Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Giantbug Educational Foundation Inc
990EZ • Fiscal year 2015 • EIN 47-2874179
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.97x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
97th percentile
Higher net margin than 97% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$85,984
No earlier filing loaded for comparison.
Net Assets
$2,470
No earlier filing loaded for comparison.
Liabilities
$83,514
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$3,100
No earlier filing loaded for comparison.
Expenses
$630
No earlier filing loaded for comparison.
Net Income
$2,470
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 20, 2015 to Dec 31, 2015
- Signed
- Oct 26, 2018
- Return Version
- 2015v3.0
- Gross Receipts
- $3,100
Mission and Program Overview
Mission
To educate the public about chinese culture and other unique cultures, and fostering cultural exchange.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO EDUCATE THE PUBLIC ABOUT CHINESE CULTURE AND OTHER UNIQUE CULTURES, AND FOSTERING CULTURAL EXCHANGE. THE ORGANIZATION IS PREPARING FOR ITS FIRST CONFERENCE IN 2016. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ZHENG WU | President/Director | - | $0 | - | - |
| MENGYUAN DAI | Treasurer/Director | - | $0 | - | - |
| YUXI HE | Clerk/Director | - | $0 | - | - |
| YINAN CHANG | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Giantbug Educational Foundation Inc
- EIN
- 47-2874179
- Phone
- 6175777770
- Address
- 222 THIRD STREET NO 3150, CAMBRIDGE, MA 02142
Signing Officer
- Name
- Zheng Wu
- Title
- President
- Phone
- 6175777770
- Signed
- 2018-10-26
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Edelstein and Company Llp
- Address
- 160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
- Preparer
- Scott Kaplowitch
- Phone
- 6172276161
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank fees. Amount: 611. Description: state filing fees. Amount: 19. Total to form 990-ez, line 16: 630.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: prepaid expenses. Beg. Of year amount: 0. End of year amount: 61,807.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: deferred revenue. Beg. Of year amount: 0. End of year amount: 83,514.”
Form 990 Box B - Amended Return
“The return was amended to properly classify revenue received by the organization in 2015 for the 2016 summit as deferred revenue. Also to properly classify a payment made in 2015 for the 2016 summit as prepaid expense. The organization files on an accrual basis. The following parts of the form 990ez changed as a result of the amendment: parts i, ii, iii & schedule a part ii”
Raw XML Appendix140 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/AmendedReturnInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MENGYUAN DAI |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6175777770 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 222 THIRD STREET STE 3150 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CAMBRIDGE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02142 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 24177 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 3100 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2470 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 85984 |
| IRS990EZ/GrossReceiptsAmt | 0 | 3100 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 2470 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 2470 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ZHENG WU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MENGYUAN DAI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | YUXI HE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | YINAN CHANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT/DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER/DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CLERK/DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 61807 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 630 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO EDUCATE THE PUBLIC ABOUT CHINESE CULTURE AND OTHER UNIQUE CULTURES, AND FOSTERING CULTURAL EXCHANGE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO EDUCATE THE PUBLIC ABOUT CHINESE CULTURE AND OTHER UNIQUE CULTURES, AND FOSTERING CULTURAL EXCHANGE. THE ORGANIZATION IS PREPARING FOR ITS FIRST CONFERENCE IN 2016. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 83514 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 630 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 3100 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.GIANTBUGEDU.COM |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THE ORGANIZATION WAS INCORPORATED ON JANUARY 20, 2015. THEREFORE, THE TAX YEAR ENDED DECEMBER 31, 2015 WAS A SHORT YEAR RETURN. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART II - SHORT YEAR |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 3100 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 3100 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3100 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 3100 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3100 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: BANK FEES. AMOUNT: 611. DESCRIPTION: STATE FILING FEES. AMOUNT: 19. TOTAL TO FORM 990-EZ, LINE 16: 630. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 61,807. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 83,514. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE RETURN WAS AMENDED TO PROPERLY CLASSIFY REVENUE RECEIVED BY THE ORGANIZATION IN 2015 FOR THE 2016 SUMMIT AS DEFERRED REVENUE. ALSO TO PROPERLY CLASSIFY A PAYMENT MADE IN 2015 FOR THE 2016 SUMMIT AS PREPAID EXPENSE. THE ORGANIZATION FILES ON AN ACCRUAL BASIS. THE FOLLOWING PARTS OF THE FORM 990EZ CHANGED AS A RESULT OF THE AMENDMENT: PARTS I, II, III & SCHEDULE A PART II |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990 BOX B - AMENDED RETURN |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ZHENG WU |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6175777770 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-10-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GIANTBUG EDUCATIONAL FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GIAN |
| ReturnHeader/Filer/EIN | 0 | 472874179 |
| ReturnHeader/Filer/PhoneNum | 0 | 6175777770 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 222 THIRD STREET NO 3150 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CAMBRIDGE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02142 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 042442519 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | EDELSTEIN AND COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 160 FEDERAL STREET 9TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BOSTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02110 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6172276161 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-10-26 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SCOTT KAPLOWITCH |
| ReturnHeader/ReturnTs | 0 | 2018-11-02T15:32:45-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-20 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $85,984
- Liabilities
- $83,514
- Net assets
- $2,470
- Revenue
- $3,100
- Expenses
- $630
- Net income
- $2,470
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2017Detailed filing. Detailed filing data is available for this year. | $1.12 | $1.17 | $0.04 | $0.71 | $0.74 | $0.04 |
| 2016Detailed filing. Detailed filing data is available for this year. | $0.63 | $0.63 | $0.01 | $0.84 | $0.87 | $0.03 |
| 2015Detailed filing. Detailed filing data is available for this year. | $0.86 | $0.84 | $0.02 | $0.03 | $0.01 | $0.02 |