Jeremy Lin Foundation
- Assets
- $10.0m
- Revenue
- $1.1m
- Investments
- $9.6m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-4068790
Organization Overview
Jeremy Lin Foundation is located in Palo Alto, CA. The organization was established in 2011. 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. Jeremy Lin 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, Jeremy Lin Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jeremy Lin Foundation has awarded 48 individual grants totaling $1,692,406. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Jung Dir, Treas | 2 | $6,000 | |
Jeremy Lin Dir | 1 | $0 | |
Joshua Lin Dir, Sec, VP | 1 | $6,000 | |
Patricia Sun Dir, Pres | 10 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $877,022 |
| Interest on Savings | $2,078 |
| Dividends & Interest | $100,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,358 |
| Capital Gain Net Income | $53,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $91,917 |
| Total Revenue | $1,127,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $136,337 |
| Pension plans, employee benefits | $18,232 |
| Interest | $0 |
| Taxes | $7,137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,642 |
| Printing and publications | $0 |
| Other expenses | $115,248 |
| Total operating and administrative expenses | $352,639 |
| Contributions, gifts, grants paid | $692,000 |
| Total expenses and disbursements | $1,044,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $475,130 |
| Net Accounts receivable | $3,302 |
| 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 | $750,000 |
| Investments—other | $4,389,232 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,038,910 |
| 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, Jeremy Lin Foundation has awarded $692,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ADHIKAAR FOR HUMAN RIGHTS AND SOCIAL JUSTICE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
APEX FOR YOUTH INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
ASIAN AMERICAN COALITION FOR CHILDREN AND FAMILIES PURPOSE: GENERAL & UNRESTRICTED | $72,000 |
BOSTON CHINATOWN NEIGHBORHOOD CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
COMMUNITY YOUTH CENTER OF SAN FRANCISCO PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
DRUM-DESIS RISING UP AND MOVING INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |