Kai Yue Foundation Corporation
- Assets
- $2.9m
- Revenue
- $64.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Cranbury, NJ
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 27-2623443
Organization Overview
Kai Yue Foundation Corporation is located in Cranbury, NJ. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kai Yue Foundation Corporation 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 12/2022, Kai Yue Foundation Corporation generated $64.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $48.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kai Yue Foundation Corporation has awarded 73 individual grants totaling $295,798. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zheng Huang Director | 20 | $0 | |
Yibin Zhang Director | 2 | $0 | |
Xuemei Liu Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,135 |
| Dividends & Interest | $57,714 |
| 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 | $0 |
| Total Revenue | $64,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $707 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,848 |
| Total operating and administrative expenses | $9,896 |
| Contributions, gifts, grants paid | $38,200 |
| Total expenses and disbursements | $48,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,677 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $90,000 |
| Investments—other | $2,192,308 |
| Net Land, buildings, and equipment | $9,593 |
| Other assets | $0 |
| Total assets | $2,894,361 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $50,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, Kai Yue Foundation Corporation has awarded $38,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
IBIS CHARITIES FOUNDATION PURPOSE: LOCAL COMMUNITY SUPPORT | $7,500 |
HX CHINESE SCHOOL AT PLAINSBORO PURPOSE: CHINESE COMMUNITY & EDUCATION, SUPPORT CHINESE SCHOOL'S GRADUATION AWARD | $2,500 |
PEDDIE SCHOOL PURPOSE: EDUCATION, GENERAL FUND SUPPORT | $3,000 |
BRAVURA PHILHARMONIC ORCHESTRA PURPOSE: MUSIC & COMMUNITY SUPPORT, CONCERT SPONSORSHIP | $4,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: EDUCATION, GENERAL SCHOOL FUND SUPPORT | $2,700 |
NORTHWESTERN UNIVERSITY PURPOSE: EDUCATION, GENERAL SCHOOL FUND SUPPORT | $2,500 |