Red Hippo Foundation
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $1.6m
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- Data as of
- 09/2024
- EIN
- 85-3765594
Organization Overview
Red Hippo Foundation is located in Cupertino, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Red Hippo 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 09/2024, Red Hippo Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $103.2k during the year ending 09/2024. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jun Chang President & CEO | 1 | $0 | |
Shih Chang Chang Secretary & CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,006,437 |
| Capital Gain Net Income | $1,006,437 |
| Net ST Capital Gain | $1,006,437 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,035,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $116 |
| Depreciation | $7,153 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $43,418 |
| Printing and publications | $0 |
| Other expenses | $46,830 |
| Total operating and administrative expenses | $100,176 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $103,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,977 |
| 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 | $32,258 |
| Other assets | $0 |
| Total assets | $2,204,378 |
| 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 | $11,549 |
| Total liabilities | $11,549 |
Grants Awarded
Over the last fiscal year, Red Hippo Foundation has awarded $63,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDES CHILDRENS RESEARCH HOSPITA PURPOSE: TO FIND CURES FOR CHILDREN WITH CANCER AND OTHER CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT. IT IS SUPPORTED PRIMARILY BY DONATIONS RAISED BY ALSAC. RESEARCH EFFORTS ARE DIRECTED AT UNDERSTANDING THE MOLECULAR, GENETIC AND CHEMICAL BASES OF CATASTROPHIC DISEASES IN CHILDREN; IDENTIFYING CURES FOR SUCH DISEASES; AND PROMOTING THEIR PREVENTION. RESEARCH IS FOCUSED SPECIFICALLY ON CANCERS, SOME ACQUIRED AND INHERITED IMMUNODEFICIENCYS, SICKLE CELL DISEASE, INFECTIOUS DISEASES AND GENETIC NATIONAL PARK FOUNDATION. | $3,000 |
GREEN OCEAN FOUNDATION PURPOSE: TO SUPPORT ADVANCEMENT OF EDUCATION, SCIENCE AND MUSIC. TO DEVELOP AND EXPAND A VARIETY OF PHILANTHROPIC MISSIONS FOR THE GENERAL PUBLIC. TO SUPPORT CHURCHES, UNIVERSITIES, SCHOOLS, LIBRARIES, LOCAL COMMUNITY EVENTS AND OTHER PLACES OF GENERAL PUBLIC BENEFIT. TO SUPPORT EFFORTS TO CREATE AND IMPROVE OPPORTUNITIES FOR CHILDREN AND THE ELDERLY. | $60,000 |