Amy & Meng Foundation
- Assets
- $1.7m
- Revenue
- $978.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- Data as of
- 11/2023
- EIN
- 86-1404525
Organization Overview
Amy & Meng Foundation is located in Los Altos, CA. 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. Amy & Meng 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 11/2023, Amy & Meng Foundation generated $978.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $183.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATES TO PINEWOOD SCHOOL FOR SUPPORTING EDUCATION
BULLIS PURISSIMA ELEMENTARY SCHOOL FOUNDATION
AQUATICS BOOSTER CLUB
MAUI UNITED WAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meng Zhang CEO | 15 | $0 | |
Xiaojuan Qian CFO | 15 | $0 | |
Liexiong Zhang Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $832,957 |
| Interest on Savings | $144,972 |
| Dividends & Interest | $249 |
| 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 | $57 |
| Total Revenue | $978,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $39,153 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $57,827 |
| Printing and publications | $0 |
| Other expenses | $66,439 |
| Total operating and administrative expenses | $171,219 |
| Contributions, gifts, grants paid | $12,217 |
| Total expenses and disbursements | $183,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,754 |
| 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 | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,250,000 |
| Net Land, buildings, and equipment | $83,789 |
| Other assets | $0 |
| Total assets | $1,703,349 |
| Accounts payable and accrued expenses | $2,797 |
| 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 | $62,033 |
| Total liabilities | $64,830 |
Grants Awarded
Over the last fiscal year, Amy & Meng Foundation has awarded $12,217 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PINEWOOD SCHOOL PURPOSE: EDUCATION | $0 |
BULLIES PURISSIMA ELEMENTARY FOUNDATION PURPOSE: EDUCATION | $7,500 |
MAUI UNTIED WAY PURPOSE: PUBLIC CHARITY | $2,000 |
AQUATICS BOOSTER CLUB PURPOSE: SCIENCE | $2,500 |
CA ACAD OF SCIENCES PURPOSE: SCIENCE | $217 |