Nus America Inc is located in San Mateo, CA. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 03/2024, Nus America Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nus America 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 03/2024, Nus America Inc generated $664.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $664.3k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
INDUSTRIAL INTERNSHIPS FOR STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOCK71 SAN FRANCISCO:BLOCK71 SAN FRANCISCO WAS ESTABLISHED TO FURTHER ENHANCE THE NUS OVERSEAS COLLEGES (NOC) PROGRAM AND ENHANCE NATIONAL UNIVERSITY OF SINGAPORE (NUS) STUDENTS AND ALUMNI'S ENTREPRENEURIAL EXPERIENCE, A CO-WORKING AND INCUBATOR SPACE HAS BEEN SET UP IN SAN FRANCISCO TO OFFER EARLY AND GROWTH STAGE SINGAPOREAN STARTUPS ASSISTANCE TO EXPLORE THE US MARKET, ACCESS BUSINESS OPPORTUNITIES AND ESTABLISH NEW CUSTOMER RELATIONSHIPS NOC INTERNS, NUS STUDENTS AND ALUMNI, AS WELL AS STARTUPS FROM SINGAPORE USE THE SPACE FOR MARKETING EVENTS, AND CONDUCT BUSINESS ACTIVITIES.
NUS OVERSEAS COLLEGES NEW YORK:NUS OVERSEAS COLLEGES NEW YORK WAS FORMED TO ACCOMPLISH THE OBJECTIVE OF THE NATIONAL UNIVERSITY OF SINGAPORE (NUS) TO CULTIVATE LEADING ENTREPRENEURS BY IMMERSING A HIGHLY SELECTED GROUP OF NUS STUDENTS IN STARTUP DYNAMICS AND D1STINGUISH ACADEMIC ENVIRONMENT, THE NUS COLLEGE IN SILICON VALLEY (NCSV) WAS ESTABLISHED IN 2001. THIS WAS FOLLOWED BY THE LAUNCH OF THE NUS COLLEGE IN BIO VALLEY (NCBV) IN 2002. THE NCBV PROGRAM CEASED OPERATION IN DECEMBER 2014. A NEW PROGRAM, THE NUS COLLEGE IN NEW YORK (NCNY) WAS OPENED IN JANUARY 2014 IN NEW YORK CITY. THE NCNY PROGRAM IS DESIGNED TO BUILD ON THE SUCCESSES OF THE NCSV AND NCBV PROGRAMS, WITH ADAPTATIONS TO TAKE ADVANTAGE OF THE EXCITING OPPORTUNITIES IN THE FAST-GROWING AND VIBRANT TECH SCENE IN NEW YORK CITY ACROSS ALL DIGITAL AND TECHNOLOGY SECTORS. NUS STUDENTS WILL SPEND A YEAR AS INTERNS IN TECH STARTUPS AND IN PARALLEL THEY WILL ATTEND ENTREPRENEURSHIP COURSES AT PARTNER UNIVERSITY. NYU TANDON SCHOOL OF ENGINEERING (FORMERLY KNOWN AS NYU POLYTECHNIC SCHOOL OF ENGINEERING). STUDENTS ARE EXPECTED TO RETURN TO SINGAPORE WITH A PARADIGM SHIFT IN MINDSET, MOTIVATED TO PROMOTE THE ENTREPRENEURIAL SPIRIT AMONG NUS STUDENTS AND CREATE AN ENTREPRENEURIAL HUB IN SINGAPORE. NUS STUDENTS ARE AWARDED WITH FULL CREDITS FOR SPENDING 2 SEMESTERS OVERSEAS ON THE INTERNSHIP AND COURSES. THE CREDITS ARE TRANSFERRED BACK TO NUS TO FULFILL A PART OF THEIR BACHELOR DEGREES.
NUS OVERSEAS COLLEGES SILICON VALLEY:NUS OVERSEAS COLLEGES SILICON VALLEY(NCSV) AIMS TO CULTIVATE DYNAMIC AND RESOURCEFUL ENTREPRENEURS BY IMMERSING A SELECTED GROUP OF NUS STUDENTS IN THE ENTREPRENEURIAL AND ACADEMIC ENVIRONMENT IN SILICON VALLEY. STUDENTS WILL RETURN WITH A PARADIGM SHIFT IN MINDSET, MOTIVATED TO PROMOTE THE ENTREPRENEURIAL SPIRIT AMONG NUS STUDENTS AND CREATE AN ENTREPRENEURIAL HUB IN SINGAPORE. THIS PROGRAM IS DESIGNED FOR STUDENTS TO SPEND ONE YEAR AS INTERNS IN TECHNOLOGY-BASED STARTUPS. AT THE SAME TIME, STUDENTS WILL, CONCURRENTLY, ATTEND ENTREPRENEURSHIP AND DISCIPLINE-BASED COURSES OFFERED BY STANFORD UNIVERSITY, OTHER INSTITUTIONS IN SILICON VALLEY AS WELL AS COURSES PROVIDED BY NUS. NUS HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH STANFORD CENTRE FOR PROFESSIONAL DEVELOPMENT (SCPD) TO DEVELOP COLLABORATION BETWEEN THE 2 INSTITUTIONS. AS PART OF THIS AGREEMENT, NCSV STUDENTS WILL TAKE ENTREPRENEURSHIP COURSES TOGETHER WITH THE REGULAR STANFORD STUDENTS. CREDITS GAINED FROM THESE COURSES WILL BE TRANSFERRED TO NUS FOR PARTIAL FULFILLMENT OF NUS DEGREE REQUIREMENTS. THE AGREEMENT ALSO PROVIDES FOR JOINT COURSE DEVELOPMENT AND RESEARCH COLLABORATION IN ENTREPRENEURSHIP. THERE ARE 2 INTAKES PER YEAR. ALL FULL TIME NUS UNDERGRADUATES PREFERABLY IN THEIR 4TH OR 5TH SEMESTERS WHO HAVE OBTAINED 80 MODULAR CREDITS (MCS) BY JANUARY OR JULY ARE ELIGIBLE TO APPLY. THEY WILL SPEND 12 MONTHS IN SILICON VALLEY BEFORE RETURNING TO NUS TO COMPLETE THE REST OF THEIR BACHELOR DEGREE REQUIREMENTS. THE PROGRAM IS INTENDED TO BE ACADEMICALLY AND FINANCIALLY NEUTRAL FOR THE STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angeline Ai Fong Tan Secretary | OfficerTrustee | 40 | $105,000 |
Yeow Meng Chee President & CEO | Trustee | 2 | $0 |
Chee Keong Tee CFO | Trustee | 2 | $0 |
Harpreet Singh Director | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $630,114 |
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 | $630,114 |
Total Program Service Revenue | $15,300 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $17,764 |
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 | $664,303 |
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. | $105,000 |
Compensation of current officers, directors, key employees. | $31,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $191,744 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $68,053 |
Payroll taxes | $25,026 |
Fees for services: Management | $0 |
Fees for services: Legal | $75,193 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $461 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $117,277 |
Travel | $428 |
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 | $0 |
Insurance | $3,020 |
All other expenses | $17,378 |
Total functional expenses | $664,303 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $330,188 |
Savings and temporary cash investments | $0 |
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 | $7,000 |
Net Land, buildings, and equipment | $13,803 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $108,889 |
Other assets | $20,905 |
Total assets | $480,785 |
Accounts payable and accrued expenses | $1,380 |
Grants payable | $0 |
Deferred revenue | $275,779 |
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 | $109,489 |
Total liabilities | $386,648 |
Net assets without donor restrictions | $94,137 |
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 | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $480,785 |