Tang Family Foundation
- Assets
- $2.5m
- Revenue
- $88.3k
- Investments
- $2.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-1490252
Organization Overview
Tang Family Foundation is located in Houston, TX. The organization was established in 2010. 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. Tang 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 12/2022, Tang Family Foundation generated $88.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $37.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tang Family Foundation has awarded 20 individual grants totaling $386,468. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITY. NO OTHER ORGANIZATION OR BENEFICIARIES ARE SERVED. THERE ARE NO OTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy T Chang Director & President | 0 | $0 | |
Amy Chang Berger Director & Treasurer | 0 | $0 | |
Ann M Chang Director & Secretary | 0 | $0 | |
Linda Tang Director & Vice President | 0 | $0 | |
Brian Berger Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $238 |
| Dividends & Interest | $30,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,389 |
| Capital Gain Net Income | $115,389 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$57,728 |
| Total Revenue | $88,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52 |
| Total operating and administrative expenses | $27,059 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $37,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,434 |
| 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 | $623,670 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $211,395 |
| Total assets | $2,540,508 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,750 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,750 |
Grants Awarded
Over the last fiscal year, Tang Family Foundation has awarded $123,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ASIA SOCIETY TEXAS CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
FU JEN UNIVERSITY FOUNDATION DONATION PURPOSE: GENERAL SUPPORT | $500 |
THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: GENERAL SUPPORT | $113,000 |