Bin-Fang Foundation
- Assets
- $983.2k
- Revenue
- $850.0k
- Investments
- $850.0k
- Employees
- 0
- Location
- Chester, PA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4769300
Organization Overview
Bin-Fang Foundation is located in Chester, PA. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Bin-Fang 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 12/2021, Bin-Fang Foundation generated $850.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $332.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO ORGANIZATIONS IN NEED OF COVID 19 ASSISTANCE - SJTUS EVEREST PACE SILVERCARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zhong Li Secretary | 2 | $0 | |
Guofang Wang Chair | 5 | $0 | |
Xiaobin Li President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $850,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $850,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155 |
| Total operating and administrative expenses | $8,755 |
| Contributions, gifts, grants paid | $323,500 |
| Total expenses and disbursements | $332,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $133,180 |
| 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 | $850,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $983,180 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $972,680 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,500 |
| Total liabilities | $983,180 |
Grants Awarded
Over the last fiscal year, Bin-Fang Foundation has awarded $323,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Chester, PA PURPOSE: FQHC LOOK ALIKE FACILITY 340B PROGRAM | $260,000 |
SJTUSMNAF PURPOSE: COVID EDUCATION | $25,000 |
SILVER NURSING DEVELOPMENT PURPOSE: COVID 19 PREVENTION | $20,000 |
FHL CHURCH PURPOSE: DONATIONS | $10,000 |
SAGP PURPOSE: FIGHTING COVID TOGETHER EVENT | $5,000 |
FRIENDS OF THADDEUS CHESTER PURPOSE: COVID PREVENTION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |
Birthright Israel North America Inc New York, NY | $2,756,137 | $5,688,766 |
Soros Economic Development Fund New York, NY | $190,503,205 | $61,273,314 |