Hsu Hwa Chao Foundation
- Assets
- $3.5m
- Revenue
- -$127.8k
- Investments
- $3.5m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 12/1994
- Data as of
- 09/2023
- EIN
- 33-0591357
Organization Overview
Hsu Hwa Chao Foundation is located in Pennington, NJ. The organization was established in 1994. 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. Hsu Hwa Chao 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 09/2023, Hsu Hwa Chao Foundation generated -$127.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $198.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hsu Hwa Chao Foundation has awarded 59 individual grants totaling $1,080,346. 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 |
|---|---|---|---|
Phylis Y Hsia President | 1 | $0 | |
David C Hsia Secretary | 1 | $0 | |
Susan Hsia Lew Director | 1 | $0 | |
Daniel Hsia Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$256,708 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,006 |
| Total Revenue | -$127,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,005 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $176 |
| Total operating and administrative expenses | $16,047 |
| Contributions, gifts, grants paid | $182,000 |
| Total expenses and disbursements | $198,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $31,052 |
| 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 | $3,282,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,498,116 |
| 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, Hsu Hwa Chao Foundation has awarded $182,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA IRVINE FDN PURPOSE: ANTI-CANCER CHALLEGE | $10,000 |
CHARITABLE VENTURES PURPOSE: UNRESTRICTED GENERAL | $5,000 |
UNIVERSITY OF CALIFORNIA IRVINE FDN PURPOSE: ENDOWED CHAIR FUND | $100,000 |
ASIAN AMERICAN FUTURES PURPOSE: UNRESTRICTED GENERAL | $67,000 |