THE PEACH FOUNDATION

EIN: 912155836 501(c)(3) Education

FOSTER CITY, CA

Total Revenue
$1,885,180
Total Expenses
$1,253,499
Total Assets
$10,720,702
Net Assets
$10,718,978
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Principal Officer
RUTH JENG
Phone
6505251188
Tax Period
2023-01-01 to 2023-12-31

THE PEACH FOUNDATION, founded in 2001, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $632K, a strong 34% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $684,878

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...

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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. 2946 STUDENTS RECEIVED THE SCHOLARSHIPS DURING 2023. SEE ATTACHEMENT A, SCHEDULE TO FORM 990 PART III FOR REFERENCE AND ATTACH B, SUPPLEMENTAL INFORMATION TO FORM 990 PART III, LINE 4A FOR RECIPIENT DETAIL.

Program 2
Expenses: $336,900

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...

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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 2023. 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 2023. 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.

Program 3
Expenses: $3,796

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,662,507
Program Service Revenue $0
Investment Income $222,673
Other Revenue $0
TOTAL REVENUE $1,885,180

Expense Breakdown

Grants Paid $1,025,574
Salaries & Benefits $67,093
Fundraising Expenses $5,984
Program Expenses $1,099,119
Other Expenses $160,832
TOTAL EXPENSES $1,253,499

Year-over-Year Comparison

2023 2022 Change
Revenue $1,885,180 $1,436,917 +0.3%
Expenses $1,253,499 $1,020,180 +0.2%
Net Income $631,681 $416,737 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
9

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
$50,000
Total Directors
5
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUTH JENG PRESIDENT 40.00
Officer Director
$50,000 $0 $50,000
ANLI CHAO SECRETARY 30.00
Officer Director
$0 $0 $0
LINDA LIM TREASURER N/A
Officer Director
$0 $0 $0
EMILY MANN DIRECTOR 10.00
Director
$0 $0 $0
CLARA YU DIRECTOR N/A
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
2024 No data No data No data No data
2023 $1,885,180 $1,253,499 $10,720,702 $631,681
2022 $1,436,917 $1,020,180 $9,074,475 $416,737
2021 $1,868,555 $1,105,464 $10,050,354 $763,091
2020 $1,914,589 $1,151,537 $9,104,158 $763,052
2019 $1,992,732 $1,530,918 $7,872,785 $461,814
2018 $1,796,037 $1,669,907 $6,744,766 $126,130
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