Gracious Life Foundation
- Assets
- $224.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0492667
Organization Overview
Gracious Life Foundation is located in Sunnyvale, CA. The organization was established in 2009. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gracious Life 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 12/2022, Gracious Life Foundation generated $39.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $18.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TRAVEL TO MEET THE POTENTIAL SPONSORS FOR FOUNDATION EVENTS TO SEEK FOR EVENT SPONSORSHIP SUPPORT, OPERATION MATERIAL PREPARATION AND ALLOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weixing Chen President & Sec | 10 | $0 | |
Ni Sun CEO & Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,106 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,158 |
| Gain or Loss | $16,040 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,506 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $178 |
| Other expenses | $13,731 |
| Total expenses | $18,415 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $222,089 |
| Other assets | $0 |
| Total assets | $224,330 |
| Total liabilities | $78,450 |
| Net assets or fund balances | $145,880 |