Green Ocean Foundation
- Assets
- $2.1m
- Revenue
- $417.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 08/2017
- Data as of
- 02/2024
- EIN
- 82-0832382
Organization Overview
Green Ocean Foundation is located in Cupertino, CA. The organization was established in 2017. 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. Green Ocean 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 02/2024, Green Ocean Foundation generated $417.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $94.4k during the year ending 02/2024. 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 |
|---|---|---|---|
Yuan Ning Tseng President & CEO | 4 | $0 | |
Shih Chang Chang Secretary & CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $297,393 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,167 |
| Capital Gain Net Income | $84,167 |
| Net ST Capital Gain | $84,167 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $417,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $630 |
| Depreciation | $4,741 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $41,098 |
| Printing and publications | $0 |
| Other expenses | $42,519 |
| Total operating and administrative expenses | $91,383 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $94,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,826 |
| Savings and temporary cash investments | $197,927 |
| 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 | $18,810 |
| Other assets | $3,549 |
| Total assets | $2,141,895 |
| 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 | $14,656 |
| Total liabilities | $14,656 |
Grants Awarded
Over the last fiscal year, Green Ocean Foundation has awarded $92,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE INTERNET PURPOSE: TO ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT. | $2,750 |
CHANG TSENG FAMILY FOUNDATION PURPOSE: TO PROVIDE FINANCIAL RELIEF TO THE POOR. THE DISTRESSED AND UNDERPRIVILEGED; SUPPORT ADVANCEMENT OF EDUCATION AND SCIENCE; SUPPORT UNIVERSITIES, SCHOOLS, LIBRARIES, CHURCHES, TEMPLES AND OTHER PLACES OF GENERAL PUBLIC BENEFIT. | $90,000 |