Charles Huang Foundation
- Assets
- $53.1m
- Revenue
- $842.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3792004
Organization Overview
Charles Huang Foundation is located in Pasadena, CA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles Huang Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Charles Huang Foundation has awarded 13 individual grants totaling $109,996,760. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weining Chris Mao President | 30 | $0 | |
Jane Wang CFO & Secretary | 1.5 | $0 | |
Charles Huang Chairman/director | 1 | $0 | |
Chuantao Ct Wang Vice Chairman | 3.7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Belknap Webb & Tyle | 12/30/21 | $64,143 |
Deloitte | 12/30/21 | $51,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,750 |
| Interest on Savings | $372,501 |
| 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 | $468,426 |
| Total Revenue | $842,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,250 |
| Total operating and administrative expenses | $128,775 |
| Contributions, gifts, grants paid | $19,031,600 |
| Total expenses and disbursements | $19,160,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132,291 |
| Savings and temporary cash investments | $21,013,117 |
| 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 | $30,918,385 |
| Total assets | $53,063,793 |
| Accounts payable and accrued expenses | $13,164 |
| Grants payable | $15,580,000 |
| 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 | $15,593,164 |
Grants Awarded
Over the last fiscal year, Charles Huang Foundation has awarded $59,947,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
METHODIST HOSPITAL FOUNDATION PURPOSE: GENERAL | $4,000,000 |
CHINESE HOSPITAL ASSOCIATION PURPOSE: GENERAL | $5,000,000 |
UCLA FOUNDATION FOR RESEARCH FUND PURPOSE: GENERAL | $500,000 |
WEBB SCHOOL PURPOSE: GENERAL | $1,000,000 |
CHINESE COMMUNITY HEALTH RESOURCE CENTER PURPOSE: GENERAL | $500 |
TRACK & SHARE PURPOSE: GENERAL | $500 |