Chip Foundation
- Assets
- $182.0k
- Revenue
- $3.1k
- Investments
- $87.1k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 09/1982
- Data as of
- 11/2023
- EIN
- 94-2782935
Organization Overview
Chip Foundation is located in Cupertino, CA. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Chip 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 11/2023, Chip Foundation generated $3.1k 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 (46.7%) each year. All expenses for the organization totaled $30.7k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Miller President | 1 | $0 | |
Carolyn D Miller Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,100 |
| Dividends & Interest | $3,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,677 |
| Capital Gain Net Income | $49,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,139 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $6,229 |
| Contributions, gifts, grants paid | $24,500 |
| Total expenses and disbursements | $30,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,822 |
| 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 | $181,957 |
| 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, Chip Foundation has awarded $24,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CASTILLEJA SCHOOL FOUNDATION PURPOSE: GENERAL OPERATING OR ENDOWMENT FUND | $10,000 |
LUCILE PACKARD FOUNDATION PURPOSE: GENERAL OPERATING OR ENDOWMENT FUND | $500 |
OKIZU PURPOSE: GENERAL OPERATING OR ENDOWMENT FUND | $1,000 |
PENINSULA OPEN SPACE TRUST PURPOSE: GENERAL OPERATING OR ENDOWMENT FUND | $4,000 |
STANFORD UNIVERSITY- MR PURPOSE: GENERAL OPERATING OR ENDOWMENT FUND | $5,000 |
THEATREWORKS OF SILICON VALLEY PURPOSE: GENERAL OPERATING OR ENDOWMENT FUND | $4,000 |