Rainbow Education Science & Technology Foundation
- Assets
- $719.1k
- Revenue
- $19.2k
- Investments
- $483.6k
- Employees
- 0
- Location
- Gilroy, CA
- Founding
- 01/2004
- Data as of
- 09/2023
- EIN
- 52-2406978
Organization Overview
Rainbow Education Science & Technology Foundation is located in Gilroy, CA. The organization was established in 2004. 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. Rainbow Education Science & Technology 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 09/2023, Rainbow Education Science & Technology Foundation generated $19.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $33.2k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hui-Hsien Debbie Fu Treasurer | 25 | $19,683 | |
Yuhong Zhou President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $8,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,014 |
| Capital Gain Net Income | $11,014 |
| Net ST Capital Gain | $11,014 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,683 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $570 |
| Interest | $2 |
| Taxes | $1,844 |
| Depreciation | $709 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,721 |
| Total operating and administrative expenses | $27,179 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $33,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,614 |
| Savings and temporary cash investments | $198,817 |
| 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 | $1,034 |
| Other assets | $0 |
| Total assets | $719,081 |
| 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 | $8,952 |
| Total liabilities | $8,952 |
Grants Awarded
Over the last fiscal year, Rainbow Education Science & Technology Foundation has awarded $6,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CA STATE UNIVERSITY FULLERTON PURPOSE: DONATION | $500 |
KQED PURPOSE: DONATION | $50 |
TZU CHI FOUNDATION PURPOSE: DONATION | $1,000 |
CARNEGIE MELLON UNIVERSITY PURPOSE: DONATION | $2,500 |
HEBRON BAND PURPOSE: DONTAION | $350 |
HSILAI TEMPLE PURPOSE: DONATION | $500 |