J T Tai & Co Foundation Inc
- Assets
- $106.2m
- Revenue
- $12.9m
- Investments
- $92.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 13-3157279
Organization Overview
J T Tai & Co Foundation Inc is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J T Tai & Co Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, J T Tai & Co Foundation Inc generated $12.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J T Tai & Co Foundation Inc has awarded 161 individual grants totaling $21,541,663. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kueichu Wang Hsu Managing Direct | 30 | $240,000 | |
Yeounha C Ouyang Asst. Treasurer | 10 | $72,000 | |
Victoria W Hsu Director | 10 | $144,000 | |
Yee-Jen Shuai Director | 10 | $168,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,513 |
| Dividends & Interest | $2,306,566 |
| Net Rental Income | $88,633 |
| Net Gain on Sale of Assets | $10,244,534 |
| Capital Gain Net Income | $10,244,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,461 |
| Total Revenue | $12,949,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $624,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $440 |
| Taxes | $169,722 |
| Depreciation | $24,410 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $365,651 |
| Total operating and administrative expenses | $1,533,969 |
| Contributions, gifts, grants paid | $6,515,995 |
| Total expenses and disbursements | $8,049,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,508,960 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $105,663 |
| Net Investments - land, buildings, equipment | $882,400 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,172,011 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $177,145 |
| Total assets | $106,192,308 |
| Accounts payable and accrued expenses | $153,064 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $15,408 |
| Total liabilities | $168,472 |
Grants Awarded
Over the last fiscal year, J T Tai & Co Foundation Inc has awarded $7,503,000 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL COLORADO PURPOSE: PROGRAMS SUPPORT | $500,000 |
COMMITTEE OF 100 INC PURPOSE: PROGRAMS SUPPORT | $200,000 |
THE 1990 INSTITUTE PURPOSE: PROGRAMS SUPPORT | $200,000 |
SELFHELP COMMUNITY SERVICES INC PURPOSE: PROGRAMS SUPPORT | $30,000 |
CHINESE CENTER OF LONG ISLAND INC PURPOSE: PROGRAMS SUPPORT | $30,000 |
EISENHOWER FELLOWSHIPS PURPOSE: PROGRAMS SUPPORT | $300,000 |