Casoro Group Education Foundation
- Assets
- $169.3k
- Revenue
- $146.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2022
- EIN
- 86-3920689
Organization Overview
Casoro Group Education Foundation is located in Austin, TX. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Casoro Group Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSE OF CASORO GROUP EDUCATION FOUNDATION IS TO PROMOTE AND ENCOURAGE CHARITABLE AND EDUCATIONAL ACTIVITIES AND EXPERIENCE IN THE COMMERCIAL REAL ESTATE INDUSTRY TO STUDENTS IN UNDERSERVED AND UNDERREPRESENTED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE E4 APPROACH - EXPOSE, EDUCATE, EXPERIENCE, AND EARN: EXPOSE: CASORO GROUP EDUCATION FOUNDATION (CGEF) EXPOSES STUDENTS BY SPEAKING AT CAREER DAYS AND OTHER EVENTS. OUR GOAL IS TO EXPOSE STUDENTS EARLY THAT REAL ESTATE INVESTING AND ALL VARIOUS RELATED PROFESSIONS IS HOW MANY GENERATE WEALTH. IN ADDITION, WE PROVIDE HIGH SCHOOL GUIDANCE COUNSELORS WITH MATERIALS THEY NEED TO HELP THEIR INTERESTED STUDENTS IDENTIFY THE POST-SECONDARY SCHOOLS THAT PROVIDE THE REAL ESTATE INDUSTRY EDUCATION AND THE RIGHT CAREER PATH FOR THOSE WHO CHOSE IT. 305 STUDENTS WERE INTRODUCED TO REAL ESTATE CAREERS AND FIVE STUDENTS GAINED BASIC KNOWLEDGE ABOUT REAL ESTATE INVESTING.EDUCATE: CGEF EDUCATES BY FUNDING REAL ESTATE PROGRAMS IN POST-SECONDARY SCHOOLS LIKE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU). COURSEWORK CONCENTRATES IN ALL ASPECTS OF THE REAL ESTATE ENTERPRISE AND FACILITATES THE DEVELOPMENT OF REAL ESTATE PROFESSIONALS WITH SUPERB ANALYTICAL AND COMMUNICATION SKILLS. FIVE STUDENTS GAINED BASIC KNOWLEDGE ABOUT REAL ESTATE INVESTING.EXPERIENCE: BUSINESSES LOOK MORE FAVORABLY ON JOB CANDIDATES WITH PRIOR EXPERIENCE, WHICH MAKES THIS INCREASINGLY IMPORTANT FOR CGEF TO OFFER TO STUDENTS. STUDENTS GAIN VALUABLE, HANDS-ON EXPERIENCE THROUGH INTERNSHIPS AND BENEFIT FROM THE WISDOM OF MENTORS. THREE REAL ESTATE STUDENTS WERE GIVEN THE OPPORTUNITY TO START BUILDING THEIR NETWORK OF INDUSTRY PROFESSIONALS.EARN: GRADUATES ARE BETTER POSITIONED FOR JOB PLACEMENTS AND INCREASED EARNINGS WITH THE KNOWLEDGE, EXPERIENCE, AND RELATIONSHIPS THEY GAIN THROUGH THE EFFORTS OF CGEF. START-UP SUPPORT AND GUIDANCE IS AVAILABLE FROM CGEF FOR GRADUATES WHO ARE ENTREPRENEURS AND WANT TO START THEIR OWN REAL ESTATE INDUSTRY-RELATED BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuen Yung President / Director | OfficerTrustee | 1.2 | $0 |
Jessica Lee-Wen Secretary / Director | OfficerTrustee | 3.8 | $0 |
Nalie Lee-Wen Treasurer / Director | OfficerTrustee | 0.1 | $0 |
Jessica Chen Director | Trustee | 0.5 | $0 |
Monte Lee-Wen Director | Trustee | 0.1 | $0 |
Minh Tran Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,760 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,671 |
| Noncash contributions included in lines 1a–1f | $23,325 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,431 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,659 |
| Fees for services: Accounting | $11,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $155 |
| Office expenses | $0 |
| Information technology | $2,419 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $169,257 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $169,257 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $169,257 |