Nguyen And Chao Family Foundation
- Assets
- $173.9k
- Revenue
- $28.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 08/2018
- Data as of
- 11/2021
- EIN
- 82-3680861
Organization Overview
Nguyen And Chao Family Foundation is located in Menlo Park, CA. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Nguyen And Chao 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 11/2021, Nguyen And Chao Family Foundation generated $28.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $958.0 during the year ending 11/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NGUYEN CHAO FAMILY FOUNDATION FUNDED TRIPS OF VOLUNTEERS TRAVEL TO ELEMENTARY SCHOOLS IN CHINA REMOTE VILLAGES TO BUILD BOOK CORNERS AND ESTABLISH LIBRARIES IN 8 SCHOOLS. TRIP WAS CANCELLED DUE TO COVID 19.
WEEKLY PLANNING MEETINGS AND PLANNING COUPLE LARGE EVENTS WITH ONE MEDICAL MISSION TO AFRICA AND ONE POSSIBLE TEACHING TRIP TO VIETNAM IN THE COMING YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Z Chao CEO | 7 | $0 | |
Khanh D Nguyen CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,746 |
| Total Revenue | $28,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $748 |
| Total operating and administrative expenses | $758 |
| Contributions, gifts, grants paid | $200 |
| Total expenses and disbursements | $958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,884 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $173,884 |
| Accounts payable and accrued expenses | $100,000 |
| 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 | $100,000 |
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