Chung Foundation
- Assets
- $1.8m
- Revenue
- $1.1m
- Investments
- $1.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 82-3760826
Organization Overview
Chung Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chung 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, Chung Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $362.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Chung Foundation has awarded 22 individual grants totaling $1,380,400. 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.
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 |
|---|---|---|---|
Leisle Chung Dir, Pres, Sec, Treas | 1 | $0 | |
Vinh Chung Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,033,656 |
| Interest on Savings | $849 |
| Dividends & Interest | $27,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,611 |
| Capital Gain Net Income | $238,660 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,126,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,207 |
| Printing and publications | $0 |
| Other expenses | $11,744 |
| Total operating and administrative expenses | $39,722 |
| Contributions, gifts, grants paid | $323,000 |
| Total expenses and disbursements | $362,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $311,420 |
| 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 | $1,813,619 |
| 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, Chung Foundation has awarded $323,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Federal Way, WA PURPOSE: RWANDA WASH AND CAMBODIA CHILD PROTECTION | $210,000 |
LUTHERAN SOCIAL SERVICE OF COLORADO - LUTHERAN FAM PURPOSE: RESETTLEMENT OF AFGHAN REFUGEES IN COLORADO SPRINGS | $100,000 |
OAK CREEK ELEMENTARY SCHOOL PURPOSE: STUDENT ACTIVITIES AT OAK CREEK ELEMENTARY | $2,000 |
BRADFORD ELEMENTARY PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
NORTHSIDE HIGH SCHOOL PURPOSE: COMPUTER FOR COLLEGE | $2,000 |
CARVER ELEMENTARY SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Alleghenies United Cerebral Palsy Johnstown, PA | $2,752,154 | $5,551,260 |
1889 Foundation Inc Johnstown, PA | $14,509,819 | $2,616,006 |
Christian Family Services Management Corporation New Wilmington, PA | $80,504,309 | $10,725,509 |
Methodist Home For Children Resources Philadelphia, PA | $3,677,128 | $2,957,972 |
Seeding The Future Foundation Wilmington, DE | $42,484,906 | $1,077,907 |
Bethany Childrens Home Inc Womelsdorf, PA | $29,165,168 | $5,769,357 |
Gemach Of Jackson Inc Jackson, NJ | $623,702 | $2,299,802 |
Houtz Family Foundation Inc Wilmington, DE | $23,339,571 | $2,288,398 |