Civic Intelligence

Ibridge Foundation Inc.

990 • Fiscal year 2020 • EIN 85-1563268

Dec 09, 2020 to Dec 31, 2020 • Filed on Apr 07, 2021

13107 40th Rd Ste E32Flushing, NY 11354

(516) 205-6614

Siviq Scores

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

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

97th percentile

99%

Higher net margin than 97% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$246,872

No earlier filing loaded for comparison.

Net Assets

$246,872

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$250,100

No earlier filing loaded for comparison.

Expenses

$3,228

No earlier filing loaded for comparison.

Net Income

$246,872

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2020: $246,872Liabilities 2020: $0Net Assets 2020: $246,8722020

Highlighted filing

2020

Assets$246,872
Liabilities$0
Net Assets$246,872

Operations Trend

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

$300K$200K$100K$0Revenue 2020: $250,100Expenses 2020: $3,228Net Income 2020: $246,8722020

Highlighted filing

2020

Revenue$250,100
Expenses$3,228
Net Income$246,872
Jump To
Filing Snapshot
Filing Period
Dec 9, 2020 to Dec 31, 2020
Signed
Apr 7, 2021
Return Version
2020v4.1
Gross Receipts
$250,100
Mission and Program Overview

Mission

The IBridge Foundation is a newly established charitable foundation. It will conduct seminars, health fairs and host events to promote healthy lifestyles to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$246,872-
Rtn Earn Endowment Incm Other Fnds-$246,872-
Total Assets$0$246,872▲ $246,872
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$246,872▲ $246,872
Total Liabilities and Net Assets / Fund Balance$0$246,872▲ $246,872
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ruliang XuPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$250,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,000
Change in Net Assets
$246,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$2,100--$2,100
Fees for Services Management$900--$900
Information Technology$36--$36
Other Expenses$16--$16
Total Functional Expenses$3,228$0$0$3,228
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
Backup withholding compliance
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

Form 990 governing body review Part VI line 11

The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under said Section 501(c)(3) of the Internal Revenue Code of 1986. The IBridge Foundation is a newly established charitable foundation. It will conduct seminars, health fairs and host events to promote healthy lifestyles to the public.

Form 990 availability to public Part VI line 18

The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under said Section 501(c)(3) of the Internal Revenue Code of 1986. The IBridge Foundation is a newly established charitable foundation. It will conduct seminars, health fairs and host events to promote healthy lifestyles to the public.

Governing documents etc available to public Part VI line 19

The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under said Section 501(c)(3) of the Internal Revenue Code of 1986. The IBridge Foundation is a newly established charitable foundation. It will conduct seminars, health fairs and host events to promote healthy lifestyles to the public.

Filing and Contact Details

Filer

Filer Name
Ibridge Foundation Inc
EIN
85-1563268
Address
13107 40TH RD STE E32, Flushing, NY 11354

Signing Officer

Name
Ruliang Xu
Title
Officer
Phone
5162056614
Signed
2021-04-07
Discuss with paid preparer
No

Organization Details

Formed
2020
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Multi-state Tax & Accounting Inc
Address
764 ROUTE 25A STE 5, East Setauket, NY 11733
Preparer
Xiaoping Zhang
Phone
6316756998
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$2.50$0.03$2.47