Corymbia Education Foundation
- Assets
- $353.4k
- Revenue
- $39.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 07/2015
- Data as of
- 02/2024
- EIN
- 47-3764626
Organization Overview
Corymbia Education Foundation is located in Bellevue, WA. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Corymbia Education 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 02/2024, Corymbia Education Foundation generated $39.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $64.9k during the year ending 02/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY BONDING AND WELLNESS PROGRAM IS DEDICATED TO SUPPORTING AND ORGANIZING A SERIES OF ENGAGING COMMUNITY EVENTS AIMED AT PROMOTING UNITY, OUTDOOR ACTIVITIES, AND A HEALTHY LIFESTYLE THROUGH EXERCISE AND RUNNING. THIS YEAR, WE ORGANIZED A 50K RACE, GROUP RUNNING AND TEACHING RUNNING BASICS, AS WELL AS VOLUNTEERED IN THE SOMERSET JULY 4TH CELEBRATION EVENT.
IN PARTNERSHIP WITH THE CORYMBIA ENVIRONMENTAL PROGRAM, WE SUCCESSFULLY HOSTED TWO IMPACTFUL INITIATIVES THIS YEAR. THE FIRST INVOLVED ORGANIZING A NINE-DAY EXPEDITION IN DECEMBER 2023, EXPLORING THE CHILE CALAMA DESERT AND THE PATAGONIA MOUNTAIN REGION TO WITNESS AND STUDY THE EFFECTS OF CLIMATE CHANGE. THE SECOND INITIATIVE SAW OUR ACTIVE PARTICIPATION AS DEDICATED VOLUNTEERS IN THE MT. RAINIER MEADOW ROVERS PROGRAM, CONTRIBUTING TO THE PRESERVATION AND EDUCATION EFFORTS IN THIS NATURAL HABITAT.
THE CHINA REUNION AND PROGRAM FOLLOW-UP MARKED A SIGNIFICANT MILESTONE AS WE RETURNED TO SICHUAN AFTER THE COVID LOCKDOWN. REUNITING WITH VOLUNTEERS AND PROGRAM COORDINATORS AND PROGRAM PARTICIPANTS OF THE CORYMBIA SUMMER TEACHING PROGRAM, OUR PRIMARY FOCUS WAS TO ASSESS THE CURRENT STATUS AND GROWTH PATHS OF THE STUDENTS WHO HAD PARTICIPATED IN OUR PROGRAM. WE DILIGENTLY TRACKED THEIR PROGRESS, GAINING VALUABLE INSIGHTS INTO THE IMPACT OF OUR INITIATIVES. THIS EXPERIENCE ALLOWED US TO WITNESS FIRSTHAND THE POSITIVE INFLUENCE OF OUR PROGRAM ON THE STUDENTS AND CONTRIBUTE TO THE BETTERMENT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bin Qi President | 4 | $0 | |
Yan Lu Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300 |
| Interest on Savings | $10,704 |
| Dividends & Interest | $0 |
| Net Rental Income | $16,330 |
| 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 | $39,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $762 |
| Depreciation | $9,122 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $294 |
| Printing and publications | $0 |
| Other expenses | $54,733 |
| Total operating and administrative expenses | $64,911 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $64,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,839 |
| 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 | $119,560 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $353,399 |
| 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 | $19,324 |
| Total liabilities | $19,324 |