Huo Family Foundation
- Assets
- $180.8m
- Revenue
- $30.4m
- Investments
- $161.6m
- Employees
- 0
- Location
- Founding
- 04/2010
- Data as of
- 12/2021
- 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 12/2021, Huo Family Foundation generated $30.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $7.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Huo Family Foundation has awarded 94 individual grants totaling $40,337,338. 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 | |
Philip Michaels Director | 5 | $0 | |
Xue Fang Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,158,465 |
| Interest on Savings | $3,143 |
| Dividends & Interest | $2,985,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,231,208 |
| Capital Gain Net Income | $2,231,208 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000,000 |
| Total Revenue | $30,378,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,896 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,575 |
| Total operating and administrative expenses | $1,873,054 |
| Contributions, gifts, grants paid | $5,422,987 |
| Total expenses and disbursements | $7,296,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,642,379 |
| 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 | $21,052 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $161,570,904 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,548,138 |
| Total assets | $180,782,473 |
| Accounts payable and accrued expenses | $310,646 |
| Grants payable | $4,120,295 |
| 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 | $4,430,941 |
Grants Awarded
Over the last fiscal year, Huo Family Foundation has awarded $20,305,898 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
TEACH FOR CHINA HK LTD PURPOSE: TO SUPPORT GENERAL FUND | $1,000,000 |
TEACH FOR CHINA HK LTD PURPOSE: TO SUPPORT GENERAL FUND | $1,000,000 |
FUDAN UNIVERSITY PURPOSE: PHD PLACEMENT PROGRAMME | $960,000 |
FUDAN UNIVERSITY PURPOSE: PHD PLACEMENT PROGRAMME | $960,000 |
OXFORD INTERNET INSTITUTE PURPOSE: ADOLESCENT WELLBEING IN THE DIGITAL AGE | $888,957 |
OXFORD INTERNET INSTITUTE PURPOSE: ADOLESCENT WELLBEING IN THE DIGITAL AGE | $888,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivey Business School Foundation | $20,172,840 | $19,210,645 |
Huo Family Foundation | $180,782,473 | $30,378,058 |
Black Heart Foundation Us | $374,009 | $2,243,879 |
Multinational Educational Charitable Tr 1909 | $10,567,231 | $43,044 |
Multinational Scholars Charitable Trust 1907 | $8,702,469 | $29,663 |
Prairie Centre For Christian Education | $445,894 | $384,259 |
Delta Environmental & Education Foundation | $64,172 | $300,286 |