Civic Intelligence

David and Lucy Chang Foundation

EIN 81-2431898 • Wilmington, DE

Foundation Source 501 Silverside RdWilmington, DE 19809-1377
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

<$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

<$500k nonprofits • Source year 2024

Asset Growth

90th percentile

61%

Faster asset growth than 90% of similar nonprofits.

<$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

-5.5%

Faster revenue growth than 45% of similar nonprofits.

<$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$60,642

Up $22,911 (+61%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$60,642

Up $22,911 (+61%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin82nd percentile

Revenue

Down

$71,085

Down $4,099 (-5.5%) from 2023

Expenses

Down

$48,174

Down $15,347 (-24%) from 2023

Net Income

Up

$22,911

Up $11,248 (+96%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2017: $53,603Liabilities 2017: $1,941Net Assets 2017: $51,6622017Assets 2018: $75,034Liabilities 2018: $0Net Assets 2018: $75,0342018Assets 2019: $72,275Liabilities 2019: $1,562Net Assets 2019: $70,7132019Assets 2020: $26,110Liabilities 2020: $0Net Assets 2020: $26,1102020Assets 2021: $51,869Liabilities 2021: $0Net Assets 2021: $51,8692021Assets 2022: $26,068Liabilities 2022: $0Net Assets 2022: $26,0682022Assets 2023: $37,731Liabilities 2023: $0Net Assets 2023: $37,7312023Assets 2024: $60,642Liabilities 2024: $0Net Assets 2024: $60,6422024

Highlighted filing

2024

Assets$60,642
Liabilities$0
Net Assets$60,642
Open 2024 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2017: $59,810Expenses 2017: $44,536Net Income 2017: $15,2742017Revenue 2018: $73,077Expenses 2018: $51,646Net Income 2018: $21,4312018Revenue 2019: $65,228Expenses 2019: $69,549Net Income 2019: -$4,3212019Revenue 2020: $10,784Expenses 2020: $55,387Net Income 2020: -$44,6032020Revenue 2021: $31,026Expenses 2021: $8,917Net Income 2021: $22,1092021Revenue 2022: $47,145Expenses 2022: $72,946Net Income 2022: -$25,8012022Revenue 2023: $75,184Expenses 2023: $63,521Net Income 2023: $11,6632023Revenue 2024: $71,085Expenses 2024: $48,174Net Income 2024: $22,9112024

Highlighted filing

2024

Revenue$71,085
Expenses$48,174
Net Income$22,911
Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,642
Liabilities
$0
Net assets
$60,642
Revenue
$71,085
Expenses
$48,174
Net income
$22,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$60.6$0.00$60.6$71.1$48.2$22.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.7$0.00$37.7$75.2$63.5$11.7
2022Detailed filing. Detailed filing data is available for this year.$26.1$0.00$26.1$47.1$72.9$25.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.9$0.00$51.9$31.0$8.92$22.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.1$0.00$26.1$10.8$55.4$44.6
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.3$1.56$70.7$65.2$69.5$4.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.0$0.00$75.0$73.1$51.6$21.4
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.6$1.94$51.7$59.8$44.5$15.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.2
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David ChangDir, Pres, Sec, Treas-$0--
Lucy ChangDir, VP-$0--
Filing and Contact Details

Filer

Filer Name
David and Lucy Chang Foundation
EIN
81-2431898
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
David R Chang
Title
President
Phone
8008391754
Signed
2025-10-10
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix292 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1277
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm0ALAMOS GOLD INC
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IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstBOYAmt024973
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0David Chang
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Lucy Chang
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1Dir, VP
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt03410
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IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt057573
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt069131
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt03841
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt049116
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt064339
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt064339
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0224354
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt044693
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt057573
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt069131
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt03841
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt049116
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt048103
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt044693
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0288693
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0244000
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Chang David
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0175 W 90th St Apt 3B
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0New York
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd010024
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LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $40,300. This amount represents 25% or more of the Foundation's net assets of $45,178 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt07778
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt050
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt07778
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt150
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt225
TaxesSchedule/TaxesDetail/Amt021
TaxesSchedule/TaxesDetail/CategoryTxt0Foreign Tax Paid
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt021
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David R Chang
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0David and Lucy Chang Foundation
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0812431898
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02025-10-16T18:39:27-04:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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