Erudite Learning Foundation
- Assets
- $2.8m
- Revenue
- $403.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 07/2015
- Data as of
- 11/2023
- EIN
- 47-2530242
Organization Overview
Erudite Learning Foundation is located in Foster City, CA. The organization was established in 2015. 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. Erudite Learning 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 11/2023, Erudite Learning Foundation generated $403.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $577.7k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Erudite Learning Foundation has awarded 23 individual grants totaling $674,475. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING SCHOLARSHIPS ANNUALLY TO HIGH ACHIEVING STUDENTS FROM UNDERPRIVILEGED FAMILY BACKGROUND IN SAN FRANCISCO BAY AREA HIGH SCHOOLS AND CHONGQUING, CHINA
PARTICIPATING AND FUNDING A SUNDAY SCHOOL FOR CHILDREN AND CHOIR AT A LOCAL CHURCH BY PROVIDING MATERIALS AND RENTING SPACE.
MUSIC PROGRAM EXPENSES WITH TIANLU MUSIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiaohong Liu President & CEO | 4 | $0 | |
Qunhui Li Secretary | 8 | $0 | |
Eric Lee Liu CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $129 |
| Dividends & Interest | $42,776 |
| Net Rental Income | $9,550 |
| Net Gain on Sale of Assets | $322,168 |
| Capital Gain Net Income | $322,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,326 |
| Total Revenue | $403,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $296,303 |
| Depreciation | $5,363 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,410 |
| Total operating and administrative expenses | $427,837 |
| Contributions, gifts, grants paid | $149,900 |
| Total expenses and disbursements | $577,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,317 |
| Savings and temporary cash investments | $1,578,022 |
| 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 | $105,368 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,826,418 |
| 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, Erudite Learning Foundation has awarded $149,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHIN SHIN EDUCATIONAL FOUNDATION PURPOSE: GENERAL SUPPORT | $130,000 |
SINAPI CHURCH PURPOSE: GENERAL SUPPORT | $19,900 |