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Nathan Yip Foundation FY2021 filing

Tax-deductible

Greenwood Vlg, CO501(c)(3)Foundations & Grantmakers EIN 82-0549095Revenue $209K in FY2021

On file with the IRSnathanyipfoundation.org6295 Greenwood Plaza Blvd Ste 100, 80111-4978 · Greenwood Vlg, COTax-exempt since May 2003Publicly supported charity — 170(b)(1)(A)(vi)

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To make contributions to organizations which help children's education around the world

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 4
filings with a surplus
Average surplus $29K a year · 8% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Plus $273K in investments, Pt X · Ln 11–13
Looks good: 20.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$209K
Spent
$144K
To programs
45%
Net assets
$512K
By yearFY2021–FY2024
Revenue
$209K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$209K
FY2022$323K
FY2022$130K
FY2023$486K
FY2024$382K
Expenses
$144K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$144K
FY2022$244K
FY2022$303K
FY2023$440K
FY2024$454K
Net assets
$512K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$512K
FY2022$676K
FY2022$489K
FY2023$544K
FY2024$472K

From the FY2021 Form 990 (year ending March 2021) · see the original

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You’re viewing the FY2021 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 2003.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $65K Management & general 26% · $38K Fundraising 28% · $41K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Linda Yip
Director
$0Pt VII · Sec A
James Yip
Director
$0Pt VII · Sec A
Okie Arnot
Director
$0Pt VII · Sec A
Edward Huang
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Doris Burd
Director
$0Pt VII · Sec A
Alan Frosh
Director
$0Pt VII · Sec A
Jane Netzorg
Director
$0Pt VII · Sec A
See Nathan Yip Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds and supports educational organizations worldwide to improve and enrich learning opportunities for underserved children.

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Provided by the organization

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1 program · $65K · in their own filed words · FY2020
01

