Hsu Family Educational Foundation Inc
- Assets
- $0.0
- Revenue
- $700.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Walton Beach, FL
- Founding
- 07/2016
- Data as of
- 10/2020
- EIN
- 47-5426274
Organization Overview
Hsu Family Educational Foundation Inc is located in Fort Walton Beach, FL. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Hsu Family Educational Foundation Inc 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 10/2020, Hsu Family Educational Foundation Inc generated $700.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $580.8k during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hsu Family Educational Foundation Inc has awarded 129 individual grants totaling $397,503. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SUPPORT
DRONE TEAM CHALLENGE
CAMPS/WORKSHOPS/DEMOS/INNOVATION
OTHER
EDUCATIONAL SUPPORT
DRONE TEAM CHALLENGE
CAMPS/WORKSHOPS/DEMOS/INNOVATION
OTHER
EDUCATIONAL SUPPORT
DRONE TEAM CHALLENGE
CAMPS/WORKSHOPS/DEMOS/INNOVATION
OTHER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Majes Hsu Vice President | 0.5 | $0 | |
D Timothy Herndon Secretary/treasurer | 0.5 | $0 | |
Paul S Hsu PHD President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,255 |
| Interest on Savings | $47 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $700,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $19,594 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $655 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $507,132 |
| Contributions, gifts, grants paid | $73,676 |
| Total expenses and disbursements | $580,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,883 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,331 |
Grants Awarded
Over the last fiscal year, Hsu Family Educational Foundation Inc has awarded $221,028 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
EGLIN CHAPTER AIR FORCE ASSOCIATION AEF PURPOSE: KIRK SCHOLARSHIP / DOOLITTLE GOLF TOURNAMENT | $10,000 |
EGLIN CHAPTER AIR FORCE ASSOCIATION AEF PURPOSE: KIRK SCHOLARSHIP / DOOLITTLE GOLF TOURNAMENT | $10,000 |
EGLIN CHAPTER AIR FORCE ASSOCIATION AEF PURPOSE: KIRK SCHOLARSHIP / DOOLITTLE GOLF TOURNAMENT | $10,000 |
Fort Walton Beach, FL PURPOSE: CHARITABLE | $8,102 |
Fort Walton Beach, FL PURPOSE: CHARITABLE | $8,102 |
Niceville, FL PURPOSE: CHARITABLE | $8,102 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hsu Family Educational Foundation Inc has recieved totaling $87,000.
| Awarding Organization | Amount |
|---|---|
Ray Foundation Inc Naples, FL PURPOSE: DRONE CHALLENGE FUNDING SUPPORT | $75,000 |
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $12,000 |
International Leadership Foundation Washington, DC PURPOSE: CHARITABLE DONATION | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |