Otc Global Foundation
- Assets
- $4.7k
- Revenue
- $8.2k
- Investments
- $3.0k
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 01/2011
- Data as of
- 10/2023
- EIN
- 27-4001575
Organization Overview
Otc Global Foundation is located in Sunnyvale, CA. The organization was established in 2011. 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. Otc Global 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 10/2023, Otc Global Foundation generated $8.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $9.5k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 4 years. 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
FOR COMMUNITY ADVOCACY SERVICES ARTS MUSIC E.G. SPIRITUAL MEDITATION RELIGIOUS ORGS. EXPENSE IS SHOWN AS % PERCENTAGE AT RIGHT HAND SIDE
FOR BETTER COMMUNITY CARING AND ADVANCE RESEARCH FOR HUMAN DISEASE OR CHRONIC ILLNESS ETC. EXPENSE IS SHOWN AS % PERCENTAGE AT RIGHT HAND SIDE
FOR BETTER EDUCATION..TO BENEFIT ALL UNDERPRIVILEGED CHILDREN COMMUNITY. EXPENSE IS SHOWN AS % PERCENTAGE AT RIGHT HAND SIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Wong CEO | 15 | $0 | |
Y Lee Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,588 |
| Total operating and administrative expenses | $4,563 |
| Contributions, gifts, grants paid | $4,983 |
| Total expenses and disbursements | $9,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $943 |
| Savings and temporary cash investments | $748 |
| 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 | $4,704 |
| Accounts payable and accrued expenses | $85 |
| Grants payable | $3,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,000 |
| Total liabilities | $4,085 |
Grants Awarded
Over the last fiscal year, Otc Global Foundation has awarded $4,983 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES FUND FOR UNICEF UN PURPOSE: QUALIFIED OBJECTIVE | $300 |
TCCF TAIWAN CHILDREN FUND PURPOSE: QUALIFIED OBJECTIVES | $193 |
NCBDS NORTHERN CA BODHI DHARMA SOC PURPOSE: QUALIFIED OBJECTIVES | $2,250 |
SH FOOD BANK SILICON VALLEY PURPOSE: QUALIFIED OBJECTIVE | $2,240 |
UBC PURPOSE: QUALIFIED OBJECTIVES | $0 |
NCBDS PURPOSE: QUALIFIED OBJECTIVES | $0 |