Bin-Fang Foundation
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $1.1m
- Employees
- 0
- Location
- Chester, PA
- Founding
- Data as of
- 12/2022
- 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 12/2022, Bin-Fang Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $213.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bin-Fang Foundation has awarded 19 individual grants totaling $519,107. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO ORGANIZATIONS TO PROVIDE CHARITABLE MEDICAL CARE AND RESEARCH TO STOP INFECTIOUS DISEASE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiaobin Li President | 5 | $0 | |
Guofang Wang Chair | 5 | $0 | |
Zhong Li Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,003,650 |
| Interest on Savings | $4 |
| Dividends & Interest | $12,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,750 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,014,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105 |
| Total operating and administrative expenses | $53,858 |
| Contributions, gifts, grants paid | $159,607 |
| Total expenses and disbursements | $213,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,015,528 |
| Savings and temporary cash investments | $16,071 |
| 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 | $1,124,662 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,156,261 |
| 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 | $10,750 |
| Total liabilities | $10,750 |
Grants Awarded
Over the last fiscal year, Bin-Fang Foundation has awarded $159,607 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EVEREST PACE CENTER PURPOSE: FQHC LOOK ALIVE FACILITY 340B PROGRAM | $100,000 |
CAPA TE PURPOSE: COVID EDUCATION | $607 |
SJTUSMNAF PURPOSE: COVID EDUCATION | $15,000 |
FHL CHURCH PURPOSE: DONATIONS | $4,000 |
LIANG ZHU MEMORIAL FUND PURPOSE: SCIENTIFIC & MEDICAL RESEARCH | $10,000 |
SUNSHINE YOUTH ACTIVITY CENTER PURPOSE: SUPPORT FOR FIGHTING AGAINST COVID-19 | $20,000 |