Wang Family Foundation
- Assets
- $312.0k
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Naperville, IL
- Founding
- Data as of
- 05/2024
- EIN
- 87-1562172
Organization Overview
Wang Family Foundation is located in Naperville, IL. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Wang 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 05/2024, Wang Family Foundation generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.0%) each year. All expenses for the organization totaled $27.2k during the year ending 05/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIZI AND XIAO(CHINESE BAMBOO FLUTE & XIAO) PERFORMANCE IN FOUNDATION WEBSITE WWW.FARSIGHTFOUNDATIONIL.ORG YOUTUBE CHANNEL.OVER HUNDRED VIEWS
GUZHENG (CHINESE ZITHER) PERFORMANCE IN FOUNDATION WEBSITE WWW.FARSIGHTFOUNDATIONIL.ORG YOUTUBE CHANNEL.OVER HUNDRED VIEWS
PIPA (CHINESE GUITAR)PERFORMANCE IN FOUNDATION WEBSITE WWW.FARSIGHTFOUNDATIONIL.ORG YOUTUBE CHANNEL.ABOUT A HUNDRED VIEWS.
GUZHENG (CHINESE ZITHER) PERFORMANCE IN WOODRIDGE IDES EAST PARK, IL60517. 11 PERSONS ATTENDED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Wang President | 1 | $0 | |
Xiaoli Jiang Secretary | 6 | $12,000 | |
Zhibi Wang Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,895 |
| 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 | $1,068 |
| Total Revenue | $11,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,000 |
| Interest | $0 |
| Taxes | $2,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,671 |
| Total operating and administrative expenses | $27,159 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $27,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,989 |
| 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 | $311,989 |
| 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 | $29,032 |
| Total liabilities | $29,032 |