Hu Institute Foundation Corp
- Assets
- $215.1k
- Revenue
- $6.1k
- Investments
- $199.0k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 83-0922662
Organization Overview
Hu Institute Foundation Corp is located in Saratoga, CA. The organization was established in 2018. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hu Institute Foundation Corp 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, Hu Institute Foundation Corp generated $6.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (47.7%) each year. All expenses for the organization totaled $69.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hu Institute Foundation Corp has awarded 19 individual grants totaling $128,296. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVE GRANT TO JOHNS HOPKINS UNIVERSITY AND MEDICINE TO FACILITATE THE RESEARCH DEVELOPMENT AND EDUCATION IN THE HEALTH AND MEDICINE FIELD TO HELP FUTURE BREAKTHROUGHS THAT CAN SAVE LIVES AND IMPROVE HEATH OF HUMAN BEING.
GRANTED TO USTCAF FOR SCHOLARSHIPS
GRANT TO SILICON VALLEY TSINGHUA NETWORK FOR CHARITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 3 | $0 | |
Name Not Listed Secretary And Director | 0.5 | $0 | |
Name Not Listed Vice President And Director | 0.5 | $0 | |
Name Not Listed CFO And Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $6,136 |
| Net Rental Income | $0 |
| 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 | $6,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $684 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,035 |
| Printing and publications | $0 |
| Other expenses | $1,544 |
| Total operating and administrative expenses | $9,981 |
| Contributions, gifts, grants paid | $59,410 |
| Total expenses and disbursements | $69,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,632 |
| Savings and temporary cash investments | $3,490 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $215,147 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hu Institute Foundation Corp has awarded $59,410 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY AND MEDICI PURPOSE: GRANT FOR SCHOLARSHIP AND UNIVERSITY PROGRAMS | $57,000 |
SILICON VALLEY TSINGHUA NETWORK PURPOSE: CHARITY DONATION | $800 |
UNIVERSITY OF SCIENCE AND TECHNOLOG PURPOSE: SCHOLARSHIP | $1,610 |