Young Pearl Education Foundation
- Assets
- $273.3k
- Revenue
- $34.5k
- Investments
- $268.4k
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 46-1564493
Organization Overview
Young Pearl Education Foundation is located in Los Gatos, CA. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Young Pearl 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 12/2022, Young Pearl Education Foundation generated $34.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $21.2k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDEMPTION CHURCH BAY AREA 105 TECHNOLOGY DRIVE SAN JOSE CA 95124
KHAN ACADEMY PO BOX 1630 MOUNTAIN VIEW CA
HILLSDALE COLLEGE
NEW TANG DYNASTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Chan Usa CEO | 4 | $0 | |
Maria Chan Usa CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $8,683 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,618 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $34,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $255 |
| Total operating and administrative expenses | $5,673 |
| Contributions, gifts, grants paid | $15,520 |
| Total expenses and disbursements | $21,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,946 |
| Savings and temporary cash investments | $0 |
| 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 | $273,336 |
| 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 |
Grants Awarded
Over the last fiscal year, Young Pearl Education Foundation has awarded $15,520 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
REDWMPTION CHURCH WEST COAST PURPOSE: BIBLE CLASS FOR CHURCH | $5,000 |
HILLSDALE COLLEGE PURPOSE: EDUCATION FUND FOR COLLEGE | $4,000 |
NEW TANG DYNASTY PURPOSE: GENERAL EDUCATION FOR AMERICAN | $4,000 |
KHAN ACADEMY PURPOSE: MASS EDUCATION FOR SCHOOL KIDS | $1,000 |
WIKIPEDIA PURPOSE: GENERAL EDUCATION FOR PUBLIC | $500 |
WORLD VISION PURPOSE: WELL BEING FOR 3RD WORLD CHILDREN | $420 |