Nuro Generation Fund: Nonprofit Profile, Financials & Form 990 (EIN 88-2931443)

Revenue by fiscal year
FY2023	$119.9M
FY2024	$0
FY2025	$9K
FY2026	$4K

Expenses by fiscal year
FY2023	$0
FY2024	$0
FY2025	$9K
FY2026	$4K

Net assets by fiscal year
FY2023	$119.9M
FY2024	$119.9M
FY2025	$38.4M
FY2026	$38.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026.

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

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $4K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII

David Ferguson

Co-CEO

$0Pt VII · Sec A

Jiajun Zhu

Co-CEO

$0Pt VII · Sec A

See Nuro Generation Fund 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

Improves everyday life through initiatives in health, education, safety, environment, and technology.

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Provided by the organization

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1 program · in their own filed words · FY2025

01

The organization is in the fourth year of operation and has not begun program services as the organization's assets are illiquid.

Pt IX · col B

By the numbers

The FY2026 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4K

Ln 12

Gifts and grantsLn 1h$4K

Money outPt IX

$4K

Ln 25

Managementcol C$4K

Owns and owesPt X

$38.4M

net assets · Ln 32

Total assetsLn 16$38.4M

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4K

Noncash giftsLn 1g$4K

Total revenueLn 12$4K

Assets in detailPt X, end of year

InvestmentsLn 11–13$38.4M

Total assetsLn 16$38.4M

LiabilitiesLn 26$0

Net assetsLn 32$38.4M

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 FY26	End FY26
InvestmentsLn 11–13	$38.4M	$38.4M
Total assetsLn 16	$38.4M	$38.4M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$38.4M	$38.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$213		$213
Accounting feesLn 11c	$4K		$4K
Total functional expensesLn 25	$4K	$0	$4K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2026 Latest Viewing	$4K	$4K	$0	$38.4M	990 PDF
FY2025	$9K	$9K	$0	$38.4M	990 PDF
FY2024	$0	$0	$0	$119.9M	990 PDF
FY2023	$119.9M	$0	$119.9M	$119.9M	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 FY2026 990 (6 parts)

Part I · Summary $4,493 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,227$4,493

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $9,227$4,493

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

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 $9,227$4,493

I-18 Total expensesPrior year $9,227$4,493

I-19 Revenue less expensesPrior year $0$0

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

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 $4,493 across 4 lines filed

VIII-1f All other contributions, gifts and grants$4,493

VIII-1g Noncash contributions (included above)$4,493

VIII-1h Total contributions, gifts and grants$4,493

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,493

Part IX · Statement of functional expenses $4,493 across 2 lines filed

IX-11b Legal feesManagement $213$213

IX-11c Accounting feesManagement $4,280$4,280

IX-25 Total functional expensesPrograms $0 · Management $4,493 · Fundraising $0$4,493

Part X · Balance sheet $38,421,683 assets, 5 lines filed

X-12 Other securitiesStart of year $38,421,683$38,421,683

X-16 Total assetsStart of year $38,421,683$38,421,683

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $38,421,683$38,421,683

X-33 Total liabilities and net assetsStart of year $38,421,683$38,421,683

Part XI · Reconciliation of net assets $38,421,683 net assets at year end

XI-1 Total revenue$4,493

XI-2 Total expenses$4,493

XI-3 Revenue less expenses$0

XI-4 Net assets at start of year$38,421,683

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$38,421,683

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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