University of Science and Technology of China Init

Tax-deductible

Pasadena, CA501(c)(3)Since 2010EducationEIN 27-4542683Revenue $939K in FY2024

On file with the IRSusa.ustcif.org259 N Holliston Ave Apt 8, 91106-1537 · Pasadena, CATax-exempt since Sep 2012Publicly supported charity — 170(b)(1)(A)(vi)

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The specific purpose of this corporation is to further relationship that would benefit and enrich the academic communities of Asians and Asian Americans in the U.S.A. and in Asia

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $514K a year · 53% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
540 mo
of spending, in cash
Looks good: 539.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $437K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$939K
-45% vs prior year
Spent
$109K
To programs
89%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$939K
FY2024▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2020$481K
FY2021$511K
FY2022$1.2M
FY2023$1.7M
FY2024$939K
Expenses
$109K
FY2024▼ -91%
Tap a bar for its year
Expenses by fiscal year
FY2020$60K
FY2021$53K
FY2022$882K
FY2023$1.2M
FY2024$109K
Net assets
$4.9M
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$3.6M
FY2023$4.1M
FY2024$4.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $97K Management & general 11% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects universities in China and the US to enrich communities through shared relationships.

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Provided by the organization

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3 programs · $97K · in their own filed words · FY2024
01

Industry Engagement & Educational Programs This IRS compliant initiative facilitates professional development through: 1.Networking Events (1) AI Alumni Cocktail (Silicon Valley) - Connecting tech professionals and researchers across industries (2) Tech Summits (Seattle and Boston) - Featuring academic and industry leaders from UW, MIT…

$37Kprogram expense
02

Stanford University Undergraduate Visiting Research Program (UGVR) The UGVR program facilitates structured research collaboration between Stanford University and select partner institutions in Asia by sponsoring qualified undergraduate students to conduct summer research on campus.

$30Kprogram expense
03

University of Arizona Academic Exchange Program

This IRS-compliant program facilitates scholarly collaboration through: (1) Faculty and student lectures and seminars (2) Joint academic initiatives Designed exclusively to: (1) Advance knowledge sharing (2) Promote research innovation (3) Strengthen institutional partnerships

$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$437K
Grants paid · 8 grants · $2.2M · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$939K
Ln 12
Gifts and grantsLn 1h$792K
Investment incomeLn 3$141K
Fees for servicesLn 2g$6K
Money outPt IX
$109K
Ln 25
Programscol B$97K
Managementcol C$12K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$792K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$6K
Investment incomeLn 3$141K
Total revenueLn 12$939K
Assets in detailPt X, end of year
CashLn 1$3.7M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$4.9M
InvestmentsLn 11–13$15K
Other assetsLn 15$0
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.1M$4.9M
InvestmentsLn 11–13$11K$15K
Total assetsLn 16$4.1M$4.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.1M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$5K$0$5K$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$2K$2K$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$7K$45$7K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$6K$6K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$14K$14K$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$109K$97K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $939K$109K$830K$4.9M 990 PDF
FY2023 $1.7M$1.2M$497K$4.1M 990 PDF
FY2022 $1.2M$882K$364K$3.6M 990 PDF
FY2021 $511K$53K$458K$3.2M 990 PDF
FY2020 $481K$60K$421K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $938,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,628,391$791,747
I-9 Program service revenuePrior year $0$6,152
I-10 Investment incomePrior year $86,680$140,817
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,715,071$938,716
I-13 Grants and similar amounts paidPrior year $1,213,933$74,784
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,572$33,987
I-18 Total expensesPrior year $1,216,505$108,771
I-19 Revenue less expensesPrior year $498,566$829,945
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $938,716 across 11 lines filed
Lines not itemized here account for $6,152 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$791,747
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$791,747
VIII-3 Investment incomeRelated to mission $140,817 · Unrelated business $0 · Excluded from tax $0$140,817
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $146,969 · Unrelated business $0 · Excluded from tax $0$938,716
Part IX · Statement of functional expenses $108,771 across 28 lines filed
IX-1 Grants to domestic organizationsPrograms $74,784$74,784
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $4,775 · Fundraising $0$4,775
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $2,000 · Management $0 · Fundraising $0$2,000
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $45 · Management $7,375 · Fundraising $0$7,420
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $5,746 · Management $0 · Fundraising $0$5,746
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $14,046 · Management $0 · Fundraising $0$14,046
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $96,621 · Management $12,150 · Fundraising $0$108,771
Part X · Balance sheet $4,907,754 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $2,909,206$3,655,697
X-2 Savings and temporary cash investmentsStart of year $1,145,133$1,237,533
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $11,167$14,524
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $4,065,506$4,907,754
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $4,065,506$4,907,754
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,065,506$4,907,754
X-33 Total liabilities and net assetsStart of year $4,065,506$4,907,754
Part XI · Reconciliation of net assets $4,907,754 net assets at year end
XI-1 Total revenue$938,716
XI-2 Total expenses$108,771
XI-3 Revenue less expenses$829,945
XI-4 Net assets at start of year$4,065,506
XI-5 Net unrealized gains (losses) on investments$12,303
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,907,754

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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