Chengs Foundation
- Assets
- $469.1k
- Revenue
- $5.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Moraga, CA
- Founding
- 03/2005
- Data as of
- 11/2023
- EIN
- 43-1989063
Organization Overview
Chengs Foundation is located in Moraga, CA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public 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. Chengs 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 11/2023, Chengs Foundation generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $29.7k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chengs Foundation has awarded 248 individual grants totaling $272,300. 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 |
|---|---|---|---|
Joseph Kc Cheng CEO | 0.5 | $0 | |
Mary Sp Cheng CFO & Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,838 |
| Dividends & Interest | $0 |
| 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 | $5,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140 |
| Total operating and administrative expenses | $1,390 |
| Contributions, gifts, grants paid | $28,325 |
| Total expenses and disbursements | $29,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,063 |
| Savings and temporary cash investments | $439,992 |
| 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 | $469,055 |
| 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, Chengs Foundation has awarded $28,325 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: PROVIDE FUND TO THE ORGANIZATION FOR PROMOTING THE HEALTH SERVCIES | $200 |
AMERICAN BIBLE SOCIETY PURPOSE: RELIGION OFFERING | $375 |
AMERICAN RED CROSS BAY AREA CHAPTER PURPOSE: PROVIDE FUND TO THE ORGANZIATION FOR PROMOTING COMMUNITING SERVICES. | $1,300 |
ANIMAL FIX CLINIC PURPOSE: PROVIDE FINACIAL SUPPORT TO THE ORGANZIATION. | $200 |
BAY AREA RIDGE TRAIL COUNCIL PURPOSE: PROVIDE FINACIAL SUPPORT TO THE ORGANZIATION. | $200 |
BOYS TOWN PURPOSE: PROVIDE FUND TO THE ORGANZIATION FOR PROMOTING HUMANITY SERVICES. | $200 |