80-20 Educational Foundation is located in Saint Petersburg, FL. The organization was established in 2006. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 80-20 Educational 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, 80-20 Educational Foundation generated $706.9k 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 (5.9%) each year. All expenses for the organization totaled $121.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION IS ENGAGED IN EQUAL JUSTICE FOR ASIAN AMERICANS WITH A FOCUS ON POLITICAL EDUCATION IT DOES NOT TAKE POLITICAL ACTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SELF EMPOWERMENT LONG-TERM FUND IS A MAJOR PROJECT OF THE ORGANIZATION. THE GOAL IS TO RAISE ONE MILLION PER YEAR FOR FIVE YEARS TO ESTABLISH A SELF-HELP AND SELF-EMPOWERMENT TRADITION IN THE ASIAN AMERICAN COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sb Woo President Board Memb | OfficerTrustee | 40 | $0 |
Wei-Jing Zhu Treasurer Board Memb | OfficerTrustee | 10 | $0 |
Alice Huang Vice Pres Board Memb | OfficerTrustee | 1 | $0 |
Jing-Li Yu Secretary Board Memb | OfficerTrustee | 1 | $0 |
Yueh-Ting Lee Board Member | Trustee | 1 | $0 |
David Lee Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $454,853 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $454,853 |
Total Program Service Revenue | $0 |
Investment income | $120,571 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $131,519 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $706,943 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $22,604 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $82,140 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,982 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $118 |
Fees for services: Other | $0 |
Advertising and promotion | $12,868 |
Office expenses | $883 |
Information technology | $790 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $121,385 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $29,529 |
Savings and temporary cash investments | $228,625 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $5,804,160 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,062,314 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $6,062,314 |
Total liabilities and net assets/fund balances | $6,062,314 |
Over the last fiscal year, 80-20 Educational Foundation has awarded $20,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
STUDENT FOR FAIR ADMISSION | | | $10,000 |
WISCCCORG | | | $5,000 |
ASSO CHIN AM 4 SOC JUSTICE | | | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Minority Alliance For Advocating Community Awareness & Action Tallahassee, FL | $221,960 | $6,491,835 |
Cuban American National Council Inc Miami, FL | $1,137,135 | $1,868,042 |
Americans For Democracy & Human Rights In Bahrain Inc Mobile, AL | $4,375 | $456,856 |
80-20 Educational Foundation Saint Petersburg, FL | $6,062,314 | $706,943 |
Trustbuilding Inc Lagrange, GA | $27,060 | $0 |
Georgia Association Of Minority Entrepreneurs Atlanta, GA | $115,107 | $0 |
Minority Business Alliance Inc Tampa, FL | $30,791 | $10,000 |
Iniciativa Accion Puertorriquena Orlando, FL | $4,129 | $0 |
National Minority Community Reinvestment Co-Operative Tampa, FL | $105,607 | $0 |
Lake Shore Jr Sr High School Legacy Memorial Park Valrico, FL | $25,281 | $31,033 |
People United To Lead The Struggle For Equality Inc Miami, FL | $1,631 | $0 |