Nonprofit · EIN 87-3501754
BROTHERHOOD CUP FOUNDATION
Tax-exempt · OAKLAND, CA 94612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $79,763 | $114,658 | -$34,895 | $24,246 | $30,857 | -$6,611 |
| December 31, 2023 | 990 | $73,404 | $45,888 | $27,516 | $38,091 | $9,807 | $28,284 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $79,753
- Program service revenue
- $0
- Investment income
- $10
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,000
- Travel
- $5,573
- Program services (functional)
- $50,000
- Management and general (functional)
- $13,923
- Fundraising (functional)
- $50,735
Balance sheet and other
- Total assets, start of year
- $38,091
- Total assets, end of year
- $24,246
- Total liabilities, end of year
- $30,857
- Net assets, end of year
- -$6,611
- Gross receipts
- $79,763
- Employees
- 0
- Year formed
- 2021
- 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 |
|---|---|---|---|
| Zuqi Zhao | Director Trustee or director | 0.5 | $0 |
| Lawrence L Chao | Director Trustee or director | 0.5 | $0 |
| Yafei Liu | President & CEO Officer | 20 | $0 |
| Chao Liu | Treasurer Officer | 10 | $0 |
| Lei Howard Chen | Secretary Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Zuqi Zhao | Director Trustee or director | 0.5 | $0 |
| Lawrence L Chao | Director Trustee or director | 0.5 | $0 |
| Yafei Liu | President & CEO Officer | 20 | $0 |
| Chao Liu | Treasurer Officer | 10 | $0 |
| Lei Howard Chen | Secretary Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1999 HARRISON ST STE 1800, OAKLAND, CA 94612-4700
- In care of
- % WONG & ASSOCIATES CPA
- Mailing address (990-N for 2021)
- 1999 Harrison Street Suite 1800, Oakland CA 94612
- Principal officer (990 for 2024)
- Yafei Liu, 1999 Harrison Street 1800, Oakland, CA 94612
- Principal officer (990-N for 2021)
- Chao Liu, 30 Miranda Ct, Hillsborough CA 94010
- Signed the 990
- Yafei Liu, President & CEO
- Phone
- (925) 989-4299
- Return prepared by
- WMC PC
California records
California keeps its own records of charities and corporations. Search them by EIN 87-3501754 or by the name BROTHERHOOD CUP FOUNDATION.
- 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
The Brotherhood Cup Foundation is a nonprofit organization dedicated to increasing educational opportunities for underserved individuals livingin our local communities, as well as underserved communities around the world, with an initial focus on underserved areas of Singapore. Wewill accomplish this goal by offering scholarships and grants to help cover the costs of participating in educational programs. In addition tooffering scholarships and grants, our organization will also be working to support schools, educational institutions, and other nonprofitorganizations that have demonstrated the ability to offer high quality programs and services to our target community. Through ourorganization's programs and services, we hope to improve access to education and have a positive impact in the lives of the individuals andfamilies that we have the opportunity to work with.
Program accomplishments
- Asian American Stories Program:The Asian American Stories program featured 72 participants from across the United States, including Silicon Valley, San Francisco, Sacramento, and Southern California. Remarkably, participants also came from Washington, Alaska, and Boston, Massachusetts. Among them were a Nobel Peace Prize nominee, the founder of the Global Peace Secretariat, and participants in President Obamas Challenge Program.The participants ranged widely in agefrom under 10 years old to 94and represented diverse Asian communities, including Indian, Chinese, Filipino, Vietnamese, Korean, and Burmese Americans. Their stories highlighted restaurant owners and entrepreneurs pursuing the American dream, new immigrants serving their communities, and cultural advocates promoting art and heritage. Some stories reflected the struggles and perseverance of young people finding their way, while others recounted important moments in Chinese American history or the achievements of generations of scientists and scholars in the U.S.Expenses $50,000
- The Brotherhood Cup Foundation is a nonprofit organization dedicated toincreasing educational opportunities for underserved individuals living in ourlocal communities, as well as underserved communities around the world, with aninitial focus on underserved areas of Singapore. We will accomplish this goal byoffering scholarships and grants to help cover the costs of participating ineducational programs. In addition to offering scholarships and grants, ourorganization will also be working to support schools, educational institutions, andother nonprofit organizations that have demonstrated the ability to offer highquality programs and services to our target community. Through ourorganizations programs and services, we hope to improve access to educationand have a positive impact in the lives of the individuals and families that wehave the opportunity to work with.In order to effectively and efficiently implement our organizations scholarshipand grant program, we will be networking within our target communities (bothdomestically and abroad) to advertise the opportunities that we offer and providestudents and qualified individuals with information on how to apply for supportfrom our organization. An applicant will need to complete an applicationincluding providing proof of financial need. The board members of theBrotherhood Cup Foundation will be responsible for reviewing the applicationssubmitted and determining which students and qualified individuals will receivescholarships and the amount of the scholarships.Our organizations support will cover the cost of the programs the qualifiedindividual applied for. The specific cost will vary based on the programs andactivities the qualified individual will be attending. The support that we offer isnot automatically renewable, but there are no limits on the age, gender, and howmany times an individual can apply for support from our organization.Once the Brotherhood Cup Foundation has selected a scholarship recipient, thefunds will be paid directly to the school or educational program on behalf ofparticipant. This will help ensure that the funds are being used for its intendedpurpose. Our organization will also follow up with the recipients to ensure thatthey are regularly attending and participating through the duration of the programthat the support was awarded for. The number of scholarships and grants awardedper year will depend on the funds available at the time.In addition to awarding scholarships, the Brotherhood Cup Foundation will alsobe working to support other nonprofit organizations that are exempt under IRC501(c)(3) and have demonstrated the ability to offer high quality programs andservices to our target communities. Again, this support will be offered toorganizations working in underserved areas of our local communities as well asorganizations working in underserved communities around the world. Ourorganization will reach out directly to those organization to see if they couldbenefit from our financial support. After our organization has provided support toanother organization, we will follow up with that organization to ensure that thefunds are being used for their intended purpose. We will also require that receiptsor documentation of how the funds were used be provided to our organization tomake sure that the funds are being used appropriately and to make sure ourrecords are accurate.In the future, as our organization grows, we will be working diligently to expandour programs and services in an effort to better fulfill our organizations goals.As a nonprofit organization, we are committed to continually offering the highestquality programs and services possible with the resources we have available.Through our programs and services, we hope to have a positive impact in the livesof those we work with and their communities as a whole.
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
- 87-3501754
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $24,246
- Income (IRS master file)
- $79,763
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $79,763 | $114,658 | $24,246 | XML |
| 990 | December 2023 | $73,404 | $45,888 | $38,091 | XML |
| 990 | December 2022 | $63,951 | $63,183 | $768 | IRS |
| 990-N for 2021 Officer: Chao Liu | December 31, 2021 | ≤ $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 87-3501754).
Questions about BROTHERHOOD CUP FOUNDATION
- What is the EIN of BROTHERHOOD CUP FOUNDATION?
- The employer identification number (EIN) of BROTHERHOOD CUP FOUNDATION is 87-3501754.
- Is BROTHERHOOD CUP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BROTHERHOOD CUP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROTHERHOOD CUP 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 BROTHERHOOD CUP 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 BROTHERHOOD CUP 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 BROTHERHOOD CUP FOUNDATION?
- The 990 for the year ended December 31, 2024 names Yafei Liu.
- Who are the officers and directors of BROTHERHOOD CUP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does BROTHERHOOD CUP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $79,763, expenses of $114,658 and total assets of $24,246 at year end.
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