Wang Foundation
- Assets
- $971.8k
- Revenue
- $294.2k
- Investments
- $639.5k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 22-2858458
Organization Overview
Wang Foundation is located in Boston, MA. The organization was established in 1988. 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. Wang Foundation 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 12/2023, Wang Foundation generated $294.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $361.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wang Foundation has awarded 298 individual grants totaling $3,225,450. 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 |
|---|---|---|---|
Frederick A Wang Trustee | 4 | $20,000 | |
Courtney S Wang Trustee | 1 | $0 | |
Mary Kathleen O'connell ESQ Trustee | 2 | $17,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $245,406 |
| Capital Gain Net Income | $245,406 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,120 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $543 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56 |
| Total operating and administrative expenses | $53,719 |
| Contributions, gifts, grants paid | $307,850 |
| Total expenses and disbursements | $361,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $332,289 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $971,815 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wang Foundation has awarded $307,850 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF TUFTS COLLEGE PURPOSE: LACROSSE PROGRAM | $20,000 |
YMCA BOSTON PURPOSE: SPARK GALA 2023 | $10,000 |
BIRCHES SCHOOL PURPOSE: CURRENT YEAR PROGRAMS | $15,000 |
YMCA OF CHINATOWN PURPOSE: GENERAL SUPPORT | $3,000 |
THE HOCKADAY SCHOOL PURPOSE: ANNUAL FUND | $1,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: ANNUAL FUND | $10,000 |