Brotherhood Cup Foundation is located in Oakland, CA. 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. Brotherhood Cup 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, Brotherhood Cup Foundation generated $73.4k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $45.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BROTHERHOOD CUP FOUNDATION IS A NONPROFIT ORGANIZATION DEDICATED TO INCREASING EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED INDIVIDUALS LIVINGIN OUR LOCAL COMMUNITIES, AS WELL AS UNDERSERVED COMMUNITIES AROUND THE WORLD, WITH AN INITIAL FOCUS ON UNDERSERVED AREAS OF SINGAPORE. WEWILL ACCOMPLISH THIS GOAL BY OFFERING SCHOLARSHIPS AND GRANTS TO HELP COVER THE COSTS OF PARTICIPATING IN EDUCATIONAL PROGRAMS. IN ADDITION TOOFFERING SCHOLARSHIPS AND GRANTS, OUR ORGANIZATION WILL ALSO BE WORKING TO SUPPORT SCHOOLS, EDUCATIONAL INSTITUTIONS, AND OTHER NONPROFITORGANIZATIONS THAT HAVE DEMONSTRATED THE ABILITY TO OFFER HIGH QUALITY PROGRAMS AND SERVICES TO OUR TARGET COMMUNITY. THROUGH OURORGANIZATION'S PROGRAMS AND SERVICES, WE HOPE TO IMPROVE ACCESS TO EDUCATION AND HAVE A POSITIVE IMPACT IN THE LIVES OF THE INDIVIDUALS ANDFAMILIES THAT WE HAVE THE OPPORTUNITY TO WORK WITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROTHERHOOD CUP FOUNDATION IS A NONPROFIT ORGANIZATION DEDICATED TOINCREASING EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED INDIVIDUALS LIVING IN OURLOCAL COMMUNITIES, AS WELL AS UNDERSERVED COMMUNITIES AROUND THE WORLD, WITH ANINITIAL FOCUS ON UNDERSERVED AREAS OF SINGAPORE. WE WILL ACCOMPLISH THIS GOAL BYOFFERING SCHOLARSHIPS AND GRANTS TO HELP COVER THE COSTS OF PARTICIPATING INEDUCATIONAL PROGRAMS. IN ADDITION TO OFFERING SCHOLARSHIPS AND GRANTS, OURORGANIZATION WILL ALSO BE WORKING TO SUPPORT SCHOOLS, EDUCATIONAL INSTITUTIONS, ANDOTHER NONPROFIT ORGANIZATIONS THAT HAVE DEMONSTRATED THE ABILITY TO OFFER HIGHQUALITY PROGRAMS AND SERVICES TO OUR TARGET COMMUNITY. THROUGH OURORGANIZATIONS PROGRAMS AND SERVICES, WE HOPE TO IMPROVE ACCESS TO EDUCATIONAND HAVE A POSITIVE IMPACT IN THE LIVES OF THE INDIVIDUALS AND FAMILIES THAT WEHAVE THE OPPORTUNITY TO WORK WITH.IN ORDER TO EFFECTIVELY AND EFFICIENTLY IMPLEMENT OUR ORGANIZATIONS SCHOLARSHIPAND GRANT PROGRAM, WE WILL BE NETWORKING WITHIN OUR TARGET COMMUNITIES (BOTHDOMESTICALLY AND ABROAD) TO ADVERTISE THE OPPORTUNITIES THAT WE OFFER AND PROVIDESTUDENTS AND QUALIFIED INDIVIDUALS WITH INFORMATION ON HOW TO APPLY FOR SUPPORTFROM OUR ORGANIZATION. AN APPLICANT WILL NEED TO COMPLETE AN APPLICATIONINCLUDING PROVIDING PROOF OF FINANCIAL NEED. THE BOARD MEMBERS OF THEBROTHERHOOD CUP FOUNDATION WILL BE RESPONSIBLE FOR REVIEWING THE APPLICATIONSSUBMITTED AND DETERMINING WHICH STUDENTS AND QUALIFIED INDIVIDUALS WILL RECEIVESCHOLARSHIPS AND THE AMOUNT OF THE SCHOLARSHIPS.OUR ORGANIZATIONS SUPPORT WILL COVER THE COST OF THE PROGRAMS THE QUALIFIEDINDIVIDUAL APPLIED FOR. THE SPECIFIC COST WILL VARY BASED ON THE PROGRAMS ANDACTIVITIES THE QUALIFIED INDIVIDUAL WILL BE ATTENDING. THE SUPPORT THAT WE OFFER ISNOT AUTOMATICALLY RENEWABLE, BUT THERE ARE NO LIMITS ON THE AGE, GENDER, AND HOWMANY TIMES AN INDIVIDUAL CAN APPLY FOR SUPPORT FROM OUR ORGANIZATION.ONCE THE BROTHERHOOD