Form 990, Part VI, Section A, Line 2
“Linda and james yip are married”
990 • Fiscal year 2022 • EIN 82-0549095
Scores are not available for this record yet.
Assets
Down$497,618
Down $33,338 (-6.3%) from 2021
Net Assets
Down$488,752
Down $22,832 (-4.5%) from 2021
Liabilities
Down$8,866
Down $10,506 (-54%) from 2021
Revenue
Down$129,507
Down $79,790 (-38%) from 2021
Expenses
Up$302,850
Up $158,424 (+110%) from 2021
Net Income
Down-$173,343
Down $238,214 (-367%) from 2021
The purpose or the organization is to reach out to underprivileged children throughout the world thereby enriching their lives by providing schools, education and ongoing support.
To make contributions to support education in rural colorado
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $340,861 | $326,079 | ▼ $14,782 |
| Savings and Temporary Cash Investments | $328,011 | $118,387 | ▼ $209,624 |
| Prepaid Expenses and Deferred Charges | $1,200 | $51,260 | ▲ $50,060 |
| Accounts Receivable | $4,715 | $1,892 | ▼ $2,823 |
| Loans From Officers Directors | $0 | - | - |
| Total Assets | $674,787 | $497,618 | ▼ $177,169 |
| Liabilities | |||
| Deferred Revenue | $0 | $5,947 | ▲ $5,947 |
| Accounts Payable and Accrued Expenses | $-1,290 | $2,919 | ▲ $4,209 |
| Grants Payable | $0 | - | - |
| Mortgage Notes Payable Secured by Investment Property | $0 | - | - |
| Unsecured Notes Loans Payable | $0 | - | - |
| Escrow Account Liability | $0 | - | - |
| Tax Exempt Bond Liabilities | $0 | - | - |
| Total Liabilities | $-1,290 | $8,866 | ▲ $10,156 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $596,837 | $399,512 | ▼ $197,325 |
| Net Assets With Donor Restrictions | $79,240 | $89,240 | ▲ $10,000 |
| Total Net Assets Fund Balance | $676,077 | $488,752 | ▼ $187,325 |
| Total Liabilities and Net Assets / Fund Balance | $674,787 | $497,618 | ▼ $177,169 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $71,171 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2022 | $340,861 | $21,521 | ▼ $33,807 | $0 | $326,079 |
| 2021 | $273,251 | $41,225 | ▲ $29,388 | $0 | $340,861 |
| 2020 | $206,874 | $7,100 | ▲ $62,255 | $0 | $273,250 |
| 2019 | $221,599 | $0 | ▼ $14,525 | $0 | $206,874 |
| 2018 | $0 | $221,864 | → $0 | $0 | $221,599 |
| Name | Title |
|---|---|
| Jon Olafson | President |
| Alan Frosh | Vice President |
| Adrienne Ruston Fitzgibbons | Director |
| Deborah Yim | Director |
| Doris Burd | Director |
| Jack Markson | Director |
| Jane Netzorg | Director |
| Lawrence Chan | Director |
| Melly Kinnard | Director |
| Rajesh Babu | Director |
| Sam Bacon | Director |
| Suzanne Buchanan | Director |
| Thomas Dyer | Director |
| Linda Yip | Non- Voting Director |
| Jimmy Yip | Non-voting Director |
| Martha Hussain | Secretary |
| Debby Buescher | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $206,192 |
| Other Expenses | $96,658 |
| Total Fundraising Expense | $34,650 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $104,868 | - | - | $104,868 |
| Grants to Domestic Orgs | $101,324 | - | - | $101,324 |
| Fees for Services Management | $17,583 | $17,583 | $17,583 | $52,749 |
| Occupancy | $5,775 | $5,775 | $5,775 | $17,325 |
| Information Technology | $3,198 | $3,197 | $3,197 | $9,592 |
| Fees for Services Accounting | $1,274 | $1,275 | $1,274 | $3,823 |
| Other Expenses | $1,000 | $0 | $2,442 | $3,442 |
| Fees for Service Investment Mgmnt Fees | $832 | $832 | $832 | $2,496 |
| Fees for Services Other | $734 | $734 | $733 | $2,201 |
| Office Expenses | $687 | $687 | $687 | $2,061 |
| Insurance | $365 | $364 | $364 | $1,093 |
| Conferences and Meetings | $113 | - | - | $113 |
| Total Functional Expenses | $237,753 | $30,447 | $34,650 | $302,850 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Alamosa School District | Alamosa, CO | 501 (c) (3) | Education | $30,000 |
| Eads High School | Eads, CO | 501 (c) (3) | Education | $28,824 |
| Akron School District | Akron, CO | 501 (c) (3) | Education | $16,000 |
| Mt Evans Boces | Bailey, CO | 501 (c) (3) | Education | $10,000 |
| Ute Mountain Ute Tribe | Towaic, CO | 501 (c) (3) | Education | $10,000 |
| North Park School | Walden, CO | 501 (c) (3) | Education | $6,500 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $48,673 |
| Fundraising Direct Expenses | $25,798 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Sushi Dinner | $22,083 | $20,554 | $494 | $20,060 |
| Dim Sum | $22,989 | $13,695 | $671 | $13,024 |
| Total Events | $64,290 | $48,673 | $25,798 | $22,875 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | - | - |
“Linda and james yip are married”
“The foundation's officers are elected by the directors from the current director membership”
“The form 990 is reviewed by the executive director and the treasurer with the preparing accountant prior to filing. A copy of the form 990 is given to each of the directors.”
“The form 990 is available to the public upon request”
“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”
“There is one board designated endowment fund and two donor designated funds to be used for educational projects in accordance with the organization's current mission”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1892 |
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| IRS990/ActivityOrMissionDesc | 0 | TO MAKE CONTRIBUTIONS TO SUPPORT EDUCATION IN RURAL COLORADO |
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| IRS990/BooksInCareOfDetail/PersonNm | 0 | JILL HENWOOD |
