F Y Chang Foundation
- Assets
- $1.8m
- Revenue
- $680.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 38-3383222
Organization Overview
F Y Chang Foundation is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. F Y 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 12/2023, F Y Chang Foundation generated $680.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $631.7k during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 8 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 2015, F Y Chang Foundation has awarded 76 individual grants totaling $327,220. 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
DRL WOMEN AND MEDIA - SEE ATTACHED EXPLANATION AT SCHEDULE O
DRL PROMOTING WOMENS RIGHTS AND FREEDOM OF EXPRESSION - SEE ATTACHED EXPLANATION AT SCHEDULE O
FORD FOUNDATION - SEE ATTACHED EXPLANATION AT SCHEDULE O
LUCE - SEE ATTACHED EXPLANATION AT SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Chang Bloch Executive Chair | 40 | $102,433 | |
Samuel Chang Vice President | 1 | $0 | |
Rhonda Chang Vice President | 1 | $0 | |
Stuart M Bloch Treasurer | 2 | $0 | |
Laurie S Size Secretary | 20 | $43,945 | |
Dale Fuller Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $638,769 |
| Interest on Savings | $25 |
| Dividends & Interest | $58,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,254 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $680,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,433 |
| Other employee salaries and wages | $111,094 |
| Pension plans, employee benefits | $458 |
| Interest | $0 |
| Taxes | $19,920 |
| Depreciation | $1,444 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $7,124 |
| Printing and publications | $0 |
| Other expenses | $123,480 |
| Total operating and administrative expenses | $613,026 |
| Contributions, gifts, grants paid | $18,665 |
| Total expenses and disbursements | $631,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,014 |
| Savings and temporary cash investments | $162,530 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $24,034 |
| 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 | $3,050 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,765 |
| Other assets | $0 |
| Total assets | $1,761,114 |
| Accounts payable and accrued expenses | $48,119 |
| 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 | $48,119 |
Grants Awarded
Over the last fiscal year, F Y Chang Foundation has awarded $18,665 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LEVINE MUSIC SCHOOL PURPOSE: PROGRAM SUPPORT | $2,500 |
ULLICO FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,000 |
COUNCIL ON AMERICAN AMBASSADORS PURPOSE: PROGRAM SUPPORT | $3,000 |
FOREIGN POLICY ASSOCIATION PURPOSE: PROGRAM SUPPORT | $1,500 |
NATIONAL KIDNEY FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,000 |
UNIVERSITY OF MIAMI PURPOSE: PROGRAM SUPPORT | $1,565 |