Peng Zhao And Cherry Chen Foundation Inc
- Assets
- $0.0
- Revenue
- $42.4m
- Investments
- $39.6m
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2021
- EIN
- 85-4261456
Organization Overview
Peng Zhao And Cherry Chen Foundation Inc is located in Miami, FL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Peng Zhao And Cherry Chen Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,195,068 |
| Interest on Savings | $3,301 |
| Dividends & Interest | $257,213 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,828,795 |
| Total Revenue | $42,386,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $700,901 |
| Contributions, gifts, grants paid | $1,750,000 |
| Total expenses and disbursements | $2,450,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,291 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,681,028 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Peng Zhao And Cherry Chen Foundation Inc has awarded $2,506,667 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KARTEMQUIN EDUCATIONAL FILMS PURPOSE: THE GRANT WILL ESTABLISH AND FUND "THE PENG ZHAO & CHERRY CHEN FUND FOR AAPI VOICES AT KARTEMQUIN," AN INITIATIVE THAT PROVIDES SUPPORT FOR THE NEXT GENERATION OF AAPI NONFICTION STORYTELLERS AS THEY WORK TO BRING NEW STORIES TO AUDIENCES AND BUILD CAREERS IN THE FILM INDUSTRY. | $300,000 |
THE ASIAN AMERICAN FOUNDATION PURPOSE: TO BUILD THE INFRASTRUCTURE TO IMPROVE ASIAN AMERICAN AND PACIFIC ISLANDER ADVOVACY, POWER AND REPRESENTATION | $2,000,000 |
KOREAN AMERICAN COMMUNITY FOUNDATION PURPOSE: WORKING TO ADDRESS THE MOST PRESSING NEEDS IN THE KOREAN-AMERICAN COMMUNITY AND BEYOND. TO THE SUPPORTERS; KACF PROVIDES A WAY TO MAGNIFY THE IMPACT OF THEIR GIVING AND TO BUILD BRIDGES ACROSS GENERATIONS & COMMUNITIES | $10,000 |
CHINESE AMERICAN SERVICE LEAGUE PURPOSE: THE GRANT SHALL BE USED TO SUPPORT CASL'S WORK TO SERVE THE AAPI COMMUNITY, AND VULNERABLE POPULATIONS MORE BROADLY, IN CHICAGO WITH WRAPAROUND SOCIAL SERVICES AND A NEW EFFORT TO CAPTURE DATA ON THE NEEDS AND EXPERIENCES OF AAPI POPULATIONS. | $166,667 |
THE SECOND CITY INC - VICTOR WONG FELLOWSHIP PROGRAM PURPOSE: THE VICTOR WONG FELLOWSHIP PROGRAM IS DESIGNED TO TRAIN THE NEXT GENERATION OF AAPI COMEDIC TALENT. | $30,000 |