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← PEKING UNIVERSITY EDUCATION FOUNDATION USA

Form 990 for tax year 2024

Filed by PEKING UNIVERSITY EDUCATION FOUNDATION USA.

Totals

Total revenue
$8,280,346
Total expenses
$5,004,205
Contributions and grants received
$6,682,512
Grants paid
$4,237,754
Program service revenue
$0
Investment income
$1,597,834
Other revenue
$0
Total assets, end of year
$72,551,844
Total liabilities, end of year
$130,622
Net assets or fund balances, end of year
$72,421,222
Program services expenses (Part IX)
$4,443,693
Management and general expenses
$362,366
Fundraising expenses
$198,146
Program service expenses (Part III)
$4,443,693

Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,682,512

  • 1g · Noncash contributions included above

    $1,276,789

  • 3 · Investment income

    total $1,592,034 · excluded $1,592,034

  • 7a · Gross sales of assets other than inventory

    other assets $5,800

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $5,800

  • 7d · Net gain or loss

    total $5,800 · excluded $5,800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $480,934 · program services $480,934

  • 2 · Grants to domestic individuals

    total $161,000 · program services $161,000

  • 3 · Grants to foreign organizations and individuals

    total $3,595,820 · program services $3,595,820

  • 5 · Compensation of officers, directors and key employees

    total $164,768 · program services $32,954 · management and general $123,576 · fundraising $8,238

  • 7 · Other salaries and wages

    total $89,083 · program services $44,873 · management and general $7,354 · fundraising $36,856

  • 9 · Other employee benefits

    total $34,641 · program services $10,620 · management and general $17,867 · fundraising $6,154

  • 10 · Payroll taxes

    total $21,577 · program services $6,615 · management and general $11,129 · fundraising $3,833

  • 11b · Fees: legal

    total $58,554 · program services $16,120 · management and general $17,298 · fundraising $25,136

  • 11c · Fees: accounting

    total $38,379 · management and general $38,379

  • 11f · Fees: investment management

    total $111,947 · management and general $111,947

  • 11g · Fees: other

    total $7,133 · program services $2,187 · management and general $3,679 · fundraising $1,267

  • 13 · Office expenses

    total $15,132 · program services $5,856 · management and general $2,669 · fundraising $6,607

  • 14 · Information technology

    total $18,172 · program services $7,233 · management and general $3,561 · fundraising $7,378

  • 16 · Occupancy

    total $49,449 · program services $23,290 · management and general $2,740 · fundraising $23,419

  • 17 · Travel

    total $113,868 · program services $40,143 · management and general $11,925 · fundraising $61,800

  • 19 · Conferences, conventions and meetings

    total $4,386 · program services $877 · management and general $3,509

  • 23 · Insurance

    total $4,658 · program services $1,795 · management and general $797 · fundraising $2,066

  • 24a · Other expenses: EVENT EXPENSES

    total $25,473 · program services $9,818 · management and general $4,357 · fundraising $11,298

  • 24b · Other expenses: SETTLEMENT EXPENSE

    total $7,499 · program services $2,890 · management and general $1,283 · fundraising $3,326

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,271 · program services $490 · management and general $217 · fundraising $564

  • 24d · Other expenses: TAXES AND LICENSES

    total $461 · program services $178 · management and general $79 · fundraising $204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,342,708 · end of year $124,366

  • 2 · Savings and temporary cash investments

    beginning of year $114,339 · end of year $204,608

  • 3 · Pledges and grants receivable

    beginning of year $22,941,586 · end of year $19,238,052

  • 11 · Investments: publicly traded securities

    beginning of year $43,201,569 · end of year $52,889,181

  • 15 · Other assets

    beginning of year $20,962 · end of year $95,637

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,896 · end of year $38,250

  • 18 · Grants payable

    beginning of year $1,706,799 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,220 · end of year $92,372

  • 27 · Net assets without donor restrictions

    beginning of year $3,416,197 · end of year $4,279,038

  • 28 · Net assets with donor restrictions

    beginning of year $63,406,052 · end of year $68,142,184

Mission and programs · 2024

Mission

TO SUPPORT PEKING UNIVERSITY'S LONG-TERM DEVELOPMENT AND TO PROMOTE THE U.S.-CHINA EXCHANGES.

  • IN 2024, WE CONTINUED TO ADVANCE OUR MISSION OF PROMOTING U.S.-CHINA EXCHANGE AND FOSTERING THE LONG-TERM DEVELOPMENT OF PEKING UNIVERSITY BY SUPPORTING BOTH INDIVIDUALS AND INSTITUTIONS THROUGH SCHOLARSHIPS, FACULTY DEVELOPMENT, AND INTERNATIONAL ACADEMIC EXCHANGE AND RESEARCH PROGRAMS.

    Expenses $4,443,693 · Grants $4,237,754

As filed on the 2024 return.

Listed in Part VII

  • Lin Zhao

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Zhihong Xu

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Weifang Min

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David S Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wen Hai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Florence Fang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kun Deng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Yuning Li

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pengfei Xie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Choong Hsia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shirley Liu

    CFO

    Total calculated
    $164,768
    From this org
    $159,668
    From related orgs
    $0
    Other
    $5,100
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,668
    Bonus
    $0
    Other
    $0
    Deferred
    $5,100
    Nontaxable benefits
    $0
    Filer's total
    $164,768

  • Meng Lai

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513209349302111

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