Gai Foundation
- Assets
- $208.8k
- Revenue
- $17.6k
- Investments
- $180.9k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 05/2008
- Data as of
- 11/2023
- EIN
- 26-1537637
Organization Overview
Gai Foundation is located in San Jose, CA. The organization was established in 2008. 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. Gai 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 11/2023, Gai Foundation generated $17.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $7.0k during the year ending 11/2023. 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
VISITED MANY MUSEUMS, PRIVATE AND PUBLIC SECONDARY SCHOOLS AND UNIVERSITIES IN CHINA. DISCUSS AND EXCHANGE WITH LOCAL PEOPLE ABOUT THE WAY CHINESE AND AMERICAN NON-PROFIT ORGANIZATIONS OPERATE AND THEIR DIFFERENT ADVANTAGES AND DISADVANTAGES, AND FURTHER EXPLORE HOW TO BETTER SERVE THOSE IN NEED. ASSIST IN THE ORGANIZATION OF THE INTEGRATED CIRCUIT POSTGRADUATE INNOVATION PRACTICE COMPETITION TO STIMULATE GRADUATE STUDENTS' INTEREST AND MOTIVATION IN THE DIRECTION OF INTEGRATED CIRCUITS. TO POPULARIZE MICROELECTRONICS TECHNOLOGY AND ITS IMPORTANCE TO HIGH SCHOOL STUDENTS, AND HELP THEM CHOOSE THEIR PROFESSIONAL DIRECTION MORE RATIONALLY IN THE FUTURE COLLEGE ENTRANCE EXAMINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weixin Gai President & CEO | 3 | $0 | |
Haiyan Wen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,452 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,109 |
| Capital Gain Net Income | $5,109 |
| Net ST Capital Gain | $5,109 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $264 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,966 |
| Total operating and administrative expenses | $4,880 |
| Contributions, gifts, grants paid | $2,100 |
| Total expenses and disbursements | $6,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,906 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $208,833 |
| 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, Gai Foundation has awarded $2,100 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA ACADEMY OF SCIENCES PURPOSE: CHARITABLE DONATION | $200 |
PALO ALTO MEDICAL FOUNDATION PURPOSE: CHARITABLE DONATION | $200 |
COMPUTER HISTORY MUSEUM PURPOSE: CHARITABLE DONATION | $200 |
AMERICAN RED CROSS PURPOSE: CHARITABLE DONATION | $500 |
METROPOLITAN MUSEUM OF ART PURPOSE: CHARITABLE DONATION | $200 |
MOZILLA ORG PURPOSE: CHARITABLE DONATION | $100 |