Civic Intelligence

Metta for Life Foundation

990EZ • Fiscal year 2020 • EIN 47-4679232

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 26, 2021

2995 Woodside Rd Ste 400Woodside, CA 94062

(408) 209-0481

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.15x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.05x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

27th percentile

-11%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

20th percentile

-19%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

65%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$41,079

Down $9,338 (-19%) from 2019

Net Assets

Down

$34,880

Down $14,943 (-30%) from 2019

Liabilities

Up

$6,199

Up $5,605 (+944%) from 2019

Revenue

Up

$130,312

Up $51,432 (+65%) from 2019

Expenses

Up

$145,255

Up $34,680 (+31%) from 2019

Net Income

Up

-$14,943

Up $16,752 (+53%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2016: $41,662Liabilities 2016: $37Net Assets 2016: $41,6252016Assets 2017: $102,789Liabilities 2017: $7,166Net Assets 2017: $95,6232017Assets 2018: $84,209Liabilities 2018: $2,691Net Assets 2018: $81,5182018Assets 2019: $50,417Liabilities 2019: $594Net Assets 2019: $49,8232019Assets 2020: $41,079Liabilities 2020: $6,199Net Assets 2020: $34,8802020Assets 2021: $70,196Liabilities 2021: $3,747Net Assets 2021: $66,4492021Assets 2022: $22,303Liabilities 2022: $2,048Net Assets 2022: $20,2552022Assets 2023: $6,345Liabilities 2023: $2,269Net Assets 2023: $4,0762023Assets 2024: $292,986Liabilities 2024: $0Net Assets 2024: $292,9862024

Highlighted filing

2020

Assets$41,079
Liabilities$6,199
Net Assets$34,880

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2016: $74,887Expenses 2016: $33,262Net Income 2016: $41,6252016Revenue 2017: $122,878Expenses 2017: $75,867Net Income 2017: $47,0112017Revenue 2018: $81,995Expenses 2018: $96,100Net Income 2018: -$14,1052018Revenue 2019: $78,880Expenses 2019: $110,575Net Income 2019: -$31,6952019Revenue 2020: $130,312Expenses 2020: $145,255Net Income 2020: -$14,9432020Revenue 2021: $125,143Expenses 2021: $93,574Net Income 2021: $31,5692021Revenue 2022: $87,850Expenses 2022: $134,044Net Income 2022: -$46,1942022Revenue 2023: $74,315Expenses 2023: $90,494Net Income 2023: -$16,1792023Revenue 2024: $345,138Expenses 2024: $83,861Net Income 2024: $261,2772024

Highlighted filing

2020

Revenue$130,312
Expenses$145,255
Net Income-$14,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 26, 2021
Return Version
2020v4.0
Gross Receipts
$130,312
Mission and Program Overview

Mission

Metta for life foundation celebrates seniors by granting wishes to recipients who cannot fulfill their own wishes due to financial reasons. The wish may fulfill an immediate need, the last wish, or an unfulfilled lifetime wish. Big or small, all wishes are significant to the recipient. We grant wishes to celebrate life and show seniors we care. We acknowledge seniors for their contributions to our lives.

Program Services

DescriptionGrantsExpenses
MAKE A WISH PROGRAM SINCE 2016, METTA FOR LIFE FOUNDATION HAS GRANTED WISHES TO SUPPORT IMPOVERISHED SENIORS AND FAMILIES IN OUR COMMUNITIES. ASIDE FROM THE PRACTICAL QUALITY OF LIFE SUPPORT, WE GRANT LIFELONG WISHES FOR SENIORS LIVING ON A FIXED INCOME OR BELOW THE FEDERAL POVERTY LINE. AS OF 2020, METTA FOR LIFE FOUNDATION IS REGARDED AS ONE OF THE MOST ACTIVE NONPROFIT ORGANIZATIONS IN THE BAY AREA THAT HAVE PROVIDED EMERGENCY RELIEF FOR SENIORS IN THE COMMUNITY DURING THE COVID-19 CRISIS. WE WORKED WITH OTHER AGENCIES AND LOCAL RESTAURANTS TO PROVIDE THOUSANDS OF SURVIVAL KITS AND MEALS TO VULNERABLE RECIPIENTS. WE ORGANIZED RELIEF PROGRAMS TO DELIVER FOOD TO OUR SENIORS WHO LACK ACCESSIBILITY. ALONG WITH FOOD AND ESSENTIAL SUPPLIES, METTA FOR LIFE FOUNDATION DONATED PPE TO HOSPITALS AND NURSING HOMES DURING THE EARLY ONSITE OF COVID-19. TO DATE, WE CONTINUE TO DISTRIBUTE OVER 300 GROCERY CARE PACKAGES MONTHLY TO SENIORS AND FAMILIES WHO HAVE EXPERIENCED ECONOMIC HARDSHIP DUE TO THE COVID-19 PANDEMIC.$129,368$132,332
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
THUY TRUONGPresidentPT$0--
MISTY CLARIDGETreasurer-$0--
DUNE NGUYENSecretary-$0--
NGOC NGUYENOperations M-$0--
TRAN MINH QUANGGlobal Proje-$0--
MEHDI MAGHSOODNIABoard Direct-$0--
DAVID FARLINGBoard Direct-$0--
JOHN ARNOLDBoard Direct-$0--
Filing and Contact Details

Filer

Filer Name
Metta for Life Foundation
EIN
47-4679232
Phone
4082090481
Address
2995 WOODSIDE RD STE 400, WOODSIDE, CA 94062

