Ping Y Tai Foundation Inc
- Assets
- $19.3m
- Revenue
- $2.0m
- Investments
- $18.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1998
- Data as of
- 11/2023
- EIN
- 13-3980789
Organization Overview
Ping Y Tai Foundation Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ping Y Tai 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 11/2023, Ping Y Tai Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $1.3m during the year ending 11/2023. While expenses have increased by 3.0% per year over the past 4 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.
Since 2020, Ping Y Tai Foundation Inc has awarded 95 individual grants totaling $4,345,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Shapiro Treasurer | 5 | $12,000 | |
Michael Duffalo President | 12 | $24,000 | |
Stephanie Fleischer Secretary | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $605,455 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,408,426 |
| Capital Gain Net Income | $1,408,426 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,013,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,857 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,100 |
| Total operating and administrative expenses | $186,919 |
| Contributions, gifts, grants paid | $1,100,000 |
| Total expenses and disbursements | $1,286,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,818 |
| Savings and temporary cash investments | $846,704 |
| 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 | $2,926 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,979,913 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,363 |
| Total assets | $19,279,025 |
| Accounts payable and accrued expenses | $33,074 |
| 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 | $33,074 |
Grants Awarded
Over the last fiscal year, Ping Y Tai Foundation Inc has awarded $1,100,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: PROJECT/PROGRAM SUPPORT | $60,000 |
AMERICAN RED CROSS PURPOSE: PROJECT/PROGRAM SUPPORT | $60,000 |
AMERICAN CANCER SOCIETY PURPOSE: PROJECT/PROGRAM SUPPORT | $65,000 |
MEMORIAL SLOAN-KETTERING PURPOSE: PROJECT/PROGRAM SUPPORT | $75,000 |
THE LEUKEMIA LYMPHOMA SOCIET PURPOSE: PROJECT/PROGRAM SUPPORT | $80,000 |
CITYMEALS-ON-WHEELS PURPOSE: PROJECT/PROGRAM SUPPORT | $70,000 |