Overview
What is Gold House Foundation Inc?
Gold House Foundation Inc is a significant nonprofit organization situated in Covina, California. Focusing on uniting, investing in, and advocating for Asian and Pacific Islander creative artists, entrepreneurs, and communities, the foundation aims to empower them towards a prosperous future. Their initiatives span across various domains, including media representation, entrepreneurship, recognition, and unity. In the realm of media, Gold House promotes authentic and affirming representation of Asian and Pacific Islanders through initiatives like GoldOpen, which amplifies diverse films to critical and box office success. They also conduct groundbreaking research on media representation and offer resources for creating accurate portrayals in media. In the entrepreneurship sector, Gold House empowers individuals to achieve economic success and break glass ceilings through their programs and resources. They have facilitated grants and opportunities with major platforms, helping to propel the success of the Asian and Pacific Islander community. Recognition is another facet of Gold House's work, as they honor notable contributions made by Asian and Pacific Islanders through the A100 and Gold Gala events, engaging the general public, nonprofits, and diverse leaders in the nomination and selection process. Lastly, Gold House fosters unity among the Asian and Pacific Islander community by strengthening cultural legacy and promoting their heritage and interests. With a total of 12 employees, Gold House Foundation Inc continues to make significant strides in championing and uplifting the Asian and Pacific Islander community.
Official website here: www.goldhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 89% (Three-Star out of Four Stars )ating)
The Gold House Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization scored particularly well in areas such as having an entirely independent board and maintaining robust financial oversight, achieving full points in several key categories. This highlights a commitment to transparency and ethical governance, essential traits for donor trust and organizational integrity.
Despite its strengths, the foundation has some areas for improvement, particularly concerning its policies. Notably, it lacks a whistleblower policy and document retention and destruction policies, which could enhance its operational framework. These omissions may raise concerns for potential donors regarding the foundation's preparedness for complex situations that require such policies.
Financially, the organization has demonstrated effective management with a program expense ratio of 64.54%, indicating that a significant portion of its funds is directed towards its mission-driven activities. Additionally, the foundation's fundraising efficiency is commendable, with low costs associated with raising funds. However, potential supporters should consider the missing policies as a point for further inquiry before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Gold House Foundation Inc legitimate?
Gold House Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gold House Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $572,291
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,140
For more financial information, click here
Official website here: www.goldhouse.org
What is the mission statement of Gold House Foundation Inc?
The Gold House Foundation Inc serves as a leading cultural ecosystem, advocating for and supporting Asian and Pacific Islander creative artists, entrepreneurs, and communities. Its mission is to foster authentic and affirming representation in media, empower economic success and break glass ceilings for entrepreneurs, inspire and reshape public opinion through recognition, and strengthen community and cultural legacy through unity. The foundation aims to cultivate and promote Asian Pacific interests, heritage, and culture.
Official website here: www.goldhouse.org
Who is the CEO of Gold House Foundation Inc?
Spencer Hwa-Bing Chen is the President of Gold House Foundation Inc.
Official website here: www.goldhouse.org
What is the revenue of Gold House Foundation Inc?
Gold House Foundation Inc's revenue in 2022 was $5,663,642.
Official website here: www.goldhouse.org
Who are the executives of Gold House Foundation Inc and what are their salaries?
The average compensation at Gold House Foundation Inc during 2022 was $64,536. There are 12 employees and 70 volunteers at Gold House Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $239,583
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- Other: $0
- Compensation: $239,583
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- Other: $0
- Compensation: $93,125
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- Other: $0
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Official website here: www.goldhouse.org
Where can I find the form 990 for Gold House Foundation Inc?
Gold House Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goldhouse.org
Learn more at the official website: www.goldhouse.org
Mission Statement of Gold House Foundation Inc
Gold House Foundation, a leading cultural ecosystem, is dedicated to championing and supporting Asian and Pacific Islander creative artists, entrepreneurs, and communities. Its mission is multifaceted, aiming to empower these groups to shape a better future for all. The foundation accomplishes this by cultivating and promoting Asian Pacific interests, heritage, and culture in several ways.
Firstly, Gold House Foundation champions authentic and affirming representation in media by powering Asian Pacific stories. This initiative aims to provide a platform for Asian Pacific voices and perspectives in the entertainment industry, ensuring a more inclusive and diverse narrative.
Secondly, the foundation invests in and empowers Asian Pacific entrepreneurs, providing them with the tools and resources needed to break glass ceilings and achieve economic success. By supporting these entrepreneurs, Gold House Foundation helps to create a more prosperous and equitable future for the Asian Pacific community.
Thirdly, Gold House Foundation seeks to inspire and reshape public opinion by providing recognition to Asian Pacific individuals and groups. Through this recognition, the foundation hopes to challenge stereotypes and misconceptions, promoting a more positive and accurate understanding of the Asian Pacific community.
Lastly, the foundation strengthens community and cultural legacy by fostering unity within the Asian Pacific community. By bringing together creative artists, entrepreneurs, and community leaders, Gold House Foundation aims to create a strong and cohesive network that can continue to promote and preserve Asian Pacific interests and heritage for generations to come.
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Impact
July, 2024
Gold House Foundation Inc's impact is significant in its mission to unite, invest in, and champion Asian and Pacific Islander creative artists, entrepreneurs, and communities. By cultivating and promoting Asian Pacific interests, heritage, and culture, Gold House powers Asian Pacific stories to accelerate authentic and affirming representation in media. Through initiatives like the A100 & Gold Gala and Gold House Futures, the organization reshapes public perception and invests in the success of the Asian Pacific community by recognizing contributions, providing resources, and fostering connections with industry leaders. Additionally, Gold House's work in media representation ensures fair, accurate, and inclusive portrayal of Asians and Pacific Islanders, contributing to mainstream acceptance and social change. Through various programs and operations, Gold House Foundation Inc plays a vital role in empowering and advancing the Asian Pacific community in the cultural landscape.
This information is meant to be a general summary of Gold House Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,893
- Program Service Revenue: $2,263,749
- Gross Receipts: $5,663,642
Assets and Liabilities:
- Total Assets: $4,181,546
- Total Liabilities: $26,483
- Net Assets: $4,155,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE - REPRESENT
Revenue
$2,263,749
Organization Details
Founding Year
2018
Phone
(818) 850-3870Principal Officer
Spencer Hwa-Bing Chen
Main Address
440 N BARRANCA AVE 5118, COVINA, CA, 91723
Website
www.goldhouse.orgNTEE Category
Code: P80 - Human services
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