Nine Fruits Corporation
- Assets
- $6.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 29
- Location
- Mt View, CA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 91-2156236
Organization Overview
Nine Fruits Corporation is located in Mt View, CA. The organization was established in 2002. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2023, Nine Fruits Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nine Fruits Corporation 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, Nine Fruits Corporation generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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 MISSION OF THIS ORGANIZATION IS TO LET STUDENTS RECOGNIZE AND DISCOVER THEIR TALENTS, TO HELP THEM REACH THEIR FULLEST POTENITAL, AND TO PREPARE THEM FOR AN EVEN BRIGHTER FUTURE.THE PURPOSE OF THE NINE FRUITS CORPORATION AS A NONPROFIT PUBLIC BENEFIT ENTITY IS TO PROVIDE AFFORABLE SUPPLEMENTAL EDUCATION FOR THE PUBLIC AND TO FUND AND SUPPORT OTHER PUBLIC CHARITIES AND NONPROFIT ORGANIZATIONS. EMPHASIS AT THE PRESENT TIME WILL BE TO SUPPORT CHARITIES THAT HELP THE CHILDREN AROUND THE WORLD (CHINA, SOUTH AMERICA, US ETC.) WHO ARE REALLY IN NEED AND ALSO DESERVE AN OPPORTUNITY TO GO TO SCHOOL AND CHURCHES OR OTHER NON-PROFIT ORGANIZATIONS FOR MISSIONARY TRIP TO SPREAD THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY GOAL OF THIS ORGANIZATION IS TO PROVIDE AFTER SCHOOL ENRICHMENT PROGRAMS SUCH AS: MATH AND ENGLISH ENRICHMENT/TUTORING, CHINESE LANGUAGE PROGRAMS, DRAWING, CERAMINCS, DANCE, MUSIC, DRAMA AND KUNG-FU, ETC., FOR SCHOOL AGE CHILDREN WITH LOW AND AFFORDABLE PRICE, AND WITH THE BEST POSSIBLE TEACHERS. THIS ORGANIZATION ALSO SPONSORS VARIOUS CHILDREN'S ART EXHIBITIONS TO PROMOTE ARTAMONG SCHOOL AGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Liu President & CEO | Officer | 40 | $267,744 |
Yu-Chun Chang Treasurer | Officer | 40 | $164,364 |
Yu-Chien Wei Secretary | Officer | 40 | $104,493 |
Zhi Wei Guan Director | Trustee | 6 | $0 |
Jinghui Zhao Director | Trustee | 6 | $0 |
Fumin Jin Director | Trustee | 6 | $0 |
Financial Statements
| 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 | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $1,966,591 |
| Investment income | $152,454 |
| 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 | $2,119,245 |
| 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. | $536,602 |
| Compensation of current officers, directors, key employees. | $160,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $353,158 |
| Pension plan accruals and contributions | $47,338 |
| Other employee benefits | $50,037 |
| Payroll taxes | $64,414 |
| Fees for services: Management | $4,079 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24 |
| Office expenses | $1,788 |
| Information technology | $4,014 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,877 |
| Insurance | $12,355 |
| All other expenses | $28,873 |
| Total functional expenses | $1,238,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,696 |
| Savings and temporary cash investments | $3,366,433 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,672 |
| 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 | $2,645,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $6,427,407 |
| Accounts payable and accrued expenses | $19,559 |
| Grants payable | $0 |
| Deferred revenue | $42,351 |
| 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 | $61,910 |
| 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 | $6,365,497 |
| Total liabilities and net assets/fund balances | $6,427,407 |