Gracious Life Foundation EIN 27-0492667 Form 990 (PDF) Claim this org

Gracious Life Foundation FY2020 filing

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Supports children with leukemia and their families through awareness, aid, golf events, and research funding. For fiscal year 2020 it reported $204K in revenue, $207K in expenses, and $198K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Sunnyvale, CA
Website
www.birdieforall.org
Filings
5 on file (2020–2020)
Revenue
$204KFY2020
Expenses
$207K
Net assets
$198K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-0492667 Public charity (501(c)(3)) Sunnyvale, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Supports children with leukemia and their families through awareness, aid, golf events, and research funding.
Leadership
Weixing Chen · President & Sec
Money in and out
$204K revenue, $207K expenses
Bottom line
83% program efficiency
Where the money goes · FY2020
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$207K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs
Operating runway
14.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$204K
FY2020
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$207K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$261K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGracious Life Foundation
EINHdr · item D27-0492667
Principal addressHdr · item CSunnyvale, CA
WebsiteHdr · item Jwww.birdieforall.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G30)
Ruling yearIRS BMFDec 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & Sec
$0Pt VII · Sec A
CEO & Treasurer
$0Pt VII · Sec A
See Gracious Life Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $172K of program spending, described in the organization's own filed words · FY2020.
01

PROVIDE PROGRAM SERVICES AND DONATE PERSONAL PROTECTIVE EQUIPMENT AND MEDICAL SUPPLIES TO the following 22 top nationwide university-affiliated hospitals;Stanford University HospitalUniversity of BerkeleyUCLA HealthKeck Medical Center, University of Southern CaliforniaNYU HospitalGlobal Health Initiatives,Weill Cornell MedicineThe…

$106Kprogram expense
02

Donate personal protective equipment and medical supplies to los angeles campus of the university

$60Kprogram expense
03

PROVIDE PROGRAM SERVICES AND DONATE PERSONAL PROTECTIVE EQUIPMENT AND MEDICAL SUPPLIES TO the following 51 Sillicon Valley/NorCal local essential worker services/facilities;St Francis Memorial Hospital / SF General HospitalBenicia Unified School District Jordan Valley Medical CenterSan Ramon city hallGlen Cove Post OfficeCal Maritime…

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants105%$214K
Total revenueLn 12$204K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$172K
Management & general17%$35K
Total functional expensesLn 25$207K

Balance Sheet

Part X · end of year
CashLn 1$255K
Total assetsLn 16$261K
Total liabilitiesLn 26$63K
Total net assetsLn 32$198K
Months of cash on handcomputed14.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $255K · Operating expenses/yr $207K
14.8 months
Where the money goes
Program services
Program services $172K · Total expenses $207K
83%
Management & General
Management & general $35K · Total expenses $207K
17%
Fundraising
Fundraising $0 · Total expenses $207K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $214K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $214K · Total revenue $204K
105%
Government reliance
Government grants — · Total revenue $204K
Earned-income share
Program service revenue $0 · Total revenue $204K
0%
Investment reliance
Investment income $-10K · Total revenue $204K
-5%
Program self-sufficiency
Program service revenue $0 · Total expenses $207K
0%
Growth & trend
Revenue growth (YoY)
This year $204K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $198K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $204K · Expenses $207K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $261K
Net-asset ratio
Net assets $198K · Total assets $261K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $261K
0%
People & payroll
Highest Reported Total Compensation
Individual Weixing Chen · Reported title President & Sec · Highest reported compensation $0 · Total expenses $207K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $207K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$18K

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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)$26K revenue · ⤓ 990 PDF
FY2023$21K revenue · ⤓ 990 PDF
FY2022$39K revenue · ⤓ 990 PDF
FY2021$49K revenue · ⤓ 990 PDF
FY2020$204K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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