EIN 47-5426274

Hsu Family Educational Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
2024
Most recent tax filings
2023-10-01
Description
The Hsu Family Educational Foundation primarily funds teams winner, charitable, kirk scholarship / doolittle golf tournament, constitution week - school program materials. The purpose of the foundation is to provide educational support drone team challenge camps/workshops/demos/innovation. Grantees include Eglin Chapter Air Force Association Aef and others. The foundation made 22 grants last year. The nonprofit type is private foundation. The foundation is located in Fort Walton Beach, FL.
Total revenues
$951,801
2023
Total expenses
$1,616,888
2023
Total assets
$2,015,266
2023
Num. employees
0
2023

Program areas at Hsu Family Educational Foundation

Educational support program: the Hsu Educational Foundation encourages entrepreneurship by sponsoring Educational events and supporting programs that highlight strategies for being successful in small business.
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.
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.
Educational support
Drone team challenge
T.e.a.m.s.

Grants made by Hsu Family Educational Foundation

GranteeGrant descriptionAmount
International Leadership FoundationCharitable Donation$20,000
Children's Miracle Network Hospitals (CMN Hospitals)Charitable Donation$1,284
Emerald Coast Science CenterCharitable$1,000

Who funds Hsu Family Educational Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Be the Magic FoundationGeneral Support$22,000
National AceSponsorship$12,000
Us Foundation for Inspiration and Recognition of Science and TechnologyProgram Support$0

Personnel at Hsu Family Educational Foundation

NameTitleCompensation
D Timothy HerndonDirector$0

Financials for Hsu Family Educational Foundation

RevenuesFYE 10/2023
Total grants, contributions, etc.$951,604
Program services$163
Investment income and dividends$34
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$951,801

Form 990s for Hsu Family Educational Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-102024-09-16990View PDF
2022-102023-09-15990PFView PDF
2020-102021-07-20990PFView PDF
2018-102019-06-19990PFView PDF
2017-102018-12-22990PFView PDF
...and 1 more Form 990
Data update history
March 5, 2024
Updated personnel
Identified 4 new personnel
December 31, 2023
Received grants
Identified 2 new grant, including a grant for $22,000 from Be the Magic Foundation
November 13, 2023
Posted financials
Added Form 990PF for fiscal year 2022
May 22, 2023
Received grants
Identified 2 new grant, including a grant for $75,000 from Ray Foundation
June 28, 2022
Received grants
Identified 1 new grant, including a grant for $7,042 from International Leadership Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Partially liquidatedTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
70 Ready Ave
Fort Walton Beach, FL 32548
Metro area
Crestview-Fort Walton Beach-Destin, FL
County
Okaloosa County, FL
Website URL
hsu-foundation.org/ 
Phone
(850) 226-2776
IRS details
EIN
47-5426274
Fiscal year end
October
Taxreturn type
Form 990
Year formed
2024
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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