Glory Foundation
- Assets
- $86.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 03/2005
- Data as of
- 09/2023
- EIN
- 20-1660863
Organization Overview
Glory Foundation is located in San Jose, CA. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community 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. Glory 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 09/2023, Glory Foundation generated $43.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $43.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (29.7%) per year over the past 4 years. 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 |
|---|---|---|---|
Kenneth Jung Chairman & President | 15 | $0 | |
Kat Hsu Secretary | 5 | $0 | |
Alex Hua Treasurer | 4 | $0 | |
Louis Chan Board Member | 1 | $0 | |
Victor Koh Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,898 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $319 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43,217 |
| 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 | $0 |
| Other expenses | $2,771 |
| Total expenses | $43,322 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,804 |
| Other assets | $0 |
| Total assets | $86,311 |
| Total liabilities | $13 |
| Net assets or fund balances | $86,298 |