Teresa & Stephen Family Foundation
- Assets
- $3.2m
- Revenue
- $447.7k
- Investments
- $100.0k
- Employees
- 0
- Location
- Missouri City, TX
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 81-0741144
Organization Overview
Teresa & Stephen Family Foundation is located in Missouri City, TX. The organization was established in 2016. 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. Teresa & Stephen 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 12/2023, Teresa & Stephen Family Foundation generated $447.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $164.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Teresa & Stephen Family Foundation has awarded 90 individual grants totaling $612,200. 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 |
|---|---|---|---|
Sen-Heng Chen President | 2 | $0 | |
Li-Chin Chen Treasurer | 1 | $0 | |
Cindy Chen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $40,832 |
| Dividends & Interest | $6,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $74,825 |
| Net ST Capital Gain | $4,833 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $447,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,180 |
| Total operating and administrative expenses | $35,060 |
| Contributions, gifts, grants paid | $128,900 |
| Total expenses and disbursements | $163,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,145,830 |
| 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 | $1,343 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,247,173 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,425 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,425 |
Grants Awarded
Over the last fiscal year, Teresa & Stephen Family Foundation has awarded $128,900 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SUGAR LAND CHINESE BAPTIST CHURCH PURPOSE: CHARITABLE DONATION | $25,000 |
DOCTOR WITHOUT BORDERS PURPOSE: CHARITABLE DONATION | $10,000 |
BUDDHIST TZU-CHI FOUNDATION PURPOSE: CHARITABLE DONATION | $10,000 |
NATURAL RESOURCES DEFENSE COUNCIL PURPOSE: CHARITABLE DONATION | $6,000 |
TRUSTEES OF TUFTS COLLEGE INC PURPOSE: CHARITABLE DONATION | $5,000 |
CHUNG YUAN CHRISTIAN UNIVERSITY DEVELOPMENT FOUNDATION-NORTH AMERICA PURPOSE: CHARITABLE DONATION | $40,000 |