Jun & Christine Qi Foundation
- Assets
- $2.5m
- Revenue
- $563.7k
- Investments
- $336.2k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 83-1598818
Organization Overview
Jun & Christine Qi Foundation is located in San Jose, CA. The organization was established in 2018. 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. Jun & Christine Qi 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, Jun & Christine Qi Foundation generated $563.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $145.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jun & Christine Qi Foundation has awarded 25 individual grants totaling $468,300. 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
BROWN PHYSICS DEPARTMENT FUND BROWN UNIVERSITY
CRU
BROWN ANNUAL FUND BROWN UNIVERSITY
BROWN PROVOST FUND BROWN UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jun Qi CEO | 4 | $0 | |
Xubo Geng CFO & Secretary | 4 | $0 | |
Laura Qi Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $563,684 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $227,517 |
| Net ST Capital Gain | $37,468 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $563,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,736 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,530 |
| Printing and publications | $0 |
| Other expenses | $1,123 |
| Total operating and administrative expenses | $12,109 |
| Contributions, gifts, grants paid | $133,070 |
| Total expenses and disbursements | $145,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119,528 |
| 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 | $2,455,759 |
| 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, Jun & Christine Qi Foundation has awarded $133,070 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN PHYS DEPARTMENT FUND PURPOSE: TO MAKE BROWN ACCESSIBLETO MOST TALENTED STUDENTSFOR ALL BACKGROUNDS. | $20,000 |
BROWN ANNUAL FUND PURPOSE: TO MAKE BROWN ACCESSIBLETO MOST TALENTED STUDENTSFOR ALL BACKGROUNDS. | $10,000 |
BROWN PROVOST FUND PURPOSE: TO SUPPORT FACULTY RESEARCHIN PUBLIC HEALTH | $100,000 |
CRU PURPOSE: TO SUPPORT MISSION AND STUDENTS | $2,970 |
GRACE CHURCH PURPOSE: TO SUPPORT THE CHURCH ACTIVITIES | $100 |