Daofeng & Angela Foundation Corporation
- Assets
- $21.6m
- Revenue
- $6.5m
- Investments
- $21.2m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-2371087
Organization Overview
Daofeng & Angela Foundation Corporation is located in Rockville, MD. The organization was established in 2016. 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. Daofeng & Angela Foundation Corporation 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, Daofeng & Angela Foundation Corporation generated $6.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Daofeng & Angela Foundation Corporation has awarded 26 individual grants totaling $1,914,758. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE PRESERVATION INITIATIVE - TO DONATE PERSONAL PROTECTIVE EQUIPMENT SUCH AS DISPOSABLE MEDICAL MASKS MEDICAL SUPPLIES ETC TO 25 HOSPITALS AND 30 NONPROF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela He Director | 10 | $15,000 | |
Xuemei Feng Director | 5 | $0 | |
Daofeng He President & Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,002,000 |
| Interest on Savings | $8 |
| Dividends & Interest | $12,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $493,711 |
| Capital Gain Net Income | $493,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,508,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,000 |
| Pension plans, employee benefits | $0 |
| Interest | $80,606 |
| Taxes | $11,336 |
| Depreciation | $6,182 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26,607 |
| Printing and publications | $0 |
| Other expenses | $88,663 |
| Total operating and administrative expenses | $278,915 |
| Contributions, gifts, grants paid | $905,384 |
| Total expenses and disbursements | $1,184,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,479 |
| Savings and temporary cash investments | $0 |
| 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 | $20,152,371 |
| Net Land, buildings, and equipment | $41,678 |
| Other assets | $0 |
| Total assets | $21,614,528 |
| Accounts payable and accrued expenses | $256,216 |
| 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 | $256,216 |
Grants Awarded
Over the last fiscal year, Daofeng & Angela Foundation Corporation has awarded $905,384 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Reston, VA PURPOSE: YOUNG AMERICANS PROGRAMS | $330,015 |
CHINA FOLK HOUSE RETREAT PURPOSE: BUILDING A FOLK RETREAT CULTURAL EXCHANGE SITE | $200,369 |
SOHRN PURPOSE: PROVIDE NEWS REPORTING AND CULTURAL PROGRAMS | $100,000 |
Rockville, MD PURPOSE: RELIGION-RELATED CHARITABLE ACTIVITIES | $100,000 |
ETA PURPOSE: SUPPORTING INDEPENDENT JOURNALISM | $100,000 |
CO CANAL TRUST PURPOSE: PRESERVATION OF C&O CANAL | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |