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Jao Foundation EIN 20-0114436 Form 990 (PDF) Claim this org

Jao Foundation

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A private foundation based in Huntington Beach, CA. It reported about $275K in revenue for 2024. For fiscal year 2024 it reported $275K in revenue, $335K in expenses, and $1.0M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Huntington Beach, CA
Filings
5 on file (2020–2024)
Revenue
$275KFY2024
Expenses
$335K
Net assets
$1.0M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0114436 Private foundation / grantmaker Huntington Beach, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Huntington Beach, CA. It reported about $275K in revenue for 2024.
Leadership
Frank Jao · President & CEO
Money in and out
$275K revenue, $335K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$335K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$60K
Total assets
1.0M
deployed as grants and operations
Grants paid
300K
in FY2024
Grants made
11grants
total in period
Payout rate
30%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 11 grants · $300K · 2024–2024
Harvard University EducationFY2024$200,000
Temple FoundationFY2024$60,000
Uci FoundationFY2024$25,000
Ca State Univ Long BeachFY2024$5,000
Westminster Chamber of CommerceFY2024$2,500
Special Olympics Southern CaliforniFY2024$2,500
Vietnamese American Unif Ser Assn VFY2024$2,000
Asian American Senior CitizensFY2024$2,000
Vietnamese Christian BroadcastFY2024$1,000
Rotary of WestminsterFY2024$250
Westminster Police Officers AssociaFY2024$250

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$27K
Median grantPart XV$2K
Largest grantPart XV$200K

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$275K
FY2024▼ -29%
Expenses
$335K
FY2024▲ +106%
Total assets
$1.0M
FY2024▼ -6%
Total liabilities
$110
FY2024
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$335K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Total assetsPt II$1.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJao Foundation
EINHdr · item D20-0114436
Principal addressHdr · item CHuntington Beach, CA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFSep 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Frank Jao
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Lyna N Le
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$267K · 97%
Other revenue$8K · 3%
Contributions & grants97%$267K
Other revenue3%$8K
Total revenueLn 12$275K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.90 Operating & administrative $0.10
Grants & contributions paid90%$300K
Operating & administrative10%$34K
Total functional expensesLn 25$335K

Balance Sheet

Part X · end of year
CashLn 1$501K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$110
Total net assetsLn 32$1.0M
Months of cash on handcomputed18.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $275K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $275K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $275K · Prior year $386K
-29%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $275K · Expenses $335K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Frank Jao · Reported title President & CEO · Highest reported compensation $0 · Total expenses $335K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -29%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$275K revenue · viewing · ⤓ 990 PDF
FY2023$386K revenue · ⤓ 990 PDF
FY2022$400K revenue · ⤓ 990 PDF
FY2021$400K revenue · ⤓ 990 PDF
FY2020$682 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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