T AI CHI FOUNDATION INC
EIN: 13-3016452
Mission
The Tai Chi Foundation's mission is to improve health, well-being, and awareness through the study, practice, and teaching of tai chi and qigong, by an increasing number of people worldwide.
Ruling year
1982
President
Ms. Vanessa M. Costigan
Main address
PO Box 575
New York, NY 10018 USA
EIN
13-3016452
Arts and culture
Sororities and fraternities
Business and industry
Population served
Adults
NTEE code
Arts, Cultural Organizations - Multipurpose (A20)
Professional Societies, Associations (Y03)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Tai Chi Training & Education
The Tai Chi Foundation (TCF) conducts online and in-person classes in tai chi chuan from the beginning level to senior teacher level.
Where we work
External reviews
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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Who are the people you serve with your mission?
All individuals, from all backgrounds and ages, are served by our mission to bring health and wellness to their lives.
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How is your organization collecting feedback from the people you serve?
Electronic surveys (by email, tablet, etc.), Suggestion box/email,
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals,
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What significant change resulted from feedback?
The impact of COVID-19 caused us to suspend our summer public teaching events. We surveyed students (past and current) as well as stakeholders and members to learn more about how to present our training events online. Feedback was very positive and constructive.
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With whom is the organization sharing feedback?
The people we serve, Our staff, Our board, Our funders,
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How has asking for feedback from the people you serve changed your relationship?
We learn from our members, program attendees, and students about teaching methods, suggestions for improvement, and overall critiques, on a regular basis.
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback,
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome, It is difficult to find the ongoing funding to support feedback collection, Staff find it hard to prioritize feedback collection and review due to lack of time,
Financials
Revenue vs. expenses: breakdown
Liquidity in 2020 info
7.41
Months of cash in 2020 info
14.2
Fringe rate in 2020 info
0%
Funding sources info
Assets & liabilities info
T AI CHI FOUNDATION INC
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
T AI CHI FOUNDATION INC
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
This snapshot of T AI CHI FOUNDATION INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2015 | 2016 | 2018 * | 2019 | 2020 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | -$30,890 | -$49,861 | $3,844 | $20,513 | $46,174 |
| As % of expenses | -15.4% | -24.2% | 2.4% | 9.4% | 31.4% |
| Unrestricted surplus (deficit) after depreciation | -$30,890 | -$49,861 | $3,844 | $20,513 | $46,174 |
| As % of expenses | -15.4% | -24.2% | 2.4% | 9.4% | 31.4% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $169,534 | $156,101 | $186,994 | $237,893 | $193,392 |
| Total revenue, % change over prior year | 5.9% | -7.9% | 0.0% | 27.2% | -18.7% |
| Program services revenue | 63.8% | 71.7% | 81.0% | 74.6% | 55.7% |
| Membership dues | 6.7% | 8.1% | 6.3% | 8.4% | 17.1% |
| Investment income | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 23.9% | 14.5% | 8.7% | 6.7% | 20.7% |
| Other revenue | 5.6% | 5.7% | 4.1% | 10.2% | 6.6% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $200,424 | $205,962 | $161,007 | $217,378 | $147,220 |
| Total expenses, % change over prior year | 7.2% | 2.8% | 0.0% | 35.0% | -32.3% |
| Personnel | 24.1% | 36.8% | 42.1% | 18.1% | 30.5% |
| Professional fees | 2.6% | 2.1% | 2.7% | 21.7% | 35.7% |
| Occupancy | 0.0% | 0.2% | 41.4% | 36.5% | 3.4% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 6.8% | 4.0% | 2.0% | 1.7% | 2.8% |
| All other expenses | 66.6% | 56.9% | 11.9% | 22.0% | 27.6% |
| Full cost components (estimated) info | 2015 | 2016 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $200,424 | $205,962 | $161,007 | $217,378 | $147,220 |
| One month of savings | $16,702 | $17,164 | $13,417 | $18,115 | $12,268 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
| Total full costs (estimated) | $217,126 | $223,126 | $174,424 | $235,493 | $159,488 |
Capital structure indicators
| Liquidity info | 2015 | 2016 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Months of cash | 7.1 | 4.7 | 6.6 | 7.6 | 14.2 |
| Months of cash and investments | 7.1 | 4.7 | 6.6 | 7.6 | 14.2 |
| Months of estimated liquid unrestricted net assets | 10.2 | 7.0 | 10.8 | 8.7 | 16.6 |
| Balance sheet composition info | 2015 | 2016 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Cash | $118,446 | $81,465 | $88,991 | $137,156 | $174,486 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $8,039 | $505 | $12,786 | $3,653 | $851 |
| Gross land, buildings, equipment (LBE) | $0 | $0 | $0 | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | -1.4% | 2.4% | 1.9% | 16.2% | 10.4% |
| Unrestricted net assets | $171,057 | $120,796 | $145,544 | $156,981 | $203,155 |
| Temporarily restricted net assets | $0 | $0 | $0 | N/A | N/A |
| Permanently restricted net assets | $0 | $0 | $0 | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 | $0 | $0 |
| Total net assets | $171,057 | $120,796 | $145,544 | $156,981 | $203,155 |
Key data checks
| Key data checks info | 2015 | 2016 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Ms. Vanessa M. Costigan
Vanessa has been practicing tai chi since 2007 and became an apprentice in 2010. She resides in Dublin, Ireland, and manages a retail store. She is also a Five Element acupuncturist.
Number of employees
Source: IRS Form 990
T AI CHI FOUNDATION INC
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
T AI CHI FOUNDATION INC
Board of directorsas of 01/31/2023
Board of directors data
Ms. Vanessa Costigan
Roger Noon
Mike Barkham
Steve Shulman
Musician and Tai Chi Teacher
Anne Smyers
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 11/19/2021GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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