Tlbu Foundation Inc

Organization Overview

Tlbu Foundation Inc is located in West Atlantic City, NJ. The organization was established in 2001. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 02/2022, Tlbu Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tlbu Foundation 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 02/2022, Tlbu Foundation Inc generated $272.6k 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 (9.0%) each year. All expenses for the organization totaled $159.0k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE DIRECT/INDIRECT SCHOLARSHIP FOR EDUCATING ASIAN ELITE STUDENTS ON U.S. LAWS, AS WELL AS OFFERING THEM WITH OPPORTUNITIES TO PROMOTE ACTIVE CULTURAL, ACADEMIC AND SOCIETAL INTERCHANGE WITH AMERICAN ELITE STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TLBU FOUNDATION SUPPORTED 5 STUDENTS WITH LAW SCHOOL TUITION EXPENSES. TLBU ALSO PROVIDED GRANTS TO OTHER SIMILAR ORGANIZATIONS IN EUROPE AND EAST ASIA.


PROVIDES AFTER SCHOOL CLASSES TO INTERNATIONAL HIGH SCHOOL EXCHANGE STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ya Wang
Secretary/treasurer
$9,400
Byung Hwa Lyou
President
$0
Liang Cheng
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $10,000
All other contributions, gifts, grants, and similar amounts not included above$111,951
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$121,951
Total Program Service Revenue$103,720
Investment income $51,764
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$4,792
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $272,643

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