Chang Family Foundation
- Assets
- $5.1m
- Revenue
- $570.2k
- Investments
- $4.7m
- Employees
- 0
- Location
- Mission Viejo, CA
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 88-0379688
Organization Overview
Chang Family Foundation is located in Mission Viejo, CA. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Chang 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 12/2023, Chang Family Foundation generated $570.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $485.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chang Family Foundation has awarded 18 individual grants totaling $404,931. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
SPONSORSHIP OF SPORTS LEAGUES FOR CHRISTIAN OUTREACH THROUGH SPORTS MINISTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Chang Treas./sec. | 5 | $0 | |
Michael Tp Chang President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $185,161 |
| Interest on Savings | $53,103 |
| Dividends & Interest | $99,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,967 |
| Capital Gain Net Income | $187,967 |
| Net ST Capital Gain | $1,518 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,580 |
| Total Revenue | $570,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $63,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,040 |
| Depreciation | $903 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $289,107 |
| Total operating and administrative expenses | $414,152 |
| Contributions, gifts, grants paid | $71,500 |
| Total expenses and disbursements | $485,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $330,048 |
| Net Accounts receivable | $18,135 |
| 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 | $1,662,399 |
| Net Land, buildings, and equipment | $3,241 |
| Other assets | $0 |
| Total assets | $5,064,048 |
| Accounts payable and accrued expenses | $24,168 |
| 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 | $11,998 |
| Total liabilities | $36,166 |
Grants Awarded
Over the last fiscal year, Chang Family Foundation has awarded $71,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW SONG CHURCH PURPOSE: TO HELP THE SGWN MISSIONS | $500 |
USTA HAWAII PACIFIC PURPOSE: TO HELP ORGANIZATION PROVIDE HEALTHY ACTIVITIES FOR FAMILIES. | $10,000 |
FELLOWSHIP OF CHROSTIAN ATHLETES PURPOSE: TO HELP ORGANIZATION WITH THEIR MISSION. | $60,000 |
SCHOOL CONNECT WA PURPOSE: TO HELP THEIR MISSION TO CREATE EXCEPTIONAL ACADEMIC AFTERSCHOOL PROGRAMS FOR MARGINALIZED CHILDREN. | $1,000 |