Fudan University Education Development Foundation
- Assets
- $35.7m
- Revenue
- $2.5m
- Investments
- $34.9m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 01/2007
- Data as of
- 12/2021
- 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 12/2021, Fudan University Education Development Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. 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
2021
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 2021, THERE WERE FIFTEEN (15) 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 FUND FOR FACULTY TRAINING, CHAIR PROFESSOR RECRUITING, FELLOWSHIPS FOR OUTSTANDING FACULTIES AND SPONSORSHIPS FOR ACADEMIC SEMINARS AND LECTURES GIVEN FROM GLOBAL WELL-KNOWN SCHOLARS.IN 2021, THERE WAS ONE (1) FACULTY DEVELOPMENT PROGRAMS WERE GRANTED, WHICH WAS HAOQING CHAIR PROFESSOR PROGRAM.
INFRASTRUCTURE DEVELOPMENT: FUNDS ARE RAISED TO SUPPORT ALL MEANS OF INFRASTRUCTURE DEVELOPMENT NECESSARY TO PROVIDE BETTER TEACHING, RESEARCH, AND LIVING CONDITIONS FOR ALL FACULTY, STAFF AND STUDENTS. IN 2021, THE GRANTED FUND WAS USED TO BUILD DONG GU LIZHEN ART MUSEUM AND RENOVATE JIU YUAN BUILDINGS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xu Zheng Chairman, Director | OfficerTrustee | 4 | $0 |
Yuen Francis Director, Treasurer | OfficerTrustee | 4 | $0 |
Yang Zengguo Director, President | OfficerTrustee | 8 | $0 |
Lu Yingfeng Vice President | Officer | 16 | $0 |
Zhang Yi Vice President | Officer | 0.5 | $0 |
Lu Li An Vice President | Officer | 0.5 | $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 | $2,488,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,488,291 |
| Total Program Service Revenue | $0 |
| Investment income | $51,097 |
| 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 | $2,535,242 |
| 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 | $3,189,585 |
| 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 | $522 |
| Fees for services: Legal | $3,937 |
| Fees for services: Accounting | $3,138 |
| 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 | $1,258 |
| 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 | $3,198,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,670 |
| Savings and temporary cash investments | $612,141 |
| 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 | $34,883,422 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,710,233 |
| 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 | $33,383,471 |
| Net assets with donor restrictions | $2,326,762 |
| 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 | $35,710,233 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fudan University Education Development Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,788,325 |
| Earnings | $327,995 |
| Grants | $25,000 |
| Ending Balance | $2,091,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |