Chu Family Foundation Inc
- Assets
- $18.5k
- Revenue
- $11.2k
- Investments
- $7.8k
- Employees
- 0
- Location
- Atherton, CA
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 55-0810009
Organization Overview
Chu Family Foundation Inc is located in Atherton, CA. The organization was established in 2004. 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. Chu Family Foundation Inc 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 12/2022, Chu Family Foundation Inc generated $11.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $6.3k during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 3 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Chu President | 2 | $0 | |
Loretta Chu Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,541 |
| Capital Gain Net Income | $8,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,196 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,333 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $6,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,769 |
| 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 | $7,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,519 |
| 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, Chu Family Foundation Inc has awarded $5,835 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KQED PURPOSE: PUBLIC MEDIA | $300 |
OVERSEAS CHINA EDUCATION FOUNDATION PURPOSE: EDUCATION | $5,500 |
SERRA CLUB PURPOSE: EDUCATION | $35 |