Fang Family Foundation
- Assets
- $6.9m
- Revenue
- $590.4k
- Investments
- $6.9m
- Employees
- 0
- Location
- Bountiful, UT
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 87-0643999
Organization Overview
Fang Family Foundation is located in Bountiful, UT. The organization was established in 2000. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fang Family 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, Fang Family Foundation generated $590.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $343.4k during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fang Family Foundation has awarded 37 individual grants totaling $660,279. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
CONTRIBUTIONS TO OTHER CHARITIES AND CHARITABLE FOUNDATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Fang Vice President | 10 | $24,000 | |
Theresa S Fang President | 1 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,114 |
| Interest on Savings | $26 |
| Dividends & Interest | $107,788 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $449,386 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,067 |
| Total Revenue | $590,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $96 |
| Taxes | $1,836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,032 |
| Total operating and administrative expenses | $94,764 |
| Contributions, gifts, grants paid | $248,674 |
| Total expenses and disbursements | $343,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $6,883,889 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,883,889 |
| 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, Fang Family Foundation has awarded $248,674 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: SCHOLARSHIPS | $120,000 |
ROWLAND HALL PURPOSE: SCHOLARSHIP | $110,000 |
Sandy, UT PURPOSE: CONTRIBUTION | $6,171 |
UNIVERSITY OF UTAH PURPOSE: CONTRIBUTION | $5,263 |
THE OFF BROADWAY THEATER PURPOSE: CONTRIBUTION | $3,000 |
NATURAL HISTORY MUSEUM OF UTAH PURPOSE: CONTRIBUTION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaizen Educational Foundation Phoenix, AZ | $53,687,317 | $45,601,979 |
Days Of 47 Rodeo Salt Lake Salt Lake City, UT | $973,700 | $2,883,877 |
Fox Family Foundation Denver, CO | $12,191,378 | $91,435 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |
Boulder County Arts Alliance Inc Boulder, CO | $1,719,449 | $738,914 |
National Historical Fire Foundation Scottsdale, AZ | $8,615,941 | $1,144,063 |
Idaho Heritage Trust Incorporated Boise, ID | $17,430,404 | $627,633 |
Robison Foundation Salt Lake City, UT | $551,867 | $8,508 |
Arthur F And Alice E Adams Supporting Foundation Las Vegas, NV | $2,299,452 | $290,386 |
Scientific And Culturalcollaborative Denver, CO | $427,147 | $436,776 |
Fang Family Foundation Bountiful, UT | $6,883,889 | $590,381 |
American Friends Of Outset Inc Jackson, WY | $137,884 | $302,923 |