The Jatain Foundation
- Assets
- $20.4m
- Revenue
- $474.6k
- Investments
- $20.3m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 22-6824275
Organization Overview
The Jatain Foundation is located in Irvine, CA. The organization was established in 2002. 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. Jatain 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 12/2022, Jatain Foundation generated $474.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jatain Foundation has awarded 91 individual grants totaling $5,774,451. 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 |
|---|---|---|---|
George Cheng President | 2 | $0 | |
Clifford Cheng Vice President | 2 | $0 | |
Jean Cheng Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $87 |
| Dividends & Interest | $181,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $293,194 |
| Capital Gain Net Income | $293,194 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $474,633 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $371 |
| Total operating and administrative expenses | $33,918 |
| Contributions, gifts, grants paid | $1,707,098 |
| Total expenses and disbursements | $1,741,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,771 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,417 |
| Total assets | $20,445,916 |
| 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 Jatain Foundation has awarded $1,707,098 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: EXEMPT ACTIVITIES SUPPORT | $50,000 |
CHENG FAMILY SCHWAB DONOR ADVISED FUND PURPOSE: EXEMPT ACTIVITIES SUPPORT | $385,000 |
CHILDREN HOSPITAL OF ORANGE COUNTY PURPOSE: EXEMPT ACTIVITIES SUPPORT | $100,000 |
CRYSTAL COVE CONSERVACY PURPOSE: EXEMPT ACTIVITIES SUPPORT | $50,000 |
EFC IRVINE PURPOSE: MINISTRIES | $10,000 |
ITPC PURPOSE: EXEMPT ACTIVITIES SUPPORT | $31,000 |