M & J Foundation
- Assets
- $130.6k
- Revenue
- $120.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 10/2005
- Data as of
- 08/2023
- EIN
- 20-3525777
Organization Overview
M & J Foundation is located in Los Altos, CA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. M & J 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 08/2023, M & J Foundation generated $120.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $35.2k during the year ending 08/2023. While expenses have increased by 9.0% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED FAMILY HOSPITAL IN SHANGHAIA GENERAL HOSPITAL THAT DR. ALEX LEE, ANESTHESIOLOGIST, VOLUNTEERS EACH YEAR SINCE 2016 FOR ABOUT A WEEK.
HOSTING EXCHANGE STUDENTSBULLIS CHARTER SCHOOL HAS A SISTER SCHOOL IN CHENGDU CHINA. STUDENTS WOULD VISIT EACH OTHER'S SCHOOL FOR A WEEK EACH YEAR SINCE 2000. WHEN THEY VISIT, THEY WILL STAY WITH LOCAL FAMILY, SCHOOL MATES. WE HAVE BEEN HOSTING FOR THAT PAST 2 YEARS. WE PROVIDED FOOD, ABOARD AND TRANSPORTATION.
ART DOCENT LOS ALTOS SCHOOL DISTRICT ART DOCENT PROGRAM, WE HAVE A GROUP OF VOLUNTEERS TEACHES ART APPRECIATION CLASS TO DISTRICT K-6 GRADES. TAMMY WANG USUALLY TEACH ONE LESSON EACH WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Lee President & CEO | 0 | $0 | |
Tammy Wang Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,562 |
| Capital Gain Net Income | $120,562 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50 |
| Total Revenue | $120,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,205 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,551 |
| Printing and publications | $0 |
| Other expenses | $12,836 |
| Total operating and administrative expenses | $34,625 |
| Contributions, gifts, grants paid | $535 |
| Total expenses and disbursements | $35,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,778 |
| 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 | $1,071 |
| Other assets | $1,730 |
| Total assets | $130,579 |
| 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, M & J Foundation has awarded $535 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTEREY BAY AQUARIUM PURPOSE: DONATION | $295 |
KQED PURPOSE: DONATION | $240 |