Nathan Yip Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 82-0549095)

Revenue by fiscal year
FY2021	$209K
FY2022	$323K
FY2022	$130K
FY2023	$486K
FY2024	$382K

Expenses by fiscal year
FY2021	$144K
FY2022	$244K
FY2022	$303K
FY2023	$440K
FY2024	$454K

Net assets by fiscal year
FY2021	$512K
FY2022	$676K
FY2022	$489K
FY2023	$544K
FY2024	$472K

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

79 cents of each dollar spent went to programs.

79%

Program services 79% · $238K Management & general 10% · $30K Fundraising 11% · $35K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation

Linda Yip

Non- Voting Director

$0Pt VII · Sec A

Jimmy Yip

Non-Voting Director

$0Pt VII · Sec A

Doris Burd

Director

$0Pt VII · Sec A

Jane Netzorg

Director

$0Pt VII · Sec A

Sam Bacon

Director

$0Pt VII · Sec A

Rajesh Babu

Director

$0Pt VII · Sec A

Lawrence Chan

Director

$0Pt VII · Sec A

Melly Kinnard

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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2 programs · $238K · in their own filed words · FY2022

01

Provided support to other qualified tax exempt educational organizations

$120Kprogram expense

02

The rural teachers grant program provides funding to teachers in small rural colorado schools to implement smaller projects and programs in their classrooms.

$117Kprogram 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 FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$130K

Ln 12

Gifts and grantsLn 1h$106K

Other incomeLn 4–11$23K

Investment incomeLn 3$262

Money outPt IX

$303K

Ln 25

Programscol B$238K

Managementcol C$30K

Fundraisingcol D$35K

Owns and owesPt X

$489K

net assets · Ln 32

Cash and savingsLn 1–2$118K

Total assetsLn 16$498K

LiabilitiesLn 26$9K

PeoplePt VI, VII

17

listed · VII A

PaidVII A0

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$106K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$16K

Investment incomeLn 3$262

Other incomeLn 4–11$23K

Total revenueLn 12$130K

Assets in detailPt X, end of year

SavingsLn 2$118K

Cash and savings togetherLn 1–2$118K

InvestmentsLn 11–13$326K

Total assetsLn 16$498K

LiabilitiesLn 26$9K

Net assetsLn 32$489K

OperationsPt I, VI

EmployeesI 50

VolunteersI 630

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$328K	$118K
InvestmentsLn 11–13	$341K	$326K
Total assetsLn 16	$675K	$498K
LiabilitiesLn 26	−$1K	$9K
Net assetsLn 32	$676K	$489K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$101K	$101K
Grants to domestic individualsLn 2	$105K	$105K
Management feesLn 11a	$53K	$18K	$18K	$18K
Accounting feesLn 11c	$4K	$1K	$1K	$1K
Investment management feesLn 11f	$2K	$832	$832	$832
Other fees for servicesLn 11g	$2K	$734	$734	$733
Office expensesLn 13	$2K	$687	$687	$687
Information technologyLn 14	$10K	$3K	$3K	$3K
OccupancyLn 16	$17K	$6K	$6K	$6K
Conferences, conventions and meetingsLn 19	$113	$113
InsuranceLn 23	$1K	$365	$364	$364
Other expenses (24a–d)Ln 24	$5K	$1K	$0	$4K
Total functional expensesLn 25	$303K	$238K	$30K	$35K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$382K	$454K	−$73K	$472K	990 PDF
FY2023	$486K	$440K	$46K	$544K	990 PDF
FY2022	$323K	$244K	$79K	$676K	990 PDF
FY2021	$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 FY2022 990 (6 parts)

Part I · Summary $129,507 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $316,913$106,370

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $309$262

I-11 Other revenuePrior year $5,496$22,875

I-12 Total revenuePrior year $322,718$129,507

I-13 Grants and similar amounts paidPrior year $107,604$206,192

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 $136,318$96,658

I-18 Total expensesPrior year $243,922$302,850

I-19 Revenue less expensesPrior year $78,796−$173,343

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 $129,507 across 12 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$15,617

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$90,753

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$106,370

VIII-3 Investment incomeRelated to mission $262 · Unrelated business $0 · Excluded from tax $0$262

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 $22,875$22,875

VIII-12 Total revenueRelated to mission $262 · Unrelated business $0 · Excluded from tax $22,875$129,507

Part IX · Statement of functional expenses $302,850 across 12 lines filed

IX-1 Grants to domestic organizationsPrograms $101,324$101,324

IX-2 Grants to domestic individualsPrograms $104,868$104,868

IX-11a Management feesPrograms $17,583 · Management $17,583 · Fundraising $17,583$52,749

IX-11c Accounting feesPrograms $1,274 · Management $1,275 · Fundraising $1,274$3,823

IX-11f Investment management feesPrograms $832 · Management $832 · Fundraising $832$2,496

IX-11g Other fees for servicesPrograms $734 · Management $734 · Fundraising $733$2,201

IX-13 Office expensesPrograms $687 · Management $687 · Fundraising $687$2,061

IX-14 Information technologyPrograms $3,198 · Management $3,197 · Fundraising $3,197$9,592

IX-16 OccupancyPrograms $5,775 · Management $5,775 · Fundraising $5,775$17,325

IX-19 Conferences, conventions and meetingsPrograms $113$113

IX-23 InsurancePrograms $365 · Management $364 · Fundraising $364$1,093

IX-24 Other expenses (24a–d)Programs $1,000 · Management $0 · Fundraising $4,205$5,205

IX-25 Total functional expensesPrograms $237,753 · Management $30,447 · Fundraising $34,650$302,850

Part X · Balance sheet $497,618 assets, 12 lines filed

X-2 Savings and temporary cash investmentsStart of year $328,011$118,387

X-4 Accounts receivableStart of year $4,715$1,892

X-9 Prepaid expenses and deferred chargesStart of year $1,200$51,260

X-12 Other securitiesStart of year $340,861$326,079

X-16 Total assetsStart of year $674,787$497,618

X-17 Accounts payable and accrued expensesStart of year −$1,290$2,919

X-19 Deferred revenueStart of year $0$5,947

X-26 Total liabilitiesStart of year −$1,290$8,866

X-27 Net assets without donor restrictionsStart of year $596,837$399,512

X-28 Net assets with donor restrictionsStart of year $79,240$89,240

X-32 Total net assets or fund balancesStart of year $676,077$488,752

X-33 Total liabilities and net assetsStart of year $674,787$497,618

Part XI · Reconciliation of net assets $488,752 net assets at year end

XI-1 Total revenue$129,507

XI-2 Total expenses$302,850

XI-3 Revenue less expenses−$173,343

XI-4 Net assets at start of year$676,077

XI-5 Net unrealized gains (losses) on investments−$33,807

XI-6 Donated services and use of facilities$19,825

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$488,752

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nathan Yip Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Nathan Yip Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV