Wu And Chen Family Foundation
- Assets
- $1.1m
- Revenue
- $35.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-1670359
Organization Overview
Wu And Chen Family Foundation is located in Saratoga, CA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wu And Chen 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, Wu And Chen Family Foundation generated $35.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $63.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yu Hsuan Chen CFO | 2 | $0 | |
Teng Yang Wu President & CEO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,353 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,524 |
| Capital Gain Net Income | $7,524 |
| Net ST Capital Gain | $7,524 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,963 |
| Depreciation | $4,681 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,283 |
| Printing and publications | $0 |
| Other expenses | $43,241 |
| Total operating and administrative expenses | $61,893 |
| Contributions, gifts, grants paid | $1,579 |
| Total expenses and disbursements | $63,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,209 |
| 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 | $0 |
| Net Land, buildings, and equipment | $32,361 |
| Other assets | $0 |
| Total assets | $1,128,543 |
| 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 | $5,228 |
| Total liabilities | $5,228 |
Grants Awarded
Over the last fiscal year, Wu And Chen Family Foundation has awarded $1,579 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD FUND PURPOSE: BE THE SOLUTION CHANGE THE WORLD, ONE CHILD AT A TIME. | $696 |
SARATOGA HIGH SCHOOL PURPOSE: TO OPTIMIZE THE LEARNING OF EACH STUDENT. AS A COMMUNITY OF LEARNERS COMMITTED TO EXCELLENCE, WE PROMOTE LIFELONG LEARNING, PERSONAL INTEGRITY, SOCIAL RESPONSIBILITY, AND GOOD PHYSICAL AND MENTAL HEALTH. | $150 |
AGGIELAND HUMANE SOCIETY PURPOSE: TO PROVIDE HUMANE CARE AND PLACEMENT FOR HOMELESS AND ABANDONED ANIMALS, PROMOTES THE HUMAN-ANIMAL BOND AND PROMOTES RESPONSIBLE PET OWNERSHIP TO ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE AND ANIMALS IN OUR COMMUNITY. | $50 |
AUSTIN ANIMAL CENTER PURPOSE: TO PROVIDE PUBLIC SERVICE AND A SAFETY NET FOR LOST AND HOMELESS ANIMALS IN THE COMMUNITY BY PROVIDING NECESSARY FOOD, WATER, SHELTER AND STANDARD MUNICIPAL VETERINARY CARE FOR ANIMALS IN NEED. | $145 |
AUSTIN PETS ALIVE PURPOSE: WE PIONEER COMPREHENSIVE, INNOVATIVE PROGRAMS DESIGNED TO SAVE THE ANIMALS MOST AT RISK FOR EUTHANASIA. | $105 |
BERKELEY EAST BAY HUMANE SOCIETY PURPOSE: TO SERVE THE PEOPLE AND ANIMALS OF OUR COMMUNITY BY PROVIDING LIFE-SAVING PROGRAMS FOR CATS AND DOGS, CULTIVATING COMPASSION, AND STRENGTHENING THE HUMAN-ANIMAL BOND. | $30 |