Alice & Jp Wang Foundation
- Assets
- $7.3m
- Revenue
- $505.5k
- Investments
- $6.4m
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 80-0321637
Organization Overview
Alice & Jp Wang Foundation is located in Huntington Beach, CA. The organization was established in 2009. 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. Alice & Jp Wang 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, Alice & Jp Wang Foundation generated $505.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $189.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alice & Jp Wang Foundation has awarded 144 individual grants totaling $1,463,897. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Wang CEO | 0 | $0 | |
J P Wang Secretary | 0 | $0 | |
Dennis Wang CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $619,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$145,928 |
| Capital Gain Net Income | $31,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $505,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,287 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,694 |
| Total operating and administrative expenses | $36,981 |
| Contributions, gifts, grants paid | $152,377 |
| Total expenses and disbursements | $189,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,929 |
| Savings and temporary cash investments | $251,926 |
| 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 | $7,298,658 |
| 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, Alice & Jp Wang Foundation has awarded $152,377 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
CERRITOS COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $15,000 |
EAST LOS ANGELES COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $3,000 |
GLENDALE COLLEGE FOUNDATION PURPOSE: STUDENT SCHOLARSHIP | $23,000 |
LONG BEACH COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $3,000 |
LOS ANGELES PIERCE COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $3,000 |
MOORPARK COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $19,000 |