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Nonprofit · EIN 94-3255490

SOAR FOUNDATION

Tax-exempt · FREMONT, CA 94539

Financials

$1.7M$680K2023$1.8M$631K2024
Revenue Expenses · by fiscal year end
Financials of SOAR FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,805,263$630,924$1,174,339$8,414,595$315,985$8,098,610
December 31, 2023990$1,661,698$680,024$981,674$6,016,345$436,726$5,579,619
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,401,109
Membership dues
$1,900
Program service revenue
$0
Investment income
$404,154
Other revenue
$0

Expenses

Grants and similar amounts paid
$572,168
Compensation of officers, directors and key employees
$0
Other salaries and wages
$9,325
Salaries, compensation and benefits (total)
$15,805
Professional fundraising fees
$0
Occupancy
$24,496
Travel
$832
Depreciation
$2,228
Program services (functional)
$572,168
Management and general (functional)
$58,756

Balance sheet and other

Total assets, start of year
$6,016,345
Total assets, end of year
$8,414,595
Total liabilities, end of year
$315,985
Net assets, end of year
$8,098,610
Land, buildings and equipment
$2,106
Publicly traded securities
$6,374,620
Net assets without donor restrictions
$2,766,888
Net assets with donor restrictions
$5,331,722
Gross receipts
$1,805,263
Employees
0
Year formed
1995
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
SIU-FONG HUANGBOARD MEMBER
Trustee or director
1$0
DAVY KAOChairman
Trustee or director
1$0
LISA GUOPresident
Trustee or director, Officer
5$0
LILY ZHANGBOARD MEMBER
Trustee or director
1$0
TZUO CHANG LEEBOARD MEMBER
Trustee or director
3$0
KATHY ZHUBOARD MEMBER
Trustee or director
1$0
IRIS LEEBOARD MEMBER
Trustee or director
1$0
EVA XUBOARD MEMBER
Trustee or director
1$0
CHIN CHENBOARD MEMBER
Trustee or director, Officer
2$0
MOON-PIN TZEBOARD MEMBER
Trustee or director
1$0
ALEX WANGBOARD MEMBER
Trustee or director
1$0
REBECCA CHANGBOARD MEMBER
Trustee or director
1$0
LI LIBOARD MEMBER
Trustee or director, Officer
5$0
WEIHAN WANGBOARD MEMBER
Trustee or director
1$0
ANNIE CHENCFO
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
SIU-FONG HUANGBOARD MEMBER
Trustee or director
1$0
DAVY KAOChairman
Trustee or director
1$0
LISA GUOPresident
Trustee or director, Officer
1$0
LILY ZHANGBOARD MEMBER
Trustee or director
0$0
GEORGE XIASecretary
Trustee or director, Officer
0$0
TZUO CHANG LEEBOARD MEMBER
Trustee or director
1$0
KATHY ZHUBOARD MEMBER
Trustee or director
1$0
IRIS LEEBOARD MEMBER
Trustee or director
1$0
EVA XUBOARD MEMBER
Trustee or director
1$0
CHIN CHENBOARD MEMBER
Trustee or director, Officer
1$0
MOON-PIN TZEBOARD MEMBER
Trustee or director
1$0
ALEC WANGBOARD MEMBER
Trustee or director
0$0
REBECCA CHANGBOARD MEMBER
Trustee or director
2$0
LI LIBOARD MEMBER
Trustee or director, Officer
2$0
WEIHAN WANGBOARD MEMBER
Trustee or director
0$0
ANNIE CHENCFO
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
39812 MISSION BLVD STE 203, FREMONT, CA 94539-3087
Signed the 990
ANNIE CHEN, CFO
Phone
(510) 675-0680
Return prepared by
DILIGENT ACCOUNTANCY CORPORATION

Mission

TO GRANT SENIOR HIGH SCHOOL SCHOLARSHIPS AND COLLEGE SCHLOARSHIPS TO CHINA RURAL AREA IN POVERTY. ALSO EXTNEDED MISSION TO HELP PRESCHOOLERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION AWARDED SCHOLARSHIPS TO HIGH SCHOOL STUDENT AND SCHOLARSHIPS TO COLLEGE STUDENTS IN CHINA. THE SCHOLARSHIP COVERS THE LIVING COSTS, TUITION, AND SUPPLIES FOR ONE YEAR OF SCHOOLING.
    Expenses $572,168 · grants $572,168
  • THE FOUNDATION HELPS SUPPORT PRESCHOOLS AND PRESCHOOL STUDENTS IN CHINA BY PROVIDING FUNDING FOR BUILDING ACTIVITY ROOMS, PLAYGROUNDS, HELPING SUBSIDIZE TEACHER LIVING COSTS, TUITION AND NUTRITION PROGRAMS, LEARNING EQUIPMENT, CLASSROOM DESK AND CHAIR UNITS, DORM BEDDING/MATTRESS, AND RELATED COSTS. THE FOUNDATION'S MISSION IN THIS PROGRAM IS MAINLY TO HELP PRESCHOOL STUDENTS IN POOR AND RURAL AREAS TO GET A BETTER EDUCATIONAL ENVIRONMENT

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
94-3255490
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
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$8,414,595
Income (IRS master file)
$1,805,263

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,661,698$680,024$6,016,345IRS
990December 2022$1,030,216$706,495$4,597,945IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 SOAR FOUNDATION

What is the EIN of SOAR FOUNDATION?
The employer identification number (EIN) of SOAR FOUNDATION is 94-3255490.
Is SOAR FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to SOAR FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOAR 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 SOAR 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 SOAR FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of SOAR FOUNDATION?
The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
How much revenue does SOAR FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,805,263, expenses of $630,924 and total assets of $8,414,595 at year end.

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