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| IRS990/Desc | 0 | PROVIDED SUPPORT TO OTHER QUALIFIED TAX EXEMPT EDUCATIONAL ORGANIZATIONS |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | TREASURER |
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| IRS990/FormationYr | 0 | 2002 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
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| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 155305 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 3197 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 3197 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 3198 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 9592 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 364 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 364 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 365 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1093 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 262 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 262 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 340861 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 326079 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | CO |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE PURPOSE OF THE ORGANIZATION IS TO CLOSE THE EDUCATIONAL OPPORTUNITY AND EQUALITY GAP BETWEEN RURAL AND URBAN AREAS BY SUPPORTING RURAL EDUCATION IN COLORADO |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 676077 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 488752 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | 22875 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 22875 |
| IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -33807 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 596837 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 399512 |
| IRS990/NoncashContributionsAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 1 |
| IRS990/NondeductibleContriDisclInd | 0 | 1 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 5775 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 5775 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 5775 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 17325 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 687 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 687 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 687 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2061 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | MEALS |
| IRS990/OtherExpensesGrp/Desc | 1 | MARKETING |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 1763 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 2442 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1000 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1763 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 3442 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 1200 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 51260 |
| IRS990/PrincipalOfficerNm | 0 | JILL HENWOOD |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE RURAL TEACHERS GRANT PROGRAM PROVIDES FUNDING TO TEACHERS IN SMALL RURAL COLORADO SCHOOLS TO IMPLEMENT SMALLER PROJECTS AND PROGRAMS IN THEIR CLASSROOMS. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 117432 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 104868 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 316913 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 107604 |
| IRS990/PYInvestmentIncomeAmt | 0 | 309 |
| IRS990/PYOtherExpensesAmt | 0 | 136318 |
| IRS990/PYOtherRevenueAmt | 0 | 5496 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 78796 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 243922 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 322718 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -173343 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 328011 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 118387 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 106370 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 316913 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 213095 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 194156 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 218896 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1049430 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 261 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 309 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 158 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | -13525 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | -463 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | -13260 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.90998 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.89672 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 942897 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 106533 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 106370 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 316913 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 213095 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 194156 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 218896 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1049430 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.