Nonprofit · EIN 85-2796278
INHERIT INSTITUTE
Tax-exempt · PLANO, TX 75025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $68,401 | $77,377 | -$8,976 | $13,792 | $0 | $13,792 |
| December 31, 2023 | 990 | $87,864 | $78,104 | $9,760 | $44,202 | $21,434 | $22,768 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $46,820
- Program service revenue
- $21,581
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,675
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $69,397
- Management and general (functional)
- $7,980
Balance sheet and other
- Total assets, start of year
- $44,202
- Total assets, end of year
- $13,792
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,792
- Net assets without donor restrictions
- $13,792
- Gross receipts
- $68,401
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAIBIN FU | OFFICER Trustee or director, Officer | 5 | $0 |
| ETHAN WANG | OFFICER Officer | 5 | $0 |
| LE CHEN | OFFICER Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAIBIN FU | OFFICER Trustee or director, Officer | 5 | $0 |
| ETHAN WANG | OFFICER Officer | 5 | $0 |
| LE CHEN | OFFICER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1804 ENDICOTT DR, PLANO, TX 75025-3058
- Mailing address (990-N for 2020)
- 1804 Endicott Dr, Plano TX 75025
- Principal officer (990 for 2024)
- KAIBIN FU, 1804 ENDICOTT DR, PLANO, TX 75025
- Principal officer (990-N for 2020)
- Xincheng Wang, 5402 Tennyson Court, Parker TX 75002
- Signed the 990
- KAIBIN FU, PRESIDENT
- Phone
- (408) 728-2811
- Website
- HTTPS://WWW.INHERIT.LIVE
- Return prepared by
- INSIGHT FINANCIAL CONSULTING LLC
Mission
BY BRINGING TOGETHER CHRISTIAN SCHOLARS WITH LIKE MINDS, INHERIT INSTITUTE DEVOTES ITSELF TO THE PRESERVATION OF THEOLOGICAL AND INTELLECTUAL TREASURES FROM CALVINISM, PURITAN TRADITIONS, AND ANGLO-AMERICAN CONSERVATISM. INHERIT INSTITUTE NOT ONLY BRINGS ORIGINAL VIDEOS, COLUMNS, AND LECTURES TO THE CHINESE-SPEAKING CHRISTIANS AND CONSERVATIVE PUBLICS BUT ALSO ORGANIZES FORUMS AND SEMINARS TO PROMOTE COMMUNICATIONS BETWEEN CHRISTIANS AND CHURCHES.
Program accomplishments
- HOSTING FAMILY CAMP ABOUT GODLY RELATIONSHIP WITH NON CHRISTIAN PEOPLE, SEEKING GOD GIVING GIFTS, HOW CAN YOUNG CHRISTIANS DEFEND THEIR FAITH IN COLLEGE, GRATEFUL FOR THE THINGS THAT GOD CREATED, AND HOW TO LIVE A CHRISTIAN LIFE IN A CHAOTIC WORLD.Expenses $25,881 · grants $4,300 · revenue $21,581
- SUPPORTING CHRISTIAN ORGANIZATIONS SUCH AS CHISTIAN CREATIVE COMMUNICATION CENTER. WE ALSO SUPPORT MISSIONARIES OR PASTORS. THE ORGANIZATION DOES NOT LIMIT ITSELF TO CHRISTIAN SOCIETY. IT ALSO ASSISTS EVENTS SUCH AS NATURAL DISASTER OR INDIVIDUALS IN NEED OF EMERGENCY HELP.Expenses $23,675 · grants $18,113
- SUPPORTED THE CONFERENCE FOR CHINESE SEMINARIANS IN NORTH AMERICA. INHERIT INSTITUTE HELPED RAISE FUNDS AND PROVIDED FINANCIAL AID SO SEMINARIANS COULD ATTEND, RECEIVE SPIRITUAL RENEWAL, AND BE SENT BACK INTO GOSPEL MINISTRY WITH STRENGTHENED CONVICTION AND COMMUNITY SUPPORT.Expenses $11,362 · grants $13,937
- Expenses $8,479 · grants $10,470
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2796278
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99)
- Assets (IRS master file)
- $13,792
- Income (IRS master file)
- $68,401
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $68,401 | $77,377 | $13,792 | XML |
| 990 | December 2023 | $87,864 | $78,104 | $44,202 | XML |
| 990 | December 2022 | $34,386 | $163,446 | $13,008 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Xincheng Wang | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2796278).
Questions about INHERIT INSTITUTE
- What is the EIN of INHERIT INSTITUTE?
- The employer identification number (EIN) of INHERIT INSTITUTE is 85-2796278.
- Is INHERIT INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to INHERIT INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INHERIT INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INHERIT INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INHERIT INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INHERIT INSTITUTE?
- The 990 for the year ended December 31, 2024 names KAIBIN FU.
- Who are the officers and directors of INHERIT INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does INHERIT INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $68,401, expenses of $77,377 and total assets of $13,792 at year end.
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