Laozhuang Foundation Inc
- Assets
- $188.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia, TX
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 61-1502305
Organization Overview
Laozhuang Foundation Inc is located in Magnolia, TX. The organization was established in 2006. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laozhuang Foundation Inc 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, Laozhuang Foundation Inc generated $10.6k 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 (9.1%) each year. All expenses for the organization totaled $6.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ACTIVITIES OF LAOZHUANG FOUNDATION, INC. ARE TWO-FOLD. ONE IS TO PROMOTE THE AWARENESS AND UNDERSTANDING OF ANCIENT EASTERN PHILOSOPHIES IN THE COMMUNITY; THE OTHER IS TO SUPPORT OTHER TAX-EXEMPT NON-PROFIT ORGANIZATIONS WHOSE PURPOSES ARE FOR THE ADVANCEMENT OF HUMANITY, RELIGION, AND EDUCATION IN GENERAL AND IN THE ANCIENT EASTERN PHILOSOPHIES IN PARTICULAR. WE HOST ONLINE AND IN-PERSON CLASSES. THERE ARE ABOUT 100 PARTICIPANTS THAT BENEFIT FROM THESE CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Chou President | 4 | $0 | |
John Huang Secretary | 20 | $0 | |
Techang J Huang Treasurer | 20 | $0 | |
Wentsung Chen Director | 4 | $0 | |
Shiang-Hua Lin Director | 4 | $0 | |
Shwu-Liang Hsieh Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,613 |
| Membership dues | $9,012 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,645 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,583 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,106 |
| Total expenses | $6,689 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $183,783 |
| Other assets | $0 |
| Total assets | $188,377 |
| Total liabilities | $172 |
| Net assets or fund balances | $188,205 |