Fu Generation Foundation Inc is located in Forest Hills, NY. The organization was established in 2008. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, 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. Fu Generation Foundation 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 12/2023, Fu Generation Foundation Inc generated $1.1k 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 (39.8%) each year. All expenses for the organization totaled $1.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FU GENERATION FOUNDATION INC HAS BEEN ESTABLISHED WITH THE PURCHASE OF ASSISTING MANY CHARITABLE ORGANIZATIONS AND CAUSES BY VOLUNTEERING TO HELP THEM WHEN THERE IS A NEED
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fu Founder | 5 | $0 | |
Cindy Fu Treasurer | 5 | $0 | |
Edison Shen President | 5 | $0 | |
Hong Shi Secretary | 1 | $0 | |
John Wu Director | 1 | $0 | |
Ann Chang Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,100 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,744 |
| Total expenses | $1,744 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $222,675 |
| Other assets | $0 |
| Total assets | $222,675 |
| Total liabilities | $644 |
| Net assets or fund balances | $222,031 |