Bayanihan Foundation Worldwide in Chicago, Illinois (IL)

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Bayanihan Foundation Worldwide
Employer Identification Number (EIN)272441549
Name of OrganizationBayanihan Foundation Worldwide
In Care of NameDale Asis
Address2020 N California Ave Suite 7, Chicago, IL 60647
Websitehttp://www.fdnbayanihan.org
SubsectionCharitable Organization
Ruling Date10/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$1,904
Amount of Income$63,216
Form 990 Revenue Amount$63,216
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Philanthropy, Charity, Voluntarism Promotion, General


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$63,216
Contributions, gifts, grants, and similar amounts received$55,537
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$7,679
Gross income from gaming$0
Gross income from fundraising events$12,118
Less: direct expenses from gaming and fundraising events$4,439
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$61,312
Total net assets$1,904
Excess for the year$1,904
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$1,904
Total liabilities$0
Net assets or fund balances$1,904
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$63,216
Gifts, grants, contributions, and membership fees received$55,537
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$7,679
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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