Margaret And Raymond Chang Family Foundation
- Assets
- $7.6k
- Revenue
- $32.7k
- Investments
- $7.4k
- Employees
- 0
- Location
- Bainbridge Island, WA
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 83-1943306
Organization Overview
Margaret And Raymond Chang Family Foundation is located in Bainbridge Island, WA. The organization was established in 2018. 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. Margaret And Raymond 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 12/2022, Margaret And Raymond Chang Family Foundation generated $32.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $30.0k during the year ending 12/2022. While expenses have increased by 20.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,403 |
| Interest on Savings | $9 |
| Dividends & Interest | $58 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$742 |
| Capital Gain Net Income | $22,518 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $513 |
| Total operating and administrative expenses | $7,526 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $30,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,645 |
| 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 | $3,800 |
| Total liabilities | $3,800 |
Grants Awarded
Over the last fiscal year, Margaret And Raymond Chang Family Foundation has awarded $22,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BAINBRIDGE ISLAND LAND TRUST PURPOSE: CONSERVATION OF LAND, WATER, HABITAT | $1,000 |
CASCADE PUBLIC MEDIA PURPOSE: SUPPORT LOCAL PUBLIC TELEVISION STATION KTCS-9 | $500 |
CEDARS UNITARIAN UNIVERSALIST CHURCH PURPOSE: GENERAL SUPPORT | $5,000 |
KING FM 981 PURPOSE: GENERAL SUPPORT | $150 |
KNKX 885 PACIFIC PUBLIC MEDIA PURPOSE: SUPPORT LOCAL RADIO STATION | $300 |
MERWIN CONSERVANCY PURPOSE: SUPPORT PRESERVATION OF MERWIN CONSERVANCY | $250 |