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Zhang Initiative Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$153k (2024)

Expenses
$192k (2024)

Total Assets
$2.41M (2024)

Total Liabilities
$0 (2024)

Years with multiple filings
Source: Form 990 tax filings from 2018 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$152,623
Expenses
$191,733
Net Income
-$39,110
Net Assets
$2,407,891
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17,548
11.5%
Dividends $70,520
46.2%
Sales of Assets $64,555
42.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $191,733
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,407,891
Total Liabilities $0
Net Assets $2,407,891
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$131,778
Expenses
$115,874
Net Income
$15,904
Net Assets
$2,447,001
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $67,620
51.3%
Sales of Assets $64,158
48.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $115,874
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,447,001
Total Liabilities $0
Net Assets $2,447,001
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$173,310
Expenses
$114,440
Net Income
$58,870
Net Assets
$2,431,097
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $43,734
25.2%
Sales of Assets $129,576
74.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $114,440
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,431,097
Total Liabilities $0
Net Assets $2,431,097
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$104,877
Expenses
$113,586
Net Income
-$8,709
Net Assets
$2,372,227
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $51,180
48.8%
Sales of Assets $53,697
51.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $111,495
98.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,372,227
Total Liabilities $0
Net Assets $2,372,227
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$447,107
Expenses
$413,131
Net Income
$33,976
Net Assets
$2,380,936
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $300,000
67.1%
Interest Revenue $0
Dividends $48,900
10.9%
Sales of Assets $98,207
22.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $412,473
99.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,380,936
Total Liabilities $0
Net Assets $2,380,936
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$31,766
Expenses
$130,617
Net Income
-$98,851
Net Assets
$2,346,959
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $31,766
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $119,770
91.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,346,960
Total Liabilities $1
Net Assets $2,346,959
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$505,113
Expenses
$35,686
Net Income
$469,427
Net Assets
$2,445,811
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $121
0.0%
Dividends $0
Sales of Assets $504,992
100.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,686
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,445,811
Total Liabilities $0
Net Assets $2,445,811
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,995,414
Expenses
$19,030
Net Income
$1,976,384
Net Assets
$1,976,384
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,995,414
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,477
81.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,976,384
Total Liabilities $0
Net Assets $1,976,384
Compensation
Key Employees and Officers Compensation Other
Ming Zhang (President & Ceo) $0 $0
Hong Zhang (Secretary) $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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