Civic Intelligence

Bloom Education Fund

990EZ • Fiscal year 2023 • EIN 81-1903509

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 05, 2024

10221 River Road Ste 60247Potomac, MD 20859

(202) 207-6205

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.23x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

2.27x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

6th percentile

-100%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

33rd percentile

-9.1%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-79%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$95,716

Down $9,606 (-9.1%) from 2022

Net Assets

Down

$73,785

Down $9,608 (-12%) from 2022

Liabilities

Up

$21,931

Up $2 (+0.0%) from 2022

Revenue

Down

$9,654

Down $36,678 (-79%) from 2022

Expenses

Up

$19,262

Up $13,719 (+248%) from 2022

Net Income

Down

-$9,608

Down $50,397 (-124%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2018: $25,028Liabilities 2018: $21,874Net Assets 2018: $3,1542018Assets 2019: $28,866Liabilities 2019: $21,874Net Assets 2019: $6,9922019Assets 2020: $37,154Liabilities 2020: $21,874Net Assets 2020: $15,2802020Assets 2021: $64,478Liabilities 2021: $21,874Net Assets 2021: $42,6042021Assets 2022: $105,322Liabilities 2022: $21,929Net Assets 2022: $83,3932022Assets 2023: $95,716Liabilities 2023: $21,931Net Assets 2023: $73,7852023

Highlighted filing

2023

Assets$95,716
Liabilities$21,931
Net Assets$73,785

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2018: $4Expenses 2018: $2,404Net Income 2018: -$2,4002018Revenue 2019: $5,964Expenses 2019: $2,126Net Income 2019: $3,8382019Revenue 2020: $17,100Expenses 2020: $8,812Net Income 2020: $8,2882020Revenue 2021: $32,807Expenses 2021: $5,483Net Income 2021: $27,3242021Revenue 2022: $46,332Expenses 2022: $5,543Net Income 2022: $40,7892022Revenue 2023: $9,654Expenses 2023: $19,262Net Income 2023: -$9,6082023

Highlighted filing

2023

Revenue$9,654
Expenses$19,262
Net Income-$9,608
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 5, 2024
Return Version
2023v4.0
Gross Receipts
$9,654
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
Provide scholarships and ailine tickets for underprivileged kids to US for education and medical needs.-$12,431
Advanced cross-cultural education and program provides the students in the U.S. and overseas an opportunity to communicate.-$6,831
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LIPING SHENChairmanPT$0--
BAOFENG WANGVice Chairman-$0--
HUICHUAN RENSecretary-$0--
QING NINA WANGTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Bloom Education Fund
EIN
81-1903509
Address
10221 RIVER ROAD STE 60247, Potomac, MD 20859

Signing Officer

Name
Qing Nina Wang
Title
Treasurer
Phone
2022076205
Signed
2024-02-05
Discuss with paid preparer
No

Preparer

Firm
Fortune and Beyond LLC
Address
14200 AVATAR LN, Boyds, MD 20841
Preparer
Ning Jin
Phone
3152624354
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description AmountDC ANNUAL FEE 129MEETING COST 1,354BANK FEE 105INTEREST EXPENSE 4COMPUTER AND INTERNET 2,583WEB FEE 15EDUCATION MATERIAL 144TRAVEL 3,431SCHOLARSHIP 9,000AUTO EXPENSE 5

Description of total liabilities Part II line 26

Category Beginning of Year End of YearLOANS FROM OFFICERS 21,874 21,874CREDIT CARD PAYABLES 55 56ROUNDING ISSUE 0 1

Part III response or note to any other line in Part III

Primary exempt purposesbloom education fund has been organized exclusively for charitable, educational and scientific purposes. The fund is organized to advance cross-cultural education and programs by: acting as a platform to incubate and gestate the future young leaders forsociety; promoting and developing education, training and research centers for the purpose of incubating future young leaders; promoting and providing education programs;promoting and developing such education,training and research; promoting and building a platform that allows students from resource abundant families to connect,interact with and help disadvantaged students gain access to more resources;organizing summer and winter camps to allow disadvantaged students opportunities for participation.

