Ping Yen & Ching Yin Sun Education Foundation
- Assets
- $236.4k
- Revenue
- $121.0
- Investments
- $229.3k
- Employees
- 0
- Location
- Gilroy, CA
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 43-2002738
Organization Overview
Ping Yen & Ching Yin Sun Education Foundation is located in Gilroy, CA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ping Yen & Ching Yin Sun Education 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, Ping Yen & Ching Yin Sun Education Foundation generated $121.0 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 (45.1%) each year. All expenses for the organization totaled $11.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO DETROIT ACHIEVEMENT ACADEMY TO PURCHASE ADDITIONAL EDUCATION RESOURCES INCLUDING TEACHER SALARY, FOOD FOR STUDENTS AND SCHOOL SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lilly Ho Treasurer | 20 | $0 | |
Connie Sun Secretary | 5 | $0 | |
Nelson Sun Vice President | 5 | $0 | |
I-Hong Sun President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $5,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,620 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $37 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,050 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $11,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,118 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $236,381 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |