Robert Chang Charitable Foundation
- Assets
- $8.0m
- Revenue
- $931.3k
- Investments
- $7.1m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 08/2000
- Data as of
- 08/2024
- EIN
- 77-0550139
Organization Overview
Robert Chang Charitable Foundation is located in Pennington, NJ. The organization was established in 2000. 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. Robert Chang Charitable 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 08/2024, Robert Chang Charitable Foundation generated $931.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $650.1k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert Chang Charitable Foundation has awarded 23 individual grants totaling $1,913,203. 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 |
|---|---|---|---|
Allan Liu President | 6 | $50,813 | |
Vincent J Chang CFO | 3 | $33,459 | |
James J Chen Secretary | 2 | $28,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $204,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $714,916 |
| Capital Gain Net Income | $714,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,267 |
| Total Revenue | $931,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,438 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,034 |
| Depreciation | $0 |
| Occupancy | $2,738 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,037 |
| Total operating and administrative expenses | $251,161 |
| Contributions, gifts, grants paid | $398,926 |
| Total expenses and disbursements | $650,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,722 |
| Savings and temporary cash investments | $202,892 |
| 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 | $1,806,829 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $745,873 |
| Total assets | $8,044,965 |
| 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, Robert Chang Charitable Foundation has awarded $398,926 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAN JOSE COMMUNITY COLLEGE PURPOSE: UNRESTRICTED GENERAL | $54,500 |
CHIAO TUNG UNIVERSITY OF ALUMNI PURPOSE: UNRESTRICTED GENERAL | $78,125 |
UNIVERSITY OF WASHINGTON FDN PURPOSE: UNRESTRICTED GENERAL | $55,000 |
PEKING UNIVERSITY EDUCATION FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $55,000 |
GIVE2ASIA PURPOSE: UNRESTRICTED GENERAL | $156,301 |