Calvin Chung-Yi Wang Foundation
- Assets
- $617.5k
- Revenue
- $59.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 06/2004
- Data as of
- 11/2023
- EIN
- 20-0484204
Organization Overview
Calvin Chung-Yi Wang Foundation is located in Cupertino, CA. The organization was established in 2004. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Calvin Chung-Yi Wang 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, Calvin Chung-Yi Wang Foundation generated $59.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $44.6k during the year ending 11/2023. 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
THE PROGRAM DONATION PROVIDED FUNDING TO ST JUDE CHILDRENS RESEARCH.
THE PROGRAM DONATION PROVIDED FUNDING TO ST JOSEPH CUPERTINO CATHOLIC CHURCH.
HOUSING PROGRAM PROVIDED FUNDING TO THE SECOND HARVEST FOOD BANK.
HOUSING PROGRAM PROVIDED FUNDING TO OPERATION SMILE AND POOR CLARES OF LOS ALTOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Chung-Yi Wang Executive Di | 0 | $0 | |
Calvin Chung-Yi Wang Executive Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,382 |
| Dividends & Interest | $0 |
| Net Rental Income | $15,786 |
| Net Gain on Sale of Assets | $11,781 |
| Capital Gain Net Income | $11,781 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $200 |
| Total Revenue | $59,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $171 |
| Depreciation | $8,500 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,000 |
| Total operating and administrative expenses | $36,615 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $44,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,787 |
| Savings and temporary cash investments | $311,991 |
| 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 | $293,763 |
| Other assets | $0 |
| Total assets | $617,541 |
| 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 | $5,164 |
| Total liabilities | $5,164 |
Grants Awarded
Over the last fiscal year, Calvin Chung-Yi Wang Foundation has awarded $8,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH HOSPITA PURPOSE: ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT. | $3,000 |
POOR CLARE'S OF LOS ALTOS PURPOSE: A CATHOLIC RELIGIOUS ORDER OF WOMEN WHO HAVE VOWED A LIFESTYLE BASED ON THE RULE WRITTEN BY SAINT CLARE MORE THAN 800 YEARS AGO. | $2,000 |
OPERATION SMILE PURPOSE: THROUGH OUR EXPERTISE IN TREATING CLEFT LIP AND CLEFT PALATE, WE CREATE SOLUTIONS THAT DELIVER SAFE SURGERY TO PEOPLE WHERE ITS NEEDED MOST. | $1,000 |
ST JOSEPH CUPERTINO CATHOLIC CHURCH PURPOSE: TO PROVIDE A PLACE TO PRACTICE OUR FAITH, EDUCATE OUR CHILDREN AND SHARE OUR BLESSINGS WITH OTHERS. | $2,000 |