Da Vinci Education Foundation Inc
- Assets
- $566.4k
- Revenue
- $125.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Clara, CA
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-4098431
Organization Overview
Da Vinci Education Foundation Inc, operating under the name California University, is located in Santa Clara, CA. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California University 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, California University generated $125.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.0%) each year. All expenses for the organization totaled $122.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DA VINCI EDUCATION FOUNDATION DBA CALIFORNIA UNIVERSITY IS AN INNOVATIVE UNIVERSITY WITH DEGREE PROGRAMS IN STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) TO BENEFIT THE GENERAL PUBLIC. IT ASPIRES PASSIONATE, DYNAMIC AND GLOBAL COMMUNITY THAT FOSTERS LIFELONG LEARNING.WE ARE COMMITTED TO ACADEMIC EXCELLENCE BY A GROUP OF WELL ACHIEVED, FULLY DEDICATED AND HIGHLY EDUCATED SCHOLARS. THROUGH OUR PROGRAMS, WE PROMOTE A FRAMEWORK THAT GROUNDS TEACHING, LEARNING AND RESEARCHING IN ACADEMIC RIGOR, SOCIAL CONCERNS AND MORAL INQUIRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARED BPPE APPLICATION TO SET UP TWO NEW MASTER DEGREE PROGRAMS: MASTER OF SCIENCE IN COMPUTER SCIENCE AND MASTER OF BUSINESS ADMINISTRATION.ALSO PREPARE FOR THE PROGRAMS READY FOR BPPE'S VALIDATION OF PROGRAM CAMPUS AND CLASSROOMS.
BOUGHT OFFICE SUPPLIES FOR THE CLASSROOM AND PREPARE FOR THE MASTER DEGREE PROGRAM; USE ONLINE WEBSITE AND ADVERTISING TO OPEN THE STUDENT MARKET; USE ONLINE TUTOR SERVICE TO HELP STUDENT AND ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Hecker President | Trustee | 30 | $0 |
Qiaoyun Li Ceo, Secretary, Board Memb | OfficerTrustee | 35 | $0 |
Jiawei Liu Board Member | Trustee | 1 | $0 |
George Guim Board Member | Trustee | 1 | $0 |
Jiandong Li Office Manager | Trustee | 35 | $0 |
Marwan Jabri Board Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $124,848 |
| Investment income | $607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,290 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,817 |
| Payroll taxes | $650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,725 |
| Advertising and promotion | $0 |
| Office expenses | $6,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265 |
| Insurance | $3,102 |
| All other expenses | $14 |
| Total functional expenses | $122,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,066 |
| Savings and temporary cash investments | $413,960 |
| 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 | $7,500 |
| Net Land, buildings, and equipment | $1,467 |
| Investments—publicly traded securities | $26,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $566,419 |
| Accounts payable and accrued expenses | $214 |
| 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 | $48 |
| Total liabilities | $262 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $947,050 |
| Retained earnings, endowment, accumulated income, or other funds | -$380,893 |
| Total liabilities and net assets/fund balances | $566,419 |