The Mozhai Foundation
- Assets
- $4.1k
- Revenue
- $52.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2013
- Data as of
- 12/2023
- EIN
- 45-3785748
Organization Overview
The Mozhai Foundation is located in San Francisco, CA. The organization was established in 2013. 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. Mozhai 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, Mozhai Foundation generated $52.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $61.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 9 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
ADMINISTRATION/GOVERNANCE/GRANTS TO OTHER NON-PROFITS 1. BOARD OF DIRECTORS DETERMINES IN AUGUST 2023 TO WIND DOWN FOUNDATION ACTIVITIES.2. WORK ON TERMINATION OF FOUNDATION AND LOCATING APPROPRIATE DONATION TARGET FOR REMAINING ASSETS.3. MAKE ARRANGEMENTS FOR LOAN OF EXTENSIVE SEALS COLLETION BY TSAO FAMILY TO LOS ANGELES COUNTY MUSEUM OF ART.4. MAINTAIN VIEWING GALLERY THROUGH AUGUST 2023.
PUBLICATION: MODERN INK: THE ART OF HUANG BINHONG (JANUARY THROUGH DECEMBER 2023)ACTIVITIES RELATING TO PUBLICATION IN JANUARY 2023 DELIVERY AND SPRING 2023 UNIVERSITY OF HAWAII CATALOG RELEASE, INCLUDING DISTRIBUTION AND COMPLETION OF PUBLICATION EXPENSES.
PROGRAMS/INSTITUTIONAL SUPPORT: CONTINUED LI HUASHENG FOUNDATION SCANNINGTOTAL OF 911 SCANS OF LI HUASHENG FOUNDATION ART COLLECTION ARE MADE
WEBSITE IMAGE CATALOG UPDATE AND MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elna Tsao President | 1 | $0 | |
Ming Tsao Vice President | 1 | $0 | |
Shanya Tsao Treasurer | 1 | $0 | |
Jeffrey B Detwiler Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,920 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $232 |
| Total Revenue | $52,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,565 |
| Depreciation | $0 |
| Occupancy | $34,459 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,515 |
| Total operating and administrative expenses | $61,367 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $61,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,069 |
| 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 | $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 | $4,069 |
| 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, The Mozhai Foundation has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY SCHOOL FOR CREATIVE EDUCATION PURPOSE: GENERAL DONATION | $5,000 |
THE LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: GENERAL DONATION | $12,500 |