Civic Intelligence

Bineth Foundation Inc.

990 • Fiscal year 2020 • EIN 83-3310450

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 27, 2021

Organization Profile
1320 41 stBrooklyn, NY 11218

(718) 635-2672

Siviq Scores

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

Liabilities / Assets

99th percentile

9.29x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.82x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Net Margin

9th percentile

-74%

Higher net margin than 9% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Asset Growth

97th percentile

972%

Faster asset growth than 97% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-61%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$7,485

Up $6,787 (+972%) from 2019

Net Assets

Down

-$62,015

Down $62,713 (-8985%) from 2019

Liabilities

Up

$69,500

Up $69,500 from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin9th percentile

Revenue

Down

$84,341

Down $129,966 (-61%) from 2019

Expenses

Down

$147,054

Down $66,555 (-31%) from 2019

Net Income

Down

-$62,713

Down $63,411 (-9085%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$100K$50K$0-$50K-$100KAssets 2019: $698Liabilities 2019: $0Net Assets 2019: $6982019Assets 2020: $7,485Liabilities 2020: $69,500Net Assets 2020: -$62,0152020

Highlighted filing

2020

Assets$7,485
Liabilities$69,500
Net Assets-$62,015
Open 2020 Filing

Operations Trend

Revenue Growth16th percentile

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

$300K$200K$100K$0-$100KRevenue 2019: $214,307Expenses 2019: $213,609Net Income 2019: $6982019Revenue 2020: $84,341Expenses 2020: $147,054Net Income 2020: -$62,7132020

Highlighted filing

2020

Revenue$84,341
Expenses$147,054
Net Income-$62,713
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 27, 2021
Return Version
2020v4.1
Gross Receipts
$84,341
Mission and Program Overview

Mission

Established to assist distributing Charity to local private schools and org.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$698$7,485▲ $6,787
Total Assets$698$7,485▲ $6,787
Liabilities
Grants Payable-$69,500-
Total Liabilities$0$69,500▲ $69,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$698$-62,015▼ $62,713
Total Net Assets Fund Balance$698$-62,015▼ $62,713
Total Liabilities and Net Assets / Fund Balance$698$7,485▲ $6,787
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Chananya BinethPresident
Gitty BinethVice President
Aaron IgelOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$84,341
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$81,341
Change in Net Assets
$-62,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$146,954
Other Expenses$100
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$146,954--$146,954
Fees for Services Other$100--$100
Total Functional Expenses$147,054$0$0$147,054
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Chananya Bineth is the spouse of Gitty Bineth”

Form 990 governing body review Part VI line 11

“form 990 was reviewed by officers”

Governing documents etc available to public Part VI line 19

“all documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Bineth Foundation Inc
EIN
83-3310450
Address
1320 41 st, Brooklyn, NY 11218

Signing Officer

Name
Chananya Bineth
Title
Officer
Phone
7186352672
Signed
2021-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chananya Bineth
Formed
2019
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Shimon Blau Tax Services
Address
1025 42 st, Brooklyn, NY 11219
Preparer
Shimon Blau
Phone
3476836671
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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,485
Liabilities
$69,500
Net assets
-$62,015
Revenue
$84,341
Expenses
$147,054
Net income
-$62,713
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.70$0.62$0.84$1.47$0.63
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$2.14$2.14$0.01