Qi Tao Inc
- Assets
- $2.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-2792398
Organization Overview
Qi Tao Inc is located in Brooklyn, NY. The organization was established in 2016. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Qi Tao 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 12/2021, Qi Tao Inc generated $73.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $77.7k during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED APPROXIMATELY 270 HOURS OF TRAINING IN TAI CHI, QIGONG AND KUNG FU FOR APPROXIMATELY 50 SENIORS, OTHER ADULTS AND CHILDREN
PROVIDED APPROXIMATELY 270 HOURS OF TRAINING IN TAI CHI, QIGONG AND KUNG FU FOR APPROXIMATELY 50 SENIORS, OTHER ADULTS AND CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tzyann Hsu-Berman Executive Director | 40 | $31,080 | |
Peter Berman Director Of Children's Programming | 40 | $10,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,399 |
| Membership dues | $135 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,116 |
| Total Revenue | $73,650 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,088 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,713 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,867 |
| Total expenses | $77,668 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,707 |
| Other assets | $0 |
| Total assets | $2,707 |
| Total liabilities | $32,499 |
| Net assets or fund balances | -$29,792 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Qi Tao Inc has recieved totaling $44.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirica Inc Stamford, CT | $38,438,849 | $9,454,101 |
Rewarding Environments For Adultliving Inc Elmont, NY | $6,389,376 | $6,709,006 |
Harlem Lacrosse And Leadership Corporation New York, NY | $2,915,816 | $6,267,239 |
Community Rowing Inc Brighton, MA | $16,273,081 | $6,722,803 |
Josiah Willard Hayden Recreation Center Inc Lexington, MA | $26,597,268 | $5,479,768 |
Monroe Community Sports Centre Corporation Rochester, NY | $10,874,985 | $2,546,542 |
Pilgrim Skating Arena Inc Hingham, MA | $11,883,485 | $3,566,472 |
Section Viii Of The New York State Public High Sch Athletic Assn Inc Garden City, NY | $2,112,612 | $1,625,215 |
St George Community Center I Inc Brooklyn, NY | $100,070 | $1,691,089 |
Knox Inc Hartford, CT | $1,543,474 | $1,697,399 |
Atlantic City Sports Commission Inc Atlantic City, NJ | $24,469 | $1,394,636 |
Metropolitan Oval Foundation Inc Brooklyn, NY | $2,176,196 | $1,492,915 |