Civic Intelligence

Chuang'S Foundation

990 • Fiscal year 2023 • EIN 94-3053089

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 02, 2024

Organization ProfileN/A

View Organization Page

1230 Miramonte AveLos Altos, CA 94024

(408) 666-1338

Siviq Scores

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

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.12x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

88th percentile

42%

Higher net margin than 88% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

47th percentile

2.7%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$524,182

Up $13,621 (+2.7%) from 2022

Net Assets

Up

$522,582

Up $13,621 (+2.7%) from 2022

Liabilities

Flat

$1,600

Flat from 2022

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin88th percentile

Revenue

Up

$13,863

Up $23,598 (+242%) from 2022

Expenses

Up

$7,975

Up $6,120 (+330%) from 2022

Net Income

Up

$5,888

Up $17,478 (+151%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$600K$400K$200K$0Assets 2011: $375,963Liabilities 2011: $2,6192011Assets 2012: $372,083Liabilities 2012: $2,6192012Assets 2013: $490,169Liabilities 2013: $6192013Assets 2014: $490,288Liabilities 2014: $2,0192014Assets 2015: $494,575Liabilities 2015: $3,349Net Assets 2015: $491,2262015Assets 2016: $494,135Liabilities 2016: $3,349Net Assets 2016: $490,7862016Assets 2017: $486,571Liabilities 2017: $1,400Net Assets 2017: $485,1712017Assets 2018: $484,091Liabilities 2018: $2,5492018Assets 2019: $498,384Liabilities 2019: $1,600Net Assets 2019: $496,7842019Assets 2020: $499,549Liabilities 2020: $1,600Net Assets 2020: $497,9492020Assets 2021: $521,317Liabilities 2021: $1,600Net Assets 2021: $519,7172021Assets 2022: $510,561Liabilities 2022: $1,600Net Assets 2022: $508,9612022Assets 2023: $524,182Liabilities 2023: $1,600Net Assets 2023: $522,5822023Assets 2024: $542,333Liabilities 2024: $1,900Net Assets 2024: $540,4332024

Highlighted filing

2023

Assets$524,182
Liabilities$1,600
Net Assets$522,582
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0-$50KRevenue 2011: -$901Expenses 2011: $16,550Net Income 2011: -$17,4512011Revenue 2012: $6,219Expenses 2012: $11,355Net Income 2012: -$5,1362012Revenue 2013: $130,868Expenses 2013: $10,782Net Income 2013: $120,0862013Revenue 2014: $24,640Expenses 2014: $25,921Net Income 2014: -$1,2812014Revenue 2015: $16,895Expenses 2015: $13,938Net Income 2015: $2,9572015Revenue 2016: $30,294Expenses 2016: $19,889Net Income 2016: $10,4052016Revenue 2017: $16,165Expenses 2017: $23,177Net Income 2017: -$7,0122017Revenue 2018: $15,535Expenses 2018: $18,871Net Income 2018: -$3,3362018Revenue 2019: $30,142Expenses 2019: $20,752Net Income 2019: $9,3902019Revenue 2020: $20,308Expenses 2020: $14,257Net Income 2020: $6,0512020Revenue 2021: $21,070Expenses 2021: $1,383Net Income 2021: $19,6872021Revenue 2022: -$9,735Expenses 2022: $1,855Net Income 2022: -$11,5902022Revenue 2023: $13,863Expenses 2023: $7,975Net Income 2023: $5,8882023Revenue 2024: $27,246Expenses 2024: $9,395Net Income 2024: $17,8512024

Highlighted filing

2023

Revenue$13,863
Expenses$7,975
Net Income$5,888
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 2, 2024
Return Version
2023v5.0
Gross Receipts
$62,523
Mission and Program Overview

Mission

To promote cultural activities, medical education and charity work. The founder of the foundation passed away in 2016. The board decided to rent out a facility in modesto. The facility was used by founder to host chinese medicine education and clinical treatment center. It is the decision of the board that the rent received excluding all rental related expenses will be used to support the exempt purpose of the foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$116,299$274,268▲ $157,969
Land, Buildings, and Equipment, Net$140,984$136,465▼ $4,519
Savings and Temporary Cash Investments$253,278$113,449▼ $139,829
Total Assets$510,561$524,182▲ $13,621
Liabilities
Other Liabilities$1,600$1,600→ $0
Total Liabilities$1,600$1,600→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$508,961$522,582▲ $13,621
Total Net Assets Fund Balance$508,961$522,582▲ $13,621
Total Liabilities and Net Assets / Fund Balance$510,561$524,182▲ $13,621

