Simon And Ann Chen Foundation
- Assets
- $351.7k
- Revenue
- $62.2k
- Investments
- $345.0k
- Employees
- 0
- Location
- Lewes, DE
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-3101408
Organization Overview
Simon And Ann Chen Foundation is located in Lewes, DE. The organization was established in 2018. 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. Simon And Ann Chen 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, Simon And Ann Chen Foundation generated $62.2k in total revenue. All expenses for the organization totaled $34.7k during the year ending 12/2022. While expenses have increased by 14.3% per year over the past 5 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Ying Chen Director | 1 | $0 | |
Ann Chen Director | 1 | $0 | |
Emily Chen Dir, Pres | 1 | $0 | |
Eric Chen Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,177 |
| Interest on Savings | $11 |
| Dividends & Interest | $6,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,362 |
| Capital Gain Net Income | $5,362 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,209 |
| 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 | $2,533 |
| Printing and publications | $0 |
| Other expenses | $5,148 |
| Total operating and administrative expenses | $8,581 |
| Contributions, gifts, grants paid | $26,100 |
| Total expenses and disbursements | $34,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,692 |
| 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 | $345,021 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $351,713 |
| 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, Simon And Ann Chen Foundation has awarded $26,100 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY KEEPERS INC PURPOSE: CHARITY | $2,000 |
THE HUNTINGTON LIBRARY PURPOSE: ART COLLECTIONS & BOTANICAL GARDENS | $1,350 |
INTERNATIONAL CULTURE EXCHANGE ASSO PURPOSE: CHARITY | $2,000 |
KIWANIS CLUB OF MONTEREY PARK PURPOSE: CHARITY | $750 |
THE CENTER FOR ASIA AMERICAN MEDIA PURPOSE: CHARITY | $5,000 |
KUNDIMAN PURPOSE: CREATION AND CULTIVATION OF ASIAN AMERICAN CREATIVE WRITING. | $2,500 |