Friends Of The University Of The Philippines Foundation In America
- Assets
- $1.4m
- Revenue
- $119.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, CA
- Founding
- 10/1982
- Data as of
- 06/2023
- EIN
- 94-2838248
Organization Overview
Friends Of The University Of The Philippines Foundation In America is located in Concord, CA. The organization was established in 1982. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The University Of The Philippines Foundation In America 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 06/2023, Friends Of The University Of The Philippines Foundation In America generated $119.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $79.5k during the year ending 06/2023. While expenses have increased by 10.2% per year over the past 5 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.
Since 2015, Friends Of The University Of The Philippines Foundation In America has awarded 16 individual grants totaling $399,627. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GROWTH AND DEVELOPMENT OF COLLEGIATE AND GRADUATE EDUCATION AND SCHOLARSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN PROGRAM SERVICE IS TO FOSTER BETTER UNDERSTANDING AND PROMOTE GOOD RELATIONS BETWEEN PHILIPPINE EDUCATIONAL ORGANIZATIONS AND INSTITUTIONS, AND SIMILAR UNITED STATES INSTITUTIONS; TO DEVELOP SUCH PROGRAMS, PROJECTS, AND OTHER ACTIVITIES THAT WILL ENHANCE THE QUALITY OF EDUCATION AND LEARNING IN THE PHILIPPINES AND THE UNITED STATES; TO HELP PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO INSTITUTIONS AND ORGANIZATIONS BY WAY OF DIRECT OR INDIRECT MONETARY DONATIONS AND OTHER FORMS OF SUPPORT, INCLUDING WITHOUT LIMITATION, SOLICITING THE DONATIONS OF BOOKS, JOURNALS, AND EQUIPMENT; ARRANGING FOR SCHOLARSHIPS, STUDY AND RESEARCH GRANTS; AND INVITING PROMINENT EDUCATORS TO VISIT THE PHILIPPINES AND THE UNITED STATES TO LECTURE OR PARTICIPATE IN APPROPRIATE STUDY OF TRAINING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo A Jimenez President | OfficerTrustee | 30 | $0 |
Lourdes Tancinco Vice Chair | OfficerTrustee | 30 | $0 |
Sonia T Delen Corporate Secretary | OfficerTrustee | 30 | $0 |
Julieta Zarate Hudson Board Member | Trustee | 48 | $0 |
Polly S Cortez CFO | OfficerTrustee | 60 | $0 |
Marian Catedral King Board Member | Trustee | 12 | $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 | $70,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,785 |
| Total Program Service Revenue | $0 |
| Investment income | $46,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $119,131 |
| 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 | $73,982 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $0 |
| Information technology | $360 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,295 |
| All other expenses | $0 |
| Total functional expenses | $79,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $4,736 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,427,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,432,284 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $547,250 |
| Net assets with donor restrictions | $885,034 |
| 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 | $1,432,284 |
Grants Awarded
Over the last fiscal year, Friends Of The University Of The Philippines Foundation In America has awarded $111,526 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UP BUSINESS RESEARCH FOUNDATION PURPOSE: EDUCATIONAL GRANT | $2,090 |
UP FOUNDATION INC PURPOSE: EDUCATIONAL SCHOLARSHIPS AND GRANTS | $69,526 |
KAAGAPAY UPS TRUST PURPOSE: EDUCATIONAL FUND | $2,750 |
UPERDFI PURPOSE: EDUCATION GRANT | $37,160 |