Liuchao Foundation
- Assets
- $1.1m
- Revenue
- $244.0k
- Investments
- $970.8k
- Employees
- 0
- Location
- Gilroy, CA
- Founding
- 01/2011
- Data as of
- 07/2023
- EIN
- 27-3227019
Organization Overview
Liuchao Foundation is located in Gilroy, CA. The organization was established in 2011. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Liuchao 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 07/2023, Liuchao Foundation generated $244.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $66.8k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Liuchao Foundation has awarded 48 individual grants totaling $310,729. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $58,489 |
| Dividends & Interest | $134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $139,997 |
| Capital Gain Net Income | $139,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,625 |
| Total Revenue | $243,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $1,149 |
| Contributions, gifts, grants paid | $65,636 |
| Total expenses and disbursements | $66,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,783 |
| 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 | $103,528 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $970,789 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,081,100 |
| 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, Liuchao Foundation has awarded $65,636 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TOURETTE ASSOCIATION OF AMERICA PURPOSE: CHARITY | $4,533 |
HOME OF CHRIST CHINESE CHURCH PURPOSE: CHARITY | $60,000 |
HEART HEROES PURPOSE: CHARITY | $103 |
SAMARITAN'S PURSE PURPOSE: CHARITY | $1,000 |