Civic Intelligence

David and Lucy Chang Foundation

990PF • Fiscal year 2019 • EIN 81-2431898

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 31, 2020

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

72nd percentile

0.02x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.02x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Net Margin

30th percentile

-6.6%

Higher net margin than 30% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

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.

2019 filings • <$500k nonprofits • Source year 2019

Asset Growth

37th percentile

-3.7%

Faster asset growth than 37% of similar nonprofits.

2019 filings • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

33rd percentile

-11%

Faster revenue growth than 33% of similar nonprofits.

2019 filings • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$72,275

Down $2,759 (-3.7%) from 2018

Net Assets

Down

$70,713

Down $4,321 (-5.8%) from 2018

Liabilities

Up

$1,562

Up $1,562 from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin30th percentile

Revenue

Down

$65,228

Down $7,849 (-11%) from 2018

Expenses

Up

$69,549

Up $17,903 (+35%) from 2018

Net Income

Down

-$4,321

Down $25,752 (-120%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2019

Assets$72,275
Liabilities$1,562
Net Assets$70,713
Open 2019 Filing

Operations Trend

Revenue Growth33rd 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

2019

Revenue$65,228
Expenses$69,549
Net Income-$4,321
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 31, 2020
Return Version
2019v5.1
Compensation and Service Providers
Top Officer Pay77th 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
2020-10-31
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 Appendix365 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
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Lucy Chang
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0Dir, Pres, Sec, Treas
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1NEW YORK
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2COLORADO SPGS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm3BRISTOL
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd337621
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd437621
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd510024
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd690275
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd760614
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt03095
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt03095
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt047474
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt041583
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt030996
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0184392
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt064339
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt047474
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt041583
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt030996
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IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02016
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02015
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt067434
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt064339
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0184392
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0120053
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/TotalContributionsAmt065000
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, 2019, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $55,421. This amount represents 25% or more of the Foundation's net assets of $59,076 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2019. 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/Desc2Computers/Electronic Devices
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Office Supplies
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4Postage/Delivery Service
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05069
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1184
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2217
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt364
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt425
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt050
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05069
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt150
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2184
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt3217
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt464
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt525
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0OUTSTANDING OPTIONS
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt01562
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt02059
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Investment Management Services
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt02059
TaxesSchedule/TaxesDetail/Amt06
TaxesSchedule/TaxesDetail/CategoryTxt0Foreign Tax Paid
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt06
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID R CHANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-31
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/AtSubmissionCreationDeviceId02E580382B6EC9A3FAB9C3255FF56957C9676C3F6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E515D0965B869FF508796E5476410F6D857E7743
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId006391520203095000012
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-04
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.82.234.252
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/ReturnTs02020-11-04T15:34:56-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$72,275
Liabilities
$1,562
Net assets
$70,713
Revenue
$65,228
Expenses
$69,549
Net income
-$4,321
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
2019Detailed filing. Detailed filing data is available for this year.$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