Zhangxu Family Foundation
- Assets
- $1.1m
- Revenue
- $128.4k
- Investments
- $863.0k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 12/2006
- Data as of
- 05/2024
- EIN
- 20-5081510
Organization Overview
Zhangxu Family Foundation is located in Saratoga, CA. The organization was established in 2006. 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. Zhangxu 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 05/2024, Zhangxu Family Foundation generated $128.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $37.5k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Zhangxu Family Foundation has awarded 92 individual grants totaling $181,769. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRIVEN BY THE RECENT OCCURRENCE OF DISASTERS OF EARTHQUAKE, MOUNTING DANGEROUS DISEASE, SEVERE SHORTAGE OF BASIC PREVENTATIVE MEDICATION ETC, ZHANGXU FAMILY FOUNDATION HELD SUFFICIENT DISCUSSIONS WITH CHINA PRIMARY CARE FOUNDATION, AND DREW CONCLUSION THAT PART OF DONATED FUNDS TO CHINA PRIMAY CARE FOUNDATION CAN BE ALLOCATED TO PURCHASE NEEDED MEDICINE AND MEDICAL EQUIPMENTS, WHICH SHOULD BE USED EXCLUSIVELY FOR THE RELIEF OF DISASTROUS AREAS AND REMOTELY LOCATED AREAS IN POVERTY. LOCAL PERSONNELS WERE HIRED TO IMPLEMENT TO LOGISTIC OF THE PROJECT, THE INCURRED EXPENSE FOR THE PERIOC IS RELATING TO THE IMPLEMENTATION OF THE ONGOING PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Li Zhang President | 4 | $0 | |
Helen Xu Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64 |
| Dividends & Interest | $10,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,856 |
| Capital Gain Net Income | $117,856 |
| Net ST Capital Gain | $117,856 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,416 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94 |
| Depreciation | $8,219 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,811 |
| Printing and publications | $0 |
| Other expenses | $272 |
| Total operating and administrative expenses | $25,796 |
| Contributions, gifts, grants paid | $11,666 |
| Total expenses and disbursements | $37,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,685 |
| Savings and temporary cash investments | $8,291 |
| 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 | $160,944 |
| Other assets | $1 |
| Total assets | $1,066,961 |
| 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 | -$100 |
| Total liabilities | -$100 |
Grants Awarded
Over the last fiscal year, Zhangxu Family Foundation has awarded $11,666 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HARKER SCHOOL PURPOSE: CHARITY | $2,024 |
UW FOUNDATION PURPOSE: CHARITY | $3,000 |
MIT ALUMNI ASSOCIATION PURPOSE: CHARITY | $3,120 |
FUTURE BRIDGE PURPOSE: CHARITY | $3,000 |
USA FENCING PURPOSE: CHARITY | $92 |
ALAMEDA COUNTY SCIENCE AND ENGINEER PURPOSE: CHARITY | $300 |