YURISE FOUNDATION INC

EIN: 881471683 501(c)(3) Youth Development

HOUSTON, TX

Total Revenue
$275,295
Total Expenses
$249,120
Total Assets
$1,736,353
Net Assets
$1,554,417
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
TX
Principal Officer
BIN YU
Phone
7138189687
Tax Period
2023-01-01 to 2023-12-31

YURISE FOUNDATION INC, founded in 2022, is a small nonprofit in the Youth Development sector that reported $275K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $249K left a modest 10% surplus.

Mission

OUR MISSION IS ALSO TO PROVIDE SERVICES TAILORED TO THE CULTURAL NEEDS OF COMMUNITY GROUPS. WE AIM TO ESTABLISH A COMMUNITY NETWORK AND BECOME A CENTER FOR INFORMATION SERVICES AND CULTURAL EXCHANGE IN THE COMMUNITY. ADDITIONALLY, WE SEEK TO ACT AS AGENTS FOR STATE AND LOCAL GOVERNMENT SERVICE PROJECTS (AS DELEGATES) THROUGH A RANGE OF COMMUNITY SERVICES.

Program Service Accomplishments

Program 1
Expenses: $41,314 Revenue: $2,577

AREA 1: COMMUNITY AND HEALTH SERVICES:ON OCTOBER 11, 2022, WE SUCCESSFULLY BECAME A CERTIFIED VENDOR FOR THE HHS STAP PROGRAM, ENABLING US TO ASSIST PEOPLE WITH VISUAL AND HEARING IMPAIRMENTS IN...

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AREA 1: COMMUNITY AND HEALTH SERVICES:ON OCTOBER 11, 2022, WE SUCCESSFULLY BECAME A CERTIFIED VENDOR FOR THE HHS STAP PROGRAM, ENABLING US TO ASSIST PEOPLE WITH VISUAL AND HEARING IMPAIRMENTS IN APPLYING FOR FREE ELECTRONIC AIDS, INCLUDING PHONES, MOBILE PHONES, AND TABLETS. OUR AIM IS TO REDUCE COMMUNICATION BARRIERS AND ENSURE THAT THEY CAN OVERCOME LONELINESS, ENHANCE THE JOY AND SECURITY OF THEIR LIVES, AND HAVE GOOD COMMUNICATION AND CONNECTIONS WITH FAMILY, FRIENDS, AND SOCIETY.YURISE FOUNDATION SPECIAL NEEDS PARENTS SUPPORTING AND COMMUNICATING COMMITTEE HELD ITS INAUGURAL EVENT ON OCTOBER 19, 2023, AT THE SUNSHINE COMMUNITY CENTER. WITH OVER 40 PARENTS OF SPECIAL NEEDS CHILDREN AND VARIOUS COMMUNITY MEMBERS IN ATTENDANCE, THE EVENT AIMED TO ESTABLISH A SUPPORTIVE PLATFORM, RECEIVING POSITIVE FEEDBACK.VOTER REGISTRATION: WE PARTNERED WITH HARRIS COUNTY VOTER OFFICE TO PROVIDE 3 WORKSHOPS TO SENIORS IN CHINATOWN ON VOTER'S RIGHT AND TRAINING HOW TO VOTE. AT ELECTION DAY NOVEMBER 7TH, 2023, WE PROVIDED SHUTTLE SERVICES FOR MORE THAN 70 SENIORS LIVING IN SENIOR HOUSING TO VOTE LOCATION AT TRACYG CENTER.WE PARTNERED WITH INTERFAITH MINISTRY TO PROVIDE FREE ENROLLMENTS ON MEAL ON WHEEL SERVICES TO ASIANS IN CHINATOWN AREA. WE EXPECT TO CONTINUE THE SERVICE BY EXPANDING THE FUNCTION TO INCLUDE ASIAN FOOD TO SENIORS IN CHINATOWN AREA.

Program 2
Expenses: $50,331 Revenue: $84,347

AREA 2: ECONOMICSCHINA TRADE MISSION TRIP: YURISE SIGNED MOU WITH GREATER HOUSTON PARTNER AND ASIAN CHAMBER OF COMMERCE IN MAY 2023 AGREED TO CO-ORGANIZE A HOUSTON DELEGATION TO THE 6TH CHINA...

