Icube Foundation
- Assets
- $195.1k
- Revenue
- -$14.0k
- Investments
- $169.3k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 05/2012
- Data as of
- 05/2023
- EIN
- 45-2626642
Organization Overview
Icube Foundation is located in Saratoga, CA. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Icube Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, ICUBE FOUNDATION HAS OPERATED MAINLY IN TWO AREAS: PHOTOGRAPHY SERVICES INVESTMENTS PHOTOGRAPHY SERVICES.THE FOUNDATION HAS RESUMED ITS PHOTOGRAPHY SERVICES ON LIMITED BASIS FOR THEFOLLOWING EVENT: 5/28/2023 HARVARD UNIVERSITY VERITONES BENEFIT CONCERT AT CAMPBELL,CALIFORNIATHIS PROGRAM HAS BEEN VERY WELL RECEIVED BY DIFFERENT LOCAL SCHOOLS ANDCOMMUNITIES IN HELPING THE YOUNG STUDENTS TO INCREASE THEIR INTERESTS IN ARTS, SPORTSAND INSPIRE THEM TO FURTHER IMPROVE THEIR SKILLS. WE WILL CONTINUE TO INVEST OUR TIMEAND MONEY IN THIS AREA TO PREPARE FOR THE MORE AND MORE RE-OPENING ACTIVITIES. INVESTMENTSDUE TO THE UNFAVORITE MACRO MARKET CONDITION, OUR MAIN INVESTMENT STRATEGY HASBEEN FOCUSING ON PRESERVING THE ASSET AND MINIMIZING THE FURTHER LOSS. WE WILLCONTINUE TO SEEK FOR OPPORTUNITIES TO GROW THE FOUNDATION'S ASSET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Song Lu CEO | 1 | $0 | |
Wei Jia CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,205 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8 |
| Total Revenue | -$13,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,441 |
| Total operating and administrative expenses | $4,866 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440 |
| Savings and temporary cash investments | $17,717 |
| 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 | $0 |
| Investments—other | $169,271 |
| Net Land, buildings, and equipment | $7,642 |
| Other assets | $0 |
| Total assets | $195,070 |
| 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 | $0 |
| Total liabilities | $0 |