Shoucheng Zhang Foundation
- Assets
- $967.1k
- Revenue
- $173.3k
- Investments
- $719.1k
- Employees
- 0
- Location
- Stanford, CA
- Founding
- 03/2015
- Data as of
- 09/2022
- EIN
- 47-2268821
Organization Overview
Shoucheng Zhang Foundation is located in Stanford, CA. The organization was established in 2015. 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. Shoucheng Zhang 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 09/2022, Shoucheng Zhang Foundation generated $173.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $40.2k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) STANFORD PHYSICS FELLOWSHIPS WITH INTERNATIONAL AND INTERDISCIPLINARY COLLABORATIONS. WE COORDINATED WITH THE STANFORD PHYSICS DEPARTMENT TO ESTABLISH A SHOUCHENG ZHANG FELLOWSHIP FOR SELECT STANFORD GRADUATE STUDENTS PURSUING RESEARCH IN MATERIAL SCIENCE AND CONDENSED MATTER PHYSICS. THIS COLLABORATION STARTED IN 2019, SHORTLY AFTER PROFESSOR ZHANGS PASSING. THIS YEAR, 2022-2023, THE PROGRAM SELECTED ANOTHER FOUR OUTSTANDING FELLOWS TO JOIN THE STANFORD SHOUCHENG ZHANG FELLOWSHIP AT STANFORD. THE FOUNDATION ALSO HOSTED EVENTS FOR STANFORD FACULTY AND STUDENTS TO DISCUSS NEW DISCOVERIES IN SCIENCE AND FURTHER COLLABORATIONS IN RESEARCH. ATTACHED BELOW ARE PHOTOS FROM A GATHERING BETWEEN THE NEW FELLOWS AND STANFORD FACULTY.
2) STANFORD SCCEI (STANFORD CENTER ON CHINAS ECONOMY AND INSTITUTIONS)WE HELPED TO SUPPORT THE OPERATIONS AND SUMMER STUDENT OF THE STANFORD RURAL EDUCATION ACTION PROGRAM (REAP), WHICH IS A PROGRAM UNDER STANFORD CENTER ON CHINA'S ECONOMY AND INSTITUTIONS . WITH THE FOUNDATIONS SUPPORT, THE REAP PROGRAM WAS ABLE TO SIFT THROUGH BRILLIANT IDEAS FROM THE SCIENTIFIC COMMUNITY AND FIND ONES SHOWING PROMISE FOR IMPROVING REAL-WORLD ISSUES AFFECTING CHILDREN'S HEALTH AND EDUCATION IN RURAL CHINA. HTTPS://SCCEI.FSI.STANFORD.EDU/REAP/
3) WORK TOGETHER WITH THE ELEVATE TUTORING PROGRAM. THIS YEAR THE SHOUCHENG ZHANG FOUNDATION IS CONTINUOUSLY WORKING WITH THE ELEVATE TUTORING TO HELP PROVIDING SCHOLARSHIP MONEY TO FIRST-GENERATION COLLEGE STUDENTS WHO RECEIVE TRAINING AND THEN PROVIDE FREE STEM TUTORING TO IN-NEED MIDDLE AND HIGH SCHOOL STUDENTS. THE TUTOR TRAINING FELLOWSHIP PROGRAM IS HALFWAY THROUGH ITS 12TH YEAR AND HAS NOW SEEN 200 TUTORS PROVIDE OVER 19,000 HOURS OF FREE STEM TUTORING. I WAS HONORED TO ATTEND THE SHOUCHENG ZHANG SCHOLARSHIP RECIPIENTS, KATE DUONG AND NIKLAS FEIL-HAWS GRADUATION CEREMONY.
4) SUPPORT STANFORD HAI PROGRAM. WE HELPED SUPPORT THE STANFORD INSTITUTE FOR HUMAN-CENTERED ARTIFICIAL INTELLIGENCE THROUGH DONATIONS, COLLABORATION BUILDING, AND EVENT PUBLICITY. WE HELPED ORGANIZE SEVERAL INTRODUCTIONS BETWEEN KEY PARTNERS AND PROFESSOR FEI-FEI LI, THE DENNING CO-DIRECTOR OF STANFORD HAI. WE ALSO ORGANIZED DISCUSSIONS AMONG STANFORD STUDENTS AND FACULTY ABOUT THE VISION AND DIRECTION OF THE STANFORD HAI PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Zhang CEO & CFO | 10 | $0 | |
Stephanie Zhang Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,420 |
| Capital Gain Net Income | $14,420 |
| Net ST Capital Gain | $7,975 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,590 |
| Total operating and administrative expenses | $31,208 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $40,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,989 |
| 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 | $0 |
| Investments—other | $719,076 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $967,065 |
| Accounts payable and accrued expenses | $9,000 |
| 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 | $9,000 |
Grants Awarded
Over the last fiscal year, Shoucheng Zhang Foundation has awarded $9,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASIA SOCIETY NORTHERN CALIFORNIA PURPOSE: CHARITABLE DONATION | $5,000 |
ASIAN ART MUSEUM FOUNDATION PURPOSE: CHARITABLE DONATION | $4,000 |