Civic Intelligence

Mitchell Chang Foundation

990 • Fiscal year 2021 • EIN 82-5209603

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 01, 2022

20079 Stone Oak Pkwy Ste 1105-414San Antonio, TX 78258

(210) 310-3342

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

96th percentile

84%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

94th percentile

192%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

66%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$413,223

Up $271,777 (+192%) from 2020

Net Assets

Up

$413,005

Up $273,586 (+196%) from 2020

Liabilities

Down

$218

Down $1,809 (-89%) from 2020

Revenue

Up

$323,877

Up $129,054 (+66%) from 2020

Expenses

Down

$50,291

Down $167,185 (-77%) from 2020

Net Income

Up

$273,586

Up $296,239 (+1308%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2018: $172,238Liabilities 2018: $0Net Assets 2018: $172,2382018Assets 2019: $162,072Liabilities 2019: $0Net Assets 2019: $162,0722019Assets 2020: $141,446Liabilities 2020: $2,027Net Assets 2020: $139,4192020Assets 2021: $413,223Liabilities 2021: $218Net Assets 2021: $413,0052021Assets 2022: $63,265Liabilities 2022: $299,999Net Assets 2022: -$236,7342022Assets 2023: $2,016,290Liabilities 2023: $910,252Net Assets 2023: $1,106,0382023Assets 2024: $1,497,135Liabilities 2024: $198,610Net Assets 2024: $1,298,5252024

Highlighted filing

2021

Assets$413,223
Liabilities$218
Net Assets$413,005

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2018: $266,846Expenses 2018: $94,608Net Income 2018: $172,2382018Revenue 2019: $86,297Expenses 2019: $96,463Net Income 2019: -$10,1662019Revenue 2020: $194,823Expenses 2020: $217,476Net Income 2020: -$22,6532020Revenue 2021: $323,877Expenses 2021: $50,291Net Income 2021: $273,5862021Revenue 2022: $324,759Expenses 2022: $974,498Net Income 2022: -$649,7392022Revenue 2023: $574,846Expenses 2023: $80,436Net Income 2023: $494,4102023Revenue 2024: $335,591Expenses 2024: $143,104Net Income 2024: $192,4872024

Highlighted filing

2021

Revenue$323,877
Expenses$50,291
Net Income$273,586
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 1, 2022
Return Version
2021v4.2
Gross Receipts
$323,877
Mission and Program Overview

Mission

The mitchell chang foundation honors the memory of mitchell chang, son of april chang and dr. Kuang-yu chang, who died at the age of three. The foundation's mission is to benefit community familes in mitchell's honor.

The mitchell chang foundation honors the memory of mitchell chang, son of april chang and dr. Kuang-yu chang, who died at age three. The foundation purchases and donates playground equipment to public parks and public and non-profit private schools in the san antonio metro area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$141,446$409,307▲ $267,861
Total Assets$141,446$413,223▲ $271,777
Other Assets Total$0$3,916▲ $3,916
Liabilities
Other Liabilities$2,027$218▼ $1,809
Total Liabilities$2,027$218▼ $1,809
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$139,419$413,005▲ $273,586
Total Net Assets Fund Balance$139,419$413,005▲ $273,586
Total Liabilities and Net Assets / Fund Balance$141,446$413,223▲ $271,777
Compensation and Service Providers

Board Members and Trustees

NameTitle
April ChangPresident
Dr Kuang-yu ChangVice President
Marcy RosenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$323,877
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$323,877
Change in Net Assets
$273,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$41,000--$41,000
Office Expenses$4,744--$4,744
Fees for Services Accounting$3,058--$3,058
Insurance$790--$790
Other Expenses$500--$500
Fees for Services Other$199--$199
Total Functional Expenses$50,291$0$0$50,291
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital One$218
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committees have authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

The board reviews the return with the preparer of the form 990.

Form 990, Part VI, Section B, Line 12C

The organization's officers disclose their business and other affiliations in the organization's minutes. The board on annual basis follows the provisions of the conflicts of interest policy as outlined: 7. Annual statements. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. 8. Periodic reviews. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. 9. Use of outside experts. When conducting the periodic reviews as provided for in section 7, the organization may, but need not, use outside advisors. If outside experts are used, their use shall riot relieve the governing board of its responsibility for ensuring periodic reviews are conducted.

Form 990, Part VI, Section C, Line 18

The public may request copies of governing documents and form 990 via the organization's website or written request.

Form 990, Part VI, Section C, Line 19

The public may request copies of governing documents and form 990 via the organization's website or written request.

