NonprofitsX245 Foundation

Religion-Related

X245 Foundation

PALO ALTO, CA

Total revenue

$847K

Total expenses

$20K

Net assets

$4.9M

Grants received

$3.5M

7 grants

EIN

843914782

Tax year

2024

Mission

To address the negative impact that high housing cost in the bay area has on the ability of peninsula bible church pbc to recruit and retain pastoral staff. To provide assistance and support to pbc pastors for housing.

Financials

FY 2024

Revenue

Contributions & grants$826K
Program service revenue
Investment income$24K
Other revenue
Total revenue$847K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$20K
Total expenses$20K
Total assets$5.4M
Net assets$4.9M

People

5 listed

NameRoleCompensation

JERRY YAN

PRESIDENT

Board

2 hrs/wk

WEITING TANG

SECRETARY

Board

2 hrs/wk

ROBERT T CLARKSON

TREASURER

Board

2 hrs/wk

DARYL SID

OPERATIONS

Board

2 hrs/wk

PETER MONACO

BOARD MEMBER

Board

2 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$20K
PUBLIC, SOCIETAL BENEFIT
2023
$500K
For grant recipient's exempt purposes
2022
$500K
For grant recipient's exempt purposes
2021
$500K
For grant recipient's exempt purposes
2021
$50K
For grant recipient's exempt purposes
2020
$1.9M
For grant recipient's exempt purposes
2019
$50K
PUBLIC, SOCIETAL BENEFIT
2019

Funded by

$3.5M from 2 funders · 7 grants · 2019–2023

Fidelity Investments Charitable Gift Fund

$3.5M · 5 grants · 2019–2022

Donor Advised Charitable Giving Inc

$70K · 2 grants · 2019–2023

Details

EIN843914782
NTEE codeX11
Subsection03
Ruling date2020-05
Formed2019
Employees0
Volunteers0
X245 FOUNDATION — Mission, Financials & Grants Received | Grantivo