Public Charity

USTC INITIATIVE FOUNDATION

Based in Pasadena, CA, USTC INITIATIVE FOUNDATION operates as a Public Charity. The organization reported $939K in revenue, $109K in expenses, $4.9M in total assets for fiscal year 2024. Imperigo tracks 18 reported grant relationships connected to this organization totaling approximately $2.6M.

EIN: 274542683 Pasadena, CA Educational Services NTEE: B90 Latest filing: 2024
Total Revenue$939K
Total Expenses$109K
Total Assets$4.9M
Grant Records18
Funding Total$2.6M
Filing Years2020–2024

Mission

To further relationship that would benefit and enrich the academic communities of Asians and Asian Americans in the U.S.A. and in Asia by: (a) providing support for academic communities, including universities, colleges, academic institutions, and affiliate entities, students, faculties and friends; (b) promoting academic and cultural exchange between academic institutions in the U.S.A. and Asia; (c) promoting and inspiring Asian and Asian Americans' excellence in industries.

Where $100 goes at Ustc Initiative Foundation

How Ustc Initiative Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$99 Programs the work itself
$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $99 for programs

$37
Industry Engagement & Educational Programs This IRS compliant initiative facilitates professional development through: 1.Networking Events (1) AI Alumni Cocktail (Silicon Valley) - Connecting tech professionals and researchers across…
38% of program spending
$31
University of Arizona Academic Exchange Program
31% of program spending
$31
Stanford University Undergraduate Visiting Research Program (UGVR) The UGVR program facilitates structured research collaboration between Stanford University and select partner institutions in Asia by sponsoring qualified undergraduate students…
31% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Secretary Haoying Sun
President Hua Jiang
Chief Financial Officer Lei Zhang
Director Long Yu
Director Ou Chen

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,598,590 16 grants
International Aid & Development
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $939K $109K $4.9M
2023 $1.7M $1.2M $4.1M
2022 $1.2M $882K $3.6M
2021 $511K $53K $3.2M
2020 $481K $60K $2.7M

Between 2020 and 2024, reported annual revenue grew from $481K to $939K (+95%), with total assets most recently reported at $4.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for USTC INITIATIVE FOUNDATION

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