Civic Intelligence

Bloom Education Fund

990EZ • Fiscal year 2024 • EIN 81-1903509

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 15, 2025

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

84th percentile

0.23x

Higher debt load relative to assets than 84% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

2.38x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

16th percentile

-25%

Higher net margin than 16% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

43rd percentile

-2.4%

Faster asset growth than 43% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

-4.7%

Faster revenue growth than 40% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$93,403

Down $11,919 (-11%) from 2022

Net Assets

Down

$71,479

Down $11,914 (-14%) from 2022

Liabilities

Down

$21,924

Down $5 (-0.0%) from 2022

Revenue

Down

$9,202

Down $37,130 (-80%) from 2022

Expenses

Up

$11,508

Up $5,965 (+108%) from 2022

Net Income

Down

-$2,306

Down $43,095 (-106%) 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 2024: $93,403Liabilities 2024: $21,924Net Assets 2024: $71,4792024

Highlighted filing

2024

Assets$93,403
Liabilities$21,924
Net Assets$71,479

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 2024: $9,202Expenses 2024: $11,508Net Income 2024: -$2,3062024

Highlighted filing

2024

Revenue$9,202
Expenses$11,508
Net Income-$2,306
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 15, 2025
Return Version
2024v5.0
Gross Receipts
$9,202
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
Provide scholarships and airline tickets for underprivileged kids to the US for education and medical needs.-$9,182
Advanced cross-cultural education and program provides the students in the U.S. and overseas an opportunity to communicate.-$2,326
Compensation and Service Providers

Employees

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

Filer

Filer Name
Bloom Education Fund
EIN
81-1903509
In Care Of
% QING WANG
Phone
2022076205
Address
10221 RIVER ROAD STE 60247, Potomac, MD 20859

Signing Officer

Name
Qing Wang
Title
Treasurer
Phone
2022076205
Signed
2025-02-15
Discuss with paid preparer
No

Preparer

Firm
Fortune and Beyond
Address
PO BOX 296, Germantown, MD 20875
Preparer
Ning Jin
Phone
3152624354
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountCREDIT CARD REWARDS 98

Description of other expenses Part I line 16

Description AmountDC ANNUAL FEE 49MEETING COST 608BANK FEE 47POSTAGE AND PO BOX 663AIR TICKET FOR CHARITABLE ACTIVITY 2,502WEB FEE 15EDUCATION MATERIAL 144DOCTOR FEE FOR CHARITABLE ACTIVITY 680SCHOLARSHIP 6,000

Description of total liabilities Part II line 26

Category Beginning of Year End of YearLOANS FROM OFFICERS 21,874 21,874CREDIT CARD PAYABLES 56 49ROUNDING ISSUE 1 1

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

Primary exempt purposes bloom 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 for society; 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 Appendix178 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.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02326
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt19182
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountCREDIT CARD REWARDS 98
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountDC ANNUAL FEE 49MEETING COST 608BANK FEE 47POSTAGE AND PO BOX 663AIR TICKET FOR CHARITABLE ACTIVITY 2,502WEB FEE 15EDUCATION MATERIAL 144DOCTOR FEE FOR CHARITABLE ACTIVITY 680SCHOLARSHIP 6,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearLOANS FROM OFFICERS 21,874 21,874CREDIT CARD PAYABLES 56 49ROUNDING ISSUE 1 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIMARY EXEMPT PURPOSES BLOOM 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 FOR SOCIETY; 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 revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0QING WANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02022076205
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOM EDUCATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0811903509
ReturnHeader/Filer/InCareOfNm0% QING WANG
ReturnHeader/Filer/PhoneNum02022076205
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ReturnHeader/PreparerPersonGrp/PhoneNum03152624354
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NING JIN
ReturnHeader/ReturnTs02025-03-11T15:17:51-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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