Chin Ying Foundation
- Assets
- $12.7m
- Revenue
- $271.8k
- Investments
- $12.7m
- Employees
- 0
- Location
- Syosset, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-3862000
Organization Overview
Chin Ying Foundation is located in Syosset, NY. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Chin Ying 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 12/2023, Chin Ying Foundation generated $271.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.7%) each year.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mingbo Qu Director | 2 | $0 | |
Xiaobing Wang Director | 1 | $0 | |
Shan Wang President | 35 | $0 | |
Jiechen Hong Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $229,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,010 |
| Capital Gain Net Income | $42,010 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $753 |
| Total Revenue | $271,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,035 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,944 |
| Printing and publications | $0 |
| Other expenses | $6,661 |
| Total operating and administrative expenses | $128,830 |
| Contributions, gifts, grants paid | $211,544 |
| Total expenses and disbursements | $340,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,526 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,954 |
| 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 | $1,900 |
| Total assets | $12,746,104 |
| Accounts payable and accrued expenses | $2,525 |
| 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 | $3,094 |
| Total liabilities | $5,619 |
Grants Awarded
Over the last fiscal year, Chin Ying Foundation has awarded $211,544 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE HALL PURPOSE: SUPPORT OF CARNEGIE HALL'S ARTISTIC, EDUCATION, AND SOCIAL IMPACT PROGRAMS | $2,000 |
NYU LANGONE HOSPITALS -HOME HOSPITAL PROGRAM PURPOSE: PROVIDE SUPPORT OF IN-HOME CARE FOR PEOPLE WHO NEED THE SERVICES AND CARE THAT HOSPITALIZATION PROVIDES, BUT WHO ARE STABLE ENOUGH TO BE MONITORED IN THE COMFORT OF THEIR OWN HOMES. | $197,570 |
IMAGINE AWARDS PURPOSE: PROVIDE SUPPORT TO VARIOUS NONPROFITS IN THE AREA | $6,100 |
LONG ISLAND YOUTH FOR FUTURE PURPOSE: HELP YOUTH GROW AND DEVELOP | $1,000 |
THE SYOSSET SCHOLARSHIP FUND INC PURPOSE: PROVIDE A SCHOLARSHIP CONTRIBUTION | $1,000 |
SYOSSET ACTIVITY FUND PURPOSE: SCIENCE OLYMPIA | $3,874 |