Cyrus Tang Foundation
- Assets
- $671.2m
- Revenue
- $13.8m
- Investments
- $577.5m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 88-0361180
Organization Overview
Cyrus Tang Foundation is located in Las Vegas, NV. The organization was established in 1997. 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. Cyrus Tang 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, Cyrus Tang Foundation generated $13.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $10.9m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL-FOUNDATION DONATED FUNDS FOR THE CONSTRUCTION OF SCHOOLS OR FOR THE BENEFIT OF EXISTING UNIVERSITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stella Liang President/director | 40 | $0 | |
Patrick Liang Treasurer | 1 | $0 | |
Vytas Ambutas Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,096,626 |
| Dividends & Interest | $10,829,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $440,793 |
| Capital Gain Net Income | $440,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $405,685 |
| Total Revenue | $13,772,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $939,626 |
| Pension plans, employee benefits | $45,359 |
| Interest | $2,813 |
| Taxes | $280,101 |
| Depreciation | $445,803 |
| Occupancy | $18,961 |
| Travel, conferences, and meetings | $103,975 |
| Printing and publications | $5,571 |
| Other expenses | $509,788 |
| Total operating and administrative expenses | $3,082,894 |
| Contributions, gifts, grants paid | $7,832,581 |
| Total expenses and disbursements | $10,915,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,653,184 |
| Savings and temporary cash investments | $72,398,000 |
| 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 | $15,855,039 |
| Other assets | $1,791,345 |
| Total assets | $671,242,568 |
| 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 |