Filing and Contact Details

Filer

Filer Name
The Mitchell Chang Foundation
EIN
82-5209603
Phone
2103103342
Address
20079 STONE OAK PKWY STE 1105-414, SAN ANTONIO, TX 78258

Signing Officer

Name
April Chang
Title
President
Phone
2103103342
Signed
2022-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
April Chang
Formed
2018
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
9901 IH-10 WEST STE 350, SAN ANTONIO, TX 78230
Preparer
Timothy Gilliam
Phone
2102987900
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The mitchell chang foundation did not produce or donate masks during 2021. It continued with its plan to build the inclusive playrgound mitchell's landing scheduled to open in fall of 2022 at the city of san antonio's newest public park the classen steubing ranch park.

Raw XML Appendix301 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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IRS990/ActivityOrMissionDesc0THE MITCHELL CHANG FOUNDATION HONORS THE MEMORY OF MITCHELL CHANG, SON OF APRIL CHANG AND DR. KUANG-YU CHANG, WHO DIED AT AGE THREE. THE FOUNDATION PURCHASES AND DONATES PLAYGROUND EQUIPMENT TO PUBLIC PARKS AND PUBLIC AND NON-PROFIT PRIVATE SCHOOLS IN THE SAN ANTONIO METRO AREA.
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IRS990/Desc0THE FOUNDATION IS CREATING PUBLIC AWARENESS AND SUPPORT FROM SAN ANTONIO DONORS TO BUILD MITCHELL'S LANDING, A PROJECTED 1.2 MILLION PLAYGROUND IN THE SAN ANTONIO PARK SYSTEM. THIS MEANS FEATURING INCLUSIVE PROPERTIES THAT EXCEED THE EXISTING ADA REQUIREMENTS. IT IS THE MITCHELL CHANG FOUNDATION'S GOAL THAT MITCHELL'S LANDING BE ON A NATIONAL REGISTRY FOR INCLUSIVE PLAYGROUNDS. AT MITCHELL'S LANDING, CHILDREN WITH DISABILITIES WILL BE ABLE TO PARTICIPATE IN ACTIVE PLAY TO A GREATER DEGREE THAN AT A TRADITIONAL PLAYGROUND. IT WILL ALSO BE A PLACE THAT PARENTS WHO HAVE DISABILITIES OR INJURIES CAN EASILY AND COMFORTABLY CREATE MEMORIES BY PLAYING WITH THEIR CHILDREN IN WAYS THEY PREVIOUSLY COULD NOT.
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IRS990/MissionDesc0THE MITCHELL CHANG FOUNDATION HONORS THE MEMORY OF MITCHELL CHANG, SON OF APRIL CHANG AND DR. KUANG-YU CHANG, WHO DIED AT THE AGE OF THREE. THE FOUNDATION PURCHASES AND DONATES PLAYGROUND EQUIPMENT TO PUBLIC PARKS AND PUBLIC AND NON-PROFIT PRIVATE SCHOOLS IN THE SAN ANTONIO METRO AREA.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MITCHELL CHANG FOUNDATION DID NOT PRODUCE OR DONATE MASKS DURING 2021. IT CONTINUED WITH ITS PLAN TO BUILD THE INCLUSIVE PLAYRGOUND MITCHELL'S LANDING SCHEDULED TO OPEN IN FALL OF 2022 AT THE CITY OF SAN ANTONIO'S NEWEST PUBLIC PARK THE CLASSEN STEUBING RANCH PARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE RETURN WITH THE PREPARER OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S OFFICERS DISCLOSE THEIR BUSINESS AND OTHER AFFILIATIONS IN THE ORGANIZATION'S MINUTES. THE BOARD ON ANNUAL BASIS FOLLOWS THE PROVISIONS OF THE CONFLICTS OF INTEREST POLICY AS OUTLINED: 7. ANNUAL STATEMENTS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. 8. PERIODIC REVIEWS. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. 9. USE OF OUTSIDE EXPERTS. WHEN CONDUCTING THE PERIODIC REVIEWS AS PROVIDED FOR IN SECTION 7, THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL RIOT RELIEVE THE GOVERNING BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PUBLIC MAY REQUEST COPIES OF GOVERNING DOCUMENTS AND FORM 990 VIA THE ORGANIZATION'S WEBSITE OR WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PUBLIC MAY REQUEST COPIES OF GOVERNING DOCUMENTS AND FORM 990 VIA THE ORGANIZATION'S WEBSITE OR WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323877
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0413223
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MITCHELL CHANG FOUNDATION
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY GILLIAM
ReturnHeader/ReturnTs02022-04-01T12:53:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0APRIL
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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