J Yang & Family Foundation
- Assets
- $55.0m
- Revenue
- $3.7m
- Investments
- $18.3m
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 56-2628813
Organization Overview
J Yang & Family Foundation is located in Torrance, CA. The organization was established in 2007. 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. J Yang & 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 12/2022, J Yang & Family Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, J Yang & Family Foundation has awarded 275 individual grants totaling $12,832,250. 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 |
|---|---|---|---|
Jackson Yang President & CEO | 0 | $0 | |
Julie Yang Vice President | 0 | $0 | |
Peter Yang Treasurer | 0 | $0 | |
Jennifer Yang Chairman | 40 | $0 | |
Frank Yang Director | 0 | $0 | |
Linda Yang Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $249,820 |
| Dividends & Interest | $460,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,623,270 |
| Capital Gain Net Income | $2,623,270 |
| Net ST Capital Gain | $144,006 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $329,983 |
| Total Revenue | $3,663,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $120,000 |
| Pension plans, employee benefits | $0 |
| Interest | $1,855 |
| Taxes | $72,122 |
| Depreciation | $33,133 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,861 |
| Total operating and administrative expenses | $304,090 |
| Contributions, gifts, grants paid | $1,634,500 |
| Total expenses and disbursements | $1,938,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,468,408 |
| Savings and temporary cash investments | $27,107,428 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $50,000 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,307 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,081,839 |
| Other assets | $0 |
| Total assets | $55,033,292 |
| 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, J Yang & Family Foundation has awarded $1,634,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
TORRANCE MEMORIAL MED HLTHCARE FOUNDATI PURPOSE: FOR BUILDING CAFETERIA | $100,000 |
AMERICAN RED CROSS PURPOSE: HEALTH & DISASTER SERVICE | $5,000 |
TZU CHI FOUNDATION PURPOSE: FOR CHARITY | $165,000 |
COSTCO SCHOLARSHIP FUND PURPOSE: PROVIDE DESERVING STUDENT AN OPPORTUNITY TO ACHIEVE THEIR EDUCATION | $3,000 |
TAIWAN CENTER FOUNDATION PURPOSE: TAIWANESE CULTURE | $12,000 |
CHADWICK SCHOOL PURPOSE: EDUCATION FUND | $20,000 |