Chen-Lin Education & Culture Foundation Inc
- Assets
- $1.8m
- Revenue
- $606.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sandy Springs, GA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2945960
Organization Overview
Chen-Lin Education & Culture Foundation Inc is located in Sandy Springs, GA. The organization was established in 2019. 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. Chen-Lin Education & Culture Foundation Inc 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, Chen-Lin Education & Culture Foundation Inc generated $606.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $177.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 3 years. 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
CONTRIBUTION TO UNIVERSITY OF CALIFORNIA, IRVINE TO HELP ADVANCING HEARING RESEARCH.
CONTRIBUTION THE 2021 MUSIC FESTIVAL ORGANIZED BY ATLANTA FESTIVAL ACACEMY.
CONTRIBUTION TO WABE NPR RADIO FOR CHINESE NEW YEAR AND MID AUTUMN FESTIVAL.
CONTRIBUTION TO MAGIC EASTERN ENSEMBLE AT THE DOGWOOD FESTIVAL, ATLANTA, GA 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xi Lin CFO | 0 | $0 | |
Ping Chen CEO | 0 | $0 | |
Anne Lin Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $189,108 |
| Interest on Savings | $7 |
| Dividends & Interest | $39,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $378,161 |
| Capital Gain Net Income | $72,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $606,933 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $35,085 |
| Total operating and administrative expenses | $35,085 |
| Contributions, gifts, grants paid | $142,499 |
| Total expenses and disbursements | $177,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,554 |
| Savings and temporary cash investments | $1,782,609 |
| 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 | $1,843,163 |
| 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, Chen-Lin Education & Culture Foundation Inc has awarded $142,499 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA IRVINE PURPOSE: CHARITABLE | $100,000 |
Alpharetta, GA PURPOSE: CHARITABLE | $30,000 |
WABE NPR RADIO PURPOSE: CHARITABLE | $5,880 |
MAGIC EASTERN MUSIC PURPOSE: CHARITABLE | $4,000 |
USTC ALUMNI FOUNDATION PURPOSE: CHARITABLE | $2,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |