Kuofeng Foundation
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Gabriel, CA
- Founding
- 11/2013
- Data as of
- 06/2021
- EIN
- 46-1403596
Organization Overview
Kuofeng Foundation is located in San Gabriel, CA. The organization was established in 2013. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kuofeng 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 06/2021, Kuofeng Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $10.2k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PROMOTE CULTURAL EXPERIENCES, ARTS, AND EDUCATION TO THE LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AND PROMOTE CULTURAL EXPERIENCES, ARTS, AND EDUCATION TO THE LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Asanuma Secretary | Officer | 2 | $0 |
Edie Wong Director | Officer | 2 | $0 |
Serena Cheng Director | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,000 |
| Investment income | $565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,250,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,439,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,009 |
| Total assets | $1,533,514 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,533,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kuofeng Foundation has recieved totaling $192,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: Social Services/Social Benefits | $192,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alu Like Inc Honolulu, HI | $2,290,492 | $9,028,851 |
Sacramento Chinese Community Service Center Inc Sacramento, CA | $4,354,396 | $9,145,000 |
Central American Resource Center - Carecen - Of California Los Angeles, CA | $10,035,647 | $7,843,220 |
Central American Resource Center Carecen Of Northern California San Francisco, CA | $2,586,265 | $9,324,571 |
Alianza Nacional De Campesinas Inc Oxnard, CA | $1,552,318 | $8,642,187 |
The Seventh Generation Fund For Indigenous Peoples Inc Arcata, CA | $11,269,311 | $11,321,749 |
Family Bridges Inc Oakland, CA | $13,216,729 | $7,001,023 |
Centro Cultural De Condado De Washington Cornelius, OR | $5,601,313 | $8,715,146 |
Adelante Mujeres Forest Grove, OR | $6,994,126 | $6,213,932 |
International Outreach Services Mililani, HI | $2,260,191 | $4,332,348 |
La Raza Community Resource Center Inc San Francisco, CA | $1,779,318 | $5,410,893 |
Phoenix Indian Center Phoenix, AZ | $3,230,843 | $4,638,473 |