Ping Y Tai Foundation Inc
- Assets
- $18.6m
- Revenue
- $1.8m
- Investments
- $18.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1998
- Data as of
- 11/2021
- EIN
- 13-3980789
Organization Overview
Ping Y Tai Foundation Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ping Y Tai Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Ping Y Tai Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $1.3m during the year ending 11/2021. While expenses have increased by 0.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ping Y Tai Foundation Inc has awarded 47 individual grants totaling $2,060,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Duffalo President | 12 | $24,000 | |
Stephanie Fleischer Secretary | 5 | $12,000 | |
Kenneth Shapiro Treasurer | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $427,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,380,405 |
| Capital Gain Net Income | $1,380,405 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,807,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,735 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,746 |
| Total operating and administrative expenses | $213,473 |
| Contributions, gifts, grants paid | $1,060,000 |
| Total expenses and disbursements | $1,273,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,166 |
| Savings and temporary cash investments | $465,276 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,926 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,042,252 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $41,603 |
| Total assets | $18,623,645 |
| Accounts payable and accrued expenses | $37,634 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,634 |
Grants Awarded
Over the last fiscal year, Ping Y Tai Foundation Inc has awarded $1,060,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEUKEMIA LYMPHOMA SOCIET PURPOSE: PROJECT/PROGRAM SUPPORT | $75,000 |
MEMORIAL SLOAN-KETTERING PURPOSE: PROJECT/PROGRAM SUPPORT | $70,000 |
AMERICAN CANCER SOCIETY PURPOSE: PROJECT/PROGRAM SUPPORT | $65,000 |
AMERICAN DIABETES ASSOC RESEARCH FO PURPOSE: PROJECT/PROGRAM SUPPORT | $65,000 |
ALZHEIMERS DISEASE RESEARCH PURPOSE: PROJECT/PROGRAM SUPPORT | $65,000 |
New York, NY PURPOSE: PROJECT/PROGRAM SUPPORT | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Evangelical Services For The Aging Warminster, PA | $27,952,324 | $19,280,063 |
Life At Lourdes Inc Pennsauken, NJ | $24,117,814 | $24,014,115 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Bell Socialization Services Inc York, PA | $8,348,943 | $17,857,924 |
Robert Treat Academy Charter School Inc Newark, NJ | $3,987,701 | $14,176,967 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |
Community Health Action Of Staten Island Inc Staten Island, NY | $10,310,732 | $11,148,216 |