Wei Family Foundation
- Assets
- $527.7k
- Revenue
- $2.8k
- Investments
- $236.2k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 06/2005
- Data as of
- 03/2024
- EIN
- 20-2753474
Organization Overview
Wei Family Foundation is located in Los Altos, CA. The organization was established in 2005. 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. Wei Family 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 03/2024, Wei Family Foundation generated $2.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.6%) each year. All expenses for the organization totaled $80.9k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Feng Wei CEO | 4 | $0 | |
Lin Li Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49 |
| Depreciation | $15,673 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $24,066 |
| Printing and publications | $0 |
| Other expenses | $35,430 |
| Total operating and administrative expenses | $79,133 |
| Contributions, gifts, grants paid | $1,800 |
| Total expenses and disbursements | $80,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,773 |
| 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 | $16,870 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $141,819 |
| Other assets | $0 |
| Total assets | $527,650 |
| Accounts payable and accrued expenses | $468 |
| 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 | $468 |
Grants Awarded
Over the last fiscal year, Wei Family Foundation has awarded $1,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST FOOD BANK PURPOSE: FOR PROVIDING FOOD FOR PEOPLE IN NEED IN OUR COMMUNITY. | $900 |
BUDDHISTTZU PURPOSE: TO CULTIVATE SINCERITY, INTEGRITY, FAITH, AND HONESTY WITHIN WHILE EXERCISING KINDNESS, COMPASSION, JOY, AND SELFLESSNESS TO HUMANITY THROUGH CONCRETE ACTIONS. | $900 |