Wang Educational Foundation
- Assets
- $865.7k
- Revenue
- $1.2m
- Investments
- $305.1k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2129884
Organization Overview
Wang Educational Foundation is located in Cupertino, CA. The organization was established in 2019. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wang Educational 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 12/2021, Wang Educational Foundation generated $1.2m in total revenue. All expenses for the organization totaled $264.2k during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weijia Shang Chief Financial Officer | 5 | $0 | |
Wen Huang President | 2 | $0 | |
Bonnie Ikeh Wang Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $116,745 |
| Interest on Savings | $0 |
| Dividends & Interest | $443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,105,546 |
| Capital Gain Net Income | $1,105,546 |
| Net ST Capital Gain | $130,727 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,222,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,350 |
| Total operating and administrative expenses | $4,161 |
| Contributions, gifts, grants paid | $260,000 |
| Total expenses and disbursements | $264,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,245 |
| Savings and temporary cash investments | $485,269 |
| 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 | $865,656 |
| Accounts payable and accrued expenses | $12,740 |
| 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 | $12,740 |
Grants Awarded
Over the last fiscal year, Wang Educational Foundation has awarded $260,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UCAS EDUCATION FOUNDATION PURPOSE: SUPPORT EDUCATION AND RESEARCH | $150,000 |
PURDUE UNIVERSITY PURPOSE: SUPPORT EDUCATION AND RESEARCH | $60,000 |
SANTA CLARA UNIVERSITY PURPOSE: SUPPORTING EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campaign For Great Public Schools Beaverton, OR | $11,922,606 | $23,221,700 |
Alliance For College-Ready Public Schools Los Angeles, CA | $0 | $10,738,936 |
Carnegie Foundation For Advancement Teaching W Coast Office Education Stanford, CA | $131,360,777 | $20,151,205 |
Human-I-T Bell, CA | $11,089,080 | $12,233,470 |
Association Of California School Administrators Burlingame, CA | $34,914,823 | $16,453,112 |
Illustrative Mathematics Oro Valley, AZ | $5,801,016 | $11,729,780 |
California Apt Association Sacramento, CA | $10,618,601 | $9,881,237 |
Institute For Multicultural Counseling And Education Services Los Angeles, CA | $5,975,934 | $7,424,525 |
Arizona Education Association Phoenix, AZ | $8,129,999 | $7,870,679 |
Los Angeles Education Partnership Los Angeles, CA | $2,987,241 | $7,123,624 |
The Primary School Lab East Palo Alto, CA | $1,109,557 | $3,998,000 |
California Certified Organic Farmers Inc Santa Cruz, CA | $8,482,954 | $7,449,221 |