Chang & Tseng Family Foundation
- Assets
- $1.5m
- Revenue
- $163.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 09/2011
- Data as of
- 06/2022
- 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 06/2022, Chang & Tseng Family Foundation generated $163.0k 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 (16.5%) each year. All expenses for the organization totaled $253.6k during the year ending 06/2022. 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 |
|---|---|---|---|
Yuan Ning Tseng Secretary & CFO | 2 | $0 | |
Shih Chang Chang President & CEO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,541 |
| Capital Gain Net Income | $58,541 |
| Net ST Capital Gain | $58,541 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $163,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $333 |
| Depreciation | $5,022 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $795 |
| Printing and publications | $0 |
| Other expenses | $21,815 |
| Total operating and administrative expenses | $29,853 |
| Contributions, gifts, grants paid | $223,720 |
| Total expenses and disbursements | $253,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,468 |
| Savings and temporary cash investments | $283,822 |
| 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 | $22,843 |
| Other assets | $0 |
| Total assets | $1,527,935 |
| Accounts payable and accrued expenses | $627 |
| 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 | $627 |
Grants Awarded
Over the last fiscal year, Chang & Tseng Family Foundation has awarded $223,720 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Cupertino, CA PURPOSE: TO DEVELOP AND EXPAND A VARIETY OF PHILANTHROPIC MISSIONS FOR THE GENERAL PUBLIC. | $118,784 |
Cupertino, CA PURPOSE: TO DEVELOP AND EXPAND A VARIETY OF PHILANTHROPIC MISSIONS FOR THE GENERAL PUBLIC. | $98,000 |
Memphis, TN 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. | $3,000 |
Oakland, CA 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. | $3,000 |
Federal Way, WA 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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chang & Tseng Family Foundation has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Green Ocean Foundation Cupertino, CA PURPOSE: TO PROVIDE FINANCIAL RELIEF TO THE POOR. THE DISTRESSED AND UNDERPRIVILEGED; SUPPORT ADVANCEMENT OF EDUCATION AND SCIENCE; SUPPORT UNIVERSITIES, SCHOOLS, LIBRARIES, CHURCHES, TEMPLES AND OTHER PLACES OF GENERAL PUBLIC BENEFIT. | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |