Galaxy Foundation

990PF • Fiscal year 2020 • EIN 82-3190985

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 25, 2021

Organization Profile

14594 Sobey Oaks CTSaratoga, CA 95070

(408) 893-7304

Siviq Scores

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

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

89%

Higher net margin than 96% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

Higher top officer pay than 77% of similar nonprofits.

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

2020 filings • <$500k nonprofits • Source year 2020

61%

Faster asset growth than 86% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

9.5%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet

Liabilities / Assets59th percentile

Assets

$322,231

Up $122,422 (+61%) from 2019

Net Assets

$322,180

Up $124,773 (+63%) from 2019

Liabilities

Down

$51

Down $2,351 (-98%) from 2019

Revenue And Expenses

Liabilities / Revenue59th percentile Net Margin96th percentile

Revenue

$139,655

Up $12,129 (+9.5%) from 2019

Expenses

$14,882

Up $2,272 (+18%) from 2019

Net Income

$124,773

Up $9,857 (+8.6%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

Highlighted filing

2020

Assets$322,231

Liabilities$51

Net Assets$322,180

Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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

Highlighted filing

2020

Revenue$139,655

Expenses$14,882

Net Income$124,773

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Oct 1, 2019 to Sep 30, 2020
Signed: Jan 25, 2021
Return Version: 2019v5.0

Compensation and Service Providers

Top Officer Pay77th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ANGELA CHENG	President & CEO	-	$0	-	-
JIMMY WONG	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Galaxy Foundation
EIN: 82-3190985
Phone: 4088937304
Address: 14594 SOBEY OAKS CT, SARATOGA, CA 95070

Signing Officer

Name: Jimmy Wong
Title: Secretary
Signed: 2021-01-25
Discuss with paid preparer: Yes

Preparer

Firm: Abest Tax Services Inc
Address: 1621A S MAIN ST, MILPITAS, CA 95035
Preparer: Shuang Mao
Phone: 4083929977

Raw XML Appendix326 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/AnalysisOfRevenueAndExpenses/GrossSalesPriceAmt	0	204585
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IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt	0	14882
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdCntrctOrNONETxt	0	NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt	0	NONE
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	0	ANGELA CHENG
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	0	President & CEO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	1	Secretary
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IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	0	ANGELA CHENG
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	1	JIMMY WONG
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
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IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	13349
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	60
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	17594
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	4305
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	13289
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	13733
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	17594
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	17654
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	1
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm	0	ANGELA CHENG AND JIMMY WONG
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	0	14594 SOBEY OAKS CT
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	0	SARATOGA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	0	CA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	0	95070
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	109000
IRS990ScheduleB/GeneralRuleInd	0	X
IRS990ScheduleB/Organization501c3ExemptPFInd	0	X
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	0	2564
LandEtcSchedule2/LandEtcGrp/BookValueAmt	0	576
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	0	Machinery and Equipment
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	3140
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	0	200
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	Auto Lease - Hyundai
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	Auto Lease - Toyota
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	Dues and Subscriptions
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	Filing Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	Insurance Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	Meals and Entertainment
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	6	Office Expense
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	7	Office Supplies
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	8	Other Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	9	Parking & Toll
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	10	Postage Expense
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	11	Telephone Expense
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	12	Transportation Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	700
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	3224
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	199
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	3	85
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	4	1203
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	5	1156
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	6	3019
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	7	64
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	8	20
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	9	162
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	10	134
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	11	1277
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	12	366
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	700
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	3224
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	199
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	85
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	1203
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	1156
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	6	3019
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	7	64
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	8	20
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	9	162
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	10	134
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	11	1277
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	12	366
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	0	2401
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	1	1
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	0	Credit Cards
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	1	Rounding
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt	0	51
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm	0	ANGELA CHENG AND JIMMY WONG
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt	0	14594 SOBEY OAKS CT
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm	0	SARATOGA
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd	0	CA
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd	0	95070
TaxesSchedule/TaxesDetail/Amt	0	11
TaxesSchedule/TaxesDetail/CategoryTxt	0	Income Tax
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt	0	11
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JIMMY WONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-01-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	GALAXY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	GALA
ReturnHeader/Filer/EIN	0	823190985
ReturnHeader/Filer/PhoneNum	0	4088937304
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	14594 SOBEY OAKS CT
ReturnHeader/Filer/USAddress/CityNm	0	SARATOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	95070
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	263000418
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	ABEST TAX SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1621A S MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	MILPITAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	95035
ReturnHeader/PreparerPersonGrp/PhoneNum	0	4083929977
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	SHUANG MAO
ReturnHeader/ReturnTs	0	2021-01-25T10:14:15-08:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2019-10-01
ReturnHeader/TaxPeriodEndDt	0	2020-09-30
ReturnHeader/TaxYr	0	2019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $322,231
Liabilities: $51
Net assets: $322,180
Revenue: $139,655
Expenses: $14,882
Net income: $124,773

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$8.11	$0.03	$8.07	$2.33	$0.24	$2.09
2024Detailed filing. Detailed filing data is available for this year.	$5.99	$0.01	$5.98	$1.36	$0.31	$1.05
2023Detailed filing. Detailed filing data is available for this year.	$4.95	$0.02	$4.93	$0.70	$0.36	$0.33
2022Detailed filing. Detailed filing data is available for this year.	$4.61	$0.01	$4.60	$0.40	$0.18	$0.23
2021Detailed filing. Detailed filing data is available for this year.	$4.38	$0.01	$4.37	$1.35	$0.20	$1.15
2020Detailed filing. Detailed filing data is available for this year.	$3.22	$0.00	$3.22	$1.40	$0.15	$1.25
2019Detailed filing. Detailed filing data is available for this year.	$2.00	$0.02	$1.97	$1.28	$0.13	$1.15