Xiong Foundation
- Assets
- $835.5k
- Revenue
- $43.3k
- Investments
- $820.5k
- Employees
- 0
- Location
- Redmond, WA
- Founding
- Data as of
- 12/2023
- EIN
- 83-2692899
Organization Overview
Xiong Foundation is located in Redmond, WA. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Xiong 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, Xiong Foundation generated $43.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $25.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CONSIDERED AND REVIEWED VARIOUS PROJECTS AND ORGANIZATIONS THAT SEEK TO PRESERVE RESTORED AND EDUCATE ABOUT THE MOGAO CAVES BUDDHIST PAINTINGS SCULPTURES AND ARCHITECTURE IN THE RELIGIOUS CROSSROADS OF THE HISTORIC SILK ROAD DUNHUANG REGION.
SUCH PROJECTS AND PROGRAMS INCLUDE ORGANIZATIONS THAT PUT FORTH A MULTI-YEAR PRESERVATION STRATEGY THAT WILL DIGITALLY ARCHIVE THE CONTENTS OF EACH MOGAO CAVE USING STATE OF THE ART IMAGING TECHNIQUES.
WE CONSIDERED AND COLLABORATED WITH CRITICALLY ACCLAIMED ARTISTS THAT WILL CREATE MODERN WORKS TO RESEARCH AND CELEBRATE OUR MUSICAL HERITAGE.
WE CONSIDERED FUNDING INTERDISCIPLINARY EDUCATION INITIATIVES THAT WILL PREPARE STUDENTS AND TECHNOLOGIES FOR THE PROBLEMS OF THE MODERN DIGITAL AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rong Hu Director President | 2 | $0 | |
Benjamin Xiong Director Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $128 |
| Dividends & Interest | $40,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,547 |
| Capital Gain Net Income | $16,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $865 |
| Total Revenue | $43,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $500 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $25,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,007 |
| 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 | $835,469 |
| 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 |