Chu & Chan Foundation
- Assets
- $1.2m
- Revenue
- $109.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 09/1999
- Data as of
- 04/2024
- EIN
- 11-3440906
Organization Overview
Chu & Chan Foundation is located in Pennington, NJ. 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. Chu & Chan 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 04/2024, Chu & Chan Foundation generated $109.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $96.5k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Chu & Chan Foundation has awarded 26 individual grants totaling $506,890. 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 |
|---|---|---|---|
Tony Chu President | 20 | $0 | |
Emily Chu Director | 20 | $0 | |
Thomas Sobel Secretary | 0 | $0 | |
Jeff Sobel President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,440 |
| Capital Gain Net Income | $76,440 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,113 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $305 |
| Total operating and administrative expenses | $21,528 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $96,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329 |
| Savings and temporary cash investments | $104,792 |
| 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 | $18,958 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,178,245 |
| 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 & Chan Foundation has awarded $75,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MARFAN FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $40,000 |
CHARLEE'S ORCHARD PURPOSE: UNRESTRICTED GENERAL | $5,000 |
HOSPICE OF SOUTHERN ILLINOIS PURPOSE: UNRESTRICTED GENERAL | $30,000 |