Bing And Rachel Zhang Family Foundation
- Assets
- $3.7m
- Revenue
- $41.3k
- Investments
- $3.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 83-1344744
Organization Overview
Bing And Rachel Zhang Family Foundation is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bing And Rachel Zhang Family Foundation 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 12/2023, Bing And Rachel Zhang Family Foundation generated $41.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (54.1%) each year. All expenses for the organization totaled $564.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bing And Rachel Zhang Family Foundation has awarded 40 individual grants totaling $2,182,989. 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 |
|---|---|---|---|
Bing Zhang President | 1 | $0 | |
Rachel W Zhang Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,869 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,568 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,869 |
| Contributions, gifts, grants paid | $532,630 |
| Total expenses and disbursements | $564,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,308 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,677,507 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Bing And Rachel Zhang Family Foundation has awarded $532,630 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHMERE ACADEMY PURPOSE: CHARITABLE FUNCTION | $2,000 |
CENTRAL FLORIDA EVERGREEN SENIORS CLUB PURPOSE: CHARITABLE FUNCTION | $2,000 |
CACC PURPOSE: CHARITABLE FUNCTION | $2,000 |
DCAA PURPOSE: CHARITABLE FUNCTION | $6,000 |
OREGON STATE UNIVERSITY PURPOSE: CHARITABLE FUNCTION | $5,000 |
SECOND HARVEST FOOD BANK OF CENTRAL FLORIDA PURPOSE: CHARITABLE FUNCTION | $1,000 |