Civic Intelligence

Formosa Foundation

990EZ • Fiscal year 2015 • EIN 91-2148124

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 02, 2016

Organization ProfileN/A
3015 Walnut Grove Ave Suite ARosemead, CA 91770

(818) 730-8198

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

2nd percentile

-244%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

13th percentile

-36%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-78%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$74,991

Down $41,422 (-36%) from 2014

Net Assets

$74,991

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin2nd percentile

Revenue

Down

$17,002

Down $61,895 (-78%) from 2014

Expenses

Up

$58,424

Up $10,869 (+23%) from 2014

Net Income

Down

-$41,422

Down $72,764 (-232%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$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

2015

Assets$74,991
Liabilities$0
Net Assets$74,991
Open 2015 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$17,002
Expenses$58,424
Net Income-$41,422
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 2, 2016
Return Version
2015v2.0
Gross Receipts
$17,002
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.$48,875-
Compensation and Service Providers
Top Officer Pay75th 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
2016-11-02
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

“Youth ambassador's program $45933”

Other Expenses.2

“Other program expenses $2942”

Other Expenses.3

“WEBSITE $899”

Other Expenses.4

“UTILITES $550”

Raw XML Appendix166 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PROGRAM DIRECTO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt050324
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalExpensesAmt058424
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IRS990EZ/TotalRevenueAmt017002
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt076065
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YOUTH AMBASSADOR'S PROGRAM $45933
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAM EXPENSES $2942
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WEBSITE $899
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UTILITES $550
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
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ReturnHeader/PreparerPersonGrp/PhoneNum06262887202
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ReturnHeader/ReturnTs02016-11-02T14:37:56-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,991
Liabilities
$0
Net assets
$74,991
Revenue
$17,002
Expenses
$58,424
Net income
-$41,422
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