Charistar Foundation
- Assets
- $1.1m
- Revenue
- $52.6k
- Investments
- $835.0k
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 10/2009
- Data as of
- 07/2023
- EIN
- 27-0807992
Organization Overview
Charistar Foundation is located in Milpitas, CA. 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. Charistar 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 07/2023, Charistar Foundation generated $52.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $77.4k during the year ending 07/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chan Hong Chern CEO | 5 | $0 | |
Yi Yang CFO Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $879 |
| Dividends & Interest | $15,815 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,870 |
| Capital Gain Net Income | $25,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $602 |
| Depreciation | $7,480 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,905 |
| Printing and publications | $0 |
| Other expenses | $13,597 |
| Total operating and administrative expenses | $44,584 |
| Contributions, gifts, grants paid | $32,852 |
| Total expenses and disbursements | $77,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,661 |
| Savings and temporary cash investments | $66,002 |
| 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 | $4,287 |
| Other assets | $0 |
| Total assets | $1,148,921 |
| Accounts payable and accrued expenses | $25,532 |
| 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 | $25,532 |
Grants Awarded
Over the last fiscal year, Charistar Foundation has awarded $32,852 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA EE FOUNDATION PURPOSE: DONATION | $8,000 |
UC BERKELEY CIVIL ENV ENGINEERING PURPOSE: DONATION | $10,000 |
NCTU FOUNDATION PURPOSE: DONATION | $3,501 |
UCI FOUNDATION PURPOSE: DONATION | $1,000 |
TAIWAN RED CROSS PURPOSE: DONATION | $3,226 |
ASIA SOCIETY PURPOSE: DONATION | $1,000 |