Foundation for Australian Studies in China

Donation Funded iconThis charity receives a significant portion of its funding (specifically, more than 30% of its total revenue) directly from donations and bequests. This indicates that public contributions are a crucial financial lifeline for their mission.Volunteer Powered iconThis charity relies heavily on the incredible dedication of volunteers. It means their operations are significantly powered by volunteer efforts, where the collective contribution of volunteers is either substantial compared to paid staff, or their work is entirely run by volunteers. Your time and skills could make a huge difference here!
Website:
www.fasic.org.au
ABN:
23 151 021 037
Main Address:
Governor Phillip Tower Level 36, 1 Farrer Place, Sydney, NSW, 2000
Charity Size:
SmallSmall charities, those with an annual revenue of under $500,000, are often the unsung heroes, deeply rooted in local communities. Think of your local soup kitchen, the neighbourhood environmental group, or the tiny organisation providing crucial support to families in crisis. These charities punch above their weight, delivering highly personalised services and fostering strong connections.
Charity Type:
Education
Registration Status:
Registeredthe charity’s registration is active
Religious Affiliation:
No Religious AffiliationThis category comprises charities that do not have any religious affiliation. They operate independently of specific religious doctrines and focus on their mission based on secular principles
DGR Status:
Not Tax DeductibleThis charity or fund is currently not recognised by the Australian Taxation Office (ATO) as a Deductible Gift Recipient (DGR). Donations made to this entity are generally not tax-deductible for the donor. This status indicates the entity does not hold active DGR endorsement, based on official ABR data.

Also known as:

Juanita Freeman

The Company s principal activities during the financial year were: to provide support to Professor Pookong Kee, the third BHP Chair of Australian Studies at Peking University and the Chair s initiatives, including leading and producing the first and second Australian Studies in China Online Resource interview series; to provide funding to Peking University for activities related to the BHP Chair for the year 20212022; to administer and provide funding to the 2021 Australian Studies in China Program (2021 ASP) funded by the National Foundation for AustraliaChina Relations (NFACR) with the guidance from the independent Academic Advisory Committee (AAC); to finalize and announce the results and disburse funding of the 2021 Australian Studies in China Program (2021 ASP); to launch and commence the selection process of the 2022 Australian Studies in China Program (2022 ASP); to provide agreed funding installments to eligible 2018,2019 & 2020 Scholarship Program awardees. to continue developing relationships with stakeholders in China, including Chinese and Australian universities, the ConsulateGeneral of the People s Republic of China in Sydney, the Chinese Association of Australian Studies (CAAS), the Australian Embassy in Beijing, the NFACR and Department of Foreign Affairs and Trade (DFAT) offices. to approve and to provide funding to requests that fit in the Company s Objectives, including the 2021 Biennial Australian Studies in China book prize, the 2021 BHP Chair of Australian Studies Translation Prize, the Australian Literature Translation Project of the Australia China Institute of Arts and Culture and other activities; and to assist BHP AustraliaChina scholars and ASP grantees whose study plans have been disrupted by COVID19 restrictions

International Activities

Educational Scholarships

Staffing DetailsCharities report the number of full-time, part-time, and casual employees, as well as volunteers, for the last pay period of their reporting year.

MetricCharity ValueAverage (Small)
Full Time00
Part Time10
Casual00
Volunteers1025
Full-Time Equivalent (FTE)Full-Time Equivalent (FTE) is a calculation that represents the number of full-time employees a charity would have if you combined the hours of all its part-time and casual staff.0.002.45
FTE to Volunteer RatioThis ratio compares the number of volunteers to the number of paid full-time equivalent staff. A higher percentage indicates a greater reliance on volunteers.0%4767%
Avg Employee Expenses per FTEThis is the average amount of employee-related expenses (like salary and benefits) spent per full-time equivalent staff member.$0$90,456

Related Party TransactionsA transaction between the charity and a person or entity closely connected to the charity, such as a board member, a major donor, or their family members. These must be disclosed to ensure transparency.

Reporting on related party transactions is not required for small charities.

Key Management Personnel (KMP)Key Management Personnel (KMP) are the people who have the authority and responsibility for planning, directing, and controlling the charity's activities. This typically includes board members and senior executives.

Reporting on Key Management Personnel remuneration is only required for large charities.

Most Recent Annual Information Submitted 2022

Lodgement was submitted on time.

Reporting Requirements for a Small Charity (Annual revenue under $500,000)

Small charities must submit an Annual Information Statement (AIS) but are not required to submit a full financial report. This means they do not have to provide a detailed breakdown of assets and liabilities or submit audited financial statements, though they must keep financial records.

CategoryCharity ValueAustralian Average (Small)
Net Surplus/DeficitThe difference between a charity's total income and its total expenses for the reporting period. A surplus means income was greater than expenses, while a deficit means expenses were greater than income.$-618,688$2,089
Net Assets/LiabilitiesThe value of what a charity owns (assets) minus what it owes (liabilities). This is also known as total equity or net worth, representing the overall financial position.$1,525,892$0
Total RevenueTotal Revenue plus Other Income. It represents the total income before any expenses are deducted.$122,617$69,602
Revenue from GovernmentFunding received from local, state, or federal government bodies, including grants and contracts for services. $120,194 $11,389
Donations and BequestsIncome received from individuals, foundations, or corporations in the form of gifts, donations, and bequests (gifts left in a will). $0 $25,364
Revenue from Goods and ServicesIncome generated from selling goods or providing services that are part of the charity's mission or fundraising activities. $0 $15,438
Revenue from InvestmentsIncome earned from the charity's investments, such as interest from bank accounts, dividends from shares, and rent from property. $2,423 $5,632
Other RevenueIncome from any other sources that don't fit into the main categories. $0 $6,826
Other IncomeOther non-operating income, such as one-off gains from the sale of assets. $0 $4,952
Total Gross IncomeTotal Revenue plus Other Income. It represents the total income before any expenses are deducted. $122,617 $69,602
Total ExpensesThe total cost incurred by the charity in carrying out its activities, including program, administrative, and fundraising costs.$741,305$67,514
Employee ExpensesAll costs related to paying staff, including salaries and wages, superannuation, and other employee benefits. $0 $17,158
Grants and Donations (Australia)Funds and donations distributed by the charity to other organisations or individuals within Australia to support their work. $6,075 $12,043
Grants and Donations (Overseas)Funds and donations distributed by the charity to other organisations or individuals outside of Australia for international aid and development. $97,805 $2,889
Other ExpensesAll other operational expenses not classified elsewhere, such as administration, fundraising, and program-specific costs. $637,425 $35,425
Total AssetsThe total value of everything the charity owns that has monetary value, including cash, investments, buildings, and equipment.$1,635,116$513,875
Total LiabilitiesThe total amount of money and obligations the charity owes to others.$109,224$64,798