Chu Family Charitable Foundation Inc
- Assets
- $56.7k
- Revenue
- $5.6k
- Investments
- $53.2k
- Employees
- 0
- Location
- Bolton, MA
- Founding
- 06/1994
- Data as of
- 10/2023
- EIN
- 04-3224331
Organization Overview
Chu Family Charitable Foundation Inc is located in Bolton, MA. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chu Family Charitable 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 10/2023, Chu Family Charitable Foundation Inc generated $5.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.1k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick G W Chu President, VP & Director | 0.5 | $0 | |
Laura Chu Burke Treasurer, Secretary & Director | 0.5 | $0 | |
Karen Fabbri Director | 0.25 | $0 | |
Gian-Dillman Rash Fabbri Director | 0.25 | $0 | |
Steven Fadden Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,200 |
| Capital Gain Net Income | $5,200 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $919 |
| Contributions, gifts, grants paid | $2,220 |
| Total expenses and disbursements | $3,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,505 |
| 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 | $50,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,716 |
| 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, Chu Family Charitable Foundation Inc has awarded $2,220 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RFK COMMUNITY ALLIANCE PURPOSE: FINANCIAL SUPPORTFINANCIAL SUPPORT | $1,000 |
CORNELL UNIVERSITY PURPOSE: FINANCIAL SUPPORT | $1,220 |