Bright China Social Fund
- Assets
- $18.0m
- Revenue
- $5.1m
- Investments
- $13.6m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 08/2008
- Data as of
- 03/2022
- EIN
- 26-2487075
Organization Overview
Bright China Social Fund is located in Pasadena, CA. The organization was established in 2008. 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. Bright China Social Fund 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 03/2022, Bright China Social Fund generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 66.5% each year . All expenses for the organization totaled $2.4m during the year ending 03/2022. While expenses have increased by 47.2% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Pollard Chairman & President | 1 | $2,000 | |
Leonard F Kwiatkowski Director | 1 | $2,000 | |
Robert F Keith Director Thru 3/2022 | 1 | $2,000 | |
Pik Ngan Yip Treasurer | 1 | $0 | |
Jun Shi Director | 1 | $0 | |
Paul-Long Lee Foundation Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,150,000 |
| Interest on Savings | $48 |
| Dividends & Interest | $260,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $701,562 |
| Capital Gain Net Income | $701,562 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,111,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,433 |
| Depreciation | $0 |
| Occupancy | $27,696 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168,411 |
| Total operating and administrative expenses | $380,784 |
| Contributions, gifts, grants paid | $2,025,000 |
| Total expenses and disbursements | $2,405,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,146 |
| Savings and temporary cash investments | $178,416 |
| 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 | $2,395,675 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,167,897 |
| Total assets | $17,984,372 |
| Accounts payable and accrued expenses | $22,331 |
| Grants payable | $1,500,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $79,833 |
| Total liabilities | $1,602,164 |
Grants Awarded
Over the last fiscal year, Bright China Social Fund has awarded $2,025,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Alhambra, CA PURPOSE: SUPPORT EDUCATIONAL LEADERSHIP PROGRAM | $1,950,000 |
Pittsburgh, PA PURPOSE: SUPPORT EDUCATIONAL LEADERSHIP PROGRAM | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |