The Chin Family Foundation
- Assets
- $6.4m
- Revenue
- $1.3m
- Investments
- $5.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-2356672
Organization Overview
The Chin Family Foundation is located in Wilmington, DE. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Chin 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 12/2021, Chin Family Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $157.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Chin Family Foundation has awarded 58 individual grants totaling $868,900. 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 |
|---|---|---|---|
Patricia A Chin Pres, Dir, Sec, Treas | 1 | $0 | |
Pamela Elizabeth Chin Dir | 1 | $0 | |
William Chin Vp, Dir | 1 | $0 | |
William Edward Chin Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $889,950 |
| Interest on Savings | $58 |
| Dividends & Interest | $119,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,849 |
| Capital Gain Net Income | $246,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $133 |
| Total Revenue | $1,256,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,735 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,915 |
| Total operating and administrative expenses | $63,817 |
| Contributions, gifts, grants paid | $93,500 |
| Total expenses and disbursements | $157,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,103,548 |
| Net Accounts receivable | $1,526 |
| 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 | $769,894 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,360,422 |
| 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, The Chin Family Foundation has awarded $93,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Downers Grove, IL PURPOSE: NAKATINDI LUNCH PROGRAM AND NAKATINDI LIBRARY PROGRAM | $50,000 |
PARTNERS HEALTHCARE SYSTEM INC - THE BRIGHAM AND W PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Granville, OH PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
LOS ANGELES REGIONAL FOOD BANK PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
GOOD NEIGHBOR HEALTH CLINIC INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Los Angeles, CA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
New Life Thrift Inc Glenside, PA | $1,745,552 | $2,183,383 |
Mg Mezzanotte Foundation Pennington, NJ | $23,531,048 | $3,162,300 |
Tiferes Yisroel Inc Lakewood, NJ | $1,550,577 | $1,774,532 |
Yeshivat Ashreinu Inc Teaneck, NJ | $8,575 | $1,250,710 |
The Ausherman Family Trust Frederick, MD | $7,932,429 | $514,119 |
Masonic Charities Fund Elizabethtown, PA | $2,488,352 | $1,005,686 |