Robert Chinn Foundation
- Assets
- $1.9m
- Revenue
- $385.6k
- Investments
- $1.8m
- Employees
- 7
- Location
- Pasadena, CA
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 91-1364167
Organization Overview
Robert Chinn Foundation is located in Pasadena, CA. The organization was established in 1986. 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. As of 12/2022, Robert Chinn Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert Chinn 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, Robert Chinn Foundation generated $385.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert Chinn Foundation has awarded 27 individual grants totaling $515,108. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASIAN ARTISTS WORKING IN THE AMERICAN MUSIC INDUSTRY ENCOUNTER UNCONSCIOUS BIAS THAT MAKE INTER-RACIAL COLLABORATIONS AND EQUITABLE RECOGNITION DIFFICULT. THE LEGACY ARTISTS SERIES ACCELERATES ASIAN REPRESENTATION IN MAINSTREAM AMERICAN MUSIC BY PRESENTING, PRODUCING AND PROMOTING ICONIC COLLABORATIONS IN AN INTEGRATED MULTIMEDIA FORMAT. THE FOUR PROGRAMS OF LIVE, AUDIO, VIDEO AND EXHIBIT RAISE PUBLIC AWARENESS OF COLLABORATIVE WORKS THROUGH CONCERTS THAT ARE RECORDED LIVE ON AUDIO AND VIDEO. THE CONTENT IS PROFESSIONALLY ENGINEERED, DISTRIBUTED ON DIGITAL STREAMING PLATFORMS AND SUBMITTED TO INDUSTRY ORGANIZATIONS TO RAISE PUBLIC AWARENESS INCLUDING THE OSCAR AND GRAMMY AWARDS. THE VISION IS TO PRESENT THE CANON OF WORK AS AN INTERACTIVE EXHIBIT FOR DISPLAY IN MUSEUMS, FESTIVALS AND OTHER PUBLIC ENVIRONMENTS WHICH WOULD BROADEN ITS PHILANTHROPIC IMPACT TO A LARGER MULTI-GENERATIONAL AUDIENCE.
DIGITAL EQUITY INITIATIVE ACCELERATES OPPORTUNITIES FOR ASIAN EQUITY IN UNDER-REPRESENTED AREAS OF MEDIA, TECHNOLOGY AND ENTERTAINMENT. IT'S FLAGSHIP PROGRAM IS THE DRAGON ZOOM MOBILE GAME WHICH ADVANCES WOMEN AND GIRLS IN STEM. OTHER PLATFORMS INCLUDE THE PODCAST, AAPI AUDIOBOOK AND VIRTUAL TOWN HALLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Wong Chairman | 20 | $0 | |
Aaron Olson President | 2 | $0 | |
Letitia Fong Vice President | 2 | $0 | |
Taylor Shimizu Secretary | 2 | $0 | |
Leah Long Treasurer | 20 | $0 | |
Stephanie Garrett Treasurer (1/22) | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pinnacle Llc | 12/30/20 | $195,850 |
Cubix Global Inc | 12/30/20 | $76,880 |
Iheartmedia Inc | 12/30/20 | $50,000 |
Unfinished Business | 12/30/20 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,750 |
| Interest on Savings | $30 |
| Dividends & Interest | $76,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,474 |
| Capital Gain Net Income | $297,474 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $385,622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,603 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,773 |
| Depreciation | $0 |
| Occupancy | $18,187 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200,713 |
| Total operating and administrative expenses | $517,643 |
| Contributions, gifts, grants paid | $1,046,449 |
| Total expenses and disbursements | $1,564,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,780 |
| Savings and temporary cash investments | $53,234 |
| 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 | $139,084 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,917,375 |
| 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 | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $149,900 |
Grants Awarded
Over the last fiscal year, Robert Chinn Foundation has awarded $307,790 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE FOUNDATION PURPOSE: GENERAL SUPPORT | $303,500 |
COLLEGE SUCCESS FOUNDATION PURPOSE: SCHOLARSHIPS | $2,500 |
SEATTLE SYMPHONY PURPOSE: GENERAL SUPPORT | $1,340 |
SEATTLE ART MUSEUM PURPOSE: GENERAL SUPPORT | $450 |