Peter & Mary Chang Foundation
- Assets
- $5.9m
- Revenue
- $344.5k
- Investments
- $5.7m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3723472
Organization Overview
Peter & Mary Chang Foundation is located in Los Altos, CA. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peter & Mary 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 12/2021, Peter & Mary Chang Foundation generated $344.5k 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 (15.5%) each year. All expenses for the organization totaled $250.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Peter & Mary Chang Foundation has awarded 150 individual grants totaling $3,231,153. 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 |
|---|---|---|---|
Timothy Chang Vice President | 0 | $0 | |
Cheau-Shya Chang CEO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,871 |
| Dividends & Interest | $115,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $217,213 |
| Capital Gain Net Income | $217,213 |
| Net ST Capital Gain | $7,387 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $52 |
| Total Revenue | $344,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,580 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,354 |
| Printing and publications | $0 |
| Other expenses | $50,799 |
| Total operating and administrative expenses | $106,452 |
| Contributions, gifts, grants paid | $143,636 |
| Total expenses and disbursements | $250,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,538 |
| Savings and temporary cash investments | $160,725 |
| 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 | $472,765 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,870,699 |
| 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, Peter & Mary Chang Foundation has awarded $223,522 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF SJ INCL BISHOP OF CIRCLE PURPOSE: TO ASSIST THE CAUSE OF THE ORGANIZATION | $1,200 |
CATHOLIC CHARITIES OF SANTA CLARA PURPOSE: TO ASSIST THE CAUSE OF THE ORGANIZATION | $1,500 |
COVENANT HOUSE PURPOSE: BUILDS A BRIDGE TO HOPE FOR YOUNG PEOPLE FACING HOMELESSNESS AND SURVIVORS OF TRAFFICKING THROUGH UNCONDITIONAL LOVE, ABSOLUTE RESPECT, ANLENTLESS SUPPORT | $600 |
AMERICAN RED CROSS PURPOSE: TO ASSIT WITH THE DISASTER RELIEF | $2,000 |
SALVATION ARMY PURPOSE: TO ASSIST WITH THE GOALS OF THE ORG | $2,000 |
SECOND HARVEST FOOD BANK PURPOSE: TO ASSIST WITH THE GOALS OF THE ORGANIZATION | $6,500 |