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AREA 2: ECONOMICSCHINA TRADE MISSION TRIP: YURISE SIGNED MOU WITH GREATER HOUSTON PARTNER AND ASIAN CHAMBER OF COMMERCE IN MAY 2023 AGREED TO CO-ORGANIZE A HOUSTON DELEGATION TO THE 6TH CHINA INTERNATIONAL IMPORT EXPO(CIIE) IN EARLY NOVEMBER. FROM MAY TO OCTOBER, MET WITH OTHER ORGANIZERS WEEKLY TO DISCUSS THE DELEGATION PREPARATIONS, 1 OR TWO HOURS EVERY TIME AND HELD THREE SEMINARS TO PROMOTE REGISTRATION FIRSTLY THEN COORDINATE THE DELEGATES TO BEST UTILIZE THIS MISSION TRIP EXPLORING BUSINESS OPPORTUNITIES. WITH 45 DELEGATES REGISTERED IN THE BACKGROUND OF 11 INDUSTRIES, LED THE HOUSTON DELEGATION TO CHINA FROM OCT 30-NOV 2 ATTENDING MULTIPLE BUSINESS EVENTS, INCLUDING OFFICIAL VISITS TO SUZHOU,PUDONG, HONGKOU AND SHANGHAI BUSINESS COMMITTEES, ORGANIZED MATCH-MAKINGS, AND ATTENDED THE 6TH CIIE IN SHANGHAI. DURING THE MISSION, WE COORDINATED THE EXHIBITION BOOTH SETTING UP, TRANSPORTATION AND MEALS, DINNERS AND PARTIES, DELEGATES PASSES TO CIIE, CONFERENCES AND TWO INTERNAL MEETINGS AS WELL. NEARLY 40 DELEGATES JOINED THE MISSION FINALLY, WITH 5 DELEGATES COULDN'T GO TO CHINA DUE TO THEIR OWN REASONS. THE DELEGATES WHO JOINED THE EVENTS AND ACTIVITIES GAVE FEEDBACK THAT THEY HAVE ENJOYED THE MISSION AND PROSPECTED BUSINESS MORE THAN THEY EXPECTED. THROUGH THE DELEGATION BOOKLET, ONE PAGE FOR BOOTH PARTNERS AND BACKDROPS, BESIDES THE COORDINATION WORKS, YURISE FOUNDATION GOT THE RECOGNITION AND WELCOMED BY MORE BUSINESS OWNERS AND COMMERCE CHAMBERS IN BOTH COUNTRIES.

Program 3
Expenses: $10,509

AREA 3: SCHOLARSHIPSYURISE INITIATED ITS FIRST SCHOLARSHIP PROGRAM IN 2023 BY PROVIDING $2000 TO EACH HONOREE WITH 10 HONOREES TOTAL. THE 2023 SCHOLARSHIP COMMITTEE WAS ESTABLISHED IN JANUARY 2023...

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AREA 3: SCHOLARSHIPSYURISE INITIATED ITS FIRST SCHOLARSHIP PROGRAM IN 2023 BY PROVIDING $2000 TO EACH HONOREE WITH 10 HONOREES TOTAL. THE 2023 SCHOLARSHIP COMMITTEE WAS ESTABLISHED IN JANUARY 2023 WITH 4 MEMBERS: CHAIR: JANET QIAN MEMBER: ANGIE WANG; VIKKI LEONG; BIN YUTHE COMMITTEE MET EVERY TWO WEEKS FROM JANUARY TO JUNE. DETAIL SELECTION PROCESSES WITH CRITERIA, EVALUATION MATRIXES, AND COMMUNICATION CAMPAIGN WERE ESTABLISHED AND EXECUTED. AWARE CEREMONY WAS HELD AT HOUSTON CLUB IN JULY. 10 HONOREES RECORDED THEIR VIDEO AND PRESENTED AT THE CEREMONY. THE PAYMENTS WERE MADE TO THEIR COLLEGE ADMISSION OFFICES EXCEPT TWO SENT TO THEIR HOMES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,215
Program Service Revenue $1,648
Investment Income $38,806
Other Revenue $102,626
TOTAL REVENUE $275,295

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $102,154
Other Expenses $248,620
TOTAL EXPENSES $249,120

Year-over-Year Comparison

2023 2022 Change
Revenue $275,295 $1,662,819 -0.8%
Expenses $249,120 $134,577 +0.9%
Net Income $26,175 $1,528,242 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BIN YU PRESIDENT 10.00
Officer Director
$0 $0 $0
YE HU SECRETARY, BOARD MEMBER 0.00
Officer Director
$0 $0 $0
YINGYING YE TREASURER, BOARD MEMBER 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $275,295 $249,120 $1,736,353 $26,175
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