Zhaoyu Cultural Foundation
- Assets
- $120.0k
- Revenue
- $109.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 20-0498703
Organization Overview
Zhaoyu Cultural Foundation is located in Palo Alto, CA. The organization was established in 2005. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zhaoyu Cultural Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Zhaoyu Cultural Foundation generated $109.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $146.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PUBLIC SREVICE BY LENDING CULTURAL LITERATURE, AND ORGANIZE CULTURE CLASSES TO THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mei-Erl Vicky Huang President | 4 | $0 | |
Jack Hong Secretary | 3 | $0 | |
Mei-Eri Vicky Huang Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108,485 |
| Total Revenue | $109,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $16,132 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,493 |
| Depreciation | $2,583 |
| Occupancy | $69,288 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $202 |
| Other expenses | $54,821 |
| Total operating and administrative expenses | $146,855 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $146,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,752 |
| Savings and temporary cash investments | $6,251 |
| Net Accounts receivable | $182 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,767 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $119,952 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,970 |
| Total liabilities | $1,970 |