- Revenue
- $250.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- Campbell, CA
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 91-2163535
Organization Overview
Recare Foundation is located in Campbell, CA. The organization was established in 2004. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recare 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, Recare Foundation generated $250.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $189.5k during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Recare Foundation has awarded 21 individual grants totaling $179,880. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION IN THE DOMAINS OF TECHNOLOGY, SCIENCE AND MEDICINE AIMED AT BETTERING THE WELL-BEING OF PEOPLE, ESPECIALLY UNDERPRIVILEGED CHILDREN, INCLUDING RELATED ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eunice T Yan President | 8 | $20,000 | |
Raymond T Yan Vp/secretary | 8 | $20,000 | |
Matthew K Yan Member | 1 | $0 | |
Alex K Yan Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $19,113 |
| Dividends & Interest | $41,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,039 |
| Capital Gain Net Income | $16,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,340 |
| Interest | $0 |
| Taxes | $1,027 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,159 |
| Total operating and administrative expenses | $99,758 |
| Contributions, gifts, grants paid | $89,700 |
| Total expenses and disbursements | $189,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,143 |
| 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 | $2,046,567 |
| 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, Recare Foundation has awarded $89,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LUNG ASSOCIATION PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZA | $300 |
AMERICAN RED CROSS PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZA | $500 |
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZA | $300 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZA | $300 |
COLLEGE OF ENGINEERING UC BERKELEY PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZA | $65,000 |
OAKLAND SCHOOL FOR THE ARTS PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZA | $23,000 |