CBC Foundation

Nonprofit profile at a glance

EIN
470887809
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024
Location
Fremont, CA, USA
Phone
5109432318
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Reported finances

Revenue
$37,508
Expenses
$66,394
Assets
$70,505

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Dr Albert Wang (President)

People named in this filing

  • Dr Albert Wang (President)
  • Thomas Tang (Treasurer)
  • Garrett Yee (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

CBC Foundation, a 501(c) (3) organization, established in 2002, is creating and administering programs in the areas of education (financial and organizational support for Fremont public/private schools), health (financial and educational assistance for the public on public health issues), civic participation (educational and organizational assistance for the community as a whole through voter education and voter registration), scholarship programs for Bay Area students, internship programs (for highs school and college students in governmental organizations), and youth leadership education programs.

What it reported doing in 2024

The organization successfully donated more than $29,500 to more than one charitable organizations in the local area.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 25
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -77%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 1.06; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 32.1% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 22.5% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: -2.6% per year; rating input score 0; 30th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $66K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.