Bob & Grace Chang Foundation
- Assets
- $127.8k
- Revenue
- $556.0
- Investments
- $47.2k
- Employees
- 0
- Location
- Alhambra, CA
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 35-2262436
Organization Overview
Bob & Grace Chang Foundation is located in Alhambra, CA. The organization was established in 2006. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Bob & Grace Chang 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, Bob & Grace Chang Foundation generated $556.0 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 (5.6%) each year. All expenses for the organization totaled $2.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. 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 |
|---|---|---|---|
Grace Chang President & CEO | 0 | $0 | |
Karena Chang Sujo Secretary | 0 | $0 | |
Dennis Chang Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116 |
| Dividends & Interest | $440 |
| 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 | $556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $930 |
| Contributions, gifts, grants paid | $1,250 |
| Total expenses and disbursements | $2,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,641 |
| Savings and temporary cash investments | $73,932 |
| 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 | $47,185 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $127,758 |
| 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, Bob & Grace Chang Foundation has awarded $1,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INHERITANCE MEDIA PURPOSE: EVANGELISM | $1,000 |
CITY OF HOPE PURPOSE: CHARITY FOR CANCER RESEARCH AND TREATMENT | $250 |