Chai Family Foundation
- Assets
- $938.6k
- Revenue
- $58.9k
- Investments
- $66.1k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 05/2007
- Data as of
- 11/2021
- EIN
- 20-8034700
Organization Overview
Chai Family Foundation is located in San Jose, CA. The organization was established in 2007. 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. Chai 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 11/2021, Chai Family Foundation generated $58.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $48.3k during the year ending 11/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANT DREAMS AND GROW A HAPPY LIFESINCE 2006, WE, THE FOUNDERS OF CHAI FAMILY FOUNDATION HAVE GROWN, SAVED AND SHARED OUR ORGANIC SEEDS AND PLANTS. OUR GOAL IS TO EDUCATE OUR COMMUNITY. WE HOSTED COUPLE GARDENING CLASSES AND FIELD TRIPS. WE TAUGHT PEOPLE HOW TO PLANT DREAMS AND GROW HAPPY LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jing Chai Secretary And CFO | 8 | $5,400 | |
Bei Qin CEO | 3 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,958 |
| Dividends & Interest | $0 |
| Net Rental Income | $22,085 |
| 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 | $9,918 |
| Total Revenue | $58,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $201 |
| Depreciation | $6,030 |
| Occupancy | $1,144 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,230 |
| Total operating and administrative expenses | $48,284 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $48,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,915 |
| 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 | $509,412 |
| Investments—mortgage loans | $0 |
| Investments—other | $66,079 |
| Net Land, buildings, and equipment | $5,191 |
| Other assets | $0 |
| Total assets | $938,597 |
| Accounts payable and accrued expenses | $187 |
| 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 | $187 |
Grants Awarded
Over the last fiscal year, Chai Family Foundation has awarded $12,560 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SOUND OF HOPE RADIO NETWORK INC PURPOSE: DONATION | $10,000 |
San Jose, CA PURPOSE: DONATION | $1,000 |
Foster City, CA PURPOSE: DONATION | $500 |
SAGEGLOBLE PURPOSE: DONATION | $500 |
Chico, CA PURPOSE: DONATION | $500 |
SAN JOSE CHAMBER ORCHESTRA PURPOSE: DONATION | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |