Developing leaders through innovative philanthropy.

501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $27K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
43 mo
of spending, in cash
Looks good: 43.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $37K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49K
Spent
$77K
To programs
40%
Net assets
$255K
By yearFY2020–FY2024
Revenue
$49K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$49K
FY2021$147K
FY2022$400K
FY2023$540K
FY2024$316K
Expenses
$77K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$104K
FY2022$336K
FY2023$448K
FY2024$352K
Net assets
$255K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$255K
FY2021$299K
FY2022$363K
FY2023$455K
FY2024$419K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $31K Management & general 45% · $34K Fundraising 15% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director/Co-Fou
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Project by Project executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Cultivates leaders by funding innovative projects and initiatives.

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Provided by the organization

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1 program · $31K · in their own filed words · FY2020
01

To serve other community based organizations in need by raising public awareness, vounteerism and capital.

$31Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$37K
See all 3 funders →
Grants paid · 5 grants · $38K · 2020–2022
Individual RecipientFY2022$8,000
Asianweek FoundationCA · FY2022$8,000
VaccebCA · FY2020$8,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$49K
Ln 12
Gifts and grantsLn 1h$37K
Other incomeLn 4–11$12K
Investment incomeLn 3$11
Money outPt IX
$77K
Ln 25
Programscol B$31K
Managementcol C$34K
Fundraisingcol D$12K
Owns and owesPt X
$255K
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$276K
LiabilitiesLn 26$21K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Government grantsLn 1e$4K
Investment incomeLn 3$11
Other incomeLn 4–11$12K
Gains on assetsLn 7$0
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$232K
SavingsLn 2$44K
Cash and savings togetherLn 1–2$276K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$276K
LiabilitiesLn 26$21K
Net assetsLn 32$255K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6110
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$301K$276K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$301K$276K
LiabilitiesLn 26$23K$21K
Net assetsLn 32$278K$255K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$31K$31K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$560$560
Other expenses (24a–d)Ln 24$41K$29K$12K
All other expensesLn 24e$159$159
Total functional expensesLn 25$77K$31K$34K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $316K$352K−$36K$419K 990 PDF
FY2023 $540K$448K$92K$455K 990 PDF
FY2022 $400K$336K$64K$363K 990 PDF
FY2021 $147K$104K$44K$299K 990 PDF
FY2020 Viewing $49K$77K−$28K$255K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $48,737 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,744$36,965
I-9 Program service revenue$0
I-10 Investment incomePrior year $22$11
I-11 Other revenuePrior year $119,805$11,761
I-12 Total revenuePrior year $174,571$48,737
I-13 Grants and similar amounts paidPrior year $42,000$31,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $106,279$46,080
I-18 Total expensesPrior year $148,279$77,080
I-19 Revenue less expensesPrior year $26,292−$28,343
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $48,737 across 10 lines filed
VIII-1b Membership dues$2,660
VIII-1e Government grants$3,920
VIII-1f All other contributions, gifts and grants$30,385
VIII-1h Total contributions, gifts and grants$36,965
VIII-3 Investment incomeRelated to mission $11$11
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$11,761
VIII-12 Total revenueRelated to mission $11$48,737
Part IX · Statement of functional expenses $77,080 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $31,000$31,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,000$2,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $1,164$1,164
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,300$1,300
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $560$560
IX-24 Other expenses (24a–d)Management $29,224 · Fundraising $11,673$40,897
IX-24e All other expensesManagement $159$159
IX-25 Total functional expensesPrograms $31,000 · Management $34,407 · Fundraising $11,673$77,080
Part X · Balance sheet $276,265 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $257,209$231,988
X-2 Savings and temporary cash investmentsStart of year $44,265$44,277
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1$0
X-16 Total assetsStart of year $301,475$276,265
X-17 Accounts payable and accrued expensesStart of year $951$3,850
X-18 Grants payableStart of year $22,250$17,000
X-26 Total liabilitiesStart of year $23,201$20,850
X-27 Net assets without donor restrictionsStart of year $271,774$248,915
X-28 Net assets with donor restrictionsStart of year $6,500$6,500
X-32 Total net assets or fund balancesStart of year $278,274$255,415
X-33 Total liabilities and net assetsStart of year $301,475$276,265
Part XI · Reconciliation of net assets $255,415 net assets at year end
XI-1 Total revenue$48,737
XI-2 Total expenses$77,080
XI-3 Revenue less expenses−$28,343
XI-4 Net assets at start of year$278,274
XI-8 Prior period adjustments$5,484
XI-10 Net assets at end of year$255,415

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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