Hu Institute Foundation Corp
- Assets
- $586.0k
- Revenue
- $278.5k
- Investments
- $485.8k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 08/2018
- Data as of
- 12/2021
- 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 12/2021, Hu Institute Foundation Corp generated $278.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $12.9k during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2021
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 UNIV OF SCIENCE AND TECHNOLOGY OF CHINA ALUMNI FOUNDATION TO HELP THE STUDENTS THAT NEED FINANCIAL AID.
GRANTED TO THREE CHARITY ORGANIZATIONS THROUGH NVIDIA FOUNDATION BENEVITY TO HELP SUPPORT PEOPLE IN INDIA AND OTHER COUNTRIES FOR COVID AND OTHER NEEDS
DONATED TO GOFUNDME HELP KIDS EFFORT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yan Song Secretary And Director | 0.5 | $0 | |
Richard Hu Vice President And Director | 0.5 | $0 | |
Fonda Hu CFO And Director | 0.5 | $0 | |
Rongqiang Hu Director | 0.2 | $0 | |
Rongxiang Hu President And Chairman | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $245,490 |
| Interest on Savings | $27 |
| Dividends & Interest | $33 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,997 |
| Capital Gain Net Income | $32,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $278,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $720 |
| Total operating and administrative expenses | $720 |
| Contributions, gifts, grants paid | $12,147 |
| Total expenses and disbursements | $12,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,464 |
| Savings and temporary cash investments | $45,658 |
| 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 | $585,956 |
| 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 $12,147 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: EDUCATION AND MEDICAL RESEARCH | $5,500 |
UNIVERSITY OF SCIENCE AND TECHNOLOG PURPOSE: CHARITY | $4,333 |
GOFUNDME HELPKIDS PURPOSE: CHARITY | $514 |
San Jose, CA PURPOSE: CHARITY | $500 |
UNIVERSITY OF CALIFORNIA LOS ANGELE PURPOSE: CHARITY | $500 |
NVIDIA FOUNDATION THROUGH BENEVITY PURPOSE: CHARITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Coast Conference San Mateo, CA | $4,527,634 | $9,361,437 |
Special Olympics Northern California Inc Pleasant Hill, CA | $10,672,015 | $12,718,855 |
California Interscholastic Federation Sacramento, CA | $12,004,987 | $7,907,718 |
California Interscholastic Federation Southern Section Los Alamitos, CA | $4,563,929 | $4,084,301 |
Rising Sun Center For Opportunity Oakland, CA | $5,693,879 | $3,071,159 |
Sac-Joaquin Section Of The California Interscholastic Federat Lodi, CA | $3,814,597 | $3,827,581 |
Legacy Connections Pasadena, CA | $10,214,939 | $3,750,948 |
Athletic Edge Salem, OR | $716,620 | $2,012,324 |
San Francisco Bicycle Coalitioneducation Fund Inc San Francisco, CA | $133,600 | $1,861,982 |
Pleasanton Girls Soccer Association Pleasanton, CA | $1,693,720 | $2,151,172 |
Great Northwest Athletic Conference Clackamas, OR | $499,014 | $1,563,871 |
Oakland Strokes Incorporated Oakland, CA | $2,634,206 | $1,627,488 |