Simon And Ann Chen Foundation
- Assets
- $324.2k
- Revenue
- $67.3k
- Investments
- $315.9k
- Employees
- 0
- Location
- Lewes, DE
- Founding
- 08/2018
- Data as of
- 12/2021
- 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 12/2021, Simon And Ann Chen Foundation generated $67.3k in total revenue. All expenses for the organization totaled $28.4k during the year ending 12/2021. While expenses have increased by 12.4% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Chen Sec, Treas | 1 | $0 | |
Simon Ying Chen Director | 1 | $0 | |
Ann Chen Director | 1 | $0 | |
Emily Chen Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,216 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,966 |
| Capital Gain Net Income | $3,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,313 |
| 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 | $2,990 |
| Printing and publications | $0 |
| Other expenses | $4,786 |
| Total operating and administrative expenses | $8,676 |
| Contributions, gifts, grants paid | $19,750 |
| Total expenses and disbursements | $28,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,256 |
| 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 | $315,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $324,185 |
| 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 $19,750 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Monterey Park, CA PURPOSE: CHARITY | $5,000 |
ASIAN AMERICAN JOURNALISTS ASSOCIAT PURPOSE: CHARITY | $3,000 |
CAMM PURPOSE: CHARITY | $3,000 |
SIMPLY HELP FOUNDATION PURPOSE: CHARITY | $3,000 |
New York, NY PURPOSE: CREATION AND CULTIVATION OF ASIAN AMERICAN CREATIVE WRITING. | $2,000 |
Walnut, CA PURPOSE: CHARITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Atlantic Foundation Hamilton, NJ | $71,880,730 | $9,586,711 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Hyde And Watson Foundation Warren Township, NJ | $97,089,662 | $14,479,449 |
Horizon Charitable Foundation Inc Newark, NJ | $76,993,498 | $4,728,445 |
Margaret A@darrin Charitable Trust Florham Park, NJ | $119,124,221 | $14,435,367 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |