Peking University Education Foundation Usa is located in San Mateo, CA. The organization was established in 2000. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Peking University Education Foundation USA employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peking University Education Foundation USA 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, Peking University Education Foundation USA generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $6.6m 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
TO SUPPORT PEKING UNIVERSITY'S LONG-TERM DEVELOPMENT AND TO PROMOTE THE U.S.-CHINA EXCHANGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRANTS WERE USED FOR BRAIN RESEARCH PROJECT AND FOR INTERNATIONAL HIGHER EDUCATION EXCHANGE AND RESEARCH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shirley Liu Treasurer | Officer | 50 | $120,000 |
Lin Zhao President | OfficerTrustee | 10 | $0 |
Zhihong Xu Chairman | OfficerTrustee | 1 | $0 |
Weifang Min Vice Chairman | OfficerTrustee | 1 | $0 |
David S Lee Director | Trustee | 1 | $0 |
Wen Hai Director | Trustee | 1 | $0 |
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 | $5,635,896 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,635,896 |
Total Program Service Revenue | $0 |
Investment income | $745,509 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$79,760 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,301,645 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $166,665 |
Grants and other assistance to domestic individuals. | $50,000 |
Grants and other assistance to Foreign Orgs/Individuals | $5,827,664 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $123,000 |
Compensation of current officers, directors, key employees. | $98,400 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $104,279 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $23,386 |
Payroll taxes | $24,548 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,252 |
Fees for services: Accounting | $38,288 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $114,886 |
Fees for services: Other | $34,997 |
Advertising and promotion | $0 |
Office expenses | $4,262 |
Information technology | $1,338 |
Royalties | $0 |
Occupancy | $52,484 |
Travel | $1,944 |
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 | $4,139 |
All other expenses | $0 |
Total functional expenses | $6,589,621 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,546,043 |
Savings and temporary cash investments | $285,920 |
Pledges and grants receivable | $25,426,623 |
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 | $36,640,888 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $71,323 |
Total assets | $64,970,797 |
Accounts payable and accrued expenses | $52,984 |
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 | $68,115 |
Total liabilities | $121,099 |
Net assets without donor restrictions | $2,576,392 |
Net assets with donor restrictions | $62,273,306 |
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 | $64,970,797 |
Over the last fiscal year, Peking University Education Foundation Usa has awarded $155,500 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
ERVIN COHEN & JESSUP LLP PURPOSE: PROJECT PKU BERGGRUEN RESEARCH CENTER | $7,000 |
PEKING UNIVERSITY CENTER IN CHICAGO PURPOSE: PROJECT PKUEF (USA) DEVELOPMENT FUND | $142,500 |
UNIVERSITY OF HAWAII PURPOSE: PROJECT PKU BERGGRUEN RESEARCH CENTER | $6,000 |