80-20 Educational Foundation
- Assets
- $5.8m
- Revenue
- $737.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Petersburg, FL
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 20-2391770
Organization Overview
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 12/2021, 80-20 Educational Foundation generated $737.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $181.2k during the year ending 12/2021. 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
2021
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.
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Board, Officers & Key Employees
| 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 |
Yung Cha Board Member | Trustee | 1 | $0 |
Yueh-Ting Lee Board Member | Trustee | 1 | $0 |
Financial Statements
| 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 | $573,694 |
| Noncash contributions included in lines 1a–1f | $9,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,694 |
| Total Program Service Revenue | $0 |
| Investment income | $163,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,322 |
| 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 | $113,974 |
| 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 | $2,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $301 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,417 |
| Office expenses | $1,068 |
| Information technology | $8,638 |
| 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 | $181,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,872 |
| Savings and temporary cash investments | $370,386 |
| 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 | $5,371,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,781,511 |
| 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 | $5,781,511 |
| Total liabilities and net assets/fund balances | $5,781,511 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 80-20 Educational Foundation has recieved totaling $11,676.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,426 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minority Alliance For Advocating Community Awareness & Action Tallahassee, FL | $41,201 | $4,454,209 |
Cuban American National Council Inc Miami, FL | $893,081 | $2,146,435 |
Americans For Democracy & Human Rights In Bahrain Inc Mobile, AL | $206,866 | $222,864 |
80-20 Educational Foundation Saint Petersburg, FL | $5,781,511 | $737,099 |
Georgia Association Of Minority Entrepreneurs Atlanta, GA | $134,474 | $0 |
Iniciativa Accion Puertorriquena Orlando, FL | $36,520 | $0 |
Trustbuilding Inc Lagrange, GA | $86,966 | $0 |
Atid Movement Inc Lake Worth, FL | $146,731 | $152,100 |
Minority Business Alliance Inc Tampa, FL | $45,000 | $40,000 |