Fudan University Education Development Foundation
- Assets
- $38.0m
- Revenue
- $2.5m
- Investments
- $35.5m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 98-0483202
Organization Overview
Fudan University Education Development Foundation is located in La Jolla, CA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Fudan University Education Development 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 12/2023, Fudan University Education Development Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $892.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUDAN UNIVERSITY EDUCATION DEVELOPMENT FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITH THE MISSION AS PROMOTING HIGHER EDUCATION AND ACADEMIC RESEARCH OF FUDAN UNIVERSITY. FUDAN UNIVERSITY EDUCATION DEVELOPMENT FOUNDATION MAINLY RAISES FUNDS TO SET UP FELLOWSHIPS, SCHOLARSHIPS, FACILITATE STUDENT EXCHANGE AND ENHANCE CAMPUS INFRASTRUCTURES, ETC..
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS & STUDENT FINANCIAL AIDS: TO PROVIDE SUBSTANTIAL SUPPORT FOR STUDENTS' DEVELOPMENT, AND TO SATISFY THE FINANCIAL NEEDS FROM LOW INCOME FAMILIES, FUNDS WERE RAISED TO SET UP KINDS OF SCHOLARSHIPS AND FINANCIAL AIDS, WHICH INCLUDES EXCELLENCE SCHOLARSHIP, LIBERAL ARTS SCHOLARSHIP, RESEARCH SCHOLARSHIP, EXCHANGE STUDENT SCHOLARSHIP, ETC, AND DIFFERENT LEVELS OF FINANCIAL AIDS SO THAT EACH FINANCIALLY CHALLENGED STUDENTS CAN LIVE A HEALTHY LIFE DURING THEIR UNIVERSITY TIME. IN 2023, THERE WERE THIRTEEN (13) SCHOLARSHIPS AND FINANCIAL AIDS PROGRAMS GRANTED, HUNDEREDS OF STUDENTS BENEFITED FROM THOSE SCHOLARSHIPS AND FINANCIAL AIDS.
FACULTY DEVELOPMENT PROGRAM: TO BUILD A WORLD-CLASS UNIVERSITY, FUDAN SETS UP LONG-TERM PLANS ON PROMOTING THE QUALITY OF FACULTY. FOUNDATION RAISED KINDS OF FUNDS FOR FACULTY TRAINING, CHAIR PROFESSOR RECRUITING, FELLOWSHIPS FOR OUTSTANDING FACULTIES AND SPONSORSHIPS FOR ACADEMIC SEMINARS AND LECTURES GIVEN FROM GLOBAL WELL-KNOWN SCHOLARS.IN 2023, THERE WERE THREE (3) FACULTY DEVELOPMENT PROGRAMS WERE GRANTED, WHICH WERE GU TINGLONG CHAIR PROFESSOR, SU RUKENG TEACHING AWARDS AND XIE XIDE CHAIR PROFESSOR.
SCHOOL AND DEPARTMENT FUNDS: SCHOOLS AND DEPARTMENTS SET UP KINDS OF FUNDS UNDER THE FOUNDATION. FUNDS WERE RAISED TO SUPPORT VARIOUS ACTIVITIES OF THE SCHOOL AND DEPARTMENTS, SUCH AS FELLOWSHIPS, SCHOLARSHIPS, ACADEMIC RESEARCH, BOOKS AND MANUSCRIPTS, BUILDING RENOVATION, ALUMNI EVENTS, ETC. IN 2023, THERE WERE TWO(2) SCHOOL AND DEPARTMENT FUNDS GRANTED, INCLUDING DEPARTMENT OF ENVIROMENTAL SCIENCE & ENGINEERING AND UNIVERSITY LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xu Zheng Chairman, Director | OfficerTrustee | 4 | $0 |
Chan Allen Director | Trustee | 1 | $0 |
Yuen Francis Director, Treasurer | OfficerTrustee | 3 | $0 |
Lam Colin Director | Trustee | 1 | $0 |
Chiang Lai Yuen Director | Trustee | 1 | $0 |
Chan Anson Director | 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 | $2,541,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,541,022 |
| Total Program Service Revenue | $0 |
| Investment income | $1,532 |
| 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 | $2,540,976 |
| 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 | $881,258 |
| 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 | $558 |
| Fees for services: Legal | $5,071 |
| Fees for services: Accounting | $5,429 |
| 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 | $506 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $892,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,724 |
| Savings and temporary cash investments | $2,270,606 |
| 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 | $0 |
| Investments—other securities | $35,451,703 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,962,033 |
| 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 | $33,851,783 |
| Net assets with donor restrictions | $4,110,250 |
| 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 | $37,962,033 |