Provided support to other qualified tax exempt organizations

$65Kprogram 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 · FY2025
Hsu Family FoundationFY2025$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 44 grants · $678K · 2020–2024
Rocky Ford School DistrictFY2024$25,000
Stratton MshsFY2024$20,000
Bennett High SchoolFY2024$17,350
Moffat County School DistrictFY2024$15,000
Ridgway School DistrictFY2024$14,360
Olathe High SchoolFY2024$13,000
Moffat County High SchoolFY2024$12,500
Lake City Community SchoolFY2024$12,500
NfsisFY2024$12,000
Mt Evans BocesFY2024$10,000
South Central BocesFY2024$9,000
Cedaredge High SchoolFY2024$7,230
Gardner Valley SchoolCO · FY2024$7,000
Paonia K8CO · FY2024$6,800
Soroco Middle SchoolFY2024$6,400
North Fork High SchoolFY2024$6,170
Archuleta School DistrictFY2023$35,690
Delta County School DistrictFY2023$33,105
See all 44 grants →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$209K
Ln 12
Gifts and grantsLn 1h$213K
Investment incomeLn 3$158
Money outPt IX
$144K
Ln 25
Programscol B$65K
Managementcol C$38K
Fundraisingcol D$41K
Owns and owesPt X
$512K
net assets · Ln 32
Cash and savingsLn 1–2$250K
Total assetsLn 16$531K
LiabilitiesLn 26$19K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$213K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$113K
Investment incomeLn 3$158
Total revenueLn 12$209K
Assets in detailPt X, end of year
SavingsLn 2$250K
Cash and savings togetherLn 1–2$250K
InvestmentsLn 11–13$273K
Total assetsLn 16$531K
LiabilitiesLn 26$19K
Net assetsLn 32$512K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
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
LineStart FY21End FY21
Cash and savingsLn 1–2$59K$250K
InvestmentsLn 11–13$207K$273K
Total assetsLn 16$383K$531K
LiabilitiesLn 26$25K$19K
Net assetsLn 32$359K$512K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Management feesLn 11a$76K$25K$25K$25K
Legal feesLn 11b$20$20
Accounting feesLn 11c$7K$2K$2K$2K
Other fees for servicesLn 11g$5K$2K$2K
Office expensesLn 13$4K$1K$1K$1K
Information technologyLn 14$3K$1K$1K$1K
OccupancyLn 16$23K$8K$8K$8K
TravelLn 17$210$110$100
Conferences, conventions and meetingsLn 19$235$235
InsuranceLn 23$1K$365$364$364
Other expenses (24a–d)Ln 24$4K$4K$98$270
Total functional expensesLn 25$144K$65K$38K$41K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $382K$454K−$73K$472K 990 PDF
FY2023 $486K$440K$46K$544K 990 PDF
FY2022 $323K$244K$79K$676K 990 PDF
FY2021 Viewing $209K$144K$65K$512K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $209,297 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $205,242$213,095
I-9 Program service revenue$0
I-10 Investment incomePrior year −$14,525$158
I-11 Other revenuePrior year $142,806−$3,956
I-12 Total revenuePrior year $333,523$209,297
I-13 Grants and similar amounts paidPrior year $197,655$20,249
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $150,589$124,177
I-18 Total expensesPrior year $348,244$144,426
I-19 Revenue less expensesPrior year −$14,721$64,871
Part VI · Governance 15 of 15 board members independent, 5 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $209,297 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$113,493
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$99,602
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$213,095
VIII-3 Investment incomeRelated to mission $158 · Unrelated business $0 · Excluded from tax $0$158
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$3,956−$3,956
VIII-12 Total revenueRelated to mission $158 · Unrelated business $0 · Excluded from tax −$3,956$209,297
Part IX · Statement of functional expenses $144,426 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $20,249$20,249
IX-11a Management feesPrograms $25,355 · Management $25,355 · Fundraising $25,355$76,065
IX-11b Legal feesManagement $20$20
IX-11c Accounting feesPrograms $2,374 · Management $2,374 · Fundraising $2,373$7,121
IX-11g Other fees for servicesPrograms $2,495 · Fundraising $2,495$4,990
IX-13 Office expensesPrograms $1,185 · Management $1,185 · Fundraising $1,185$3,555
IX-14 Information technologyPrograms $1,133 · Management $1,134 · Fundraising $1,134$3,401
IX-16 OccupancyPrograms $7,700 · Management $7,700 · Fundraising $7,700$23,100
IX-17 TravelPrograms $110 · Fundraising $100$210
IX-19 Conferences, conventions and meetingsPrograms $235$235
IX-23 InsurancePrograms $365 · Management $364 · Fundraising $364$1,093
IX-24 Other expenses (24a–d)Programs $4,019 · Management $98 · Fundraising $270$4,387
IX-25 Total functional expensesPrograms $65,220 · Management $38,230 · Fundraising $40,976$144,426
Part X · Balance sheet $530,956 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $58,796$249,754
X-4 Accounts receivableStart of year $2,365$4,251
X-9 Prepaid expenses and deferred chargesStart of year $4,412$3,700
X-12 Other securitiesStart of year $206,874$273,251
X-16 Total assetsStart of year $383,463$530,956
X-17 Accounts payable and accrued expensesStart of year $1,072$4,621
X-25 Other liabilities$14,751
X-26 Total liabilitiesStart of year $24,605$19,372
X-27 Net assets without donor restrictionsStart of year $358,858$511,584
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $358,858$511,584
X-33 Total liabilities and net assetsStart of year $383,463$530,956
Part XI · Reconciliation of net assets $511,584 net assets at year end
XI-1 Total revenue$209,297
XI-2 Total expenses$144,426
XI-3 Revenue less expenses$64,871
XI-4 Net assets at start of year$358,858
XI-5 Net unrealized gains (losses) on investments$62,255
XI-6 Donated services and use of facilities$25,600
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$511,584

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

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