CHANG FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CHANG FAMILY FOUNDATION (EIN 35-2736371)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-04-03
IRS object ID
202510939349101006
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-04-03T07:54:25-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352736371EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Chang Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% CHARLES CHANGInCareOfNm
Business Name ControlCHANBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES CHANGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3104829248PhoneNum
Signature2025-03-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$281,220FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$25OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$25OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$100,025TotalRevAndExpnssAmt
Total Net Invst Incm$25TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,099OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$40OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$4,059OtherProfFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$11,144OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$11,144OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$15,243TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$40TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$15,203TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,904ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,904ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$23,147TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$40TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$23,107TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$76,878ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$204,342SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$281,220SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$281,220SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$204,342TotalAssetsBOYAmt
Total Assets EOY$281,220TotalAssetsEOYAmt
Total Assets EOYFMV$281,220TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$204,342RetainedEarningBOYAmt
Retained Earning EOY$281,220RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$204,342TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$281,220TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$204,342TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$281,220TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$204,342TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$76,878ExcessRevenueOverExpensesAmt
Subtotal$281,220SubtotalAmt
Tot Net Ast Or Fund Balances EOY$281,220TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$100ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$100TotalPaymentsAndCreditsAmt
Overpayment$100OverpaymentAmt
Applied To ES Tax$100AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1CHARLES CHANGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3104829248PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1580 Anton Blvd 223AddressLine1Txt
CityCosta MesaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92626ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Charles Chang
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir2.0$0$0$0
Chun Chang
Foundation Source 501 Silverside RdWilmingtonDE198091377Treas, Dir1.0$0$0$0
Jennifer Chang
Foundation Source 501 Silverside RdWilmingtonDE198091377VP, Dir1.0$0$0$0
Yunbao Liu
Foundation Source 501 Silverside RdWilmingtonDE198091377Sec, Dir1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$202,019AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$202,019TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$202,019AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,030CashDeemedCharitableAmt
Net Vl Noncharitable Assets$198,989NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,949MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,949MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$9,949DistributableBeforeAdjAmt
Distributable Before Ded$9,949DistributableBeforeDedAmt
Distributable As Adjusted$9,949DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$23,107ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$23,107QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,949DistributableAsAdjustedAmt
Undistributed Income PY$5,858UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Qualifying Distributions$23,107QualifyingDistributionsAmt
Applied To Year1$5,858AppliedToYear1Amt
Applied To Current Year$9,949AppliedToCurrentYearAmt
Remaining Distri From Corpus$7,300RemainingDistriFromCorpusAmt
Total Corpus$7,300TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$7,300ExcessDistriCyovToNextYrAmt
Excess From Current Year$7,300ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCharles ChangContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CATHY FUN FITNESS DANCE
3790 EL CAMINO REAL 1129PALO ALTOCA94306N/APCGeneral & Unrestricted$104
CENTRAL CHINESE CHRISTIAN CHURCH PALO ALTO
301 SAN ANTONIO RDPALO ALTOCA94306N/APCGeneral & Unrestricted$600
NEW HOPE CHINESE CANCER CARE FOUNDATION
500 E CALAVERAS BLVD STE 307MILPITASCA95035N/APCGeneral & Unrestricted$300
PRESIDENT & FELLOWS OF HARVARD COLLEGE
1350 MASSACHUSETTS AVE RM 371CAMBRIDGEMA02138N/APCGeneral & Unrestricted$250
PRESIDENT AND FELLOWS OF HARVARD COLLEGE
PO BOX 419209BOSTONMA02241N/APCGeneral & Unrestricted$300
SCORE FOUNDATION
712 H ST NEWASHINGTONDC20002N/ASO IGeneral & Unrestricted$1,000
SOAR FOUNDATION INC
PO BOX 2688HUNTINGTN STANY11746N/APCGeneral & Unrestricted$1,000
STARTOUT
FOUR EMBARCADERO CENTER STE 1400SAN FRANCISCOCA94111N/APCGeneral & Unrestricted$1,300
THE UCLA FOUNDATION
PO BOX 7145PASADENACA91109N/APCGeneral & Unrestricted$550
UNIVERSITY OF SOUTHERN CALIFORNIA
3551 TROUSDALE PKWY ADM 160LOS ANGELESCA90089N/APCGeneral & Unrestricted$1,000
WOMENS BUSINESS DEVELOPMENT CENTER
8 S MICHIGAN AVE STE 400CHICAGOIL60603N/APCGeneral & Unrestricted$1,300
YOUTH ENTREPRENEURS INC
4111 EAST 37TH ST N STE D101WICHITAKS67220N/APCGeneral & Unrestricted$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,904TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
Dividends And Interest From Sec DtlDividendsAndInterestFromSecDtl
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescBANK CHARGE REFUNDDesc
Exclusion01ExclusionCd
Exclusion$25ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$25ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$25TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonChang CharlesContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1580 Anton Blvd 223AddressLine1Txt
CityCosta MesaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92626ZIPCd
FieldValueIRS element (for citing)
Total Contributions$100,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$5,475$5,475
Administrative Set-Up Fee$5,000$5,000
OFFICE SUPPLIES$540$540
Postage/Delivery Service$104$104
State or Local Filing Fees$25$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescBank Charge RefundDesc
Revenue And Expenses Per Books$25RevenueAndExpensesPerBooksAmt
Net Investment Income$25NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Investment Management Services$40$40
PHILANTHROPIC CONSULTING SVCS$4,059$4,059

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