Min And Haifeng Chen Foundation
- Assets
- $2.2m
- Revenue
- $462.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Tomball, TX
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-4421822
Organization Overview
Min And Haifeng Chen Foundation is located in Tomball, TX. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public 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. Min And Haifeng 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, Min And Haifeng Chen Foundation generated $462.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $138.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Min And Haifeng Chen Foundation has awarded 60 individual grants totaling $489,053. 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 |
|---|---|---|---|
Min Chen CEO | 0 | $0 | |
Haifeng Chen Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,263 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,287 |
| Capital Gain Net Income | $38,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $462,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,232 |
| Total operating and administrative expenses | $6,224 |
| Contributions, gifts, grants paid | $131,960 |
| Total expenses and disbursements | $138,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,898 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,989,442 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $2,170,253 |
| 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, Min And Haifeng Chen Foundation has awarded $131,960 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CFCC HAYWARD PURPOSE: CHARITY | $12,160 |
COMPREHENSIVE ACTION NETWORK INC PURPOSE: CHARITY | $1,000 |
CHRISTIAN COMMUNICATION INC PURPOSE: CHARITY | $2,000 |
CHRISTIAN WITNESS THEOLOGICAL SEMIN PURPOSE: CHARITY | $100,000 |
CHINA SOUL FOR CHRIST FOUNDATION PURPOSE: CHARITY | $4,000 |
KINGDOM LIFE CHRIST CHURCH OAKLAND PURPOSE: CHARITY | $4,000 |