Nrc Foundation
- Assets
- $131.0k
- Revenue
- $51.8k
- Investments
- $55.2k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2939763
Organization Overview
Nrc Foundation is located in San Jose, 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. Nrc 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 12/2023, Nrc Foundation generated $51.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $55.5k during the year ending 12/2023. 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
BE THE CHANGE FOUNDATION TO SUPPORT YOUNG GENERATIONS TO REACH THEIR FULLEST POTENTIAL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuanrui Zhang CEO | 20 | $0 | |
Lian Duan CFO | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $179 |
| Dividends & Interest | $614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,968 |
| Capital Gain Net Income | $50,968 |
| Net ST Capital Gain | $50,968 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,275 |
| Taxes | $2,803 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,329 |
| Printing and publications | $50 |
| Other expenses | $14,903 |
| Total operating and administrative expenses | $42,000 |
| Contributions, gifts, grants paid | $13,499 |
| Total expenses and disbursements | $55,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,791 |
| 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 | $130,983 |
| Accounts payable and accrued expenses | $76,873 |
| 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 | $76,873 |
Grants Awarded
Over the last fiscal year, Nrc Foundation has awarded $13,499 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: FINANCIAL SUPPORT | $5,000 |
THE UCLA FOUNDATION PURPOSE: DONATION | $5,000 |
UNIVERSITY ALASKA FOUNDATION PURPOSE: DONATION | $2,000 |
TOM MATSUMOTO SCHOOL PURPOSE: DONATION | $855 |
NEW CHILDREN MUSEUM PURPOSE: DONATION | $64 |
MATH LEAGUE PURPOSE: DONATION | $120 |