Civic Intelligence

Formosa Taiwan Inc

EIN 87-1215471 • 501(c)3 • Las Vegas, NV

Profile

Educate American Taiwanese and the neighborhood to inherit and preserve Taiwanese culture and help others.

8484 Palmada DrLas Vegas, NV 89123

not applicable at this time.

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-192%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$2,679,729

Down $394,800 (-13%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$2,679,729

Down $394,800 (-13%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin2nd percentile

Revenue

Down

$205,127

Down $1,914,362 (-90%) from 2023

Expenses

Up

$599,927

Up $576,394 (+2449%) from 2023

Net Income

Down

-$394,800

Down $2,490,756 (-119%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $158,765Net Assets 2021: $158,7652021Assets 2022: $946,513Liabilities 2022: $0Net Assets 2022: $946,5132022Assets 2023: $3,074,529Liabilities 2023: $0Net Assets 2023: $3,074,5292023Assets 2024: $2,679,729Liabilities 2024: $0Net Assets 2024: $2,679,7292024

Highlighted filing

2024

Assets$2,679,729
Liabilities$0
Net Assets$2,679,729
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $164,972Expenses 2021: $6,207Net Income 2021: $158,7652021Revenue 2022: $840,888Expenses 2022: $39,966Net Income 2022: $800,9222022Revenue 2023: $2,119,489Expenses 2023: $23,533Net Income 2023: $2,095,9562023Revenue 2024: $205,127Expenses 2024: $599,927Net Income 2024: -$394,8002024

Highlighted filing

2024

Revenue$205,127
Expenses$599,927
Net Income-$394,800
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,679,729
Liabilities
$0
Net assets
$2,679,729
Revenue
$205,127
Expenses
$599,927
Net income
-$394,800
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.00$2.68$0.21$0.60$0.39
2023Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$2.12$0.02$2.10
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.84$0.04$0.80
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.16$0.16$0.01$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$292,052
Mission and Program Overview

Mission

Benevolent Support

Educate American Taiwanese and the neighborhood to inherit and preserve Taiwanese culture and help others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$770,000$2,576,764▲ $1,806,764
Savings and Temporary Cash Investments$803,106--
Investments in Publicly Traded Securities$298,424$100,409▼ $198,015
Cash and Non-Interest-Bearing Accounts$1,202,999$2,556▼ $1,200,443
Total Assets$3,074,529$2,679,729▼ $394,800
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,074,529$2,679,729▼ $394,800
Total Net Assets Fund Balance$3,074,529$2,679,729▼ $394,800
Total Liabilities and Net Assets / Fund Balance$3,074,529$2,679,729▼ $394,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,576,764$97,236$2,674,000
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Clara Lanting YangPresident / Treasurer
Shaowen TouDirector
Kuang Chou ChenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$66,500
Program Service Revenue
$0
Investment Income
$138,627
Other Revenue
$0
All Other Contributions
$66,500
Change in Net Assets
$-394,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,827
Grants and Similar Amounts Paid$114,100
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$300,000-$300,000
Occupancy-$131,828-$131,828
Grants to Domestic Individuals$114,100--$114,100
Office Expenses-$23,779-$23,779
Travel-$6,783-$6,783
Fees for Services Accounting-$3,850-$3,850
Other Expenses$1,536$8,906-$1,536
All Other Expenses$811--$811
Total Functional Expenses$124,781$475,146$0$599,927
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization reviews the 990 form at a board meeting prior to submitting to the IRS.”

Form 990, Part VI, Section B, Line 12C

“The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Formosa Taiwan Inc
EIN
87-1215471
Phone
6262486581
Address
8484 Palmada Dr, Las Vegas, NV 89123

Signing Officer

Name
Clara Yang
Title
President
Phone
6262486581
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clara Yang
Formed
2021
Legal Domicile
Nv
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
80

Preparer

Firm
Foundation Group Inc
Address
2451 Atrium Way Suite 300, Nashville, TN 37214
Preparer
Andrew D Payne EA
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Section N/A, Line 11G

“Other professional fees include contractors to support the organizations programs.”

Raw XML Appendix334 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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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0None at this time
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Clara Yang
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06262486581
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Formosa Taiwan Inc
ReturnHeader/Filer/BusinessNameControlTxt0FORM
ReturnHeader/Filer/EIN0871215471
ReturnHeader/Filer/PhoneNum06262486581
ReturnHeader/Filer/USAddress/AddressLine1Txt08484 Palmada Dr
ReturnHeader/Filer/USAddress/CityNm0Las Vegas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089123
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621813735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Group Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02451 Atrium Way Suite 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Nashville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037214
ReturnHeader/PreparerPersonGrp/PhoneNum06153619445
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Andrew D Payne EA
ReturnHeader/ReturnTs02025-11-17T10:53:42-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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