Best Foundation Inc is located in Fresh Meadows, NY. The organization was established in 2019. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best 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 12/2021, Best Foundation Inc generated $18.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 45.5% each year . All expenses for the organization totaled $18.7k during the year ending 12/2021. While expenses have increased by 41.1% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE EDUCATIONAL SERVICES FOR HELPING STUDENTS ENRICH THEIR ACADEMIC LEVELS, AFTERSCHOOL HOMEWORK HELP AND VARIOUS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Moiling Chan Vice Chairman | 3 | $0 | |
Alex Chan Chairman | 8 | $0 | |
Sui Tong Tang Director | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $18,320 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $18,320 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $10,866 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $7,849 |
Total expenses | $18,715 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $4,875 |
Other assets | $0 |
Total assets | $4,875 |
Total liabilities | $5,209 |
Net assets or fund balances | -$334 |
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