Thomas & Margaret Tan Family Foundation
- Assets
- $678.7k
- Revenue
- $69.0k
- Investments
- $649.4k
- Employees
- 0
- Location
- Hillsborough, CA
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 94-3381136
Organization Overview
Thomas & Margaret Tan Family Foundation is located in Hillsborough, CA. The organization was established in 2001. 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. Thomas & Margaret Tan 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 12/2022, Thomas & Margaret Tan Family Foundation generated $69.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $53.6k during the year ending 12/2022. While expenses have increased by 8.8% 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 2020, Thomas & Margaret Tan Family Foundation has awarded 24 individual grants totaling $113,500. 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 |
|---|---|---|---|
Ernest P Tan President | 0 | $0 | |
Christina L Tan CFO | 0 | $0 | |
Cathy Ling Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,684 |
| Interest on Savings | $3 |
| Dividends & Interest | $15,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,768 |
| Capital Gain Net Income | $5,768 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $871 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,222 |
| Total operating and administrative expenses | $8,578 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $53,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,375 |
| 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 | $649,362 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $678,737 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,500 |
| 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 | $2,500 |
Grants Awarded
Over the last fiscal year, Thomas & Margaret Tan Family Foundation has awarded $45,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: UNRESTRICTED GRANT FOR EDUCATION PURPOSES. | $12,000 |
BELLARMINE COLLEGE PREPARATORY PURPOSE: UNRESTRICTED GRANT FOR EDUCATION PURPOSES. | $3,500 |
HILLSBOROUGH BEAUTIFICATION FOUNDAT PURPOSE: UNRESTRICTED GRANT FOR GENERAL PUBLIC PURPOSES. | $1,000 |
COLGATE UNIVERSITY PURPOSE: UNRESTRICTED GRANT FOR EDUCATION PURPOSES. | $10,000 |
UCSF BENIOFF CHILDREN'S HOSPITAL PURPOSE: UNRESTRICTED GRANT RELATED TO CANCER CARE FOR CHILDREN | $2,000 |
ADDICTION ED SOCIETY PURPOSE: UNRESTRICTED GRANT FOR EDUCATION PURPOSE | $1,000 |