Sun Family Foundation
- Assets
- $257.5k
- Revenue
- $234.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 85-4278881
Organization Overview
Sun Family Foundation is located in Short Hills, NJ. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Sun 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 12/2021, Sun Family Foundation generated $234.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $308.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Sun Trustee | 2 | $0 | |
Henry Sun Trustee | 1 | $0 | |
Annie Sun Trustee | 2 | $0 | |
Mei Liu Trustee | 3 | $0 | |
Yingjun Sun Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $234,000 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| 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 | $234,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,532 |
| Printing and publications | $31 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,551 |
| Contributions, gifts, grants paid | $285,000 |
| Total expenses and disbursements | $308,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,464 |
| 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 | $257,464 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sun Family Foundation has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GNYCAHOCKEY PURPOSE: TO PROMOTE THE MENTAL HEALTH BY PROVIDING MINORITY SPORTS OPPORTUNITIES O REACH THEIR POTENTIALS IN SPORTS AND LIFE. | $0 |
Short Hills, NJ PURPOSE: TO NURSE PAWPAW SEEDLINGS AND PROMOTE THE PLANTING MORE PAWPAW TREES IN THE LOCAL AREAS BUILDING ECO-FRIENDLY ENVIRONMENTS AND NEIGHBORHOODS. | $0 |
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|---|---|---|
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Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
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