Civic Intelligence

Formosa Foundation

EIN 91-2148124 • 501(c)3 • Rosemead, CA

Profile

CULTURAL & EDUCATIONAL

3015 Walnut Grove Ave Suite ARosemead, CA 91770

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

1st percentile

-54338%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

11th percentile

-99%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-99%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$1,092

Down $73,899 (-99%) from 2015

Liabilities

Flat

$0

Flat from 2015

Net Assets

Down

$1,092

Down $73,899 (-99%) from 2015

Operations
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$136

Down $16,866 (-99%) from 2015

Expenses

Up

$74,035

Up $15,611 (+27%) from 2015

Net Income

Down

-$73,899

Down $32,477 (-78%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

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

$300K$200K$100K$0Assets 2011: $261,095Liabilities 2011: $3,1142011Assets 2012: $193,347Liabilities 2012: $115Net Assets 2012: $193,2322012Assets 2013: $85,071Liabilities 2013: $0Net Assets 2013: $85,0712013Assets 2014: $116,413Liabilities 2014: $02014Assets 2015: $74,991Liabilities 2015: $0Net Assets 2015: $74,9912015Assets 2016: $1,092Liabilities 2016: $0Net Assets 2016: $1,0922016

Highlighted filing

2016

Assets$1,092
Liabilities$0
Net Assets$1,092
Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

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

$400K$200K$0-$200KRevenue 2011: $104,786Expenses 2011: $272,897Net Income 2011: -$168,1112011Revenue 2012: $175,872Expenses 2012: $240,621Net Income 2012: -$64,7492012Revenue 2013: $74,949Expenses 2013: $183,110Net Income 2013: -$108,1612013Revenue 2014: $78,897Expenses 2014: $47,555Net Income 2014: $31,3422014Revenue 2015: $17,002Expenses 2015: $58,424Net Income 2015: -$41,4222015Revenue 2016: $136Expenses 2016: $74,035Net Income 2016: -$73,8992016

Highlighted filing

2016

Revenue$136
Expenses$74,035
Net Income-$73,899
Open 2016 Filing

Filings

Most recent year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,092
Liabilities
$0
Net assets
$1,092
Revenue
$136
Expenses
$74,035
Net income
-$73,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.74$0.74
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.17$0.58$0.41
2014Summary only. Only limited summary data is available for this year.$1.16$0.00$0.79$0.48$0.31
2013Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.75$1.83$1.08
2012Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$1.76$2.41$0.65
2011Summary only. Only limited summary data is available for this year.$2.61$0.03$1.05$2.73$1.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$136
Mission and Program Overview

Mission

CULTURAL & EDUCATIONAL

Program Services

DescriptionGrantsExpenses
SPECILIZED FIELD LECTURING - EDUCATIONAL & CULTURAL SEMINARS, GROUP DISCUSSIONS, FORUMS AND PANELS RELATED TO DRMOCRACY, LIBERTY AND HUMAN RIGHT ISSUES, ESTABLISH YOUTH AMBASSADOR'S PROGRAM-LEADERSHIP TRAINING FOR YOUNG STUDENTS IN THE COMMUNITY. SERVE MORE THAN 100 MEMBERS IN VARIOUS LOCAL COMMUNITIES.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ELISE WHANGDirector-$0--
JULIE C LEESecretary-$0--
ENOCH CHANGChairman-$0--
WILL TIAODirector-$0--
AMY S LINProgram Directo-$0--
EUGENE Y WUDirector-$0--
GEORGE T WUDirector-$0--
DONALD LEEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Formosa Foundation
EIN
91-2148124
Address
3015 WALNUT GROVE AVE SUITE A, ROSEMEAD, CA 91770

Signing Officer

Name
Julie C Lee
Title
Secretary
Signed
2017-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Sy Lee & Chen LLP
Address
362 W Garvey Ave, Monterey Park, CA 91754
Preparer
Chen C Lee
Phone
6262887202
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Donations-501(c)3 organization $65600”

Other Expenses.2

“WEBSITE $300”

Other Expenses.3

“BANK CHARGES $35”

Raw XML Appendix156 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0JULIE LEE
IRS990EZ/BooksInCareOfDetail/PhoneNum08187308198
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03015 WALNUT GROVE AVE SUITE A
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROSEMEAD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091770
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt074991
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01092
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0100
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-73899
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt074991
IRS990EZ/Form990TotalAssetsGrp/EOYAmt01092
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0136
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt036
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt074991
IRS990EZ/NetAssetsOrFundBalancesEOYAmt01092
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt074991
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt01092
IRS990EZ/OccupancyRentUtltsAndMaintAmt08100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt14.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ELISE WHANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JULIE C LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ENOCH CHANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3WILL TIAO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4AMY S LIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5EUGENE Y WU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6GEORGE T WU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DONALD LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PROGRAM DIRECTO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt065935
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CULTURAL & EDUCATIONAL
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SPECILIZED FIELD LECTURING - EDUCATIONAL & CULTURAL SEMINARS, GROUP DISCUSSIONS, FORUMS AND PANELS RELATED TO DRMOCRACY, LIBERTY AND HUMAN RIGHT ISSUES, ESTABLISH YOUTH AMBASSADOR'S PROGRAM-LEADERSHIP TRAINING FOR YOUNG STUDENTS IN THE COMMUNITY. SERVE MORE THAN 100 MEMBERS IN VARIOUS LOCAL COMMUNITIES.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt074035
IRS990EZ/TotalRevenueAmt0136
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt016950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt076065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt073275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0164841
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0331231
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01176
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03002
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011031
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015297
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01656
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-1328
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0328
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95500
IRS990ScheduleA/PublicSupportPY170Pct00.96260
IRS990ScheduleA/PublicSupportTotal170Amt0331231
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt016950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt076065
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt073275
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0164841
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0331231
IRS990ScheduleA/TotalSupportAmt0346856
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATIONS-501(C)3 ORGANIZATION $65600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WEBSITE $300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK CHARGES $35
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE C LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORMOSA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FORM
ReturnHeader/Filer/EIN0912148124
ReturnHeader/Filer/USAddress/AddressLine1Txt03015 WALNUT GROVE AVE SUITE A
ReturnHeader/Filer/USAddress/CityNm0ROSEMEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091770
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sy Lee & Chen LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0362 W Garvey Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monterey Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091754
ReturnHeader/PreparerPersonGrp/PhoneNum06262887202
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHEN C LEE
ReturnHeader/ReturnTs02017-11-08T15:17:19-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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