PARSONAGE HILL EDUCATION FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PARSONAGE HILL EDUCATION FOUNDATION (EIN 93-4566746)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202543219349107519
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T18:17:06-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN223556313PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ATA CPA GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11740 STATE ROUTE 27AddressLine1Txt
CityEDISONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08817ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN934566746EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PARSONAGE HILL EDUCATION FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPARSBusinessNameControlTxt
Phone7327779330PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1107 WOODFIELD DRAddressLine1Txt
CitySHORT HILLSCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07078ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCANGHUI QIUPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone5515878858PhoneNum
Signature2025-10-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGRACE T FAN CPAPreparerPersonNm
PTINP00111620PTIN
Phone7327779330PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,788,003FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$226,885ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$35,271InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$35,271InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$35,271InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$262,156TotalRevAndExpnssAmt
Total Net Invst Incm$35,271TotalNetInvstIncmAmt
Total Adj Net Incm$35,271TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$1,500AccountingFeesAdjNetIncmAmt
Other Expenses Rev And Expnss$33,422OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$33,422OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$34,922TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,500TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$33,422TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,268ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,268ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$47,190TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,500TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$45,690TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$214,966ExcessRevenueOverExpensesAmt
Net Investment Income$35,271NetInvestmentIncomeAmt
Adjusted Net Income$33,771AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$721,126CashBOYAmt
Cash EOY$220,833CashEOYAmt
Cash EOYFMV$220,833CashEOYFMVAmt
Sav And Temp Cash Invst EOY$715,259SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$715,259SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,851,911CorporateStockBOYAmt
Corporate Stock EOY$2,851,911CorporateStockEOYAmt
Corporate Stock EOYFMV$2,851,911CorporateStockEOYFMVAmt
Total Assets BOY$3,573,037TotalAssetsBOYAmt
Total Assets EOY$3,788,003TotalAssetsEOYAmt
Total Assets EOYFMV$3,788,003TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$3,573,037NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$3,788,003NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$3,573,037TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,788,003TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,573,037TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,788,003TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,573,037TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$214,966ExcessRevenueOverExpensesAmt
Subtotal$3,788,003SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,788,003TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$490InvestmentIncomeExciseTaxAmt
Subtotal$490SubtotalAmt
Tax Based On Investment Income$490TaxBasedOnInvestmentIncomeAmt
Tax Due$490TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksCANGHUI QIUIndividualWithBooksNm
Phone7327779330PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112 CHAPEL HILL ROADAddressLine1Txt
CitySHORT HILLSCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07078ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsYes (true)BusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CANGHUI QIU
12 CHAPEL HILL ROADSHORT HILLSNJ07078TRUSTEE000.00$0$0$0
RENTIAN HUANG
12 CHAPEL HILL ROADSHORT HILLSNJ07078TRUSTEE000.00$0$0$0
DAVID WU
107 WOODFIELD DRSHORT HILLSNJ07078TRUSTEE000.00$0$0$0
YUAN LI
107 WOODFIELD DRSHORT HILLSNJ07078TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION RECRUITS AND EMPLOYS QUALIFIED TEACHERS AND DIRECTLY DELIVERS CLASSES TO LOCAL CHILDREN IN MONTANA AND NEW YORK.Description1Txt
Expenses1$24,195Expenses1Amt
Description2CONSULTATION SERVICES TO CONDUCT EDUCATIONAL ACTIVITIES ALIGNED WITH THE FOUNDATION'S MISSION,INCLUDING CURRICULUM DESIGN,TEACHER COACHING, CLASSROOM IMPLEMENTATION SUPPORT, AND PROGRAM EVALUATION.Description2Txt
Expenses2$9,227Expenses2Amt
Description3MONITORING ANNUAL REPORT OF COURSEMOJO, A COMPANY PROVIDES PERSONZLIZED SUPPORT IN AND OUT OF THE CLASSROOM, IMPROVING BOTH STUDENT LEARNING AND TEACHER EFFICIENCY.Description3Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$45,690ExpensesAndContributionsAmt
Qualifying Distributions$45,690QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$45,690QualifyingDistributionsAmt
Remaining Distri From Corpus$45,690RemainingDistriFromCorpusAmt
Total Corpus$45,690TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$10Year1Amt
Total$10TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year1$9Year1Amt
Total$9TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$45,690CurrentYearAmt
Year1$6,250Year1Amt
Total$51,940TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$45,690CurrentYearAmt
Year1$6,250Year1Amt
Total$51,940TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Year1$3,573,038Year1Amt
Total$3,573,038TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Year1$3,573,038Year1Amt
Total$3,573,038TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Year1$97,687Year1Amt
Total$97,687TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
TIBET HOUSE CARLIFONIA
5401 WESLEY CTROCKLINCA95765EDUCATION$1,200
YALE ALUMNI
232 YORK STNEW HAVENCT06511EDUCATION$520
BROOKLYN DEBATE
463 LINCOLN PL234BROOKLYNNY11238EDUCATION$7,548
THE GATEWAY SCHOOL
211 W 61 STNEW YORKNY10023EDUCATION$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,268TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$35,271RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$35,271RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$35,271TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$1,500Amt
Adjusted Net Income$1,500AdjustedNetIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSHARES OF COURSEMOJOStockNm
EOY Book Value$2,851,911EOYBookValueAmt
EOYFMV$2,851,911EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK SERVICE$123$123
CONSULTING EXP$9,227$9,227
HOSTING EXP$182$182
OFFICE EXP$765$765
OPERATING EXP$16,058$16,058
TEACHING EXP$7,067$7,067

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.