Ting Tsung And Wei Fong Chao Foundation
- Assets
- $26.5m
- Revenue
- $26.1m
- Investments
- $18.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 30-0005201
Organization Overview
Ting Tsung And Wei Fong Chao Foundation is located in Houston, TX. The organization was established in 2002. 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. Ting Tsung And Wei Fong Chao 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, Ting Tsung And Wei Fong Chao Foundation generated $26.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $26.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ting Tsung And Wei Fong Chao Foundation has awarded 682 individual grants totaling $193,223,766. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Chao Vice President & Treasurer | 5 | $0 | |
James Chao Vice President & Secretary | 5 | $0 | |
Dorothy Jenkins President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $457,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,651,167 |
| Capital Gain Net Income | $1,651,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104 |
| Total Revenue | $26,108,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $85,577 |
| Pension plans, employee benefits | $15,969 |
| Interest | $595 |
| Taxes | $73,302 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,233 |
| Total operating and administrative expenses | $359,048 |
| Contributions, gifts, grants paid | $25,639,985 |
| Total expenses and disbursements | $25,999,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,682,539 |
| 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 | $1,472,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,142,087 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,510,503 |
| 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, Ting Tsung And Wei Fong Chao Foundation has awarded $32,184,985 in support to 168 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BRAIN FOUNDATION PURPOSE: GENERAL OPERATING | $1,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC PURPOSE: GENERAL OPERATING | $500,000 |
19TH NEWS PURPOSE: GENERAL OPERATING | $1,000 |
AMERICAN HOSPITAL OF PARIS FOUNDATION PURPOSE: LE NOUVEL AMERICAIN CAPITAL CAMPAIGN | $283,585 |
APANO COMMUNITIES UNITED FUND DBA ASIAN PACIFIC AMERICAN NETWORK OF OREGON PURPOSE: GENERAL OPERATING | $5,000 |
ART 21 INC PURPOSE: GENERAL OPERATING | $15,000 |