Mao Family Foundation

Nonprofit profile at a glance

EIN
271548443
IRS 990-PF coverage
2011–2024
Forms available
Form 990-PF 2024
Location
Milpitas, CA, USA
Phone
4083929977
Rating
98
Verdict
STRONG
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$362,452
Expenses
$26,164

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

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2024

The foundation reported 3 grants totaling $26,000. The stated grant purposes included for the guan yin buddhist lotus society benefits religion-related, spiritual development, focusing specifically on buddhist programs., to carry forward the fine traditions of chinese culture, we will conduct international cultural exchange and cooperation with art performances, art exhibitions, academic forums and other activities on a regular basis every year to promote the brilliant civilization left behind by chinese arts and history., and to cultivate inner harmony and physical excellence through the practice of traditional martial arts. we are dedicated to providing a supportive and disciplined environment where students of all ages can develop their skills, build resilience, and achieve personal growth. through a blend of ancient techniques and modern training methods, we aim to foster a sense of balance, respect, and mindfulness both on and off the mat. our goal is to inspire individuals to unlock their full potential, embrace a lifestyle of continuous improvement, and contribute positively to their communities. we deeply appreciate not only the monetary gift, but also the love and faith which prompted your giving..

Operating model

Revenue model
Donor-supported. 97% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 99% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 99
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 79

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 75th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 99.4%; rating input score 99; 96th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 22.69; rating input score 79; 79th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 79th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.