Dennis Ming-Hong Chen Foundation
- Assets
- $820.3k
- Revenue
- $23.3k
- Investments
- $494.0k
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 83-0395660
Organization Overview
Dennis Ming-Hong Chen Foundation is located in Sugar Land, TX. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dennis Ming-Hong 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 12/2023, Dennis Ming-Hong Chen Foundation generated $23.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $47.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dennis Ming-Hong Chen Foundation has awarded 97 individual grants totaling $206,296. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN BODHI CENTER INC
TEXAS BUDDHIST ASSOCIATION INC
EANES EDUCATION FOUNDATION
GENERATION SERVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue J Chen President | 10 | $0 | |
Sam S Chen Treasurer | 10 | $0 | |
Thomas Chen Secretary | 10 | $0 | |
Michael Chen Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,542 |
| Dividends & Interest | $15,609 |
| 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 | $5,162 |
| Total Revenue | $23,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,002 |
| Total operating and administrative expenses | $4,297 |
| Contributions, gifts, grants paid | $43,326 |
| Total expenses and disbursements | $47,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $628 |
| Savings and temporary cash investments | $325,602 |
| 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 | $232,414 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $820,274 |
| 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, Dennis Ming-Hong Chen Foundation has awarded $43,326 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS PURPOSE: CREATE EQUITABLE LEARNING ENVIRONMENTS THAT BENEFIT AND SUPPORT ALL STUDENTS. | $1,375 |
TEXAS BUDDHIST ASSOCIATION INC PURPOSE: RELIGIOUS ACTIVITIES AND BUILDING FUND | $1,600 |
UT AUSTIN PURPOSE: STUDENT SUCCESS EXCELLENCE FUND | $200 |
EANES SCHOOL PURPOSE: SUPPORTING ISD | $4,450 |
SJGREN'S FOUNDATION PURPOSE: SUPPORTING INNOVATIVE RESEARCH | $500 |
ALZHEIMER'S ASSOCIATION PURPOSE: SUPPORTING REARCH, ENDIND ALZHEIMERS | $500 |