Charity
SINGAPORE BUSINESS FEDERATION FOUNDATION LIMITED
About
What does SINGAPORE BUSINESS FEDERATION FOUNDATION LIMITED do?
The Singapore Business Federation Foundation Limited is a charity organization that champions corporate social responsibility and philanthropy within the business community. Their mission is to encourage, enable, and enhance the contributions of the business sector towards uplifting disadvantaged groups such as low-wage workers, low-income families, persons with disabilities, and at-risk youths in Singapore. By promoting welfare and employability within these communities, they strive to build a more inclusive society through corporate giving and social responsibility initiatives.
Founded
2013
People
kho chuan thye patrick, kwee su-lin, hsieh fu hua, janet ang guat har mrs.janet cheah, chong suk shien, lee sze yeng, edwin ng yeow leong, loo yen lay madeleine, ho meng kit, narayanan sreenivasan @ n sreenivasan
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2013
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promoting corporate social responsibility (CSR) and corporate giving among businesses, encouraging them to contribute towards community development.
- Supporting low-wage workers, low-income families, persons with disabilities, and youths-at-risk by providing welfare services and employability programs.
- Enhancing the social, vocational, and educational upliftment of all individuals in Singapore through various initiatives and projects.
- Fostering an inclusive society where businesses play a proactive role in addressing societal issues and contributing to community development.
- Encouraging collaboration between different sectors (business, government, non-profit) for the betterment of Singapore's social landscape.
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Promoting corporate social responsibility (CSR) and corporate giving among businesses, encouraging them to contribute towards community development.
- Supporting low-wage workers, low-income families, persons with disabilities, and youths-at-risk by providing welfare services and employability programs.
- Enhancing the social, vocational, and educational upliftment of all individuals in Singapore through various initiatives and projects.
- Fostering an inclusive society where businesses play a proactive role in addressing societal issues and contributing to community development.
- Encouraging collaboration between different sectors (business, government, non-profit) for the betterment of Singapore's social landscape.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 2,138,300 | 15,008,300 | 581,800 |
| Non Tax-Deductible | 44,300 | 0 | 909,900 |
| Total Donations in Cash | 2,182,600 | 15,008,300 | 1,491,700 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 13,504 | 0 | 0 |
| Total Donations in Kind | 13,504 | 0 | 0 |
| Government Grants | 118,849 | 12,557 | 0 |
| Investment Income | 158,786 | 20,818 | 131,529 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 751,959 | 388,637 | 434,448 |
| Total Receipts | 3,225,698 | 15,430,312 | 2,057,677 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 39,784 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 3,924,300 | 4,741,833 | 1,392,237 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 3,924,300 | 4,741,833 | 1,392,237 |
| Expenses | |||
| Other Expenses | 1,475,611 | 371,899 | 1,444,184 |
| Total Expenditure | 5,439,695 | 5,113,732 | 2,836,421 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 17,809,187 | 18,208,024 | 18,678,074 |
| Other Tangible Assets | 20,719 | 136,492 | 677,186 |
| Investments | 6,713,522 | 7,000,000 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 1,182,136 | 2,220,026 | 52,068 |
| Cash & Deposits | 15,146,657 | 18,632,437 | 14,357,122 |
| Other Assets | 0 | 0 | 1,481,531 |
| Total Assets | 40,872,221 | 46,196,979 | 35,245,981 |
| Funds | |||
| Total Unrestricted Funds | 10,872,564 | 12,665,849 | 14,932,794 |
| Total Restricted Funds | 29,518,751 | 29,939,463 | 20,044,895 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 40,391,315 | 42,605,312 | 34,977,689 |
| Liabilities | |||
| Total Current Liabilities | 480,906 | 3,591,667 | 268,292 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 480,906 | 3,591,667 | 268,292 |
| Total Funds and Liabilities | 40,872,221 | 46,196,979 | 35,245,981 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 783,800 | 619,299 |
| No. of Employees | 5 | 5 | 4 |
| Total Employee Cost | 543,703 | 413,662 | 441,376 |
| Fudnraisig Efficiency Ratio | 1 | 0 | 0 |
| Total Related Party Transactions | 1,706,564 | 740,196 | 0 |
People
People at the Singapore Business Federation Foundation Limited work towards championing corporate social responsibility and philanthropy in the business community, with the aim of uplifting disadvantaged groups such as low-wage workers, low-income families, persons with disabilities, and at-risk youths. They promote welfare and employability within these communities to build a more inclusive society through corporate giving and social responsibility initiatives.
kho chuan thye patrick
kwee su-lin
hsieh fu hua
janet ang guat har mrs.janet cheah
chong suk shien
lee sze yeng
edwin ng yeow leong
loo yen lay madeleine
ho meng kit
narayanan sreenivasan @ n sreenivasan
News
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