George C Huangand Margaret J Huang Charitable Foundation
- Assets
- $779.7k
- Revenue
- -$10.6k
- Investments
- $769.3k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 77-0472104
Organization Overview
George C Huangand Margaret J Huang Charitable Foundation is located in Los Altos, CA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. George C Huangand Margaret J Huang Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR CHARITABLE ORGANIZATIONS BENEFITTING THE COMMUNITY, INCLUDING RELATED ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret J Huang Treasurer/cfo/secretary | 4 | $0 | |
Dwight Huang President/ceo | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $14,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,422 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14 |
| Total Revenue | -$10,634 |
| 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 | $10 |
| Total operating and administrative expenses | $5,210 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $17,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,402 |
| 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 | $779,652 |
| 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, George C Huangand Margaret J Huang Charitable Foundation has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BULLIS PURISSIMA ELEMENTARY SCHOOL FOUNDATION PURPOSE: TO SUPPORT BULLIS CHARTER SCHOOL'S GOAL OF PROVIDING A WELL-ROUNDED EDUCATION | $10,000 |
NEW HOPE CHINESE CANCER CARE FOUNDATION PURPOSE: TO SUPPORT CHINESE CANCER PATIENTS AND FAMILIES. | $2,000 |