Chou Family Foundation
- Assets
- $1.4m
- Revenue
- $239.0k
- Investments
- $999.3k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 62-1720872
Organization Overview
Chou Family Foundation is located in Raleigh, NC. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Chou Family 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, Chou Family Foundation generated $239.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $151.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chou Family Foundation has awarded 71 individual grants totaling $961,650. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chou Trustee | 1 | $0 | |
Alice Chou Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| Dividends & Interest | $31,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $201,882 |
| Capital Gain Net Income | $201,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,357 |
| Total Revenue | $239,043 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,060 |
| Depreciation | $0 |
| Occupancy | $750 |
| Travel, conferences, and meetings | $1,773 |
| Printing and publications | $0 |
| Other expenses | $55,707 |
| Total operating and administrative expenses | $71,176 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $151,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,779 |
| 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 | $871,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $349,880 |
| Total assets | $1,375,910 |
| 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, Chou Family Foundation has awarded $80,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHINA PARTNERSHIP PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
THE VERITAS FORUM INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
THE OCTET COLLABORATIVE INC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
ABIDE GATHERING INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
VETSTARTS INC PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |