Dca Chen Private Foundation
- Assets
- $2.1m
- Revenue
- $313.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Monterey Park, CA
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-3084353
Organization Overview
Dca Chen Private Foundation is located in Monterey Park, CA. The organization was established in 2015. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dca Chen Private 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, Dca Chen Private Foundation generated $313.7k in total revenue. All expenses for the organization totaled $83.6k during the year ending 12/2022. While expenses have increased by 45.6% per year over the past 7 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 2019, Dca Chen Private Foundation has awarded 34 individual grants totaling $239,100. 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
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, EDUCATIONAL AND PUBLIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SPECIFIC PURPOSE OF THIS CORPORATION SHALL BE TO (I) RECEIVE, ACQUIRE, HOLD, MANAGE, ADMINISTER AND EXPEND PROPERTY AND FUNDS IN FURTHERANCE OF THE AFORESAID PURPOSES, AS THE BOARD OF DIRECTORS OF THIS CORPORATION SHALL FROM TIME TO TIME DETERMINE (II) ASSIST AND SUPPORT, WITHIN THE DISCRETION OF THE BOARD OF DIRECTORS, INSTITUTIONS, ORGANIZATIONS, ASSOCIATIONS, TRUSTS, GOVERNMENTAL ENTITIES AND UNDERTAKINGS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, (III) ENGAGE IN, CARRY ON, AND CONDUCT CHARITABLE, EDUCATIONAL, CULTURAL, MEDICAL AND HUMANE PROGRAMS AND SERVICES, INCLUDIN, WITHOUT LIMITATION, PROVISION OF MEDICAL RELATED ASSISTANCE TO THE PUBLIC, AND (IV) DELIVER AND HOLD LECTURES, EXHIBITIONS, PUBLIC MEETINGS AND CONFERENCES, CALCULATED DIRECTLY OR INDIRECTLY TO ADVANCE THE CAUSE OF HEALTH IMPR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cp Chen CEO | 2 | $0 | |
Annie Yi-Ni Chen Secretary & Dir | 2 | $0 | |
Chou-Er Chen CFO & Director | 2 | $0 | |
Christian Lai Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,375 |
| Interest on Savings | $13,604 |
| Dividends & Interest | $23,967 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,956 |
| Capital Gain Net Income | $14,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,805 |
| Total Revenue | $313,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $231 |
| Taxes | $1,218 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $23,569 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $83,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,150 |
| 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 | $1,272 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,582,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,326 |
| Total assets | $2,147,571 |
| 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, Dca Chen Private Foundation has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HOPE PURPOSE: CHARITABLE PURPOSE | $20,000 |
YOU LEAD FOUNDATION PURPOSE: CHARITABLE PURPOSE | $20,000 |
TAIWANESE AMERICAN SCHOLARSHIP FUND PURPOSE: CHARITABLE PURPOSE | $20,000 |