Patricia Lee Wang Foundation
- Assets
- $433.0k
- Revenue
- $38.6k
- Investments
- $415.1k
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 01/2004
- Data as of
- 09/2022
- EIN
- 20-0313190
Organization Overview
Patricia Lee Wang Foundation is located in Long Beach, CA. The organization was established in 2004. 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. Patricia Lee Wang 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 09/2022, Patricia Lee Wang Foundation generated $38.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $60.7k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Patricia Lee Wang Foundation has awarded 52 individual grants totaling $300,825. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Lee Wang President | 0 | $0 | |
John C Wang Secretary & CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,834 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,796 |
| Capital Gain Net Income | $19,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,097 |
| Total operating and administrative expenses | $10,155 |
| Contributions, gifts, grants paid | $50,525 |
| Total expenses and disbursements | $60,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,907 |
| 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 | $73,522 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $433,028 |
| 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, Patricia Lee Wang Foundation has awarded $50,525 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Long Beach, CA PURPOSE: GENERAL | $24,475 |
SADDLEBACK CHURCH PURPOSE: GENERAL | $11,000 |
HELP MADAGASCAR PURPOSE: GENERAL | $9,500 |
TWELVEELEVEN 1211 MINISTRIES PURPOSE: GENERAL | $2,700 |
DOGS FOR BETTER LIVES PURPOSE: GENERAL | $2,000 |
DAILY HOPE PURPOSE: GENERAL | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patricia Lee Wang Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Kenjohn And Jacqueline Wang Foundation Long Beach, CA PURPOSE: GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |