Chysis Incorporated
- Assets
- $894.6k
- Revenue
- $39.0k
- Investments
- $876.7k
- Employees
- 0
- Location
- Leverett, MA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 26-0528387
Organization Overview
Chysis Incorporated is located in Leverett, MA. The organization was established in 2007. 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. Chysis Incorporated 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, Chysis Incorporated generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $99.7k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHYSIS INCORPORATED MAKES GRANTS TO 501(C)(3) TAX EXEMPT ORGANIZATIONS THAT ITS DIRECTORS IDENTIFY AS QUALIFYING ORGANIZATIONS.
CHYSIS INCORPORATED MAKES GRANTS TO 501(C)(3) TAX EXEMPT ORGANIZATIONS THAT ITS DIRECTORS IDENTIFY AS QUALIFYING ORGANIZATIONS.
CHYSIS INCORPORATED MAKES GRANTS TO 501(C)(3) TAX EXEMPT ORGANIZATIONS THAT ITS DIRECTORS IDENTIFY AS QUALIFYING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Longiaru President | 0 | $0 | |
Il-Soo Chay Longiaru Clerk | 0 | $0 | |
Saean Longiaru Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,251 |
| Capital Gain Net Income | $24,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,660 |
| Contributions, gifts, grants paid | $84,000 |
| Total expenses and disbursements | $99,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,917 |
| 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 | $894,633 |
| 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, Chysis Incorporated has awarded $84,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMHERST SURVIVAL CENTER PURPOSE: PROVIDE FOOD, HEALTH CARE, CLOTHING | $60,000 |
BALLET TECH FOUNDATION INC PURPOSE: BALLET TRAINING FOR NYC PUBLIC SCHOO | $4,000 |
PLAIN JAINE FOUNDATION PURPOSE: PROVIDE CHILDREN WITH BASIC NEEDS | $20,000 |