NonprofitsHsu Family Educational Foundation Inc

Education

Hsu Family Educational Foundation Inc

FORT WALTON BEACH, FL

Total revenue

$747K

Total expenses

$880K

Net assets

$1.8M

Grants received

$35K

6 grants

EIN

475426274

Tax year

2023

Mission

Promote excellence in education and encourage classroom innovation.

Programs

2 programs

Drone team challenge: unmanned aerial vehicles (uavs) are the way of the future and training students to use them early on gives them a competitive advantage that will benefit the student as well as the workforce. Beginning as early as 3rd grade, students can dive into an immersive program that will take them through progressive training completely preparing them for a variety of drone related career opportunities.

Expenses: $68K

T.e.a.m.s.: recognizes and rewards eligible high school educators with top teams awards of $5,000 each and merit awards of $500 each sponsored by local businesses. Selection is made through a nomination and application process. Nominations may be submitted by anyone students, parents, community members, faculty, and teachers may even nominate themselves.

Expenses: $39KGrants: $27K

Financials

FY 2023

Revenue

Contributions & grants$744K
Program service revenue$2K
Investment income$544
Other revenue$2
Total revenue$747K

Expenses

Grants paid$55K
Salaries & benefits$279K
Fundraising
Other expenses$545K
Total expenses$880K
Total assets$1.9M
Net assets$1.8M

People

3 listed

NameRoleCompensation

PAUL S HSU PH D

PRESIDENT

Board

5 hrs/wk

MAJES HSU

VICE PRESIDENT

Board

0.5 hrs/wk

D TIMOTHY HERNDON

SECRETARY/TREASURER

Board

0.5 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
CHARITABLE DONATION
2023
CHARITABLE DONATION
2022
$7K
CHARITABLE DONATION
2020

Funded by

$35K from 3 funders · 6 grants · 2020–2023

For Inspiration and Recognition of

$16K · 2 grants · 2022–2023

Asian & Pacific Islander American

$12K · 1 grant · 2022

International Leadership Foundation

$7K · 3 grants · 2020–2023

Details

EIN475426274
NTEE codeB82
Subsection03
Ruling date2024-07
Formed2015
Employees0
Volunteers0
HSU FAMILY EDUCATIONAL FOUNDATION INC — Mission, Financials & Grants Received | Grantivo