Chenwu Foundation
- Assets
- $146.1k
- Revenue
- $100.4k
- Investments
- $32.4k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 04/2009
- Data as of
- 11/2023
- EIN
- 26-3847067
Organization Overview
Chenwu Foundation is located in Saratoga, CA. The organization was established in 2009. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Chenwu 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 11/2023, Chenwu Foundation generated $100.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $61.0k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (37.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chenwu Foundation has awarded 76 individual grants totaling $837,355. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS ONE OF THE CHENWU FOUNDATIONS ON-GOING LONG-TERM PROJECTS, THE PRINTING AND DISTRIBUTION OF SELECT RELIGIOUS AND SPIRITUAL PUBLICATIONS SERVES OUR PURPOSE OF BRINGING MORAL GUIDANCE TO THOSE IN NEED. EVERY YEAR WE HAND-SELECT A NUMBER OF PUBLICATIONS AND BOOKS, WHICH WE BELIEVE OFFER THE SOCIETY A WAY TO AWAKEN THEIR CONSCIENTIOUSNESS FROM THE ENTRAPMENTS OF MATERIALISM, AND OFFER THE READERS GUIDANCE TOWARDS ENLIGHTENMENT. THESE BOOKS ARE FREELY DISTRIBUTED AMONG SPIRITUAL CENTERS, TEMPLES AND WHOEVER IS INTERESTED ACROSS THE ENTIRE STATE. THIS PROJECT, IN WHICH THE CHENWU FOUNDATION PARTICIPATES THROUGH THE BUDDHIST SOCIETY, HAS RECEIVED CONSISTENTLY POSITIVE FEEDBACK REGARDING THE MEANINGFULNESS AND HIGH MORAL IMPACT.
THE EARTH STORE HALL RENOVATION PROJECT:THIS BUILDING IS LOCATED IN THE HEART OF TEN THOUSAND BUDDHAS CITY IN UKIAH. FOLLOWING RENOVATION, IT WILL PROVIDE MUCH NEEDED ASSEMBLY SPACE FOR DAILY CEREMONY USE, AS WELL AS FOR THE NUMEROUS DHARMA EVENTS HELD HERE THROUGHOUT THE YEAR. KEY ASPECTS OF THE PROJECT INCLUDE: UTILITY OF SPACE AND FLOOR PLANNING, BUILDING ARCHITECTURE AND INTERIOR DESIGN, ENVIRONMENTAL CONSIDERATIONS, AND CONSTRUCTION MANAGEMENT.FOLLOWING THE VISION OF THE VENERABLE MASTER HSUAN HUA, THE RENOVATION OF EARTH STORE HALL WILL PROVIDE A CENTRAL SPIRITUAL PLACE:FOR ALL LIVING BEINGS OF THE WORLD TO DEEPEN THEIR UNDERSTANDING AND WIDEN THE PRACTICE OF BUDDHISM. FOR THE PURPOSE OF ENLIGHTENING WISDOM AND COMPASSION WITHIN OURSELVES AND AMONG EACH OTHER TO CREATE A BETTER PLACE TO LIVE FOR PRESENT AND FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fusen E Chen President | 2 | $0 | |
Yijen Chen Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $404 |
| Dividends & Interest | $0 |
| 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 | $100,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $1,551 |
| Contributions, gifts, grants paid | $59,420 |
| Total expenses and disbursements | $60,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,685 |
| Savings and temporary cash investments | $0 |
| 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 | $32,385 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $146,070 |
| 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, Chenwu Foundation has awarded $59,420 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMITABHA BUDDHIST SOCIETY OF USA PURPOSE: CHARITY | $14,000 |
WORLD VISION PURPOSE: CHARITY | $420 |
DHARMA REALM BUDDHIST ASSOCIATION PURPOSE: CHARITY | $20,000 |
STONY BROOK UNIVERSITY PURPOSE: CHARITY | $10,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADO PURPOSE: CHARITY | $10,000 |
CRAIG FOUNDATION PURPOSE: CHARITY | $5,000 |