Silver Lake W&c Foundation
- Assets
- $115.9k
- Revenue
- $4.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2586580
Organization Overview
Silver Lake W&c Foundation is located in Richmond, TX. The organization was established in 2015. 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. Silver Lake W&c 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 12/2022, Silver Lake W&c Foundation generated $4.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $6.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH CONTRIBUTION TO SECOND BAPTIST CHURCH
CASH CONTRIBUTION TO FOSTER HIGH SCHOOL
CASH CONTRIBUTION TO CHINESE CHRISTIAN MISSION
CASH CONTRIBUTION TO ADOLPHUS ELEMENTARY SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gangqiang Wang President | 0 | $0 | |
Huiqiong Chen CEO | 0 | $0 | |
Juncen Wang Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $0 |
| Net Rental Income | -$349 |
| 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 | $4,259 |
| 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 | $387 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $309 |
| Total operating and administrative expenses | $1,236 |
| Contributions, gifts, grants paid | $5,608 |
| Total expenses and disbursements | $6,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,669 |
| Savings and temporary cash investments | $103,006 |
| 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 | $9,239 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $115,914 |
| Accounts payable and accrued expenses | $2,140 |
| 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 | $2,140 |
Grants Awarded
Over the last fiscal year, Silver Lake W&c Foundation has awarded $5,608 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND BAPTIST CHURCH PURPOSE: CHURCH MISSIONARY | $4,025 |
FOSTER HIGH SCHOOL PURPOSE: SCHOOL FUND | $608 |
ADOLPHUS ELEMENTARY SCHOOL PURPOSE: SCHOOL FUND | $375 |
CHINESE CHRISTIAN MISSION PURPOSE: CHRISTIAN MISSIONARY | $500 |
AMERICAN HEART ASSOCIATION PURPOSE: DONATION | $100 |