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Nonprofit · EIN 87-2892879

Z&Y FUTURE FOUNDATION

Tax-exempt · PLANO, TX 75024

Financials

$745K$38K2023$559K$42K2024
Revenue Expenses · by fiscal year end
Financials of Z&Y FUTURE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$558,607$42,475$516,132$1,839,758$0$1,839,758
December 31, 2023990$744,605$37,648$706,957$1,323,626$0$1,323,626
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$445,000
Program service revenue
$0
Investment income
$113,607
Net gain from sales of assets
$89,511
Other revenue
$0

Expenses

Grants and similar amounts paid
$11,600
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$36,353
Management and general (functional)
$6,122

Balance sheet and other

Total assets, start of year
$1,323,626
Total assets, end of year
$1,839,758
Total liabilities, end of year
$0
Net assets, end of year
$1,839,758
Publicly traded securities
$175,747
Net assets without donor restrictions
$1,839,758
Gross receipts
$2,359,713
Employees
0

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.

NameTitleHours / weekCompensation
GUIRU LIUVICE PRESIDE
Officer
3.7$0
CLAIRE ZHUTREASURER
Officer
1.8$0
FENGJI ZHUPRESIDENT
Officer
2.9$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
GUIRU LIUVICE PRESIDE
Officer
–$0
CLAIRE ZHUTREASURER
Officer
–$0
FENGJI ZHUPRESIDENT
Officer
–$0

Address and contacts

Address (IRS master file)
4020 HEDGCOXE RD STE 750, PLANO, TX 75024-7773
Principal officer (990 for 2024)
FENGJI ZHU, 4020 HEDGCOXE RD SUITE 750, PLANO, TX 75024
Signed the 990
FENGJI ZHU, PRESIDENT
Phone
(972) 358-8286
Return prepared by
M J CHAU & ASSOCIATES PLLC

Mission

THE FOUNDATION WILL FOCUS ON FINANCIAL AID FOR EXCELLENT ASIAN STUDENT SUCCESS IN HIGH SCHOOL AND COLLEGE OF THE WORLD. WE WILL DONATE MONEY FOR STUDENT TUITION AND HELP THEM TO ACHIEVE THEIR HIGHER GOAL, IN ADDITION, WE WILL DONATE THE MONEY FOR MEDICAL PURPOSE NEW DEVICE AND PROJECTS INCLUDING ALL THE MEDICAL RESEARCH FIELDS WHICH CAN ACHIEVE THE BETTER IMPROVED THE HUMAN BEING LIVING CONDITION.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATION SUPPORT
    Expenses $36,353 · grants $11,600

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-2892879
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,839,758
Income (IRS master file)
$2,359,713

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$558,607$42,475$1,839,758XML
990December 2023$744,605$37,648$1,323,626XML
990December 2022-$293,569$33,656$616,669IRS
990December 2021–––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 87-2892879).

Questions about Z&Y FUTURE FOUNDATION

What is the EIN of Z&Y FUTURE FOUNDATION?
The employer identification number (EIN) of Z&Y FUTURE FOUNDATION is 87-2892879.
Is Z&Y FUTURE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to Z&Y FUTURE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does Z&Y FUTURE FOUNDATION 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 Z&Y FUTURE FOUNDATION 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 Z&Y FUTURE FOUNDATION 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 Z&Y FUTURE FOUNDATION?
The 990 for the year ended December 31, 2024 names FENGJI ZHU.
Who are the officers and directors of Z&Y FUTURE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does Z&Y FUTURE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $558,607, expenses of $42,475 and total assets of $1,839,758 at year end.

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