Chris & Karen Chen Foundation
- Assets
- $101.9k
- Revenue
- $3.6k
- Investments
- $96.3k
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 08/2019
- Data as of
- 06/2024
- EIN
- 84-2473960
Organization Overview
Chris & Karen Chen Foundation is located in San Ramon, CA. The organization was established in 2019. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. Chris & Karen Chen 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 06/2024, Chris & Karen Chen Foundation generated $3.6k 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 (46.6%) each year. All expenses for the organization totaled $5.4k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Chen CEO | 2 | $0 | |
Karen Chang CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $1,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,443 |
| Capital Gain Net Income | $2,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,088 |
| Printing and publications | $0 |
| Other expenses | $540 |
| Total operating and administrative expenses | $2,564 |
| Contributions, gifts, grants paid | $2,795 |
| Total expenses and disbursements | $5,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,632 |
| 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 | $101,911 |
| Accounts payable and accrued expenses | $5,303 |
| 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 | $5,303 |
Grants Awarded
Over the last fiscal year, Chris & Karen Chen Foundation has awarded $2,795 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOCKWOOD STEAM ACADEMY PURPOSE: CHARITABLE | $794 |
CAL HIGH MEN'S BASKETBALL PURPOSE: CHARITABLE | $476 |
UNIVERSITY OF CALIFORNIA AT BERKELEY PURPOSE: EDUCATIONAL | $1,000 |
GOFUNDME PURPOSE: CHARITABLE | $125 |
CODE MONKEY LICENSE FOR LOCKWOOD PURPOSE: 40000 | $400 |