Gabc Family Foundation
- Assets
- $499.2k
- Revenue
- $153.5k
- Investments
- $280.3k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- Data as of
- 10/2023
- EIN
- 84-3744929
Organization Overview
Gabc Family Foundation is located in San Jose, CA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Gabc Family 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 10/2023, Gabc Family Foundation generated $153.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $28.4k during the year ending 10/2023. 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 |
|---|---|---|---|
Shyue-Wei Chiang President & CEO | 1 | $0 | |
Yun-Hsiang Chai Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $134,190 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $1,351 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $28,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,859 |
| 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 | $499,165 |
| 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, Gabc Family Foundation has awarded $27,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RIVER OF LIFE CHRISTIAN CHURCH PURPOSE: SO EASY AT THIS CORNER OF OUR CHURCH! LOVING PEOPLE IS SO SIMPLE WHEN YOU COME AND REACH OUT YOUR HANDS TO BLESS THEM AFTER CHURCH ON SUNDAY! | $22,000 |
CHRISTIAN WITNESS THEOLOGICAL SEMIN PURPOSE: TO EQUIP BIBLICALLY COMPETENT, SPIRITUALLY MATURE, THEOLOGICALLY PROFICIENT AND MISSIONALLY MINDED SERVANT-LEADERS WHO PROCLAIM JESUS CHRIST AND BUILD UP THE BODY OF CHRIST THROUGH EFFECTIVE MINISTRY IN CHINESE CHURCHES AND CHRISTIAN ORGANIZATIONS WORLDWIDE. | $5,000 |