Formosa Titan Foundation
- Assets
- $357.8k
- Revenue
- $30.9k
- Investments
- $340.3k
- Employees
- 0
- Location
- San Marino, CA
- Founding
- 10/2006
- Data as of
- 11/2021
- EIN
- 20-3869012
Organization Overview
Formosa Titan Foundation is located in San Marino, CA. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formosa Titan 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 11/2021, Formosa Titan Foundation generated $30.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $34.2k during the year ending 11/2021. While expenses have increased by 7.1% per year over the past 6 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 2015, Formosa Titan Foundation has awarded 85 individual grants totaling $200,420. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO TEMPLE, COLLEGE, HOSPITAL & VARIOUS RELIGIOUS OR CHARITABLE ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,262 |
| Capital Gain Net Income | $19,262 |
| Net ST Capital Gain | $621 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,400 |
| Other expenses | $42 |
| Total operating and administrative expenses | $7,066 |
| Contributions, gifts, grants paid | $27,150 |
| Total expenses and disbursements | $34,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,502 |
| 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 | $340,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $357,783 |
| 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, Formosa Titan Foundation has awarded $27,150 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Alhambra, CA PURPOSE: GENERAL SUPPORT | $12,200 |
Duarte, CA PURPOSE: GENERAL SUPPORT | $2,250 |
FOUNDATION FOR DISABLED YOUTHS PURPOSE: GENERAL SUPPORT | $1,500 |
New York, NY PURPOSE: GENERAL SUPPORT | $1,500 |
Houston, TX PURPOSE: GENERAL SUPPORT | $1,200 |
THE HUNTINGTON LIBRARY PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |
Julia Burke Foundation San Francisco, CA | $10,173,958 | $4,976,202 |
James Megellas Foundation Inc Scottsdale, AZ | $68,107,616 | $5,113,659 |
Rsf Social Investment Fund Inc San Francisco, CA | $183,234,866 | $6,180,684 |
Napa Institute Support Foundation Irvine, CA | $19,458,182 | $17,196,018 |
Orange Schools Financing Corporation Orange, CA | $21,811,397 | $4,509,507 |
Herbst Foundation Inc Walnut Creek, CA | $62,095,126 | $6,418,341 |