Form 990 for tax year 2023
Filed by PEKING UNIVERSITY EDUCATION FOUNDATION USA.
Totals
- Total revenue
- $5,567,034
- Total expenses
- $6,437,435
- Contributions and grants received
- $4,339,005
- Grants paid
- $5,843,848
- Program service revenue
- $0
- Investment income
- $1,228,029
- Other revenue
- $0
- Total assets, end of year
- $68,621,164
- Total liabilities, end of year
- $1,798,915
- Net assets or fund balances, end of year
- $66,822,249
- Program services expenses (Part IX)
- $5,986,855
- Management and general expenses
- $343,609
- Fundraising expenses
- $106,971
- Program service expenses (Part III)
- $5,986,855
Program services were 93.0% 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
$4,339,005
-
1g · Noncash contributions included above
$397,321
-
3 · Investment income
total $1,279,169 · excluded $1,279,169
-
7b · Less cost or other basis and sales expenses
other assets $51,140
-
7c · Gain or loss
other assets -$51,140
-
7d · Net gain or loss
total -$51,140 · excluded -$51,140
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $55,000 · program services $55,000
-
3 · Grants to foreign organizations and individuals
total $5,788,848 · program services $5,788,848
-
5 · Compensation of officers, directors and key employees
total $167,901 · program services $33,580 · management and general $125,926 · fundraising $8,395
-
7 · Other salaries and wages
total $82,339 · program services $40,936 · management and general $9,018 · fundraising $32,385
-
10 · Payroll taxes
total $46,965 · program services $13,985 · management and general $25,326 · fundraising $7,654
-
11b · Fees: legal
total $32,020 · program services $6,550 · management and general $14,331 · fundraising $11,139
-
11c · Fees: accounting
total $36,350 · management and general $36,350
-
11f · Fees: investment management
total $116,367 · management and general $116,367
-
11g · Fees: other
total $15,646 · program services $6,803 · management and general $2,721 · fundraising $6,122
-
13 · Office expenses
total $7,768 · program services $4,358 · management and general $1,498 · fundraising $1,912
-
14 · Information technology
total $1,755 · program services $702 · management and general $351 · fundraising $702
-
16 · Occupancy
total $54,552 · program services $25,912 · management and general $2,728 · fundraising $25,912
-
19 · Conferences, conventions and meetings
total $25,523 · program services $7,657 · management and general $7,657 · fundraising $10,209
-
23 · Insurance
total $4,367 · program services $1,747 · management and general $873 · fundraising $1,747
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $1,554 · program services $617 · management and general $303 · fundraising $634
-
24b · Other expenses: TAXES AND LICENSES
total $480 · program services $160 · management and general $160 · fundraising $160
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,546,043 · end of year $2,342,708
-
2 · Savings and temporary cash investments
beginning of year $285,920 · end of year $114,339
-
3 · Pledges and grants receivable
beginning of year $25,426,623 · end of year $22,941,586
-
11 · Investments: publicly traded securities
beginning of year $36,640,888 · end of year $43,201,569
-
15 · Other assets
beginning of year $71,323 · end of year $20,962
-
17 · Accounts payable and accrued expenses
beginning of year $52,984 · end of year $74,896
-
18 · Grants payable
end of year $1,706,799
-
25 · Other liabilities
beginning of year $68,115 · end of year $17,220
-
27 · Net assets without donor restrictions
beginning of year $2,576,392 · end of year $3,416,197
-
28 · Net assets with donor restrictions
beginning of year $62,273,306 · end of year $63,406,052
Mission and programs · 2023
Mission
TO SUPPORT PEKING UNIVERSITY'S LONG-TERM DEVELOPMENT AND TO PROMOTE THE U.S.-CHINA EXCHANGES.
-
THE GRANTS WERE USED FOR BRAIN RESEARCH PROJECT AND FOR INTERNATIONAL HIGHER EDUCATION EXCHANGE AND RESEARCH.
Expenses $5,986,855 · Grants $5,843,848
As filed on the 2023 return.
Listed in Part VII
-
SHIRLEY LIU
TREASURER
- Total calculated
- $167,901
- From this org
- $163,011
- From related orgs
- $0
- Other
- $4,890
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $163,011
- Bonus
- $0
- Other
- $0
- Deferred
- $4,890
- Nontaxable benefits
- $0
- Filer's total
- $167,901
-
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
- 1
-
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
- 2
-
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403099349303100
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