Gigamind Explorer Education

Tax-deductible

Foster City, CA501(c)(3)EducationEIN 46-5093727

Gigamind explorer education provides innovative bilingual chinese learning and math programs that influence and support lifelong learning for children in california

501(c)(3) charity; gifts are tax-deductible.
26¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
4 of 5
filings with a surplus
Average surplus $18K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
26%
of spending
Concern: 26% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 32.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$79K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$71K
+0.7% vs prior year
Spent
$76K
To programs
26%
Net assets
$135K
By yearFY2020–FY2024
Revenue
$71K
FY2024▲ +0.7%
Revenue by fiscal year
FY2020$120K
FY2021$100K
FY2022$87K
FY2023$71K
FY2024$71K
Expenses
$76K
FY2024▲ +85%
Expenses by fiscal year
FY2020$96K
FY2021$75K
FY2022$72K
FY2023$41K
FY2024$76K
Net assets
$135K
FY2024▼ -3%
Net assets by fiscal year
FY2020$70K
FY2021$94K
FY2022$110K
FY2023$140K
FY2024$135K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.

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

Where the money goes

26 cents of each dollar spent went to programs.

Program services 26% · $20K Management & general 74% · $56K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Yim Lau Luk’s $2K as Treasurer is at the 3rd percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Cheuk Yue Fung—$10,000
Yim Lau Luk$1,500$1,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Gigamind Explorer Education executive salaries →

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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

Offers bilingual Chinese and math programs to support lifelong learning for children.

Provided by the organization

This section is blank until Gigamind Explorer Education claims this page.

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1 program service account for $20K of program spending, described in the organization's own filed words · FY2024.
01

Gigamind explorer education provides innovative bilingual chinese learning and math programs that influence and support lifelong learning for children in california

$20Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$71K
Ln 12
Fees for servicesLn 2g$67K
Investment incomeLn 3$5K
Money outPt IX
$76K
Ln 25
Programscol B$20K
Managementcol C$56K
Owns and owesPt X
$135K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$215K
LiabilitiesLn 26$79K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$67K
Investment incomeLn 3$5K
Gains on assetsLn 7$0
Total revenueLn 12$71K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$183K
Cash and savings togetherLn 1–2$205K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$5K
Total assetsLn 16$215K
LiabilitiesLn 26$79K
Net assetsLn 32$135K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$212K$205K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7K$4K
Total assetsLn 16$223K$215K
LiabilitiesLn 26$84K$79K
Net assetsLn 32$140K$135K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$28K$28K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$567$567
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$29K$20K$9K
All other expensesLn 24e$320$320
Total functional expensesLn 25$76K$20K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $71K$76K−$4K$135K 990 PDF
FY2023 $71K$41K$30K$140K 990 PDF
FY2022 $87K$72K$15K$110K 990 PDF
FY2021 $100K$75K$25K$94K 990 PDF
FY2020 $120K$96K$24K$70K 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 (4 parts)
Part VIII · Statement of revenue $71,239 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,556$66,556
VIII-3 Investment incomeExcluded from tax $4,683$4,683
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $66,556 · Excluded from tax $4,683$71,239
Part IX · Statement of functional expenses $75,719 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,070$1,070
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $12,000$12,000
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $27,759$27,759
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $567$567
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $2,708$2,708
IX-23 InsuranceManagement $2,277$2,277
IX-24 Other expenses (24a–d)Programs $19,696 · Management $9,322$29,018
IX-24e All other expensesManagement $320$320
IX-25 Total functional expensesPrograms $19,696 · Management $56,023 · Fundraising $0$75,719
Part X · Balance sheet $214,521 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $35,651$22,355
X-2 Savings and temporary cash investmentsStart of year $176,326$182,995
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$469
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $6,537$3,829
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $4,873$4,873
X-16 Total assetsStart of year $223,387$214,521
X-24 Unsecured notes and loans payableStart of year $83,547$79,161
X-26 Total liabilitiesStart of year $83,547$79,161
X-27 Net assets without donor restrictionsStart of year $139,840$135,360
X-32 Total net assets or fund balancesStart of year $139,840$135,360
X-33 Total liabilities and net assetsStart of year $223,387$214,521
Part XI · Reconciliation of net assets $135,360 net assets at year end
XI-1 Total revenue$71,239
XI-2 Total expenses$75,719
XI-3 Revenue less expenses−$4,480
XI-4 Net assets at start of year$139,840
XI-10 Net assets at end of year$135,360

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

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