Xuejun And Andrea Chen Foundation
- Assets
- $1.2m
- Revenue
- $66.7k
- Investments
- $88.3k
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-2579260
Organization Overview
Xuejun And Andrea Chen Foundation is located in Potomac, MD. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Xuejun And Andrea Chen 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, Xuejun And Andrea Chen Foundation generated $66.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $41.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Bai Chairman | 2 | $0 | |
Xuejun Chen Cochairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $158 |
| Dividends & Interest | $60,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,591 |
| Capital Gain Net Income | $5,591 |
| Net ST Capital Gain | $5,591 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $734 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,075 |
| Printing and publications | $0 |
| Other expenses | $15,337 |
| Total operating and administrative expenses | $36,301 |
| Contributions, gifts, grants paid | $5,385 |
| Total expenses and disbursements | $41,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,595 |
| Savings and temporary cash investments | $562,835 |
| 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 | $1,188,720 |
| Accounts payable and accrued expenses | $34,785 |
| 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 | $34,785 |
Grants Awarded
Over the last fiscal year, Xuejun And Andrea Chen Foundation has awarded $5,385 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE STANFORD FUND PURPOSE: EDUCATIONAL | $1,000 |
ORGANIZATION FOR SCIENTIFIC & ACADEMIC INTEGRITY IN CHINA PURPOSE: CHARITABLE | $2,000 |
HIGH SCHOOL AFFILIATED TO SOUTHWEST UNIVERSITY SCHOLARSHIP PURPOSE: EDUCATIONAL | $1,100 |
CHINESE AMERICAN ASSOCIATION OF LEXINGTON PURPOSE: CHARITABLE | $52 |
VISARTS PURPOSE: CHARITABLE | $100 |
SUNFLOWER OF PEACE FOUNDATION PURPOSE: CHARITABLE | $1,133 |