Chang & Tseng Family Foundation
- Assets
- $2.0m
- Revenue
- $383.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 09/2011
- Data as of
- 06/2024
- EIN
- 45-2882056
Organization Overview
Chang & Tseng Family Foundation is located in Cupertino, CA. The organization was established in 2011. 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. Chang & Tseng Family 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 06/2024, Chang & Tseng Family Foundation generated $383.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $95.9k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Chang & Tseng Family Foundation has awarded 15 individual grants totaling $453,187. 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 |
|---|---|---|---|
Shih Chang Chang President & CEO | 2 | $0 | |
Yuan Ning Tseng Secretary & CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $328,831 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,904 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,110 |
| Capital Gain Net Income | $27,110 |
| Net ST Capital Gain | $27,110 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $383,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97 |
| Depreciation | $5,371 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,351 |
| Total operating and administrative expenses | $88,654 |
| Contributions, gifts, grants paid | $7,286 |
| Total expenses and disbursements | $95,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,611 |
| Savings and temporary cash investments | $161,843 |
| Net Accounts receivable | $1,260 |
| 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 | $25,435 |
| Other assets | $0 |
| Total assets | $2,020,650 |
| Accounts payable and accrued expenses | $3,551 |
| 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 | $3,551 |
Grants Awarded
Over the last fiscal year, Chang & Tseng Family Foundation has awarded $7,286 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD VISION PURPOSE: TO AN INTERNATIONAL PARTNERSHIP OF CHRISTIANS WHOSE MISSION IS TO FOLLOW OUR LORD AND SAVIOR JESUS CHRIST IN WORKING WITH THE POOR AND OPPRESSED TO PROMOTE HUMAN TRANSFORMATION, SEEK JUSTICE, AND BEAR WITNESS TO THE GOOD NEWS OF KINGDOM OF GOD. | $936 |
ST JUDE CHILDRENS RESEARCH HOSPITAL PURPOSE: TO ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT. CONSISTENT WITH THE VISION OF OUR FOUNDER DANNY THOMAS, NO CHILD IS DENIED TREATMENT BASED ON RACE, RELIGION OR A FAMILY'S ABILITY TO PAY. | $4,250 |
GIVE2ASIA PURPOSE: TO STRENGTHEN COMMUNITIES IN ASIA BY MAKING CROSS-BORDER GIVING EASIER AND MORE EFFECTIVE. GIVE2ASIAS TEAM OF GRANTMAKING EXPERTS AND IN-COUNTRY ADVISORS ENABLE YOU TO GIVE WITH CONFIDENCE. | $2,100 |