Ping And Amy Chao Family Foundation

Shiu Ping Chao Ttee

Wilmington, DE
Tax-exempt since June 2006
EIN: 20-6750125

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$292k (2024)

Expenses

$1.82M (2024)

Total Assets

$2.24M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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 Nov.
2024

Revenue

$291,618

Expenses

$1,823,220

Net Income

-$1,531,602

Net Assets

$2,235,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,149	1.1%
Dividends	$83,437	28.6%
Sales of Assets	$205,032	70.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,818,151	99.7%
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	$2,235,802
Total Liabilities	$0
Net Assets	$2,235,802

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Jonathan Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

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990-PF

Filed on March 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2023

Revenue

$161,882

Expenses

$1,475,421

Net Income

-$1,313,539

Net Assets

$3,689,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,430	1.5%
Dividends	$113,238	70.0%
Sales of Assets	$46,214	28.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,469,089	99.6%
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	$3,689,091
Total Liabilities	$0
Net Assets	$3,689,091

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

990-PF

Filed on April 11, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2022

Revenue

$378,946

Expenses

$1,423,649

Net Income

-$1,044,703

Net Assets

$5,001,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$548	0.1%
Dividends	$143,799	37.9%
Sales of Assets	$234,589	61.9%
Other Income	$10	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,413,699	99.3%
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	$5,001,630
Total Liabilities	$0
Net Assets	$5,001,630

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2021

Revenue

$512,300

Expenses

$3,439,544

Net Income

-$2,927,244

Net Assets

$6,046,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$817	0.2%
Dividends	$186,040	36.3%
Sales of Assets	$321,337	62.7%
Other Income	$4,106	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,357,341	97.6%
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	$6,046,333
Total Liabilities	$0
Net Assets	$6,046,333

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

990-PF

Filed on July 21, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2020

Revenue

$5,031,753

Expenses

$1,434,409

Net Income

$3,597,344

Net Assets

$8,973,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,209,816	> 100%
Interest Revenue	$1,282	0.0%
Dividends	$161,359	3.2%
Sales of Assets	$0
Other Income	$6,447	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,423,610	99.2%
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	$8,973,577
Total Liabilities	$1
Net Assets	$8,973,576

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

990-PF

Filed on Oct. 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2019

Revenue

$318,637

Expenses

$1,480,861

Net Income

-$1,162,224

Net Assets

$5,376,232

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,991	0.9%
Dividends	$195,187	61.3%
Sales of Assets	$120,459	37.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,466,186	99.0%
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	$5,376,233
Total Liabilities	$1
Net Assets	$5,376,232

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

990-PF

Filed on Oct. 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Nov.
2018

Revenue

$530,867

Expenses

$1,244,761

Net Income

-$713,894

Net Assets

$6,538,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,100	0.6%
Dividends	$239,250	45.1%
Sales of Assets	$284,442	53.6%
Other Income	$4,075	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,224,541	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	$6,538,457
Total Liabilities	$0
Net Assets	$6,538,457

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

990-PF

Filed on Oct. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2017

Revenue

$800,269

Expenses

$1,150,285

Net Income

-$350,016

Net Assets

$7,252,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$983	0.1%
Dividends	$245,491	30.7%
Sales of Assets	$548,624	68.6%
Other Income	$5,171	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,122,040	97.5%
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	$7,252,351
Total Liabilities	$0
Net Assets	$7,252,351

Compensation

Key Employees and Officers	Compensation	Other
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

990-PF

Filed on Oct. 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Nov.
2016

Revenue

$403,982

Expenses

$1,055,937

Net Income

-$651,955

Net Assets

$7,602,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$567	0.1%
Dividends	$295,984	73.3%
Sales of Assets	$107,431	26.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,036,347	98.1%
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	$7,602,367
Total Liabilities	$0
Net Assets	$7,602,367

Compensation

Key Employees and Officers	Compensation	Other
Ms Nancy Nguyen (Executive Director)	$75,000	$6,210
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

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990-PF

Filed on Oct. 6, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2015

Revenue

$400,747

Expenses

$530,215

Net Income

-$129,468

Net Assets

$8,254,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$660	0.2%
Dividends	$321,446	80.2%
Sales of Assets	$75,136	18.7%
Other Income	$3,505	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$508,098	95.8%
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	$8,254,322
Total Liabilities	$0
Net Assets	$8,254,322

Compensation

Key Employees and Officers	Compensation	Other
Ms Nancy Nguyen (Executive Director)	$64,678	$5,622
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

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990-PF

Filed on Oct. 17, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2014

Revenue

$913,194

Expenses

$1,096,343

Net Income

-$183,149

Net Assets

$8,383,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$950	0.1%
Dividends	$282,146	30.9%
Sales of Assets	$630,079	69.0%
Other Income	$19	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,062,499	96.9%
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	$8,383,790
Total Liabilities	$0
Net Assets	$8,383,790

Compensation

Key Employees and Officers	Compensation	Other
Ms Nancy Nguyen (Executive Director)	$73,500	$4,676
Amy H Chao (Co Trustee)	$0	$0
Shiu Kai Chao (Co Trustee)	$0	$0
Shiu Ping Chao (Co Trustee)	$0	$0

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990-PF

Filed on Oct. 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2013

Revenue

$527,518

Expenses

$970,536

Net Income

-$443,018

Net Assets

$8,566,938

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$313,508	59.4%
Sales of Assets	$200,235	38.0%
Other Income	$13,775	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$937,400	96.6%
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	$8,566,939
Total Liabilities	$1
Net Assets	$8,566,938

990-PF

Filed on Nov. 18, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2012

Revenue

$302,417

Expenses

$945,948

Net Income

-$643,531

Net Assets

$9,009,956

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$349,931	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$920,383	97.3%
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	$9,009,957
Total Liabilities	$1
Net Assets	$9,009,956

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$537,660

Expenses

$1,157,936

Net Income

-$620,276

Net Assets

$9,653,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,487	2.1%
Interest Revenue	$119	0.0%
Dividends	$324,448	60.3%
Sales of Assets	$201,606	37.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,102,524	95.2%
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	$9,653,488
Total Liabilities	$0
Net Assets	$9,653,488

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

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Ping And Amy Chao Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $292k (2024)

Expenses $1.82M (2024)

Total Assets $2.24M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$292k (2024)

Expenses

$1.82M (2024)

Total Assets

$2.24M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006