Probabilistic Basketball Chess Foundation
- Assets
- $27.4k
- Revenue
- $25.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 11/2023
- EIN
- 87-4083970
Organization Overview
Probabilistic Basketball Chess Foundation is located in Palo Alto, CA. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Probabilistic Basketball Chess 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 11/2023, Probabilistic Basketball Chess Foundation generated $25.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $26.0k during the year ending 11/2023. While expenses have increased by 21.7% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROM APRIL TO SEPTEMBER 2023, FOUR BASKETBALL CHESS PROMOTIONS AND COMPETITIONS. WE ORGANIZED REGULAR PROMOTION AND ACTIVITIES OF BASKETBALL AND CHESS TO ENRICH PEOPLE'S LEISURE LIFE, PROMOTE HEALTHY MINDS, AND PROMOTE INTELLECTUAL DEVELOPMENT. SPECIFICALLY, ACTIVITIES INCLUDE BUT NOT LIMITED TO THE FOLLOWING:DATE: 12/01/2022 03/19/2023CONTACTING MANUFACTURING VENDORS FOR PBC GAME PIECES, BOARD, AND PACKAGING. SELECTED 2 VENDORS OF CHESS PIECES OF DIFFERENT MATERIALS, ONE WITH PLEXIGLAS, ONE WITH RUBBER. BROUGHT SAMPLES AND USED IN PBC PROMOTION ACTIVITIES.DATE: 04/03/2023 08/17/2023ACTIVITIES: PBC TRAINING AND ENTERTAINMENT, PLAYING THE PROBABILISTIC BASKETBALL CHESS GAME USING THE COMBINATIONAL REMAINDER METHODS AND REPEATED RANDOM GAME THEORY IN NORTHERN CALIFORNIA. SPECIFICALLY CONNECTED WITH SPORTS CLUB MEMBERS AT THE SWAN PING PONG CLUB (LOCATED AT 2600 LAFAYETTE ST, SANTA CLARA, CA 95050) TO PROMOTE PBC, HELD FREQUENT ACTIVITIES AT THE CLUB AND ALSO AT THE HOMES OF THE CLUB MEMB
WE REGULARLY ORGANIZE ACTIVITIES, INCLUDING OUTINGS, ART LECTURES, HORTICULTURAL EXCHANGES, AND CULINARY EXCHANGE. ON DECEMBER 29, 2022, AN ART APPRECIATION SALON WAS ORGANIZED IN THE BAY AREA
FROM APRIL TO AUGUST 2023, 5 CULINARY EXCHANGE AND FOOD PROMOTION ACTIVITIES WERE ORGANIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiao-Qiang Wu CEO | 8 | $0 | |
Alice Yuehong Wang CFO | 8 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| 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 | $25,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| 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 | $5,025 |
| Total operating and administrative expenses | $26,010 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $26,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,437 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,437 |
| Accounts payable and accrued expenses | $25,985 |
| 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 | $25,985 |