Raw XML Appendix175 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0QING NINA WANG
IRS990EZ/BooksInCareOfDetail/PhoneNum02022076205
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt010221 RIVER ROAD ROOM 60247
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Potomac
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd020859
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0105322
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt095716
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt09650
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9608
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02062
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0105322
IRS990EZ/Form990TotalAssetsGrp/EOYAmt095716
IRS990EZ/GrossReceiptsAmt09654
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt04
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LoansToFromOfficersAmt021874
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt083393
IRS990EZ/NetAssetsOrFundBalancesEOYAmt073785
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt083393
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt073785
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt34.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LIPING SHEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BAOFENG WANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2HUICHUAN REN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3QING NINA WANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt016770
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SEE SCHEDULE O
IRS990EZ/PrintingPublicationsPostageAmt0430
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Advanced cross-cultural education and program provides the students in the U.S. and overseas an opportunity to communicate.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Provide scholarships and ailine tickets for underprivileged kids to US for education and medical needs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06831
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt112431
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MD
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt021929
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt021931
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt019262
IRS990EZ/TotalProgramServiceExpensesAmt019262
IRS990EZ/TotalRevenueAmt09654
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016328
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt027535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt017097
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05964
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt076574
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt030000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05270
IRS990ScheduleA/OtherIncome509Grp/TotalAmt035270
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.68470
IRS990ScheduleA/PublicSupportPY509Pct00.65490
IRS990ScheduleA/PublicSupportTotal509Amt076574
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt016328
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt027535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt017097
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05964
IRS990ScheduleA/Total509Grp/TotalAmt076574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09650
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt046328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt032805
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt017097
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05964
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0111844
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt021874
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FUND TO STARTUP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt046874
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0BAOFENG WANG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt021874
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDC ANNUAL FEE 129MEETING COST 1,354BANK FEE 105INTEREST EXPENSE 4COMPUTER AND INTERNET 2,583WEB FEE 15EDUCATION MATERIAL 144TRAVEL 3,431SCHOLARSHIP 9,000AUTO EXPENSE 5
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearLOANS FROM OFFICERS 21,874 21,874CREDIT CARD PAYABLES 55 56ROUNDING ISSUE 0 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIMARY EXEMPT PURPOSESBLOOM EDUCATION FUND HAS BEEN ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. THE FUND IS ORGANIZED TO ADVANCE CROSS-CULTURAL EDUCATION AND PROGRAMS BY: ACTING AS A PLATFORM TO INCUBATE AND GESTATE THE FUTURE YOUNG LEADERS FORSOCIETY; PROMOTING AND DEVELOPING EDUCATION, TRAINING AND RESEARCH CENTERS FOR THE PURPOSE OF INCUBATING FUTURE YOUNG LEADERS; PROMOTING AND PROVIDING EDUCATION PROGRAMS;PROMOTING AND DEVELOPING SUCH EDUCATION,TRAINING AND RESEARCH; PROMOTING AND BUILDING A PLATFORM THAT ALLOWS STUDENTS FROM RESOURCE ABUNDANT FAMILIES TO CONNECT,INTERACT WITH AND HELP DISADVANTAGED STUDENTS GAIN ACCESS TO MORE RESOURCES;ORGANIZING SUMMER AND WINTER CAMPS TO ALLOW DISADVANTAGED STUDENTS OPPORTUNITIES FOR PARTICIPATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III response or note to any other line in Part III
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0QING NINA WANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02022076205
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOM EDUCATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0811903509
ReturnHeader/Filer/USAddress/AddressLine1Txt010221 RIVER ROAD STE 60247
ReturnHeader/Filer/USAddress/CityNm0Potomac
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020859
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORTUNE AND BEYOND LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014200 AVATAR LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Boyds
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020841
ReturnHeader/PreparerPersonGrp/PhoneNum03152624354
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NING JIN
ReturnHeader/ReturnTs02024-02-07T12:04:20-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0QING NINA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WANG
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings