Cm Chen Foundation Inc
- Assets
- $4.2m
- Revenue
- $197.0k
- Investments
- $3.9m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 01-0675481
Organization Overview
Cm Chen Foundation Inc is located in Pasadena, CA. The organization was established in 2002. 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. Cm Chen Foundation Inc 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 12/2021, Cm Chen Foundation Inc generated $197.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $110.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cm Chen Foundation Inc has awarded 21 individual grants totaling $1,278,026. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chih-Ming Chen President | 1 | $0 | |
Chong Ding Vice President | 1 | $0 | |
Ariel Chen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $160,998 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,936 |
| Capital Gain Net Income | $35,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $196,978 |
| 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 | $0 |
| Total operating and administrative expenses | $10,053 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $110,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $288,496 |
| 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 | $13,015 |
| Total assets | $4,192,981 |
| 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, Cm Chen Foundation Inc has awarded $210,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OHIO STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |
NTUADF PURPOSE: GENERAL SUPPORT | $110,000 |