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Jmm Charitable Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$148M (2022)

Expenses
$13.8M (2022)

Total Assets
$251M (2022)

Total Liabilities
$4.1M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$147,553,111
Expenses
$13,832,381
Net Income
$133,720,730
Net Assets
$246,917,460
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $145,000,000
98.3%
Interest Revenue $0
Dividends $1,995,091
1.4%
Sales of Assets $558,020
0.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,484,340
25.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $251,016,866
Total Liabilities $4,099,406
Net Assets $246,917,460
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President) $0 $0
Shirley W Wang (Director) $0 $0
John Mai Thru 123118 (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$79,833,369
Expenses
$587,831
Net Income
$79,245,538
Net Assets
$113,076,336
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $75,000,000
93.9%
Interest Revenue $0
Dividends $1,758,102
2.2%
Sales of Assets $3,075,267
3.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,839,222
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $120,324,567
Total Liabilities $7,248,231
Net Assets $113,076,336
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President) $0 $0
Shirley W Wang (Director) $0 $0
John Mai Thru 123118 (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,142,497
Expenses
$11,828,325
Net Income
-$685,828
Net Assets
$33,830,798
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,000,000
89.7%
Interest Revenue $0
Dividends $888,735
8.0%
Sales of Assets $253,762
2.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,677,035
22.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $43,592,731
Total Liabilities $9,761,933
Net Assets $33,830,798
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President) $0 $0
Shirley W Wang (Director) $0 $0
John Mai Thru 123118 (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,242,712
Expenses
$2,364,224
Net Income
$8,878,488
Net Assets
$31,605,303
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,010,000
89.0%
Interest Revenue $0
Dividends $365,220
3.2%
Sales of Assets $831,329
7.4%
Other Income $36,163
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,231,000
52.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $32,591,987
Total Liabilities $986,684
Net Assets $31,605,303
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President) $0 $0
Shirley W Wang (Director) $0 $0
John Mai Thru 123118 (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,938,476
Expenses
$548,322
Net Income
$10,390,154
Net Assets
$20,567,983
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,000,000
91.4%
Interest Revenue $0
Dividends $154,581
1.4%
Sales of Assets $220,854
2.0%
Other Income $563,041
5.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $503,038
91.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $20,567,983
Total Liabilities $0
Net Assets $20,567,983
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President) $0 $0
Shirley W Wang (Director) $0 $0
John Mai Thru 123118 (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$465,198
Expenses
$390,593
Net Income
$74,605
Net Assets
$11,554,799
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $116,161
25.0%
Sales of Assets $262,509
56.4%
Other Income $86,528
18.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $350,000
89.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,554,799
Total Liabilities $0
Net Assets $11,554,799
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President, Director) $0 $0
Shirley W Wang (Director) $0 $0
John Mai (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$256,992
Expenses
$547,906
Net Income
-$290,914
Net Assets
$10,431,234
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $99,658
38.8%
Sales of Assets $76,154
29.6%
Other Income $81,180
31.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $478,180
87.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,431,234
Total Liabilities $0
Net Assets $10,431,234
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President, Director) $0 $0
Shirley W Wang (Director) $0 $0
John Mai (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,002,561
Expenses
$235,456
Net Income
$767,105
Net Assets
$10,722,148
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $177,115
17.7%
Sales of Assets $465,611
46.4%
Other Income $359,835
35.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $176,813
75.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,722,148
Total Liabilities $0
Net Assets $10,722,148
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President, Director) $0 $0
Shirley W Wang (Director) $0 $0
John Mai (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,764,895
Expenses
$2,153,651
Net Income
-$388,756
Net Assets
$9,955,043
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $120,026
6.8%
Sales of Assets $1,473,247
83.5%
Other Income $171,622
9.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,118,939
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,955,043
Total Liabilities $0
Net Assets $9,955,043
Compensation
Key Employees and Officers Compensation Other
Walter W Wang (President, Director) $0 $0
Shirley W Wang (Director) $0 $0
John Mai (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$686,838
Expenses
$2,105,217
Net Income
-$1,418,379
Net Assets
$10,343,799
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,000
1.5%
Interest Revenue $0
Dividends $165,409
24.1%
Sales of Assets $431,373
62.8%
Other Income $80,056
11.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,057,500
97.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,343,799
Total Liabilities $0
Net Assets $10,343,799

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$644,153
Expenses
$2,412,886
Net Income
-$1,768,733
Net Assets
$11,762,177
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $290,520
45.1%
Sales of Assets $342,402
53.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,316,100
96.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,762,178
Total Liabilities $1
Net Assets $11,762,177

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$197,411
Expenses
$745,925
Net Income
-$548,514
Net Assets
$13,530,910
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $181,225
91.8%
Sales of Assets $16,186
8.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $652,775
87.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,530,911
Total Liabilities $1
Net Assets $13,530,910

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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