Stanley And Marvel Chong Foundation
- Assets
- $1.5m
- Revenue
- $181.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 36-3411371
Organization Overview
Stanley And Marvel Chong Foundation is located in Edina, MN. The organization was established in 1986. 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. Stanley And Marvel Chong 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 12/2021, Stanley And Marvel Chong Foundation generated $181.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $96.2k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stanley And Marvel Chong Foundation has awarded 48 individual grants totaling $560,000. 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 |
|---|---|---|---|
John M Ratelle Director | 0 | $0 | |
Thomas J Ratelle Director | 0 | $0 | |
Gordan P Heinson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,465 |
| Dividends & Interest | $31,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,603 |
| Capital Gain Net Income | $140,603 |
| Net ST Capital Gain | $34 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11 |
| Taxes | $2,254 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,191 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $96,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,269 |
| 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 | $1,520,142 |
| 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, Stanley And Marvel Chong Foundation has awarded $80,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE AMERICAN ASSOC MN PURPOSE: GENERAL CHARITABLE PURPOSES | $38,000 |
ST JOHN'S UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
COLLEGE OF ST BENEDICT PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
UNIVERSITY OF MN CHINA CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $7,500 |
CHINESE HERITAGE FOUNDATION THE MPL PURPOSE: GENERAL CHARITABLE PURPOSES | $7,500 |
VOLUNTEERS OF AMERICA AVANTI CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |