75 Foundation
- Assets
- $565.1k
- Revenue
- $139.0k
- Investments
- $66.5k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-3473986
Organization Overview
75 Foundation is located in San Jose, CA. The organization was established in 2014. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. 75 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 06/2023, 75 Foundation generated $139.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $16.9k during the year ending 06/2023. 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
WE IDENTIFIED THAT VALLEY CHRISTIAN SCHOOL (VALLEY CHRISTIAN SCHOOL 100 SKYWAY DRIVE SAN JOSE CA 95111) HAS STRONG APPLIED MATH, SCIENCE, AND ENGINEERING (AMSE) PROGRAMS AND BEI PROGRAMS (BUSINESS, ENTREPRENEURSHIP, & INNOVATION) FOR 6-12 GRADE STUDENTS. HOWEVER, THEY ONLY SERVED A SMALL PORTION OF STUDENTS. THE 75 FOUNDATION CONTRIBUTED $5000 TO THE AMSE AND BEI PROGRAMS SO THAT MORE MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS HAVE OPPORTUNITIES TO PARTICIPATE IN THE PROGRAMS TO LEARN AND ENHANCE THEIR SCIENCE, TECHNOLOGY, ENGINEERING, MATH, AND PUBLIC SPEAKING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jiangfeng Wu President & CEO | 12 | $0 | |
Hai Qi Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,667 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,969 |
| Net Rental Income | $393 |
| Net Gain on Sale of Assets | $119,807 |
| Capital Gain Net Income | $119,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$66 |
| Total Revenue | $139,043 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $182 |
| Depreciation | $2,172 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,118 |
| Total operating and administrative expenses | $11,945 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $16,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,453 |
| 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 | $2,161 |
| Other assets | $0 |
| Total assets | $565,082 |
| 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, 75 Foundation has awarded $900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LELAND HIGH SCHOOL PURPOSE: TO SUPPORT THE SPEECH AND DEBATE PROGRAM BY RESEARCHING, SECURING, AND MAINTAINING EQUIPMENT AND MATERIALS NECESSARY FOR THE PROGRAM. | $800 |
KHAN ACADEMY PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $100 |