Huo Family Foundation
- Assets
- $187.7m
- Revenue
- $32.6m
- Investments
- $167.5m
- Employees
- 0
- Location
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 27-1227674
Organization Overview
Huo Family Foundation is located in null. The organization was established in 2010. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Huo Family 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 12/2022, Huo Family Foundation generated $32.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $8.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Huo Family Foundation has awarded 118 individual grants totaling $48,422,420. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yan Huo President | 5 | $0 | |
Xue Fang Chairman | 5 | $0 | |
Philip Michaels Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thalamic Ltd | 12/30/22 | $70,245 |
Withers Llp | 12/30/22 | $67,904 |
Pricewaterhouse Coopers Llp | 12/30/22 | $47,083 |
Faculty Road Ltd | 12/30/22 | $439,101 |
Partners Capital | 12/30/22 | $227,901 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,109,509 |
| Interest on Savings | $53,741 |
| Dividends & Interest | $891,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,495,491 |
| Capital Gain Net Income | $8,649,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,550,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,104 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,160 |
| Total operating and administrative expenses | $1,121,279 |
| Contributions, gifts, grants paid | $6,961,202 |
| Total expenses and disbursements | $8,082,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,216,208 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,592 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $167,539,092 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,944,095 |
| Total assets | $187,700,987 |
| Accounts payable and accrued expenses | $305,598 |
| Grants payable | $6,084,852 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,390,450 |
Grants Awarded
Over the last fiscal year, Huo Family Foundation has awarded $8,085,082 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRITISH MUSEUM PURPOSE: CHINA'S HIDDEN CENTURY EXHIBITION | $182,025 |
COLUMBIA UNIVERSITY PURPOSE: SCHOLARSHIP FOR MSPH AND SUMMER PRACTICUMS | $500,000 |
FUDAN UNIVERSITY PURPOSE: PHD PLACEMENT PROGRAMME | $335,000 |
HELP MUSICIANS PURPOSE: CORONAVIRUS HARDSHIP FUNDING | $62,568 |
OXFORD INTERNET INSTITUTE PURPOSE: ADOLESCENT WELLBEING IN THE DIGITAL AGE | $266,428 |
PRINCETON UNIVERSITY PURPOSE: TO SUPPORT THE GRADUATE SCHOOL'S PROFESSIONAL DEV | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|