Hsing-Ming Chang Charitable Foundation
- Assets
- $6.1m
- Revenue
- $373.0k
- Investments
- $6.1m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 09/2014
- Data as of
- 03/2022
- EIN
- 46-5386654
Organization Overview
Hsing-Ming Chang Charitable Foundation is located in Los Altos, CA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational 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. Hsing-Ming Chang Charitable 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 03/2022, Hsing-Ming Chang Charitable Foundation generated $373.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $696.2k during the year ending 03/2022. While expenses have increased by 21.0% 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.
Since 2017, Hsing-Ming Chang Charitable Foundation has awarded 13 individual grants totaling $2,032,000. 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
MEETING WITH LINFENG ZHANG OF OCEF ABOUT THE PROGRAM AND DONATION
PROVIDE FUNDTING TO BUDHIST TZU-CHI FOUNDATION AND GENESIS SOCIAL WELFARE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ming-Chun Chang Secretary | 8 | $0 | |
Ming-Bing Chang CEO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $126,622 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,344 |
| Capital Gain Net Income | $246,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $372,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,408 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,433 |
| Total operating and administrative expenses | $16,236 |
| Contributions, gifts, grants paid | $680,000 |
| Total expenses and disbursements | $696,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,707 |
| 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 | $6,140,746 |
| 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 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Hsing-Ming Chang Charitable Foundation has awarded $680,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GENESIS SOCIAL WELFARE FOUNDATION PURPOSE: CHARITABLE DONATION | $240,000 |
BUDDHIST TZU CHI FOUNDATION PURPOSE: CHARITABLE DONATION | $240,000 |
Houston, TX PURPOSE: CHARITABLE DONATION | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |