Daofeng & Angela Foundation Corporation
- Assets
- $21.9m
- Revenue
- $1.3m
- Investments
- $21.7m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-2371087
Organization Overview
Daofeng & Angela Foundation Corporation is located in Rockville, MD. 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. Daofeng & Angela Foundation Corporation 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, Daofeng & Angela Foundation Corporation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $993.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Daofeng & Angela Foundation Corporation has awarded 37 individual grants totaling $2,604,396. 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
ADVOCACY AND PRESERVATION OF THE ROOTS OF UNIVERSAL VALUES BY PUBLISHING THE HUMAN CALLING OVER 1500 COPIES DONATED OUT AND GIVING OVER 20 PRESENTATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dao Feng He President & Director | 20 | $0 | |
Angela He Director | 20 | $60,000 | |
Xuemei Feng Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $2,974 |
| Dividends & Interest | $17,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $738,355 |
| Capital Gain Net Income | $738,355 |
| Net ST Capital Gain | $2,000 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $130 |
| Total Revenue | $1,258,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $50,000 |
| Pension plans, employee benefits | $7,886 |
| Interest | $0 |
| Taxes | $5,971 |
| Depreciation | $12,032 |
| Occupancy | $26,177 |
| Travel, conferences, and meetings | $19,081 |
| Printing and publications | $166 |
| Other expenses | $30,653 |
| Total operating and administrative expenses | $303,542 |
| Contributions, gifts, grants paid | $689,638 |
| Total expenses and disbursements | $993,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,759 |
| 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 | $20,720,023 |
| Net Land, buildings, and equipment | $36,546 |
| Other assets | $10,559 |
| Total assets | $21,888,887 |
| Accounts payable and accrued expenses | $265,231 |
| 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 | $265,231 |
Grants Awarded
Over the last fiscal year, Daofeng & Angela Foundation Corporation has awarded $689,638 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CO CANAL TRUST PURPOSE: PRESERVATION OF C&O CANAL | $61,050 |
FLAGSTONE FOUNDATION CORP PURPOSE: RELIGION-RELATED CHARITABLE ACTIVITIES | $100,000 |
INTERNATIONAL LEADERSHIP FOUNDATION PURPOSE: PROMOTE THE CIVIC AWARENESS & INVOLVEMENT OF APA | $20,000 |
YOUNG AMERICAS FOUNDATION PURPOSE: YOUNG AMERICANS PROGRAMS | $100,000 |
CHINA FOLK HOUSE RETREAT PURPOSE: BUILDING A FOLK RETREAT CULTURAL EXCHANGE SITE | $90,000 |
AMBASSADORS FOR CHRIST PURPOSE: RELIGION-RELATED CHARITABLE ACTIVITIES | $75,000 |