Nonprofit · EIN 27-4542683
USTC INITIATIVE FUND
Tax-exempt · PASADENA, CA 91106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $938,716 | $108,771 | $829,945 | $4,907,754 | $0 | $4,907,754 |
| December 31, 2023 | 990 (amended) | $1,713,553 | $1,216,739 | $496,814 | $4,068,671 | $0 | $4,068,671 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $791,747
- Program service revenue
- $6,152
- Investment income
- $140,817
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $74,784
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,775
- Travel
- $5,746
- Program services (functional)
- $96,621
- Management and general (functional)
- $12,150
Balance sheet and other
- Total assets, start of year
- $4,065,506
- Total assets, end of year
- $4,907,754
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,907,754
- Publicly traded securities
- $14,524
- Net assets without donor restrictions
- $4,907,754
- Gross receipts
- $938,716
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2010
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Hua Jiang | President Trustee or director, Officer | 2 | $0 |
| Lei Zhang | Chief Financial Officer Trustee or director, Officer | 3 | $0 |
| Haoying Sun | Secretary Trustee or director, Officer | 1 | $0 |
| Long Yu | Director Trustee or director, Officer | 2 | $0 |
| Ou Chen | Director Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LONG YU | DIRECTOR Trustee or director, Officer | 2 | $0 |
| OU CHEN | DIRECTOR Trustee or director, Officer | 2 | $0 |
| HAOYING SUN | SECRETARY Trustee or director, Officer | 1 | $0 |
| HUA JIANG | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LEI ZHANG | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 259 N HOLLISTON AVE APT 8, PASADENA, CA 91106-1537
- Mailing address (990-N for 2014)
- 4147 Stanley Ave, Fremont CA 945384162
- Principal officer (990 for 2024)
- Hua Jiang, 259 North Holliston Ave Suite 8, Pasadena, CA 91106
- Principal officer (990-N for 2014)
- Hua Jiang, 4147 Stanley Ave, Fremont CA 945384162
- Signed the 990
- Hua Jiang, President
- Phone
- (650) 691-8648
- Website
- usa.ustcif.org
California records
California keeps its own records of charities and corporations. Search them by EIN 27-4542683 or by the name USTC INITIATIVE FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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.
Program accomplishments
- 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 industries (2) Tech Summits (Seattle and Boston) - Featuring academic and industry leaders from UW, MIT, Harvard, etc. 2.Career Development (1)Lighthouse Mentorship Program - Supporting next-generation entrepreneurs 3.Knowledge Dissemination (1) MiciusSalon - Science education broadcastsExpenses $36,621 · grants $36,621
- University of Arizona Academic Exchange Program: This IRS-compliant program facilitates scholarly collaboration through: (1) Faculty and student lectures and seminars (2) Joint academic initiatives Designed exclusively to: (1) Advance knowledge sharing (2) Promote research innovation (3) Strengthen institutional partnershipsExpenses $30,000 · grants $30,000
- 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 to conduct summer research on campus. As non-degree visiting scholars, participants engage in faculty-mentored projects while contributing to the academic diversity of Stanford's research community. This exchange advances the university's global engagement mission by: (1) Providing Asian undergraduates with immersive research training in a U.S. academic environment (2) Enriching Stanford's intellectual landscape through international scholarly exchange (3) Establishing lasting institutional partnerships through shared academic endeavors All program activities comply with relevant U.S. tax regulations governing international educational exchanges.Expenses $30,000 · grants $30,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4542683
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $4,907,754
- Income (IRS master file)
- $938,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $938,716 | $108,771 | $4,907,754 | XML |
| 990 | December 2023 | $1,713,553 | $1,216,739 | $4,068,671 | XML |
| 990 | December 2022 | $1,246,086 | $882,106 | $3,563,310 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Hua Jiang | June 30, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4542683).
Questions about USTC INITIATIVE FUND
- What is the EIN of USTC INITIATIVE FUND?
- The employer identification number (EIN) of USTC INITIATIVE FUND is 27-4542683.
- Is USTC INITIATIVE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to USTC INITIATIVE FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does USTC INITIATIVE FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of USTC INITIATIVE FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did USTC INITIATIVE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of USTC INITIATIVE FUND?
- The 990 for the year ended December 31, 2024 names Hua Jiang.
- Who are the officers and directors of USTC INITIATIVE FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does USTC INITIATIVE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $938,716, expenses of $108,771 and total assets of $4,907,754 at year end.
Other nonprofits in PASADENA
- CALIFORNIA INSTITUTE OF TECHNOLOGY EIN 95-1643307 · last filed 990 for 2025
- ART CENTER COLLEGE OF DESIGN EIN 95-1921340 · last filed 990 for 2025
- POLYTECHNIC SCHOOL EIN 95-1641456 · last filed 990 for 2025
- FULLER THEOLOGICAL SEMINARY EIN 95-1699394 · last filed 990 for 2025
- OPTIONS FOR YOUTH - ACTON EIN 82-2272612 · last filed 990 for 2025
- OPTIONS FOR YOUTH-SAN BERNARDINO INC EIN 27-1001410 · last filed 990 for 2025
- OFL WILLIAM S HART INC EIN 83-3736184 · last filed 990 for 2025
- VILLA ESPERANZA SERVICES EIN 95-2148860 · last filed 990 for 2025