Pin-Wei & Grace Chen Charitable Foundation
- Assets
- $450.0k
- Revenue
- $62.4k
- Investments
- $405.9k
- Employees
- 0
- Location
- Monte Sereno, CA
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 77-0471801
Organization Overview
Pin-Wei & Grace Chen Charitable Foundation is located in Monte Sereno, CA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Pin-Wei & Grace Chen 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, Pin-Wei & Grace Chen Charitable Foundation generated $62.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $22.7k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR GENERAL CHARITABLE ORGANIZATIONS BENEFITTING THE COMMUNITY, INCLUDING RELATED ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Chen President | 1 | $0 | |
Pin-Wei Chen Sec'y/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,587 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,402 |
| Capital Gain Net Income | $41,402 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,723 |
| Total operating and administrative expenses | $16,931 |
| Contributions, gifts, grants paid | $5,742 |
| Total expenses and disbursements | $22,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,094 |
| 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 | $405,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $449,991 |
| 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, Pin-Wei & Grace Chen Charitable Foundation has awarded $5,742 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH PURPOSE: SCHOLARSHIPS | $1,200 |
YMCA PURPOSE: FELLOWSHIPS | $1,542 |
UCI RADIATION ONCOLOGY FUND PURPOSE: SCHOLARSHIPS | $3,000 |