P & Y Foundation

“No committees had authority to act for the board; all actions were taken and recorded by the full board.”

“The principal officer, Yangtian Sun, can be reached at 1372 San Tomas Aquino Rd, San Jose, CA 95130, which is different from the organization's mailing address 260 King St Unit 879, San Francisco, CA 94107.”

“The Form 990 was reviewed by the president prior to filing.”

“Conflicts of interest are reviewed annually by the board.”

“The organization makes its Form 1023, Form 990-EZ, and governing documents available to the public upon request. Copies are also accessible through the GuideStar (Candid) public database. Requests for copies or information can be made by contacting the organization at its mailing address or by email.”

“Program service revenue consists of public cultural and educational events conducted through Eventbrite and Stripe. All contributions were received from the general public. No government grants or investment income were received during the year.”

“Program service expenses consist of costs for public events and performances, including materials, venue rental, and volunteer coordination.”

“The difference of $3,427 between the organization's internal cash ledger (net income $43,376) and the year-end bank balance change ($39,949) is due to timing differences such as outstanding checks, pending Zelle/Expensify transactions, and small bank service fees posted after year end. The variance represents less than 2 percent of annual receipts and is within the normal reconciliation range.”