Ivymax Foundation - Ivy Club Usa
- Assets
- $451.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-3622198
Organization Overview
Ivymax Foundation - Ivy Club Usa is located in Irvine, CA. The organization was established in 2014. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivymax Foundation - Ivy Club USA 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, Ivymax Foundation - Ivy Club USA generated $87.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $58.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yibizhang Director | 3 | $0 | |
Lihua Wang Secretary | 5 | $0 | |
Liang Peng Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,863 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $84 |
| Total Revenue | $87,947 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,500 |
| Printing, publications, postage, and shipping | $4,870 |
| Other expenses | $51,682 |
| Total expenses | $58,052 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $451,770 |
| Other assets | $0 |
| Total assets | $451,770 |
| Total liabilities | $0 |
| Net assets or fund balances | $451,770 |