Civic Intelligence

David and Lucy Chang Foundation

990PF • Fiscal year 2018 • EIN 81-2431898

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 08, 2019

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

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

2018 filings • <$500k nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.00x

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

2018 filings • <$500k nonprofits • Source year 2018

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2018 filings • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2018 filings • <$500k nonprofits • Source year 2018

Asset Growth

84th percentile

40%

Faster asset growth than 84% of similar nonprofits.

2018 filings • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

22%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$75,034

Up $21,431 (+40%) from 2017

Net Assets

Up

$75,034

Up $23,372 (+45%) from 2017

Liabilities

Down

$0

Down $1,941 (-100%) from 2017

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin83rd percentile

Revenue

Up

$73,077

Up $13,267 (+22%) from 2017

Expenses

Up

$51,646

Up $7,110 (+16%) from 2017

Net Income

Up

$21,431

Up $6,157 (+40%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$75,034
Liabilities$0
Net Assets$75,034
Open 2018 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$73,077
Expenses$51,646
Net Income$21,431
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 8, 2019
Return Version
2018v3.1
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David ChangPres / Director / Sec / Treas-$0--
Lucy ChangVP / Director-$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 Chang
Title
President
Phone
8008391754
Signed
2019-04-08
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
One Hollow Ln Ste 212, Lake Success, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix318 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.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0David Chang
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0CA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd092614
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd110023
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd237621
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd310024
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt045186
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt02585
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt02585
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt041583
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt030996
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0120053
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt047474
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt041583
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt030996
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02016
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02015
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02014
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt050059
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt047474
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0120053
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt072579
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Chang David
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0158 W 81st Street Apt 73
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0New York
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd010024
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt068038
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
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, 2018, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $45,186. This amount represents 25% or more of the Foundation's net assets of $51,222 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. 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 XV, 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/DisbursementsCharitablePrpsAmt04500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt050
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt04500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt150
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt225
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt01465
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Investment Management Services
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt01465
TaxesSchedule/TaxesDetail/Amt072
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Excise Tax for 2017
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID CHANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-08
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/FilingSecurityInformation/AtSubmissionCreationDeviceId08776116A3220F8F92B6869340FF540F084420A8B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08776116A3220F8F92B6869340FF540F084420A8B
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId006391520191275000105
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-07
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.187.244.114
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Success
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02019-05-08T13:41:10-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$75,034
Liabilities
$0
Net assets
$75,034
Revenue
$73,077
Expenses
$51,646
Net income
$21,431
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
2018Detailed filing. Detailed filing data is available for this year.$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