Lei And Chen Family Foundation
- Assets
- $274.1k
- Revenue
- $18.0k
- Investments
- $258.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2015
- Data as of
- 12/2023
- EIN
- 46-4133610
Organization Overview
Lei And Chen Family Foundation is located in Wilmington, DE. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lei And 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 12/2023, Lei And Chen Family Foundation generated $18.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $24.0k during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Chen Vp, Dir | 1 | $0 | |
Ruey Chen Dir | 1 | $0 | |
Donna M Lei Pres, Treas, Sec, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $81 |
| Dividends & Interest | $5,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,565 |
| Capital Gain Net Income | $17,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $171 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,088 |
| Total operating and administrative expenses | $5,259 |
| Contributions, gifts, grants paid | $18,700 |
| Total expenses and disbursements | $23,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,701 |
| 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 | $274,127 |
| 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, Lei And Chen Family Foundation has awarded $18,700 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NATIONAL RED CROSS PURPOSE: TURKEY EARTHQUAKE FUND | $1,000 |
DETROIT CHINESE ALLIANCE CHURCH PURPOSE: GENERAL & UNRESTRICTED | $6,500 |
DETROIT CHINESE ALLIANCE CHURCH PURPOSE: BENEVOLENCE FUND | $4,500 |
GRACE CENTERS OF HOPE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
INTERNATIONAL MEDICAL CORPS PURPOSE: MOROCCO EARTHQUAKE RELIEF | $1,000 |
MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT PURPOSE: TURKEY-SYRIA RELIEF | $1,000 |