Chenwu Foundation
- Assets
- $106.6k
- Revenue
- $50.1k
- Investments
- $32.4k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 04/2009
- Data as of
- 11/2022
- EIN
- 26-3847067
Organization Overview
Chenwu Foundation is located in Saratoga, CA. The organization was established in 2009. 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. Chenwu 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 11/2022, Chenwu Foundation generated $50.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $22.0k during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (51.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chenwu Foundation has awarded 77 individual grants totaling $791,955. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS ONE OF THE CHENWU FOUNDATIONS ON-GOING LONG-TERM PROJECTS, THE PRINTING AND DISTRIBUTION OF SELECT RELIGIOUS AND SPIRITUAL PUBLICATIONS SERVES OUR PURPOSE OF BRINGING MORAL GUIDANCE TO THOSE IN NEED. EVERY YEAR WE HAND-SELECT A NUMBER OF PUBLICATIONS AND BOOKS, WHICH WE BELIEVE OFFER THE SOCIETY A WAY TO AWAKEN THEIR CONSCIENTIOUSNESS FROM THE ENTRAPMENTS OF MATERIALISM, AND OFFER THE READERS GUIDANCE TOWARDS ENLIGHTENMENT. THESE BOOKS ARE FREELY DISTRIBUTED AMONG SPIRITUAL CENTERS, TEMPLES AND WHOEVER IS INTERESTED ACROSS THE ENTIRE STATE. THIS PROJECT, IN WHICH THE CHENWU FOUNDATION PARTICIPATES THROUGH THE BUDDHIST SOCIETY, HAS RECEIVED CONSISTENTLY POSITIVE FEEDBACK REGARDING THE MEANINGFULNESS AND HIGH MORAL IMPACT.
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 |
|---|---|---|---|
Fusen E Chen President | 2 | $0 | |
Yijen Chen Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $97 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $50,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $1,550 |
| Contributions, gifts, grants paid | $20,420 |
| Total expenses and disbursements | $21,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,253 |
| 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 | $32,385 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $106,638 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Chenwu Foundation has awarded $20,420 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
San Jose, CA PURPOSE: CHARITY | $10,000 |
STONY BROOK UNIVERSITY PURPOSE: CHARITY | $10,000 |
WORLD VISION PURPOSE: CHARITY | $420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |
Lone Rock Foundation Santa Cruz, CA | $94,429,828 | $8,565,645 |
Maurice And Paul Marciano Art Foundation Beverly Hills, CA | $51,457,379 | $441,554 |