Aixin Foundation INC EIN 35-2189064

Aixin Foundation INC

EIN  35-2189064 Public charity (501(c)(3)) Rockville, MD
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Provides healthcare and education to underserved communities.
Leadership
Yongkai Weng · President
Money in and out
$24K revenue, $88K expenses
Bottom line
94% program efficiency

Provides healthcare and education to underserved communities. For fiscal year 2023 it reported $24K in revenue, $88K in expenses, and $169K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$24K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$169K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$64K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
23.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-271%
revenue over expenses, this year▼ -879% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$24K
FY2023▼ -74%
Expenses
$88K
FY2023▲ +47%
Total assets
$169K
FY2023
Total liabilities
$0
FY2023
Total revenue
$24K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$169K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$64K
Total assetsPt X · Ln 16$169K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $83K of program spending, described in the organization's own filed words · FY2023.
01

Public Health Program

Provided 100 training courses to community people and villagers. Rural scholarship program:support the rural students at dai jingpo autonomous prefecture and huize in yunnan province and pingshan county, baituyao county, and qinghe county in hebei.

$83Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAixin Foundation INC
EINHdr · item D35-2189064
Principal addressHdr · item CRockville, MD
WebsiteHdr · item Jwww.aixinfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G81)
Ruling yearIRS BMFApr 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$24K · 99%
Investment income$145 · 1%
Contributions & grants99%$24K
Investment income1%$145
Total revenueLn 12$24K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$83K
Management & general6%$5K
Total functional expensesLn 25$88K

Balance Sheet

Part X · end of year
CashLn 1$169K
Total assetsLn 16$169K
Total liabilitiesLn 26$0
Total net assetsLn 32$169K
Months of cash on handcomputed23.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $169K · Operating expenses/yr $88K
23.0 months
Where the money goes
Program services
Program services $83K · Total expenses $88K
94%
Management & General
Management & general $5K · Total expenses $88K
6%
Fundraising
Fundraising $0 · Total expenses $88K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $24K · Total revenue $24K
99%
Government reliance
Government grants — · Total revenue $24K
Earned-income share
Program service revenue $0 · Total revenue $24K
0%
Investment reliance
Investment income $145 · Total revenue $24K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $88K
0%
Growth & trend
Revenue growth (YoY)
This year $24K · Prior year $92K
-74%
Net-asset trend (YoY)
End of year $169K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $24K · Expenses $88K
-271%
Liabilities-to-Assets
Total liabilities — · Total assets $169K
Net-asset ratio
Net assets $169K · Total assets $169K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $169K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Yongkai Weng · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $88K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $88K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth -74%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$19

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$24K revenue · viewing · ⤓ 990 PDF
FY2022$92K revenue · ⤓ 990 PDF
FY2021$83K revenue · ⤓ 990 PDF
FY2020$58K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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