Daniel Haiming & Cai Li Chang Family Foundation
- Assets
- $69.9m
- Revenue
- $35.7k
- Investments
- $57.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 81-1567287
Organization Overview
Daniel Haiming & Cai Li Chang Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Daniel Haiming & Cai Li Chang 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, Daniel Haiming & Cai Li Chang Family Foundation generated $35.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Daniel Haiming & Cai Li Chang Family Foundation has awarded 34 individual grants totaling $832,308. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL LECTURE SERIES - PROVIDE EDUCATIONAL RESOURCES AND LEARNING OPPORTUNITIES THAT ARE NOT COMMONLY AVAILABLE IN CHINESE TO LOCAL CHINESE (MANDARIN)-SPEAKING COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cai Li Chang Dir, Sec, Treas | 35 | $0 | |
Daniel Hai-Ming Chang Dir, Pres | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity | 12/30/23 | $222,466 |
Foundation Source | 12/30/23 | $75,400 |
Charles Schwab & Co | 12/30/23 | $72,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $398,453 |
| Interest on Savings | $614 |
| Dividends & Interest | $906,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,284,504 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,500 |
| Total Revenue | $35,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $726,639 |
| Taxes | $188,749 |
| Depreciation | $158,830 |
| Occupancy | $38,243 |
| Travel, conferences, and meetings | $587 |
| Printing and publications | $0 |
| Other expenses | $299,234 |
| Total operating and administrative expenses | $1,715,910 |
| Contributions, gifts, grants paid | $212,000 |
| Total expenses and disbursements | $1,927,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $189,735 |
| 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 | $12,092,162 |
| Other assets | $31,650 |
| Total assets | $69,924,734 |
| 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 | $12,707,518 |
| Total liabilities | $12,707,518 |
Grants Awarded
Over the last fiscal year, Daniel Haiming & Cai Li Chang Family Foundation has awarded $212,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPANILE FOUNDATION PURPOSE: PROVIDE SUPPORT FOR THE ELECTRIC DRIVE TRANSPORTATION CENTER IN THE ELECTRICAL AND COMPUTER ENGINEERING DEPARTMENT | $200,000 |
CHINESE WRITERS ASSOCIATION OF AMERICA PURPOSE: FOR THE PUBLICATION OF THE ANTHOLOGY OF THE WRITERS ASSOCIATION | $1,000 |
FRIENDS OF WE CHINESE IN AMERICA PURPOSE: GENERAL & UNRESTRICTED | $3,500 |
FRIENDS OF COAST WALK TRAIL PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
U C SAN DIEGO FOUNDATION PURPOSE: GLOBAL POLICY AND STRATEGY 21ST CENTURY CHINA CENTER | $5,000 |