Kaitai Usa Foundation
- Assets
- $770.7k
- Revenue
- $15.5k
- Investments
- $748.4k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 08/2014
- Data as of
- 11/2023
- EIN
- 46-4378448
Organization Overview
Kaitai Usa Foundation is located in Cupertino, CA. The organization was established in 2014. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaitai USA 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 11/2023, Kaitai USA Foundation generated $15.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $46.0k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kaitai USA Foundation has awarded 32 individual grants totaling $183,731. 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 KAITAI USA FOUNDATION COOPERATES WITH THE HERALD FAMILY REBUILDING CENTER, A NONPROFIT ORGANIZATION FOUNDED IN 2000, TO HELP ASIAN FAMILIES SOLVE THEIR DIFFICULTIES, INCLUDING PARENTAL SKILLS AND POVERTY ALLEVIATION. TOGETHER WE PROVIDE MANY SERVICES, SUCH AS EDUCATION SEMINARS AND CONSULTATIONS.
THE KAITAI USA FOUNDATION CONTINUES TO WORK WITH THE SHINSHIN EDUCATION FOUNDATION TO PROVIDE FINANCIAL ASSISTANCE AND VOLUNTEER SERVICES TO RENOVATE SCHOOLS IN REMOTE RURAL AND NEGLECTED POOR AREAS. KAITAI HAS ESTABLISHED NEW LIBRARIES/BOOK CORNERS, COMPLETED THE ONE-PERSON-ONE-BOOK PLAN, AND PROVIDED EDUCATION MATERIAL AND COMPUTERS EQUIPMENT FOR THE LIBRARIES AND DISTANCE LEARNING. IN ADDITION TO PROVIDING FUNDING, THE FOUNDATION IS ACTIVELY INVOLVED IN PROJECT PLANNING AND DECISION MAKING.
THE KAITAI USA FOUNDATION AND SILVER LINING FOUNDATION JOINTLY RAISED FUNDS TO HELP POOR ETHNIC MINORITIES IN REMOTE AREAS. KAITAI CONTINUES TO PROVIDE REHABILITATION AND EDUCATION FOR NEEDY CHILDREN WITH CEREBRAL PALSY AND TO PROVIDE EMPLOYMENT FOR YOUNG PEOPLE AND WOMEN WITH DISABILITIES. IN RECENT YEARS, KAITAI'S HAVE BEEN EXTENDED ITS PROGRAM SERVICES TO MYANMAR AND VIETNAM. KAITAI AIMS TO HELP UNDER-PRIVILEGED PEOPLE TO OVERCOME POVERTY AND RESTORE THEIR DIGNITY AND HOPE. KAITAI EVENT MISSION STATEMENT: "YOUR LOVE CHANGES LIFE!"
THE KAITAI USA FOUNDATION COOPERATES WITH RIVER OF LIFE FOUNDATION, A 501(C)(3) CHARITABLE ORGANIZATION DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR PEOPLE ACROSS THE BAY AREA BY PROVIDING FOOD, SUPPLIES, AND EDUCATION TO TRANSFORM COMMUNITIES IN NEED. ALSO, KAITAI PARTICIPATED THE 'LOVE TO AFRICA'PROGRAM TO BRING JOY TO THE CHILDREN OF AFRICA BY GIVING THEM CHRISTMAS GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Chang CEO | 2 | $0 | |
Liru Chang CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,663 |
| Dividends & Interest | $693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,096 |
| Capital Gain Net Income | $4,096 |
| Net ST Capital Gain | $4,096 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $1,573 |
| Contributions, gifts, grants paid | $44,450 |
| Total expenses and disbursements | $46,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,079 |
| Savings and temporary cash investments | $216 |
| 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 | $770,650 |
| 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, Kaitai Usa Foundation has awarded $44,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: EDUCATIONAL | $15,000 |
BOSTON YOUTH SYMPHONY ORCHESTRAS PURPOSE: EDUCATIONAL | $2,100 |
GROTON SCHOOL PURPOSE: EDUCATIONAL | $25,000 |
COLUMBIA COLLEGE PURPOSE: EDUCATIONAL | $350 |
HARVARD MUSEUMS OF SCIENCE CULTURE PURPOSE: EDUCATIONAL | $2,000 |