Nonprofit · EIN 47-5426274
HSU FAMILY EDUCATIONAL FOUNDATION INC
Tax-exempt · FT WALTON BCH, FL 32548
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $937,357 | $775,857 | $161,500 | $2,051,199 | $77,261 | $1,973,938 |
| October 31, 2024 | 990 | $747,019 | $879,973 | -$132,954 | $1,928,927 | $116,489 | $1,812,438 |
| October 31, 2023 | 990 | $951,801 | $1,616,888 | -$665,087 | $2,015,266 | $69,875 | $1,945,391 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $928,663
- of which government grants
- $108,123
- Program service revenue
- $8,151
- Investment income
- $197
- Other revenue
- $346
Expenses
- Grants and similar amounts paid
- $24,153
- Other salaries and wages
- $275,681
- Salaries, compensation and benefits (total)
- $392,861
- Professional fundraising fees
- $0
- Occupancy
- $10,000
- Travel
- $5,675
- Program services (functional)
- $567,424
- Management and general (functional)
- $208,433
Balance sheet and other
- Total assets, start of year
- $1,928,927
- Total assets, end of year
- $2,051,199
- Total liabilities, end of year
- $77,261
- Net assets, end of year
- $1,973,938
- Land, buildings and equipment
- $1,884,924
- Net assets without donor restrictions
- $1,973,938
- Gross receipts
- $937,357
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- FL
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL S HSU PH D | PRESIDENT Officer | 5 | $0 |
| MAJES HSU | VICE PRESIDENT Officer | 0.5 | $0 |
| D TIMOTHY HERNDON | SECRETARY/TREASURER Officer | 0.5 | $0 |
990 for the year ended October 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL S HSU PH D | PRESIDENT Officer | 5 | $0 |
| MAJES HSU | VICE PRESIDENT Officer | 0.5 | $0 |
| D TIMOTHY HERNDON | SECRETARY/TREASURER Officer | 0.5 | $0 |
990 for the year ended October 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL S HSU PH D | PRESIDENT Officer | 5 | $0 |
| MAJES HSU | VICE PRESIDENT Officer | 0.5 | $0 |
| D TIMOTHY HERNDON | SECRETARY/TREASURER Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 70 READY AVE NW, FT WALTON BCH, FL 32548-3857
- Principal officer (990 for 2024)
- D TIMOTHY HERNDON, 4502 HIGHWAY 20 EAST SUITE A, NICEVILLE, FL 32578
- Signed the 990
- D TIMOTHY HERNDON, DIRECTOR
- Phone
- (850) 226-2776
- Website
- HSU-FOUNDATION.ORG
- Return prepared by
- CRI ADVISORS LLC
Mission
THE STATED MISSION OF HSU FAMILY EDUCATIONAL FOUNDATION, INC (CORPORATION) IS TO PROMOTE EXCELLENCE IN EDUCATION AND ENCOURAGE CLASSROOM INNOVATION. ALL PROGRAMS OF THE CORPORATION SHALL SUPPORT THAT MISSION, AND ALL WHO WORK FOR OR ON BEHALF OF THE CORPORATION SHALL UNDERSTAND AND BE LOYAL TO THAT MISSION AND PURPOSE.
Program accomplishments
- 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.Expenses $482,311 · grants $20,530
- 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 $56,742 · grants $2,415
- 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 $28,371 · grants $1,208
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 47-5426274
- 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
- 2024
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,051,199
- Income (IRS master file)
- $937,357
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $937,357 | $775,857 | $2,051,199 | XML |
| 990 | October 2024 | $747,019 | $879,973 | $1,928,927 | XML |
| 990 | October 2023 | $951,801 | $1,616,888 | $2,015,266 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2020 | – | – | – | IRS |
| 990-PF | October 2018 | – | – | – | IRS |
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 47-5426274).
Questions about HSU FAMILY EDUCATIONAL FOUNDATION INC
- What is the EIN of HSU FAMILY EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of HSU FAMILY EDUCATIONAL FOUNDATION INC is 47-5426274.
- Is HSU FAMILY EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to HSU FAMILY EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HSU FAMILY EDUCATIONAL FOUNDATION INC 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 HSU FAMILY EDUCATIONAL FOUNDATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HSU FAMILY EDUCATIONAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of HSU FAMILY EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended October 31, 2025 names D TIMOTHY HERNDON.
- Who are the officers and directors of HSU FAMILY EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended October 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does HSU FAMILY EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $937,357, expenses of $775,857 and total assets of $2,051,199 at year end.
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