Fu Associates Ltd Veba Trust: FY2021 Nonprofit Profile & Form 990 (EIN 54-6299821)

Revenue by fiscal year
FY2020	$401K
FY2021	$401K
FY2022	$300K

Expenses by fiscal year
FY2020	$534K
FY2021	$450K
FY2022	$336K

Net assets by fiscal year
FY2020	$206K
FY2021	$157K
FY2022	$121K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $450K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Edward Y Fu

Trustee

$0Pt VII · Sec A

See Fu Associates Ltd Veba Trust executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Provides healthcare and benefits to employees of FU Associates, Ltd.

Questions for Fu Associates Ltd Veba Trust

Tap to ask. Fu Associates Ltd Veba Trust sees how many people are interested.

Your first name shows with your question. Fu Associates Ltd Veba Trust answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $450K · in their own filed words · FY2020

01

The trust provides healthcare, life insurance, accident disability and other employee benefits. Only employees and their participating dependents of the company who are eligible to participate in the plan may receive benefits from the trust.

$450Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$401K

Ln 12

Fees for servicesLn 2g$400K

Investment incomeLn 3$719

Money outPt IX

$450K

Ln 25

Programscol B$450K

Owns and owesPt X

$157K

net assets · Ln 32

Cash and savingsLn 1–2$157K

Total assetsLn 16$157K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$400K

Investment incomeLn 3$719

Total revenueLn 12$401K

Assets in detailPt X, end of year

CashLn 1$402

SavingsLn 2$156K

Cash and savings togetherLn 1–2$157K

Total assetsLn 16$157K

LiabilitiesLn 26$0

Net assetsLn 32$157K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMarch

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$206K	$157K
Total assetsLn 16	$206K	$157K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$206K	$157K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$449K	$449K
Office expensesLn 13	$260	$260
Total functional expensesLn 25	$450K	$450K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$300K	$336K	−$35K	$121K	990 PDF
FY2021 Viewing	$401K	$450K	−$49K	$157K	990 PDF
FY2020	$401K	$534K	−$133K	$206K	990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)

Part I · Summary $400,719 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $400,000$400,000

I-10 Investment incomePrior year $1,426$719

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $401,426$400,719

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $534,140$449,376

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $227$260

I-18 Total expensesPrior year $534,367$449,636

I-19 Revenue less expensesPrior year −$132,941−$48,917

Part VI · Governance 0 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

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 $400,719 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $400,000$400,000

VIII-3 Investment incomeUnrelated business $719$719

VIII-12 Total revenueRelated to mission $400,000 · Unrelated business $719 · Excluded from tax $0$400,719

Part IX · Statement of functional expenses $449,636 across 2 lines filed

IX-4 Benefits paid to or for membersPrograms $449,376$449,376

IX-13 Office expensesPrograms $260$260

IX-25 Total functional expensesPrograms $449,636 · Management $0 · Fundraising $0$449,636

Part X · Balance sheet $156,619 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $402$402

X-2 Savings and temporary cash investmentsStart of year $205,134$156,217

X-16 Total assetsStart of year $205,536$156,619

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $205,536$156,619

X-33 Total liabilities and net assetsStart of year $205,536$156,619

Part XI · Reconciliation of net assets $156,619 net assets at year end

XI-1 Total revenue$400,719

XI-2 Total expenses$449,636

XI-3 Revenue less expenses−$48,917

XI-4 Net assets at start of year$205,536

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$156,619

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Fu Associates Ltd Veba Trust FY2021 filing

Before you give