Wei & Wang Family Foundation Inc
- Assets
- $964.7k
- Revenue
- $26.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chappaqua, NY
- Founding
- Data as of
- 12/2023
- EIN
- 86-3133026
Organization Overview
Wei & Wang Family Foundation Inc is located in Chappaqua, NY. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wei & Wang Family 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 12/2023, Wei & Wang Family Foundation Inc generated $26.1k 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 (71.8%) each year. All expenses for the organization totaled $114.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sichao Wei President | 2 | $0 | |
Jialan Wang CFO | 2 | $0 | |
Jeremy Wei Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $3,834 |
| 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 | $0 |
| Total Revenue | $26,108 |
| 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 | $38,965 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $204 |
| Printing and publications | $0 |
| Other expenses | $26,514 |
| Total operating and administrative expenses | $71,163 |
| Contributions, gifts, grants paid | $43,250 |
| Total expenses and disbursements | $114,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,483 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $204 |
| 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 | $959,004 |
| Other assets | $0 |
| Total assets | $964,691 |
| Accounts payable and accrued expenses | $2,589 |
| 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 | $2,589 |
Grants Awarded
Over the last fiscal year, Wei & Wang Family Foundation Inc has awarded $43,250 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HORACE GREELEY SCHOLARSHIP FUND INC PURPOSE: CHARITABLE | $100 |
PLEASANTVILLE PRESBYTERIAN CHURCH PURPOSE: CHARITABLE | $300 |
CARNEGIE MELLON UNIVERSITY PURPOSE: EDUCATIONAL | $20,000 |
THE MOUNT KISCO INTERFAITH FOOD PANTRY PURPOSE: CHARITABLE | $1,000 |
HORACE GREELEY SCHOLARSHIP FUND INC PURPOSE: CHARITABLE | $1,000 |
CHAPPAQUA VOLUNTEER AMBULANCE CORPS PURPOSE: CHARITABLE | $250 |