Chang Chavkin Charitable Foundation
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $1.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-3695269
Organization Overview
Chang Chavkin Charitable Foundation is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chang Chavkin 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 12/2023, Chang Chavkin Charitable Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year .
Since 2018, Chang Chavkin Charitable Foundation has awarded 102 individual grants totaling $711,654. 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
THE CHANG CHAVKIN SCHOLARS PROGRAM SUPPORT RURAL, HIGH ACHEIVING, FIRST GENERATION STUDENTS WITH THE FUNDING AND RESOURCES NEEDED TO GRADUATE FROM A FOUR YEAR COLLEGE THAT MEETS THEIR POTENTIAL. THE PROGRAM WILL PROVIDE GUIDANCE TO SCHOLARS AND THEIR FAMILIES DURING THE COLLEGE SEARCH AND APPLICATION PROCESS. THE PROGRAM WILL ADVISE PARENTS AND STUDENTS ON THE COLLEGE SELECTION DECISION AND HELP NAVIGATE FINANCIAL AID AWARDS. SCHOLARSHIP RECIPIENTS WILL RECEIVE UP TO $15,000 PER YEAR FOR FOUR YEARS TOWARD THE COST OF ATTENDANCE AT AN ACCREDITED U.S. COLLEGE OR UNIVERSITY. WHILE IN COLLEGE, THE PROGRAM WILL ADVISE AND SUPPORT THE SCHOLARS SO THEY STAY IN SCHOOL AND REACH THEIR GOAL OF A COLLEGE DEGREE. IN ADDITION, THE PROGRAM WILL WORK WITH PARTNER HIGH SCHOOLS TO PROVIDE SUPPORT AND RESOURCES IN ORDER TO ENHANCE EXISTING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold L Chavkin Director, President | 1 | $0 | |
Laura Y Chang Director, Treasurer, Secre | 1 | $0 | |
Nancy A Roseman Executive Director | 40 | $167,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,220,244 |
| Interest on Savings | $13,870 |
| Dividends & Interest | $22,842 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $488,648 |
| Capital Gain Net Income | $488,648 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $268 |
| Total Revenue | $1,745,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,878 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,797 |
| Interest | $0 |
| Taxes | $12,840 |
| Depreciation | $121,350 |
| Occupancy | $2,075 |
| Travel, conferences, and meetings | $3,356 |
| Printing and publications | $0 |
| Other expenses | $4,650 |
| Total operating and administrative expenses | $354,634 |
| Contributions, gifts, grants paid | $259,384 |
| Total expenses and disbursements | $614,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $492,460 |
| 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 | $1,019,374 |
| Net Land, buildings, and equipment | $23,285 |
| Other assets | $2,745 |
| Total assets | $1,537,864 |
| 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 | $7,197 |
| Total liabilities | $7,197 |
Grants Awarded
Over the last fiscal year, Chang Chavkin Charitable Foundation has awarded $259,384 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AIDEN BETIT PURPOSE: SCHOLARSHIP | $15,000 |
ALEXIS CHOQUETTE PURPOSE: SCHOLARSHIP | $7,500 |
ANNIE MALONEY PURPOSE: SCHOLARSHIP | $11,728 |
CAMERON MARTIN PURPOSE: SCHOLARSHIP | $10,000 |
ALIYAH NOEL PURPOSE: SCHOLARSHIP | $8,487 |
CINDY NI PURPOSE: SCHOLARSHIP | $6,621 |