Signing Officer

Name
Thuy Truong
Title
President
Phone
4082090481
Signed
2021-10-26

Preparer

Firm
Coastside Tax Consultants
Address
225 CABRILLO HWY S STE 105D, HALF MOON BAY, CA 94019-7205
Preparer
Cindy Chong
Phone
6507135089
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Cc rewards & misc rebates 612 refunds - allowances 300 total 912

Form 990-ez, Part I, Line 10

Cash contribution: 110,418

Form 990-ez, Part I, Line 10

Name: friends of hue foundation address: p.o. Box 1823 san jose, ca 95109 cash contribution: 8,000

Form 990-ez, Part I, Line 16

Expenses advertising 373 insurance 1,535 bank charges 87 communication/internet 778 dues & subscriptions 49 general admin expenses 384 meals and meetings 1,059 office expense 1,248 taxes & licenses 12 travel expenses 676 total 6,201

Form 990-ez, Part I, Line 20

PRIOR YEAR BOOKS ADJ 0

Form 990-ez, Part II, Line 26

CREDIT CARD 594 6,199

Form 990-ez, Part III

Metta for life foundation celebrates seniors by granting wishes to recipients who cannot fulfill their own wishes due to financial reasons. The wish may fulfill an immediate need, the last wish, or an unfulfilled lifetime wish. Big or small, all wishes are significant to the recipient. We grant wishes to celebrate life and show seniors we care. We acknowledge seniors for their contributions to our lives.

Form 990-ez, Part III, Line 28

Make a wish program since 2016, metta for life foundation has granted wishes to support impoverished seniors and families in our communities. Aside from the practical quality of life support, we grant lifelong wishes for seniors living on a fixed income or below the federal poverty line. As of 2020, metta for life foundation is regarded as one of the most active nonprofit organizations in the bay area that have provided emergency relief for seniors in the community during the covid-19 crisis. We worked with other agencies and local restaurants to provide thousands of survival kits and meals to vulnerable recipients. We organized relief programs to deliver food to our seniors who lack accessibility. Along with food and essential supplies, metta for life foundation donated ppe to hospitals and nursing homes during the early onsite of covid-19. To date, we continue to distribute over 300 grocery care packages monthly to seniors and families who have experienced economic hardship due to the covid-19 pandemic.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CC REWARDS & MISC REBATES 612 REFUNDS - ALLOWANCES 300 TOTAL 912
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CASH CONTRIBUTION: 110,418
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NAME: FRIENDS OF HUE FOUNDATION ADDRESS: P.O. BOX 1823 SAN JOSE, CA 95109 CASH CONTRIBUTION: 8,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPENSES ADVERTISING 373 INSURANCE 1,535 BANK CHARGES 87 COMMUNICATION/INTERNET 778 DUES & SUBSCRIPTIONS 49 GENERAL ADMIN EXPENSES 384 MEALS AND MEETINGS 1,059 OFFICE EXPENSE 1,248 TAXES & LICENSES 12 TRAVEL EXPENSES 676 TOTAL 6,201
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR BOOKS ADJ 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CREDIT CARD 594 6,199
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6METTA FOR LIFE FOUNDATION CELEBRATES SENIORS BY GRANTING WISHES TO RECIPIENTS WHO CANNOT FULFILL THEIR OWN WISHES DUE TO FINANCIAL REASONS. THE WISH MAY FULFILL AN IMMEDIATE NEED, THE LAST WISH, OR AN UNFULFILLED LIFETIME WISH. BIG OR SMALL, ALL WISHES ARE SIGNIFICANT TO THE RECIPIENT. WE GRANT WISHES TO CELEBRATE LIFE AND SHOW SENIORS WE CARE. WE ACKNOWLEDGE SENIORS FOR THEIR CONTRIBUTIONS TO OUR LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MAKE A WISH PROGRAM SINCE 2016, METTA FOR LIFE FOUNDATION HAS GRANTED WISHES TO SUPPORT IMPOVERISHED SENIORS AND FAMILIES IN OUR COMMUNITIES. ASIDE FROM THE PRACTICAL QUALITY OF LIFE SUPPORT, WE GRANT LIFELONG WISHES FOR SENIORS LIVING ON A FIXED INCOME OR BELOW THE FEDERAL POVERTY LINE. AS OF 2020, METTA FOR LIFE FOUNDATION IS REGARDED AS ONE OF THE MOST ACTIVE NONPROFIT ORGANIZATIONS IN THE BAY AREA THAT HAVE PROVIDED EMERGENCY RELIEF FOR SENIORS IN THE COMMUNITY DURING THE COVID-19 CRISIS. WE WORKED WITH OTHER AGENCIES AND LOCAL RESTAURANTS TO PROVIDE THOUSANDS OF SURVIVAL KITS AND MEALS TO VULNERABLE RECIPIENTS. WE ORGANIZED RELIEF PROGRAMS TO DELIVER FOOD TO OUR SENIORS WHO LACK ACCESSIBILITY. ALONG WITH FOOD AND ESSENTIAL SUPPLIES, METTA FOR LIFE FOUNDATION DONATED PPE TO HOSPITALS AND NURSING HOMES DURING THE EARLY ONSITE OF COVID-19. TO DATE, WE CONTINUE TO DISTRIBUTE OVER 300 GROCERY CARE PACKAGES MONTHLY TO SENIORS AND FAMILIES WHO HAVE EXPERIENCED ECONOMIC HARDSHIP DUE TO THE COVID-19 PANDEMIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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