Ho Chang Family Foundation
- Assets
- $477.6k
- Revenue
- $424.8k
- Investments
- $422.2k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 05/2010
- Data as of
- 09/2022
- EIN
- 27-1193530
Organization Overview
Ho Chang Family Foundation is located in Cupertino, CA. The organization was established in 2010. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ho Chang Family 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 09/2022, Ho Chang Family Foundation generated $424.8k in total revenue. All expenses for the organization totaled $25.6k during the year ending 09/2022. While expenses have increased by 12.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
IN TODAY'S HECTIC AND HIGH STRESS ENVIRONMENT FOR STUDENTS AND PARENTS, THERE IS DISCONNECT BETWEEN STUDENTS AND PARENTS DUE TO LACK OF AWARENESS AND COMMUNICATION. FREQUENTLY PARENTS ARE NOT AWARE OF SOME OF THE REAL ISSUES THAT STUDENTS FACE IN SCHOOL.SOLUTIONWITH THE UBIQUITOUS ADOPTION OF MOBILE DEVICES FOR HIGH SCHOOL STUDENTS AND THEIR PARENTS, WE THINK A MOBILE APP IS THE RIGHT PLATFORM TO ENGAGE THE STUDENTS AND THE PARENTS TO PROMOTE BETTER AWARENESS AND DEEPERCONNECTION.1) QUICKLY TAKE THE DYNAMIC PULSE OF CERTAIN TOPICS AND ISSUES THAT ARE RELEVANT AND IMPORTANT TO THE STUDENTS AND TO THE PARENTS.2) HIGHLIGHT THE TOPIC/ISSUE WITH THE BIGGEST STUDENTS-PARENTS GAP (IN THE KNOW/CARE DIALS - TO BE EXPLAINED MORE LATER).3) LINK THESE TOPICS TO EXISTING CURATED ARTICLES (VERDE DERA ARCHIVE)4) SOLICIT CONTRIBUTION OF ARTICLES FROM BOTH STUDENTS AND PARENTS5) ADD VOLUNTEER PROFESSIONAL VOICE TO THE TOPIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kok Keong Simon Ho President & CEO | 0 | $0 | |
Wen Ling Chang Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $180 |
| Dividends & Interest | $10,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $414,185 |
| Capital Gain Net Income | $414,185 |
| Net ST Capital Gain | $414,185 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $281 |
| Total Revenue | $424,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $764 |
| Depreciation | $1,466 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $751 |
| Printing and publications | $0 |
| Other expenses | $20,742 |
| Total operating and administrative expenses | $25,123 |
| Contributions, gifts, grants paid | $516 |
| Total expenses and disbursements | $25,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,735 |
| 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 | $358,397 |
| Net Land, buildings, and equipment | $1,632 |
| Other assets | $0 |
| Total assets | $477,550 |
| 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 | $1,214 |
| Total liabilities | $1,214 |
Grants Awarded
Over the last fiscal year, Ho Chang Family Foundation has awarded $2,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CRYSTAL CHILDRENS CHOIR PURPOSE: THROUGH A UNIQUE MUSICAL AND LIFE-ENHANCING EDUCATION OFFERING TO ITS CHORISTERS, CRYSTAL CHILDRENS CHOIR HOPES TO NURTURE TEAMWORK, LOVE OF MUSIC, AND EXCELLENCE IN CHORAL SINGING AMONG YOUNGER GENERATIONS. | $1,500 |
Cupertino, CA PURPOSE: TO PROVIDE A CHILD-CENTERED ENVIRONMENT THAT CULTIVATES CHARACTER, FOSTERS ACADEMIC EXCELLENCE AND EMBRACES DIVERSITY. DISTRICT FAMILIES, COMMUNITY AND STAFF JOIN AS PARTNERS TO DEVELOP CREATIVE, EXEMPLARY LEARNERS WITH THE SKILLS AND ENTHUSIASM TO CONTRIBUTE TO A CONSTANTLY CHANGING GLOBAL SOCIETY. | $500 |
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|---|---|---|
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