Jin Xiong Family Foundation
- Assets
- $474.0k
- Revenue
- $290.4k
- Investments
- $334.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 04/2024
- EIN
- 88-2686628
Organization Overview
Jin Xiong Family Foundation is located in Wilmington, DE. 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. Jin Xiong 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 04/2024, Jin Xiong Family Foundation generated $290.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $15.2k during the year ending 04/2024. 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 |
|---|---|---|---|
Yulong Jin President | 2 | $0 | |
Yan Xiong Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $255,388 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,485 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,567 |
| Capital Gain Net Income | $29,567 |
| Net ST Capital Gain | $9,764 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $290,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $903 |
| Total operating and administrative expenses | $2,173 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $15,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,760 |
| 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 | $473,970 |
| Accounts payable and accrued expenses | $7,000 |
| 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 | $7,000 |
Grants Awarded
Over the last fiscal year, Jin Xiong Family Foundation has awarded $13,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JERSEY CITY MEDICAL CENTER PURPOSE: CHARITABLE | $250 |
THE PINGRY SCHOOL PURPOSE: CHARITABLE | $10,500 |
STEVENS COOPERATIVE SCHOOL PURPOSE: CHARITABLE | $250 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: CHARITABLE | $500 |
STEVENS INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL | $250 |
RUTGERS UNIVERSITY PURPOSE: EDUCATIONAL | $250 |