Civic Intelligence

Bin Network Foundation Inc.

990EZ • Fiscal year 2023 • EIN 85-3056101

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 16, 2024

2355 Thomson wayWellington, FL 33414

(561) 270-9854

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

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

Liabilities / Revenue

59th percentile

0.00x

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

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

Net Margin

9th percentile

-59%

Higher net margin than 9% 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

5th percentile

-76%

Faster asset growth than 5% of similar nonprofits.

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

Revenue Growth

24th percentile

-21%

Faster revenue growth than 24% of similar nonprofits.

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

Assets

Down

$17,484

Down $56,364 (-76%) from 2022

Net Assets

Down

$17,484

Down $56,364 (-76%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$52,772

Down $14,037 (-21%) from 2022

Expenses

Up

$84,118

Up $34,988 (+71%) from 2022

Net Income

Down

-$31,346

Down $49,025 (-277%) from 2022

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2020: $300Liabilities 2020: $0Net Assets 2020: $3002020Assets 2021: $56,170Liabilities 2021: $36,270Net Assets 2021: $19,9002021Assets 2022: $73,848Liabilities 2022: $0Net Assets 2022: $73,8482022Assets 2023: $17,484Liabilities 2023: $0Net Assets 2023: $17,4842023Assets 2024: $42,167Net Assets 2024: $42,1672024

Highlighted filing

2023

Assets$17,484
Liabilities$0
Net Assets$17,484

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2020: $118,090Expenses 2020: $118,790Net Income 2020: -$7002020Revenue 2021: $131,514Expenses 2021: $111,914Net Income 2021: $19,6002021Revenue 2022: $66,809Expenses 2022: $49,130Net Income 2022: $17,6792022Revenue 2023: $52,772Expenses 2023: $84,118Net Income 2023: -$31,3462023Revenue 2024: $83,599Expenses 2024: $58,916Net Income 2024: $24,6832024

Highlighted filing

2023

Revenue$52,772
Expenses$84,118
Net Income-$31,346
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 16, 2024
Return Version
2023v5.1
Gross Receipts
$52,772
Mission and Program Overview

Mission

A nonprofit which is dedicated to fundraising for various social causes. BIN charity will raise money for social services like the distribution of foods, clothes, light medical supplies and assist critically ill patients.

A nonprofit which is dedicated to fundraising for various social causes. BIN charity will raise money for social services like the distribution of foods clothes and light medical supplies and assist critically ill patients.

Program Services

DescriptionGrantsExpenses
Raised Funds to address the medical needs related to Cancer and other terminal diseases in Bangladesh. Two major fund-raising events got highest responses.$0$324,763
Fund raised for Education Programs and rural school$0$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mohammad HannanPresidentPT$0--
Sarah NoorjahanSecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Facebook Charities$52,772$52,772$0$52,772
Event 2$0$0$212$-212
Total Events$52,772$52,772$212$52,560
Filing and Contact Details

Filer

Filer Name
Bin Network Foundation Inc
EIN
85-3056101
In Care Of
% Mohammad A Hannan
Address
2355 Thomson way, Wellington, FL 33414

Signing Officer

Name
Mohammad Hannan
Title
President
Signed
2024-09-16
Supplemental Narrative

Additional Explanations

Doing Business As Names

Bin network foundation inc

Part I, line 10

| Grants And Similar Amounts Paid:, Amount:| Collected donations from Facebook paid to the affected party person organization for whom funds were raised, $84118|

Part II, line 24

| Explanation:, BOYAmount:, EOYAmount:| Savings, $, $| Land and Buildings, $, $| Inventory, $, $| Prepaid Expenses, $, $| Organization's share of assets, $, $|

Part II, line 26

| Explanation:, BOYAmount:, EOYAmount:| Grants Payable, $, $| Mortgages or other loans payable, $, $|

Part I, Line 6

| Explanation:| Fund raising from Facebook

Raw XML Appendix186 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BIN NETWORK FOUNDATION INC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Grants And Similar Amounts Paid:, Amount:| Collected donations from Facebook paid to the affected party person organization for whom funds were raised, $84118|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Explanation:, BOYAmount:, EOYAmount:| Savings, $, $| Land and Buildings, $, $| Inventory, $, $| Prepaid Expenses, $, $| Organization's share of assets, $, $|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Explanation:, BOYAmount:, EOYAmount:| Grants Payable, $, $| Mortgages or other loans payable, $, $|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4| Explanation:| Fund raising from Facebook
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Doing Business As Names
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I, Line 6
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mohammad Hannan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIN NETWORK FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BINN
ReturnHeader/Filer/EIN0853056101
ReturnHeader/Filer/ForeignPhoneNum05612709854
ReturnHeader/Filer/InCareOfNm0% Mohammad A Hannan
ReturnHeader/Filer/USAddress/AddressLine1Txt02355 Thomson way
ReturnHeader/Filer/USAddress/CityNm0Wellington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033414
ReturnHeader/ReturnTs02024-09-16T03:49:06-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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