Green Mountain Foundation
- Assets
- $2.1m
- Revenue
- $225.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-4175885
Organization Overview
Green Mountain Foundation is located in San Jose, 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. Green Mountain 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 12/2023, Green Mountain Foundation generated $225.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $122.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Green Mountain Foundation has awarded 366 individual grants totaling $587,710. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAYMENT TO MS WEIHE HUANG, WHO WAS VOLUNTEERING FOR CHARITIES BUT TERMINATE ILL (SHE LATER PASSED AWAY IN 2021), IS THE ACTIVITY OF OUR SPECIAL PROGRAM THAT GRANTS HUMANITARIAN SUPPORTS TO THE NEEDY, UNFORTUNATES, UNDERSERVED, OR UNDEREDUCATED. THIS SPECIAL PROGRAM IS IN LINE WITH FOUNDATION'S MISSION THAT IS TO PROMOTE AND PROVIDE NONPOLITICAL NONRELIGIOUS FINANCIAL AIDS TO COMMUNITY DEVELOPMENTS AND HUMANITARIAN EFFORTS DOMESTICALLY AND INTERNATIONALLY. THE PROGRAM HELPS FURTHERING THE EXEMPT PURPOSES OF OUR FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ke Wu Secretary | 2 | $8,000 | |
Hong-Gen Chen President & CEO | 4 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $148,690 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,337 |
| 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 | $1,341 |
| Total Revenue | $225,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115 |
| Total operating and administrative expenses | $26,136 |
| Contributions, gifts, grants paid | $96,465 |
| Total expenses and disbursements | $122,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $421,558 |
| 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 | $1,640,619 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,062,177 |
| Accounts payable and accrued expenses | -$1,227 |
| 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 | $116 |
| Total liabilities | -$1,111 |
Grants Awarded
Over the last fiscal year, Green Mountain Foundation has awarded $96,465 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
1990 INSTITUTE PURPOSE: DONATION | $2,000 |
AARP FOUNDATION PURPOSE: DONATION | $2,000 |
ALUMNI ASSOCIATION OF SOUTHERN MEDICAL UNIVERSITY -NORTH AMERICAN PURPOSE: DONATION | $4,000 |
ADVOCACY INC PURPOSE: DONATION | $500 |
ALZHEIMER'S ASSOCIATION MONTEREY - 2021 WALK TO END ALZHEIMER SANTA CRUZ PURPOSE: DONATION | $2,500 |
AMERICAN RED CROSS CENTRAL COAST CHAPTER DISASTER RELIEF PURPOSE: DONATION | $2,000 |