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$88,132$39,144$127,276
Land$48,333-$48,333
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
King ChuangDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,184
Other Revenue
$9,679
Change in Net Assets
$5,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,000
Other Expenses$975
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,000--$5,000
Grants to Domestic Individuals$2,000--$2,000
Fees for Services Accounting-$800-$800
Fees for Service Investment Mgmnt Fees-$175-$175
Total Functional Expenses$7,000$975$0$7,975
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
Tenant Deposiit$1,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
CHUANG'S FOUNDATION
EIN
94-3053089
Phone
4086661338
Address
1230 MIRAMONTE AVE, LOS ALTOS, CA 94024

Signing Officer

Name
King Chuang
Title
Director
Phone
4086661338
Signed
2024-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
King Chuang
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Shihche Lo
Address
1190 SARATOGA AVE STE 240, SAN JOSE, CA 95129
Preparer
Shihche Lo
Phone
4086662435
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote cultural activities, medical education and charity work. The founder of the foundation passed away in 2016. The board decided to rent out a facility in modesto. The facility was used by founder to host chinese medicine education and clinical treatment center. It is the decision of the board that the rent received excluding all rental related expenses will be used to support the exempt purpose of the foundation.”

Form 990, Page 2, Part III, Line 4D

“To support charity organization to do similar activities of our mission. To promote cultural activities, medical education and charity work.”

Form 990, Part XI, Line 9

“Unrealized gain/loss 7,733”

Raw XML Appendix287 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/LoanOutstandingInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt07733
IRS990/OtherLiabilitiesGrp/BOYAmt01600
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IRS990/PartialLiquidationInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SERVICES AND DEVELOPMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE CULTURAL ACTIVITIES, MEDICAL EDUCATION AND CHARITY WORK. THE FOUNDER OF THE FOUNDATION PASSED AWAY IN 2016. THE BOARD DECIDED TO RENT OUT A FACILITY IN MODESTO. THE FACILITY WAS USED BY FOUNDER TO HOST CHINESE MEDICINE EDUCATION AND CLINICAL TREATMENT CENTER. IT IS THE DECISION OF THE BOARD THAT THE RENT RECEIVED EXCLUDING ALL RENTAL RELATED EXPENSES WILL BE USED TO SUPPORT THE EXEMPT PURPOSE OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO SUPPORT CHARITY ORGANIZATION TO DO SIMILAR ACTIVITIES OF OUR MISSION. TO PROMOTE CULTURAL ACTIVITIES, MEDICAL EDUCATION AND CHARITY WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED GAIN/LOSS 7,733
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum04086661338
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHUANG'S FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHUA
ReturnHeader/Filer/EIN0943053089
ReturnHeader/Filer/PhoneNum04086661338
ReturnHeader/Filer/USAddress/AddressLine1Txt01230 MIRAMONTE AVE
ReturnHeader/Filer/USAddress/CityNm0LOS ALTOS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094024
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0625634910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHIHCHE LO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01190 SARATOGA AVE STE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JOSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095129
ReturnHeader/PreparerPersonGrp/PhoneNum04086662435
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHIHCHE LO
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-04-07T22:51:39-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KING
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHUANG
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$524,182
Liabilities
$1,600
Net assets
$522,582
Revenue
$13,863
Expenses
$7,975
Net income
$5,888
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.42$0.02$5.40$0.27$0.09$0.18
2023Detailed filing. Detailed filing data is available for this year.$5.24$0.02$5.23$0.14$0.08$0.06
2022Detailed filing. Detailed filing data is available for this year.$5.11$0.02$5.09$0.10$0.02$0.12
2021Detailed filing. Detailed filing data is available for this year.$5.21$0.02$5.20$0.21$0.01$0.20
2020Detailed filing. Detailed filing data is available for this year.$5.00$0.02$4.98$0.20$0.14$0.06
2019Detailed filing. Detailed filing data is available for this year.$4.98$0.02$4.97$0.30$0.21$0.09
2018Summary only. Only limited summary data is available for this year.$4.84$0.03$0.16$0.19$0.03
2017Detailed filing. Detailed filing data is available for this year.$4.87$0.01$4.85$0.16$0.23$0.07
2016Detailed filing. Detailed filing data is available for this year.$4.94$0.03$4.91$0.30$0.20$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.95$0.03$4.91$0.17$0.14$0.03
2014Summary only. Only limited summary data is available for this year.$4.90$0.02$0.25$0.26$0.01
2013Summary only. Only limited summary data is available for this year.$4.90$0.01$1.31$0.11$1.20
2012Summary only. Only limited summary data is available for this year.$3.72$0.03$0.06$0.11$0.05
2011Summary only. Only limited summary data is available for this year.$3.76$0.03$0.01$0.17$0.17