The Laurence And Michele Chang Foundation
- Assets
- $883.0k
- Revenue
- -$35.5k
- Investments
- $826.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 20-8383517
Organization Overview
The Laurence And Michele Chang Foundation is located in Wilmington, DE. The organization was established in 2008. 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. Laurence And Michele Chang Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Laurence And Michele Chang Foundation has awarded 46 individual grants totaling $552,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence Chang Dir, Sec, Co- Pres | 1 | $0 | |
Michele Chang Co- Pres, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $176 |
| Dividends & Interest | $34,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$69,746 |
| Capital Gain Net Income | $16,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$35,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,978 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,649 |
| Total operating and administrative expenses | $16,627 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $96,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,172 |
| 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 | $0 |
| Total assets | $883,000 |
| 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, The Laurence And Michele Chang Foundation has awarded $80,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVATE WORK INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
PATH PURPOSE: GENERAL & UNRESTRICTED | $10,000 |