Recare Foundation
- Assets
- $2.0m
- Revenue
- $78.7k
- Investments
- $2.0m
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 91-2163535
Organization Overview
Recare Foundation is located in Sunnyvale, CA. The organization was established in 2004. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recare 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 12/2021, Recare Foundation generated $78.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $170.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION IN THE DOMAINS OF TECHNOLOGY, SCIENCE AND MEDICINE AIMED AT BETTERING THE WELL-BEING OF PEOPLE, ESPECIALLY UNDERPRIVILEGED CHILDREN, INCLUDING RELATED ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond T Yan Vp/secretary/treasurer | 4 | $0 | |
Eunice T Yan President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $60,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,417 |
| Capital Gain Net Income | $18,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15 |
| Taxes | $1,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,226 |
| Total operating and administrative expenses | $169,248 |
| Contributions, gifts, grants paid | $1,300 |
| Total expenses and disbursements | $170,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,169 |
| 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 | $170,771 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,027,136 |
| 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, Recare Foundation has awarded $1,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZATIONS | $400 |
AMERICAN LUNG ASSOCIATION PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZATIONS | $300 |
Dallas, TX PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZATIONS | $300 |
AMERICAN CANCER SOCIETY PUBLIC PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZATIONS | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellcome Leap Inc Culver City, CA | $553,318,259 | $346,259,833 |
Wings For Life Usa - Spinal Cord Research Foundation Inc Santa Monica, CA | $6,609,538 | $4,978,629 |
Foundation For Research Carson City, NV | $164,068,419 | $4,402,154 |
Runx1 Foundation Santa Barbara, CA | $3,085,064 | $5,336,089 |
Psfc Santa Cruz, CA | $8,888,871 | $6,472,995 |
Kure It Inc Irvine, CA | $825,809 | $1,330,675 |
Harold Pump Foundation Sherman Oaks, CA | $580,879 | $1,396,694 |
The Weil Foundation Tucson, AZ | $2,417,436 | $1,895,509 |
Cancer Awareness Through Research And Education Association Carefree, AZ | $148,453 | $969,135 |
Shoot For A Cure North Hollywood, CA | $399,457 | $878,758 |
Arrowhead Regional Medical Center Foundation Colton, CA | $2,669,831 | $937,166 |
Castleman Disease Collaborative Network Paso Robles, CA | $2,064,859 | $788,631 |