Chang Family Foundation
- Assets
- $2.3m
- Revenue
- $233.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 26-1924834
Organization Overview
Chang Family Foundation is located in Ann Arbor, MI. The organization was established in 2008. 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. Chang Family 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, Chang Family Foundation generated $233.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $115.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chang Family Foundation has awarded 273 individual grants totaling $717,473. 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 |
|---|---|---|---|
Byung Jin Chang Director | 0 | $0 | |
Sharon Chang Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,000 |
| Interest on Savings | $41,522 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,755 |
| Capital Gain Net Income | $15,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $233,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,791 |
| Contributions, gifts, grants paid | $104,200 |
| Total expenses and disbursements | $114,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $371,995 |
| 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 | $2,296,266 |
| 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 | $92,620 |
| Total liabilities | $92,620 |
Grants Awarded
Over the last fiscal year, Chang Family Foundation has awarded $104,200 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
BACK TO THE BIBLE PURPOSE: CHURCH RADIO | $6,000 |
AMERICAN BIBLE SOCIETY PURPOSE: MINSTRY | $1,000 |
DOCTORS WITHOUT BORDERS PURPOSE: MEDICAL RELIEF | $2,000 |
TURNING POINT BIBLE MISSION PURPOSE: MINISTRY | $2,000 |
EW UNIV PURPOSE: COMMUNITY ASSISTANCE | $3,000 |
FOCUS ON FAMILY PURPOSE: FAMILY RELATIONSHIP BUILDING | $5,000 |