Gigamind Explorer Education FY2020 filing

Tax-deductible

Foster City, CA501(c)(3)EducationEIN 46-5093727Revenue $120K in FY2020

On file with the IRSgigamindexplorer.org1000 Foster City Blvd Apt 6107, 94404-2390 · Foster City, CATax-exempt since May 2015Publicly supported — 509(a)(2)

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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.
20¢ of each $1 spent went to programs.
$11K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$90K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
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
$120K
Spent
$96K
To programs
20%
Net assets
$70K
By yearFY2020–FY2024
Revenue
$120K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$100K
FY2022$87K
FY2023$71K
FY2024$71K
Expenses
$96K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$96K
FY2021$75K
FY2022$72K
FY2023$41K
FY2024$76K
Net assets
$70K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$70K
FY2021$94K
FY2022$110K
FY2023$140K
FY2024$135K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

20 cents of each dollar spent went to programs.

Program services 20% · $20K Management & general 80% · $76K

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

2 people listed on the 990; $11K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$10,000Pt VII · Sec A
Treasurer
$1,250Pt 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.

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

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

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Provided by the organization

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1 program · $20K · in their own filed words · FY2020
01

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

$20Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$120K
Ln 12
Fees for servicesLn 2g$111K
Gifts and grantsLn 1h$9K
Money outPt IX
$96K
Ln 25
Programscol B$20K
Managementcol C$76K
Owns and owesPt X
$70K
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$160K
LiabilitiesLn 26$90K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Government grantsLn 1e$9K
Fees for servicesLn 2g$111K
Gains on assetsLn 7$0
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$150K
SavingsLn 2$0
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$5K
Total assetsLn 16$160K
LiabilitiesLn 26$90K
Net assetsLn 32$70K
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 FY20End FY20
Cash and savingsLn 1–2$49K$150K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8K$5K
Total assetsLn 16$62K$160K
LiabilitiesLn 26$16K$90K
Net assetsLn 32$46K$70K
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$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$0
Office expensesLn 13$79$79
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$50K$50K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$24K$20K$5K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$96K$20K$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $119,930 revenue, 12 lines filed
I-8 Contributions and grants$9,000
I-9 Program service revenuePrior year $208,327$110,930
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $208,327$119,930
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $196,505$95,805
I-18 Total expensesPrior year $196,505$95,805
I-19 Revenue less expensesPrior year $11,822$24,125
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $119,930 across 9 lines filed
VIII-1e Government grants$9,000
VIII-1h Total contributions, gifts and grants$9,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $110,930$110,930
VIII-3 Investment income$0
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 $110,930$119,930
Part IX · Statement of functional expenses $95,805 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 fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $13,828$13,828
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $79$79
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $49,595$49,595
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $3,248$3,248
IX-23 InsuranceManagement $1,642$1,642
IX-24 Other expenses (24a–d)Programs $19,581 · Management $4,706$24,287
IX-24e All other expensesManagement $3,126$3,126
IX-25 Total functional expensesPrograms $19,581 · Management $76,224 · Fundraising $0$95,805
Part X · Balance sheet $160,379 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $49,002$150,275
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
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 $8,479$5,231
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 $62,354$160,379
X-24 Unsecured notes and loans payable$88,900
X-26 Total liabilitiesStart of year $16,500$90,400
X-27 Net assets without donor restrictionsStart of year $45,854$69,979
X-32 Total net assets or fund balancesStart of year $45,854$69,979
X-33 Total liabilities and net assetsStart of year $62,354$160,379
Part XI · Reconciliation of net assets $69,979 net assets at year end
XI-1 Total revenue$119,930
XI-2 Total expenses$95,805
XI-3 Revenue less expenses$24,125
XI-4 Net assets at start of year$45,854
XI-10 Net assets at end of year$69,979

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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