Bao Family Foundation
- Assets
- $144.4k
- Revenue
- $31.7k
- Investments
- $94.3k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- Data as of
- 07/2023
- EIN
- 87-3613654
Organization Overview
Bao Family Foundation is located in Dallas, TX. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bao 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 07/2023, Bao Family Foundation generated $31.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (59.6%) each year. All expenses for the organization totaled $20.8k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tianming Bao President | 10 | $0 | |
Maxwell Bao Manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,288 |
| Interest on Savings | $0 |
| Dividends & Interest | $12 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,596 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,704 |
| 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 | $1,104 |
| Total operating and administrative expenses | $2,104 |
| Contributions, gifts, grants paid | $18,682 |
| Total expenses and disbursements | $20,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,170 |
| 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 | $94,322 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,888 |
| Total assets | $144,380 |
| 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, Bao Family Foundation has awarded $18,682 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CASE WESTERN RESERVE UNIVERSITY PURPOSE: TBR THANK YOU TIANMING BAO FOR SUPPORTING ALUMNI ASSOCIATION SCHOLARSHIP CWRU $2000+2022-09-29 | $2,500 |
YOUJI WELFARE CENTER FOR HOMELESS PURPOSE: DONATION TO THE YOUJI WELFARE CENTER FOR HOMELESS PEOPLE | $2,023 |
TSINGHUA UNIVERSITY EDUCATION FOUND PURPOSE: NA | $0 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: ALUMNI SUPPORT | $0 |
ELDERLY VILLAGER PENSION FUND PURPOSE: SUPPLEMENTAL INCOME FOR ELDERLY VILLAGER WITHOUT RETIREMENT BENEFIT AND LACKING FAMILY SUPPORT | $2,164 |
FRIENDS-IN-NEED PURPOSE: CHARITABLE CASH GIVING-AWAY TO VARIOUS PEOPLE IN NEED FOR EDUCATION FOOD AND SHELTER OR IN LOSS OF JOB INCLUDING ELLA ORIVE BRIAN SCHNEIDER SHELLA DAVID DA GAO TINA WANG WENJIE CHEN CHENJIE ZHU DAVID WANG KIDS IN NEED OF TABLETS ETC .. | $10,324 |