Margaret And Peter Chang Foundation A Nj Non-Profit Corporation
- Assets
- $2.0m
- Revenue
- $194.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0765348
Organization Overview
Margaret And Peter Chang Foundation A Nj Non-Profit Corporation is located in Westfield, NJ. The organization was established in 2009. 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. Margaret And Peter Chang Foundation A NJ Non-Profit Corporation 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, Margaret And Peter Chang Foundation A NJ Non-Profit Corporation generated $194.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $101.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Margaret And Peter Chang Foundation A NJ Non-Profit Corporation has awarded 76 individual grants totaling $1,126,996. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwyneth B Mcnabola Trustee | 2 | $0 | |
Dorothy M Miller Secretary/ Trustee | 2 | $0 | |
Cyrene M Foltz Treasurer/ Trustee | 4 | $0 | |
David B Foltz President/ Trustee | 2 | $0 | |
Gloria Rahn Vice President/trustee | 2 | $0 | |
Penelope E Lattimer Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $56,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $138,119 |
| Capital Gain Net Income | $138,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $194,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,911 |
| Contributions, gifts, grants paid | $68,500 |
| Total expenses and disbursements | $101,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,382 |
| 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 | $0 |
| Total assets | $2,001,321 |
| 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, Margaret And Peter Chang Foundation A Nj Non-Profit Corporation has awarded $68,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SUMMIT SPEECH SCHOOL PURPOSE: PARENT/INFANT PROGRAM | $11,500 |
RESOLVE COMMUNITY COUNSELING PURPOSE: COUNSELING SUPPORT | $5,000 |
IMAGINE PURPOSE: HYBRID GRIEF SUPPORT | $5,000 |
CHILDREN'S SPECIALIZED HOSPITAL PURPOSE: THERAPY DOG | $15,000 |
CASA OF UNION COUNTY PURPOSE: DOMESTIC VIOLENCE SHELTER | $20,000 |
MIDDLESEX COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP | $12,000 |