Chris & Karen Chen Foundation
- Assets
- $103.5k
- Revenue
- $3.9k
- Investments
- $100.2k
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 08/2019
- Data as of
- 06/2022
- 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 06/2022, Chris & Karen Chen Foundation generated $3.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (64.0%) each year. All expenses for the organization totaled $3.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Chang CFO | 2 | $0 | |
Chris Chen CEO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $200 |
| Printing and publications | $0 |
| Other expenses | $398 |
| Total operating and administrative expenses | $1,530 |
| Contributions, gifts, grants paid | $2,119 |
| Total expenses and disbursements | $3,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,263 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $50 |
| 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 | $103,476 |
| Accounts payable and accrued expenses | $3,637 |
| 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 | $3,637 |
Grants Awarded
Over the last fiscal year, Chris & Karen Chen Foundation has awarded $2,119 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOCKWOOD STEAM ACADEMY PURPOSE: EDUCATIONAL | $1,950 |
HUNTINGTON LIBRARY PURPOSE: CHARITABLE | $169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Employees Charity Organization Redondo Beach, CA | $0 | $1,994,231 |
Operating Engineers Industry Stabil Ization Trust Fund Alameda, CA | $275,534 | $1,101,204 |
Oregon Chinese Coalition Beaverton, OR | $518,934 | $836,117 |
Givingfund Oakland, CA | $271,838 | $241,989 |
501 Collective Lake Oswego, OR | $16,006 | $0 |
Hyojin Kim Nirav Patel Foundation Inc San Francisco, CA | $1,720,069 | $74,528 |
Gallic Foundation Inc Berkeley, CA | $968,181 | $199,585 |
Yari Family Foundation Los Angeles, CA | $469,191 | $205,012 |
Nick Of Time Project Inc Glendale, CA | $5,826 | $0 |
Chris & Karen Chen Foundation San Ramon, CA | $103,476 | $3,852 |
Duchen Foundation Castro Valley, CA | $108,284 | $51,275 |
Stewardship Of The Commons Foundation Berkeley, CA | $2,990 | $3,000 |