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Chao Family 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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$468k (2024)

Expenses
$388k (2024)

Total Assets
$11.1M (2024)

Total Liabilities
$2.99k (2024)

Years with missing data
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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$467,649
Expenses
$387,574
Net Income
$80,075
Net Assets
$11,137,949
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $201,867
43.2%
Sales of Assets $265,782
56.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $318,079
82.1%
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 $11,140,942
Total Liabilities $2,993
Net Assets $11,137,949
Compensation
Key Employees and Officers Compensation Other
Richard Chao (Chairman/Director) $0 $0
Stefanie Chao (Treasurer/Director) $0 $0
Steven Chao (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$818,859
Expenses
$343,557
Net Income
$475,302
Net Assets
$9,533,920
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,007,939
> 100%
Interest Revenue $0
Dividends $172,572
21.1%
Sales of Assets -$373,724
Other Income $12,072
1.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $283,666
82.6%
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 $9,535,179
Total Liabilities $1,259
Net Assets $9,533,920
Compensation
Key Employees and Officers Compensation Other
Richard Chao (Chairman/Director) $0 $0
Stefanie Chao (Treasurer/Director) $0 $0
Steven Chao (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$83,214
Expenses
$331,301
Net Income
-$248,087
Net Assets
$7,204,558
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $133,372
> 100%
Sales of Assets -$50,158
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $270,662
81.7%
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 $7,231,781
Total Liabilities $27,223
Net Assets $7,204,558
Compensation
Key Employees and Officers Compensation Other
Richard Chao (Chairman/Director) $0 $0
Stefanie Chao (Treasurer/Director) $0 $0
Steven Chao (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,911,518
Expenses
$1,160,980
Net Income
$750,538
Net Assets
$9,009,019
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $958,475
50.1%
Interest Revenue $0
Dividends $112,639
5.9%
Sales of Assets $840,067
43.9%
Other Income $337
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,092,836
94.1%
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 $9,014,183
Total Liabilities $5,164
Net Assets $9,009,019
Compensation
Key Employees and Officers Compensation Other
Richard Chao (Chairman/Director) $0 $0
Stefanie Chao (Treasurer/Director) $0 $0
Steven Chao (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,609,680
Expenses
$399,048
Net Income
$1,210,632
Net Assets
$7,718,984
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,626,913
> 100%
Interest Revenue $0
Dividends $126,851
7.9%
Sales of Assets $0
Other Income $80
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $334,240
83.8%
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 $7,721,776
Total Liabilities $2,792
Net Assets $7,718,984
Compensation
Key Employees and Officers Compensation Other
Richard Chao (Chairman/Director) $0 $0
Stefanie Chao (Treasurer/Director) $0 $0
Steven Chao (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$285,616
Expenses
$207,763
Net Income
$77,853
Net Assets
$5,591,588
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,213
1.1%
Dividends $102,765
36.0%
Sales of Assets $172,727
60.5%
Other Income $6,911
2.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $145,612
70.1%
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 $5,591,589
Total Liabilities $1
Net Assets $5,591,588
Compensation
Key Employees and Officers Compensation Other
Richard Y Chao (President & Director) $0 $0
Steven Chao (Secretary & Director) $0 $0
Stefanie Chao (Treasurer & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$66,290
Expenses
$231,693
Net Income
-$165,403
Net Assets
$4,577,088
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,483
3.7%
Dividends $100,828
> 100%
Sales of Assets -$37,021
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $194,000
83.7%
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 $4,577,748
Total Liabilities $660
Net Assets $4,577,088
Compensation
Key Employees and Officers Compensation Other
Richard Y Chao (President & Director) $0 $0
Steven Chao (Secretary & Director) $0 $0
Stefanie Narayan (Treasurer & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,851,611
Expenses
$48,564
Net Income
$3,803,047
Net Assets
$5,098,915
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,995,432
51.8%
Interest Revenue $93
0.0%
Dividends $68,313
1.8%
Sales of Assets $1,787,773
46.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,500
36.0%
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 $5,105,649
Total Liabilities $6,734
Net Assets $5,098,915
Compensation
Key Employees and Officers Compensation Other
Richard Y Chao (President & Director) $0 $0
Steven Chao (Secretary & Director) $0 $0
Stefanie Narayan (Treasurer & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,673,133
Expenses
$86,785
Net Income
$1,586,348
Net Assets
$2,604,581
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,012,396
60.5%
Interest Revenue $491
0.0%
Dividends $37,063
2.2%
Sales of Assets $623,183
37.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,000
76.1%
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 $2,611,315
Total Liabilities $6,734
Net Assets $2,604,581
Compensation
Key Employees and Officers Compensation Other
Richard Y Chao (President & Director) $0 $0
Steven Chao (Secretary & Director) $0 $0
Stefanie Narayan (Treasurer & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,356,634
Expenses
$68,669
Net Income
$1,287,965
Net Assets
$1,579,630
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,179,979
87.0%
Interest Revenue $448
0.0%
Dividends $28,130
2.1%
Sales of Assets $148,077
10.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,000
52.4%
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 $1,586,364
Total Liabilities $6,734
Net Assets $1,579,630
Compensation
Key Employees and Officers Compensation Other
Richard Y Chao (President & Director) $0 $0
Steven Chao (Secretary & Director) $0 $0
Stefanie Narayan (Treasurer & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$118,914
Expenses
$51,414
Net Income
$67,500
Net Assets
$364,227
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9
0.0%
Dividends $6,092
5.1%
Sales of Assets $112,813
94.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,500
53.5%
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 $364,227
Total Liabilities $0
Net Assets $364,227
Compensation
Key Employees and Officers Compensation Other
Richard Y Chao (President & Director) $0 $0
Steven Chao (Secretary & Director) $0 $0
Stefanie Narayan (Treasurer & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,014
Expenses
$29,000
Net Income
-$20,986
Net Assets
$296,727
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $7,077
88.3%
Sales of Assets $935
11.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,000
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 $296,727
Total Liabilities $0
Net Assets $296,727
Compensation
Key Employees and Officers Compensation Other
Richard Y Chao (President & Director) $0 $0
Steven Chao (Secretary & Director) $0 $0
Stefanie Chao Narayan (Treasurer & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,578
Expenses
$0
Net Income
$4,578
Net Assets
$311,760
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,573
99.9%
Sales of Assets $0
Other Income $5
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $311,760
Total Liabilities $0
Net Assets $311,760

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

About This Data

What Is 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.

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Types of Nonprofits

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