CUP FOUNDATION HAS SELECTED A SCHOLARSHIP RECIPIENT, THEFUNDS WILL BE PAID DIRECTLY TO THE SCHOOL OR EDUCATIONAL PROGRAM ON BEHALF OFPARTICIPANT. THIS WILL HELP ENSURE THAT THE FUNDS ARE BEING USED FOR ITS INTENDEDPURPOSE. OUR ORGANIZATION WILL ALSO FOLLOW UP WITH THE RECIPIENTS TO ENSURE THATTHEY ARE REGULARLY ATTENDING AND PARTICIPATING THROUGH THE DURATION OF THE PROGRAMTHAT THE SUPPORT WAS AWARDED FOR. THE NUMBER OF SCHOLARSHIPS AND GRANTS AWARDEDPER YEAR WILL DEPEND ON THE FUNDS AVAILABLE AT THE TIME.IN ADDITION TO AWARDING SCHOLARSHIPS, THE BROTHERHOOD CUP FOUNDATION WILL ALSOBE WORKING TO SUPPORT OTHER NONPROFIT ORGANIZATIONS THAT ARE EXEMPT UNDER IRC501(C)(3) AND HAVE DEMONSTRATED THE ABILITY TO OFFER HIGH QUALITY PROGRAMS ANDSERVICES TO OUR TARGET COMMUNITIES. AGAIN, THIS SUPPORT WILL BE OFFERED TOORGANIZATIONS WORKING IN UNDERSERVED AREAS OF OUR LOCAL COMMUNITIES AS WELL ASORGANIZATIONS WORKING IN UNDERSERVED COMMUNITIES AROUND THE WORLD. OURORGANIZATION WILL REACH OUT DIRECTLY TO THOSE ORGANIZATION TO SEE IF THEY COULDBENEFIT FROM OUR FINANCIAL SUPPORT. AFTER OUR ORGANIZATION HAS PROVIDED SUPPORT TOANOTHER ORGANIZATION, WE WILL FOLLOW UP WITH THAT ORGANIZATION TO ENSURE THAT THEFUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE. WE WILL ALSO REQUIRE THAT RECEIPTSOR DOCUMENTATION OF HOW THE FUNDS WERE USED BE PROVIDED TO OUR ORGANIZATION TOMAKE SURE THAT THE FUNDS ARE BEING USED APPROPRIATELY AND TO MAKE SURE OURRECORDS ARE ACCURATE.IN THE FUTURE, AS OUR ORGANIZATION GROWS, WE WILL BE WORKING DILIGENTLY TO EXPANDOUR PROGRAMS AND SERVICES IN AN EFFORT TO BETTER FULFILL OUR ORGANIZATIONS GOALS.AS A NONPROFIT ORGANIZATION, WE ARE COMMITTED TO CONTINUALLY OFFERING THE HIGHESTQUALITY PROGRAMS AND SERVICES POSSIBLE WITH THE RESOURCES WE HAVE AVAILABLE.THROUGH OUR PROGRAMS AND SERVICES, WE HOPE TO HAVE A POSITIVE IMPACT IN THE LIVESOF THOSE WE WORK WITH AND THEIR COMMUNITIES AS A WHOLE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Zuqi Zhao Director | Trustee | 0.5 | $0 |
Lawrence L Chao Director | Trustee | 0.5 | $0 |
Yafei Liu President & CEO | Officer | 20 | $0 |
Chao Liu Treasurer | Officer | 10 | $0 |
Lei Howard Chen Secretary | Officer | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $73,390 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $73,390 |
Total Program Service Revenue | $0 |
Investment income | $14 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $73,404 |
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 | $930 |
Fees for services: Accounting | $5,596 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $34,251 |
Office expenses | $113 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $34 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $332 |
Total functional expenses | $45,888 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $38,090 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $1 |
Total assets | $38,091 |
Accounts payable and accrued expenses | $9,807 |
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 | $9,807 |
Net assets without donor restrictions | $0 |
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 | $28,284 |
Total liabilities and net assets/fund balances | $38,091 |