X&w Foundation
- Assets
- $3.2m
- Revenue
- $38.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 47-2519144
Organization Overview
X&w Foundation is located in Burlingame, CA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. X&w 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, X&w Foundation generated $38.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $155.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, X&w Foundation has awarded 56 individual grants totaling $274,110. 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
COMMUNITY ASSISTANCE PROGRAMS FOR HEALTH, TECHNOLOGY AND EDUCATIONAL RELATED PROGRAMS INCLUDING RELATED ADMINISTRATIVE EXPENSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xi Yang President | 4 | $0 | |
Wei Liu Secretary/treas | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38,287 |
| 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 | $0 |
| Total Revenue | $38,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145 |
| Total operating and administrative expenses | $42,377 |
| Contributions, gifts, grants paid | $113,382 |
| Total expenses and disbursements | $155,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,225,300 |
| 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 | $3,225,300 |
| 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 | $20,798 |
| Total liabilities | $20,798 |
Grants Awarded
Over the last fiscal year, X&w Foundation has awarded $113,382 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BURLINGAME LIBRARY FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
CALIFORNIA FRATERNAL ORDER OF POLIC PURPOSE: CHARITABLE CONTRIBUTION | $100 |
CALIFORNIA POLICE YOUTH CHARITIES PURPOSE: CHARITABLE CONTRIBUTION | $100 |
CURIODYSSEY PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
DALY CITY DOLPHINS AQUATICS ASSOCIA PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
DIGDEEP RIGHT TO WATER PROJECT PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |