Tawa Charitable Foundation
- Assets
- $1.7m
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Buena Park, CA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 71-1035371
Organization Overview
Tawa Charitable Foundation is located in Buena Park, CA. The organization was established in 2007. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Tawa Charitable 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, Tawa Charitable Foundation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $109.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tawa Charitable Foundation has awarded 39 individual grants totaling $304,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
2022 TAWA SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice T Chen Treasurer | 1 | $0 | |
Nancy Chen Ray President | 1 | $0 | |
Jonson I-Nien Chen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $902 |
| Dividends & Interest | $67,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,719 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15 |
| Total Revenue | $5,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,513 |
| Total operating and administrative expenses | $12,098 |
| Contributions, gifts, grants paid | $97,500 |
| Total expenses and disbursements | $109,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,690 |
| Savings and temporary cash investments | $1,450,998 |
| 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 | $1,666,688 |
| Accounts payable and accrued expenses | $313 |
| 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 | $313 |
Grants Awarded
Over the last fiscal year, Tawa Charitable Foundation has awarded $97,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TZU CHI FOUNDATION PURPOSE: CHARITABLE | $5,000 |
2022 TAWA SCHOLARSHIP PURPOSE: CHARITABLE | $9,000 |
ASIAN YOUTH CENTER PURPOSE: CHARITABLE | $10,000 |
CITY OF HOPE PURPOSE: CHARITABLE | $10,000 |
CHOC CHILDREN'S FOUNDATION PURPOSE: CHARITABLE | $10,000 |
BUENA PARK POLICE ASSOCIATION PURPOSE: CHARITABLE | $2,500 |