Huiying Memorial Foundation
- Assets
- $10.7m
- Revenue
- $201.6k
- Investments
- $10.4m
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-4050734
Organization Overview
Huiying Memorial Foundation is located in Gaithersburg, MD. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Huiying Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Huiying Memorial Foundation has awarded 44 individual grants totaling $3,362,250. 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
FOUNDATION DONATED TO VARIOUS ORGANIZATIONS THAT WILL SUPPORT THE CHARITABLE PURPOSE OF MEDICAL AND SCIENTIFIC RESEARCH TO FIND CURES FOR DISEASES WITH A PARTICULAR FOCUS ON CANCERS, ESPECIALLY CANCERS WHICH AFFLICT WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wei-Wu He PHD President | 20 | $0 | |
Christina Xia V.P. & Secretary | 40 | $85,000 | |
Olivia He Assistant Programs Manager | 40 | $14,483 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,993 |
| Capital Gain Net Income | $135,993 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,030 |
| Total Revenue | $201,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $99,483 |
| Other employee salaries and wages | $10,548 |
| Pension plans, employee benefits | $8,418 |
| Interest | $0 |
| Taxes | $1,489 |
| Depreciation | $2,378 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $217 |
| Printing and publications | $0 |
| Other expenses | $11,434 |
| Total operating and administrative expenses | $147,987 |
| Contributions, gifts, grants paid | $364,040 |
| Total expenses and disbursements | $512,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,813 |
| Savings and temporary cash investments | $185,878 |
| 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 | $10,351,341 |
| Net Land, buildings, and equipment | $17,923 |
| Other assets | $100,838 |
| Total assets | $10,700,793 |
| 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, Huiying Memorial Foundation has awarded $364,040 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BALLET AFTER DARK PURPOSE: GENERAL USE | $515 |
COLLEGEBOUND FOUNDATION PURPOSE: GENERAL USE | $12,500 |
INTERNATIONAL GIRL'S ENSEMBLE PURPOSE: GENERAL USE | $5,000 |
WELLESLEY COLLEGE PURPOSE: GENERAL USE | $100,000 |
SOUTHERN DOCUMENTARY FUND PURPOSE: GENERAL USE | $5,000 |
ALLURE ALLIANCE PURPOSE: GENERAL USE | $5,000 |