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Hsu Family Educational Foundation Inc

EIN 47-5426274 · Fort Walton Beach, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceWeak41 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE STATED MISSION OF HSU FAMILY EDUCATIONAL FOUNDATION, INC (CORPORATION) IS TO PROMOTE EXCELLENCE IN EDUCATION AND ENCOURAGE CLASSROOM INNOVATION. ALL PROGRAMS OF THE CORPORATION SHALL SUPPORT THAT MISSION, AND ALL WHO WORK FOR OR ON BEHALF OF THE CORPORATION SHALL UNDERSTAND AND BE LOYAL TO THAT MISSION AND PURPOSE.

Income
$747,019
Spending
$879,973
Spent on programs
84%
Reserves
-1 months of spending
Largest source of income
donations and private grants, 62%
Employees
0
Volunteers
0

Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 10% of charities in its peer group (education, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 18% of income.

  • Income trend

    5 of 15

    Income fell 22% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 41 out of 100. Higher than 11% of charities in its peer group (education, $250k to $1m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $631,376 spent. EDUCATIONAL SUPPORT PROGRAM: THE HSU EDUCATIONAL FOUNDATION ENCOURAGES ENTREPRENEURSHIP BY SPONSORING EDUCATIONAL EVENTS AND SUPPORTING PROGRAMS THAT HIGHLIGHT STRATEGIES FOR BEING SUCCESSFUL IN SMALL BUSINESS.
  2. $67,666 spent. DRONE TEAM CHALLENGE: UNMANNED AERIAL VEHICLES (UAVS) ARE THE WAY OF THE FUTURE AND TRAINING STUDENTS TO USE THEM EARLY ON GIVES THEM A COMPETITIVE ADVANTAGE THAT WILL BENEFIT THE STUDENT AS WELL AS THE WORKFORCE. BEGINNING AS EARLY AS 3RD GRADE, STUDENTS CAN DIVE INTO AN IMMERSIVE PROGRAM THAT WILL TAKE THEM THROUGH PROGRESSIVE TRAINING COMPLETELY PREPARING THEM FOR A VARIETY OF DRONE RELATED CAREER OPPORTUNITIES.
  3. $38,920 spent. T.E.A.M.S.: RECOGNIZES AND REWARDS ELIGIBLE HIGH SCHOOL EDUCATORS WITH TOP TEAMS AWARDS OF $5,000 EACH AND MERIT AWARDS OF $500 EACH SPONSORED BY LOCAL BUSINESSES. SELECTION IS MADE THROUGH A NOMINATION AND APPLICATION PROCESS. NOMINATIONS MAY BE SUBMITTED BY ANYONE STUDENTS, PARENTS, COMMUNITY MEMBERS, FACULTY, AND TEACHERS MAY EVEN NOMINATE THEMSELVES.

Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending October 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Educational Foundation Inc (Chapel Hill, NC), EIN 56-6058412. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.