Tsinghua Education Foundation N A Inc
- Assets
- $116.7m
- Revenue
- $26.7m
- Investments
- $13.7m
- Employees
- 3
- Location
- Milpitas, CA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 52-2073001
Organization Overview
Tsinghua Education Foundation N A Inc is located in Milpitas, CA. The organization was established in 1998. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Tsinghua Education Foundation N A Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tsinghua Education Foundation N A Inc 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 12/2021, Tsinghua Education Foundation N A Inc generated $26.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1997, TEFNA HAS ESTABLISHED, FOSTERED AND MAINTAINED EDUCATIONAL EXCHANGES AND COLLABORATION BETWEEN TSINGHUA UNIVERSITY IN CHINA AND OTHER UNIVERSITIES, COLLEGES, COMPANIES AND INDUSTRIES IN THE US AND OTHER COUNTRIES OUTSIDE OF CHINA. IN ADDITION, TEFNA IS DEDICATED TO PROMOTING EDUCATIONAL PROGRAMS ON US-CHINA RELATIONS, JOINT VENTURES, BUSINESS AND TRADE. FURTHERMORE, TEFNA SUPPORTS PROGRAMS ADVANCING UNDERGRADUATE AND GRADUATE EDUCATION, SCIENTIFIC RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO TSINGHUA UNIVERSITY EDUCATION FOUNDATION
GRANTS TO TSINGHUA INNOVATION ACADEMY LLC
GRANTS TO UNIVERSITY OF PITTSBURGH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yang Liu | 40 | $0 | |
Xuan Fu President | Officer | 0.3 | $0 |
Sue Zhang Director | Trustee | 0.3 | $0 |
Xinhong Lin Director | Trustee | 0.3 | $0 |
Dunson Cheng Director | Trustee | 0.3 | $0 |
Feng Deng Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,599,823 |
| Noncash contributions included in lines 1a–1f | $328,608 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,599,823 |
| Total Program Service Revenue | $0 |
| Investment income | $77,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,673,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,343,224 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,993 |
| Compensation of current officers, directors, key employees. | $32,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,675 |
| Fees for services: Accounting | $47,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,385 |
| Advertising and promotion | $0 |
| Office expenses | $399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,929 |
| Travel | $26,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $648 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,617 |
| All other expenses | $0 |
| Total functional expenses | $8,640,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,616,747 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,062,339 |
| Investments—other securities | $13,670,000 |
| Investments—program-related | $74,306,538 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $116,655,625 |
| Accounts payable and accrued expenses | $34,407 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,407 |
| Net assets without donor restrictions | $31,079,420 |
| Net assets with donor restrictions | $85,541,798 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $116,655,625 |
Grants Awarded
Over the last fiscal year, Tsinghua Education Foundation N A Inc has awarded $2,900,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REGENTS OF UC PURPOSE: TBSI | $2,500,000 |
Pittsburgh, PA | | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Tsinghua Education Foundation N A Inc has recieved totaling $6,037,050.
| Awarding Organization | Amount |
|---|---|
Starr Foundation New York, NY PURPOSE: SCHWARZMAN SCHOLARS PROGRAM | $5,000,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $400,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $400,000 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX PURPOSE: SCHWARZMANN SCHOLARS PROGRAM | $200,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,600 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asse International Inc Laguna Beach, CA | $13,307,680 | $11,394,150 |
Cultural Homestay International San Rafael, CA | $8,209,309 | $6,578,912 |
Tsinghua Education Foundation N A Inc Milpitas, CA | $116,655,625 | $26,673,900 |
International Cultural Exchange Services Inc Henderson, NV | $6,059,085 | $6,192,955 |
Students International Visalia, CA | $3,803,610 | $5,517,507 |
Global Citizen Year Incorporated Oakland, CA | $3,142,246 | $4,153,103 |
Ayusa International San Francisco, CA | $2,562,427 | $4,128,665 |
Education Travel & Culture Inc Portland, OR | $4,814,331 | $3,413,705 |
Sts Foundation Laguna Beach, CA | $573,475 | $1,659,006 |
International Cultural Exchange Organization Inc Folsom, CA | $3,995,033 | $1,863,146 |
Institute Of Global Exchange Inc Torrance, CA | $451,533 | $1,176,091 |
Amity Institute Ltd San Diego, CA | $1,222,471 | $682,814 |