Tsao Family Charitable Foundation
- Assets
- $106.0k
- Revenue
- $5.0k
- Investments
- $100.0k
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3332201
Organization Overview
Tsao Family Charitable Foundation is located in Arcadia, CA. The organization was established in 2009. 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. Tsao Family Charitable 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 12/2022, Tsao Family Charitable Foundation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $48.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tsao Family Charitable Foundation has awarded 30 individual grants totaling $1,687,593. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $4,950 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,917 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,917 |
| Contributions, gifts, grants paid | $42,924 |
| Total expenses and disbursements | $48,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,977 |
| 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 | $105,977 |
| 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, Tsao Family Charitable Foundation has awarded $42,924 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WORDS2ACTION PURPOSE: DONATION TO WORDS 2 ACTION. | $1,000 |
FLINTRIDGE PREPARATORY SCHOOL PURPOSE: TO PROMOTE NURTURING ENVIRONMENT FOR STUDENTS. | $6,924 |
LAFC SPORTS FOUNDATION PURPOSE: TO HELP LAFC SPORTS FOUNDATION OFFER A RANGE OF FREE RESOURCES INCLUDING FINANCIAL ASSISTANCE, FRESH PRODUCE AND PERISHABLE FOOD ITEMS, ACCESS TO FREE PERSONAL PROTECTIVE EQUIPMENT (PPE) AND ADDITIONAL OPPORTUNITIES AS THEY ARISE. | $25,000 |
DOOR OF HOPE PURPOSE: DONATION TO DOOR OF HOPE. | $10,000 |