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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrea Bai Chairman | 2 | $0 | |
Xuejun Chen Cochairman | 2 | $0 |
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 |
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 |