Formosa Foundation in Rosemead, California (CA)
Table of contents:
| Formosa Foundation | |
| Employer Identification Number (EIN) | 912148124 |
| Name of Organization | Formosa Foundation |
| In Care of Name | Terri Giles |
| Address | 3015 Walnut Grove Ave Ste A, Rosemead, CA 91770-2790 |
| Subsection | Educational Organization |
| Ruling Date | 01/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $85,071 |
| Amount of Income | $127,672 |
| Form 990 Revenue Amount | $74,949 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Peace and Security |
Non-representatives - add comments:
Amount of income in 2013: $127,672 (it was $261,753 in 2012)
| This organization: | $127,672 |
| Other organizations performing similar types of work: | $98,500 |
Assets in 2013: $85,071 (it was $193,347 in 2012)
| This organization: | $85,071 |
| Other organizations performing similar types of work: | $35,524 |
Expenses in 2013: $183,110
| This organization: | $183,110 |
| Other organizations performing similar types of work: | $94,693 |
Income to expenses ratio in 2013: 0.7
| Formosa Foundation: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 97.8%
| Formosa Foundation: | 97.8% |
| Other organizations performing similar types of work: | 97.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $104,786 | $74,949 | |
| Contributions, gifts, grants, and similar amounts received | $103,477 | $73,275 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $7,792 | $3,002 | |
| Gain/Loss from sale of assets other than inventory | $-6,483 | $-1,328 | |
| Gross amount from sale of assets other than inventory | $174 | $51,395 | |
| Less: cost or other basis and sales expenses | $6,657 | $52,723 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $272,897 | $183,110 | |
| Total net assets | $257,981 | $85,071 | |
| Excess/Deficit for the year | $-168,111 | $-108,161 | |
| Net assets or fund balances at beginning of year | $426,092 | $193,232 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $85,071 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $261,095 | $193,347 | $85,071 |
| Total liabilities | $3,114 | $115 | $0 |
| Net assets or fund balances | $257,981 | $85,071 | |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $725,827 |
| Subtotal Support | $725,827 |
| Gifts, grants, contributions, and membership fees received | $725,827 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $770,788 |
| Public Support | $725,827 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $46,289 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $-1,328 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The International Institute For Peace Foundation | 9000 Sunset Blvd, West Hollywood, CA 90069 | CA | 2013-08 | $1,485,841 |
| 2 | Center For Interdisciplinary Policy Educatoin & Research On Terrorism | 25 Montclair Terrace, San Francisco, CA 94109-1517 | CA | 2007-09 | $252,117 |
| 3 | Kids For Peace Inc | 3303 James Drive, Carlsbad, CA 92008 | CA | 2009-04 | $241,699 |
| 4 | Regeneration Inc, Regeneration Education | 29476 Lake Vista Dr, Agoura Hills, CA 91301-2818 | CA | 2007-05 | $141,213 |
| 5 | Global Dignity | 707 Wilshire Blvd, Los Angeles, CA 90017 | CA | 2014-04 | $65,892 |
| 6 | National Peace Academy | PO BOX 2024, San Mateo, CA 94401-0970 | CA | 2010-08 | $56,379 |
| 7 | American Friends Of The Jerusalem Conference | 5455 Wilshire Blvd 800, Los Angeles, CA 90036 | CA | 2009-05 | $41,955 |
| 8 | Sealnet Inc, Sali | 176 N Meridith Ave, Pasadena, CA 91106-2208 | CA | 2006-07 | $28,323 |
| 9 | The Peace Project From The Whole 9 Inc | 6101 Washington Blvd, Culver City, CA 90232 | CA | 2011-03 | $27,259 |
| 10 | Kamran Nazir Khan Educational Foundation | 277 Westridge Ave, Daly City, CA 94015 | CA | 2014-06 | $23,019 |
| 11 | San Diego-Wish Worldwide Initiative To Safeguard Humanity | 3750 Convoy St Ste 318, San Diego, CA 92111-3741 | CA | 2012-09 | $8,873 |
| 12 | Voice Of Peace Network | 7578 Trade St Ste B, San Diego, CA 92121 | CA | 2012-03 | $1,680 |
| 13 | Fields Of Jazz Foundation Inc | 1220 Rosecrans St, San Diego, CA 92106-2674 | CA | 2005-10 | $1 |
| 14 | One Spirit One World | 31515 Germaine, Westlake Village, CA 91361 | CA | 2003-05 | $1 |
| 15 | African Democracy Advancement Project | 476 Timberhead Lane, Foster City, CA 94404 | CA | 2013-08 | $0 |
| 16 | Another Mother For Peace Inc | 8950 West Olympic Blvd Box 194, Beverly Hills, CA 90211-3575 | CA | 2006-01 | $0 |
| 17 | Backtogether Inc | 5536 Riviera, Granite Bay, CA 95746-6770 | CA | 2007-08 | $0 |
| 18 | Buynak Foundation | 820 State Street 4th Floor, Santa Barbara, CA 93101 | CA | 2008-09 | $0 |
| 19 | Carry The Vision | 1146 University Ave, San Jose, CA 95126 | CA | 2010-09 | $0 |
| 20 | El Dorado Peace And Justice Community | Po Box 543, Diamond Springs, CA 95619 | CA | 2004-04 | $0 |
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| Total | 363 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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