Wize Foundation
- Assets
- $2.1m
- Revenue
- $587.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-1944676
Organization Overview
Wize Foundation is located in Saratoga, CA. The organization was established in 2014. 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. Wize 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 12/2021, Wize Foundation generated $587.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $119.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY TEACHING AT OUR CENTERADVANCED TEACHING HELPS BUDDHIST MEDITATION PRACTITIONERS TO DO ADVANCED PRACTICE TO REDUCE AND ERADICATE SUFFERINGS. 4-5 CLASSES PER WEEK.
BUDDHIST MEDITATION WORK STUDY PROGRAMTEACHING OF THE PROGRAM: BUDDHIST MEDITATION TEACHING TO REDUCE STRESS AND SUFFERING WITH MEDITATION AND SHOWED THE PATH TO THE ULTIMATE HAPPINESS THROUGH ANCIENT MIND TRAINING - MEDITATION.MANAGEMENT THE PROGRAM: PROGRAM PROMOTION, REVIEW APPLICATIONS AND INTERVIEW APPLICANTS, RANGE FROM 4 TO 12 PARTICIPANTSPROVIDE LIVING SPACES FOR THE PROGRAM PARTICIPANTS, REPAIRS OF EXISTING HOUSES AND ROAD, BUILDING NEW TINY HOUSES, PURCHASE YURT TENTS AND RV/TRAILER/CAMPERSPROVIDE FREE FOOD FOR THE STUDENTSEXPENSE SPENT FOR THIS CHARITABLE ACTIVITY:1. INSURANCE EXPENSE - $140.222. MATERIAL EXPENSE - $188373. REPAIR AND MAINTAINANCE - $2754. UTILITIES - $7806.735. CLEANING FEE - $115.03
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jie Jessica Huai CEO | 40 | $0 | |
Jingying Liu CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $257,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $260,372 |
| 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 | $587,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $197 |
| Depreciation | $29,130 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,392 |
| Total operating and administrative expenses | $119,189 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $119,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,040 |
| Savings and temporary cash investments | $5,150 |
| Net Accounts receivable | $420 |
| 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 | $985,893 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $732,670 |
| Other assets | $0 |
| Total assets | $2,112,173 |
| 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, Wize Foundation has awarded $550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: DONATION | $500 |
MAHABODHI SOCIETY OF USA PURPOSE: DONATION | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |