Xelay Foundation
- Assets
- $1.7m
- Revenue
- $212.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-0846134
Organization Overview
Xelay Foundation is located in San Mateo, CA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Xelay 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 12/2023, Xelay Foundation generated $212.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $213.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Xelay Foundation has awarded 92 individual grants totaling $633,585. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAMS (13 ORGANIZATIONS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Yang Board Of Directors | 3 | $0 | |
Elaine Chen Director | 1 | $0 | |
Diana Chang Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,703 |
| Capital Gain Net Income | $167,703 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,001 |
| Total Revenue | $212,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $370 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,929 |
| Printing and publications | $0 |
| Other expenses | $19,875 |
| Total operating and administrative expenses | $32,699 |
| Contributions, gifts, grants paid | $180,470 |
| Total expenses and disbursements | $213,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,983 |
| 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 | $1,671,192 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,706 |
| Total assets | $1,701,881 |
| 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, Xelay Foundation has awarded $180,470 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF CHICAGO PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $75,000 |
XELAY FOUNDATION ACADEMIC SCHOLARSHIP 2023-2024 PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $12,500 |
MIT ALUMNI ASSOCIATION PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $40,000 |
XELAY FOUNDATION COLLEGIATE TENNIS SCHOLARSHIP 2023-2024 PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $4,390 |
ODYSSEY PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $4,210 |
SILICON VALLEY TSINGHUA NETWORK PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $750 |