J & X Chen Family Foundation
- Assets
- $966.8k
- Revenue
- $232.9k
- Investments
- $821.2k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 10/2011
- Data as of
- 07/2023
- EIN
- 45-3074620
Organization Overview
J & X Chen Family Foundation is located in Saratoga, CA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. J & X Chen 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 07/2023, J & X Chen Family Foundation generated $232.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $124.0k during the year ending 07/2023. While expenses have increased by 35.5% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF OTHER CHARITABLE ORGANIZATIONS BENEFITTING THE COMMUNITY, THROUGH FINANCIAL SUPPORT AND VOLUNTEER WORK, INCLUDING RELATED ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jing Chen President & CEO | 1 | $0 | |
Xuan Zou Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $210,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,508 |
| Net Rental Income | $7,031 |
| 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 | $1,901 |
| Total Revenue | $232,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $3,136 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,156 |
| Printing and publications | $0 |
| Other expenses | $78,494 |
| Total operating and administrative expenses | $121,245 |
| Contributions, gifts, grants paid | $2,780 |
| Total expenses and disbursements | $124,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,333 |
| Net Accounts receivable | $6,217 |
| 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 | $739,047 |
| Net Land, buildings, and equipment | $75,057 |
| Other assets | $0 |
| Total assets | $966,810 |
| 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 | $5,359 |
| Total liabilities | $5,359 |
Grants Awarded
Over the last fiscal year, J & X Chen Family Foundation has awarded $2,414 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE HARKER SCHOOL PURPOSE: TO EDUCATE STUDENTS FOR SUCCESS AT COLLEGE AND BEYOND, AND TO FOSTER KINDNESS, RESPECT AND INTEGRITY WITHIN A SAFE AND NURTURING ENVIRONMENT. WE ACHIEVE ACADEMIC EXCELLENCE THROUGH THE DEVELOPMENT OF INTELLECTUAL CURIOSITY, PERSONAL ACCOUNTABILITY AND LOVE OF LEARNING. | $1,000 |
SHIN SHIN EDUCATIONAL FOUNDATION PURPOSE: TO IMPROVE LEARNING ENVIRONMENT, PROVIDE PROFESSIONAL TRAINING, AND PROMOTE BALANCED DEVELOPMENT OF URBAN AND RURAL EDUCATION IN CHINA | $300 |
TIANMU FOUNDATION PURPOSE: TO PROVIDE FREE EDUCATIONAL INFORMATION AND MENTAL HEALTH SUPPORT TO PARENTS OF CHINESE CHILDREN IN NORTH AMERICAN MIDDLE AND HIGH SCHOOLS. THE FOUNDATION ALSO BUILDS PLATFORMS FOR PARENTS TO EXCHANGE INFORMATION AND SUPPORT EACH OTHER. | $650 |
ENDANGERED SPECIES FOUNDATION PURPOSE: TO MAKE THE GREATEST DIFFERENCE FOR BIODIVERSITY, AND CAN BE SUSTAINED INTO THE FUTURE. THE ESF'S WORK INCLUDES SUPPORTING ALL SPECIES, NOT JUST LARGE CHARISMATIC BIRDS AND MAMMALS. | $31 |
THE KEA CONSERVATION TRUST PURPOSE: TO DEVELOP A SUPPORT SYSTEM FOR KEA CONSERVATION IN THE WILD AND IN CAPTIVITY. THEIR VISION IS TO ENSURE A SUSTAINABLE FUTURE FOR BOTH POPULATIONS. | $53 |
USA BADMINTON PURPOSE: TO CREATE AND FOSTER INCREASED PARTICIPATION IN THE SPORT OF BADMINTON NATIONWIDE AS WELL AS DEVELOP AND SUPPORT OUR AMERICAN ATHLETES. | $130 |