Joseph Tse Foundation A New Jersey Nonprofit Corporation
- Assets
- $3.9m
- Revenue
- $4.1m
- Investments
- $3.6m
- Employees
- 0
- Location
- Glen Rock, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 85-2595083
Organization Overview
Joseph Tse Foundation A New Jersey Nonprofit Corporation is located in Glen Rock, NJ. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Tse Foundation A New Jersey Nonprofit Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fern Hsu Tse President | 3 | $23,680 | |
Tony S Hsu Trustee | 1 | $0 | |
Margaret H Mow Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,057,883 |
| Interest on Savings | $26 |
| Dividends & Interest | $19,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,473 |
| Capital Gain Net Income | $56,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,134,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,680 |
| Other employee salaries and wages | $33,680 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $77,643 |
| Contributions, gifts, grants paid | $186,000 |
| Total expenses and disbursements | $263,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| 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 | $3,861,723 |
| 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, Joseph Tse Foundation A New Jersey Nonprofit Corporation has awarded $186,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ZIGEN FUND PURPOSE: UNRESTRICTED | $66,000 |
San Jose, CA PURPOSE: UNRESTRICTED | $20,000 |
CHINA INSTITUTE PURPOSE: UNRESTRICTED | $20,000 |
CHILDREN OF CHINA PEDIATRICS FOUND PURPOSE: UNRESTRICTED | $20,000 |
PEOPLE FOR GUATEMALA PURPOSE: UNRESTRICTED | $10,000 |
EVERGREEN EDUCATION FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Summer Camp Opportunities Promote Education Inc Astoria, NY | $2,178,412 | $1,193,095 |
Youth Foundation Inc New York, NY | $10,787,193 | $1,768,490 |
Children And Screens-Institute Of Digital Media And Child Developmen Jericho, NY | $4,602,497 | $2,120,604 |
Buffalo Sabres Foundation Buffalo, NY | $633,341 | $899,798 |
Joseph Tse Foundation A New Jersey Nonprofit Corporation Glen Rock, NJ | $3,861,723 | $4,134,009 |
Hm Sarij Family Foundation Inc Deer Park, NY | $3,225,960 | $1,832,873 |
Hugh Obrian Youth Leadership Latham, NY | $134,625 | $0 |
Kids Club Of Tarrytown & Sleepy Hollow Inc Tarrytown, NY | $204,713 | $0 |
Friends Of Hudson Youth Inc Hudson, NY | $157,295 | $198,282 |
Ymca Youth Foundation Of The Central Atlantic Area Asbury Park, NJ | $1,608,193 | $85,480 |
Young Womens College Prep Foundation Inc Rochester, NY | $46,616 | $0 |
Creative Waves Foundation New York, NY | $31,572 | $0 |