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Nonprofit · EIN 91-2155836

THE PEACH FOUNDATION

Tax-exempt · FOSTER CITY, CA 94404

Financials

$2M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of THE PEACH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,988,494$1,154,489$834,005$12,224,778$4,344$12,220,434
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,580,187
Program service revenue
$0
Investment income
$408,307
Other revenue
$0

Expenses

Grants and similar amounts paid
$886,809
Compensation of officers, directors and key employees
$50,000
Other salaries and wages
$12,000
Salaries, compensation and benefits (total)
$67,135
Professional fundraising fees
$0
Accounting fees
$4,120
Depreciation
$8,996
Program services (functional)
$969,949
Management and general (functional)
$174,084
Fundraising (functional)
$10,456

Balance sheet and other

Total assets, start of year
$10,720,702
Total assets, end of year
$12,224,778
Total liabilities, end of year
$4,344
Net assets, end of year
$12,220,434
Land, buildings and equipment
$276,281
Gross receipts
$1,988,494
Employees
2
Volunteers
9
Year formed
2001
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.

NameTitleHours / weekCompensation
RUTH JENGPRESIDENT
Trustee or director, Officer
40$50,000
ANLI CHAOSECRETARY
Trustee or director, Officer
30$0
LINDA LIMTREASURER
Trustee or director, Officer
–$0
EMILY MANNDIRECTOR
Trustee or director
10$0
CLARA YUDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
1098 MARLIN AVE, FOSTER CITY, CA 94404-1812
In care of
% RUTH JENG
Principal officer (990 for 2024)
RUTH JENG, 1098 MARLIN AVE, FOSTER CITY, CA 94404
Signed the 990
RUTH JENG, PRESIDENT
Phone
(650) 525-1188
Return prepared by
HK & COMPANY AN ACCOUNTANCY CORPORATION

Mission

GRANTING SCHOLARSHIPS AND EDUCATIONAL FUNDS TO HELP CHILDREN FROM THE POOREST PARTS OF CHINA AND SOUTHEAST ASIA WITH AN OPPORTUNITY TO COMPLETE A COLLEGE EDUCATION. TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND TO RAISE THE EDUCATIONAL STANDARD OF THE REGIONS IN WHICH THE CHILDREN LIVE. SEE PART III & SCHEDULE O FOR DETAILS.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANT SCHOLARSHIPS TO STUDENTS IN THE POOREST REGIONS OF CHINA, MAINLY TO SPONSOR THEIR MIDDLE/HIGH SCHOOL AND COLLEGE TUITION FEES. EXCEPTIONS MAY BE MADE FOR ELEMENTARY-LEVEL STUDENTS UNDER SPECIAL CIRCUMSTANCE. 2553 STUDENTS RECEIVED THE SCHOLARSHIPS DURING 2024. SEE ATTACHEMENT A, SCHEDULE TO FORM 990 PART III FOR REFERENCE AND ATTACHMENT B, SUPPLEMENTAL INFORMATION TO FORM 990 PART III, LINE 4A FOR RECIPIENT DETAIL.
    Expenses $569,174 · grants $569,174
  • USING 'TEACHER TRAINING FUNDS' TO PURCHASE TEACHING MATERIALS AND TO CONDUCT TRAINING SEMINARS FOR SCHOOLS LOCATED IN THE POOREST REGIONS OF CHINA IN ORDER TO ENHANCE THE EFFECTIVENESS OF TEACHING. SCHOOLS IN CHINA RECEIVED TEACHING MATERIALS AND/OR HELD SEMINARS USING THE TEACHER TRAINING FUNDS IN 2024. SEE ATTACHMENT A, SCHEDULE TO FORM 990 PART III FOR REFERENCE. USING 'LIBRARY FUNDS' TO PURCHASE BOOKS FOR SCHOOLS LOCATED IN THE POOREST REGIONS OF CHINA. SCHOOLS RECEIVED BOOKS BOUGHT WITH THE LIBRARY FUNDS IN 2024. SEE ATTACHMENT A, SCHEDULE TO FORM 990 PART III FOR REFERENCE. USING 'STUDENT MAGAZINE FUNDS' TO PUBLISH THE FOUNDATION'S MAGAZINE, PEACHER, WHICH COLLECTS ARTICLES FROM SCHOLARSHIP RECIPIENTS AND SERVES AS A VEHICLE FOR THEM TO SHARE IDEAS AND ENHANCE WRITING SKILLS. SEE ATTACHMENT A, SCHEDULE TO FORM 990 PART III FOR REFERENCE. USING 'MYANMAR PROJECT FUNDS', 'THAILAND PROJECT FUNDS', AND 'CAMBODIA PROJECT FUNDS' TO HELP THE POOREST CHILDREN TO OBTAIN EDUCATION FROM MIDDLE SCHOOLS TO COLLEGES AND TRAIN TEACHERS TO OBTAIN BETTER TEACHING SKILLS. SEE ATTACHMENT A, SCHEDULE TO FORM 990 PART III FOR REFERENCE.
    Expenses $311,316 · grants $311,316
  • USING 'STUDENT MEDICAL FUNDS' FOR PHYSICAL EXAMINATIONS AND MEDICAL TREATMENTS DEEMED NECESSARY FOR THOSE SCHOLARSHIP RECIPIENTS WHO CANNOT AFFORD THE EXPENSES THEMSELVES. SEE ATTACHMENT A, SCHEDULE TO FORM 990 PART III FOR REFERENCE.
    Expenses $6,319 · grants $6,319
  • PAYROLL AND OFFICE EXPENSES ALLOCATED TO PROGRAMS.
    Expenses $83,140

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
91-2155836
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
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$12,224,778
Income (IRS master file)
$1,988,494

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,885,180$1,253,499$10,720,702IRS
990December 2022$1,436,917$1,020,180$9,074,475IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about THE PEACH FOUNDATION

What is the EIN of THE PEACH FOUNDATION?
The employer identification number (EIN) of THE PEACH FOUNDATION is 91-2155836.
Is THE PEACH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to THE PEACH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE PEACH 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 THE PEACH 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 THE PEACH 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 THE PEACH FOUNDATION?
The 990 for the year ended December 31, 2024 names RUTH JENG.
Who are the officers and directors of THE PEACH FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $50,000 (RUTH JENG, PRESIDENT).
How much revenue does THE PEACH FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,988,494, expenses of $1,154,489 and total assets of $12,224,778 at year end.

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