Chor Chai Marie & Gregory Tan Family Foundation
- Assets
- $395.6k
- Revenue
- $53.0k
- Investments
- $291.7k
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 95-4717970
Organization Overview
Chor Chai Marie & Gregory Tan Family Foundation is located in Glendale, CA. The organization was established in 1999. 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. Chor Chai Marie & Gregory Tan 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, Chor Chai Marie & Gregory Tan Family Foundation generated $53.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $35.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Chor Chai Marie & Gregory Tan Family Foundation has awarded 59 individual grants totaling $125,849. 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:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Tan President/cfo | 10 | $0 | |
Marie Tan Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| 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 | $53,029 |
| Total Revenue | $53,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,867 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,767 |
| Contributions, gifts, grants paid | $28,263 |
| Total expenses and disbursements | $35,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,915 |
| 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 | $291,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $395,614 |
| 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 | $3,550 |
| Total liabilities | $3,550 |
Grants Awarded
Over the last fiscal year, Chor Chai Marie & Gregory Tan Family Foundation has awarded $28,263 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
DHAMMA JOTI MEDITATION CENTER PURPOSE: GENERAL FUND OF CHARITY | $4,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: GENERAL FUND OF CHARITY | $500 |
LOS ANGELES BUDDHIST UNION PURPOSE: GENERAL FUND OF CHARITY | $8,210 |
MARCH OF DIMES PURPOSE: GENERAL FUND OF CHARITY | $200 |
NOELENE KAO PURPOSE: GENERAL FUND OF CHARITY | $1,300 |
KIWANIS PURPOSE: GENERAL FUND OF CHARITY | $100 |