P & Y Foundation EIN 84-3666348

P & Y Foundation

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Connects Asian arts with US communities through cultural exchange. For fiscal year 2024 it reported $256K in revenue, $296K in expenses, and $41K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
San Francisco, CA
Filings
3 on file (2022–2024)
Revenue
$256KFY2024
Expenses
$296K
Net assets
$41K
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  84-3666348 Public foundation / grantmaker San Francisco, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects Asian arts with US communities through cultural exchange.
Leadership
Yangtian Sun · CEO
Money in and out
$256K revenue, $296K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2024
Total revenue
$256K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate▼ -84% vs prior filing year
Surplus margin
-16%
revenue over expenses, this year▼ -238% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$256K
FY2024▼ -28%
Expenses
$296K
FY2024▼ -6%
Total assets
$123K
FY2024▲ +52%
Total liabilities
$82K
FY2024
Total revenue
$256K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$123K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $296K of program spending, described in the organization's own filed words · FY2024.
01

Community-based cultural and educational programs, including nonprofit stand-up comedy performances and related events, are aimed at promoting mental health awareness, cultural engagement, and community well-being.

$296Kprogram expense
02

No additional separate program services conducted during the tax year.

Pt IX · col B
03

No additional separate program services conducted during the tax year.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CP & Y Foundation
EINHdr · item D84-3666348
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFAug 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$191K · 74%
Program service revenue$66K · 26%
Contributions & grants74%$191K
Program service revenue26%$66K
Total revenueLn 12$256K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$296K
Total functional expensesLn 25$296K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$123K
Total liabilitiesLn 26$82K
Total net assetsLn 32$41K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses/yr $296K
0.5 months
Where the money goes
Program services
Program services $296K · Total expenses $296K
100%
Management & General
Management & general $0 · Total expenses $296K
0%
Fundraising
Fundraising $0 · Total expenses $296K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $153K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $191K · Total revenue $256K
74%
Government reliance
Government grants $0 · Total revenue $256K
0%
Earned-income share
Program service revenue $66K · Total revenue $256K
26%
Investment reliance
Investment income $0 · Total revenue $256K
0%
Program self-sufficiency
Program service revenue $66K · Total expenses $296K
22%
Growth & trend
Revenue growth (YoY)
This year $256K · Prior year $355K
-28%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $256K · Expenses $296K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $123K
Net-asset ratio
Net assets $41K · Total assets $123K
33%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $123K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Yangtian Sun · Reported title CEO · Highest reported compensation $0 · Total expenses $296K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $296K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -28%

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$240K

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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)$256K revenue · viewing · ⤓ 990 PDF
FY2023$355K revenue · ⤓ 990 PDF
FY2022$116K 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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