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Richard & Scarlett Chang Family Foundation

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
$61.4k (2023)

Expenses
$78.1k (2023)

Total Assets
$1.25M (2023)

Total Liabilities
$245 (2023)

Years with multiple filings
Source: Form 990 tax filings from 2012 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$61,436
Expenses
$78,149
Net Income
-$16,713
Net Assets
$1,245,833
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $41
0.1%
Dividends $47,220
76.9%
Sales of Assets $14,175
23.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,000
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 $1,246,078
Total Liabilities $245
Net Assets $1,245,833
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$102,103
Expenses
$73,718
Net Income
$28,385
Net Assets
$1,262,546
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
49.0%
Interest Revenue $20
0.0%
Dividends $38,876
38.1%
Sales of Assets $13,207
12.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,000
88.2%
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 $1,262,546
Total Liabilities $0
Net Assets $1,262,546
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$132,757
Expenses
$81,684
Net Income
$51,073
Net Assets
$1,234,161
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
37.7%
Interest Revenue $5
0.0%
Dividends $39,038
29.4%
Sales of Assets $43,714
32.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $72,000
88.1%
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 $1,234,161
Total Liabilities $0
Net Assets $1,234,161
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,935
Expenses
$72,427
Net Income
-$37,492
Net Assets
$1,183,087
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7
0.0%
Dividends $35,752
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,823
90.9%
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 $1,183,088
Total Liabilities $1
Net Assets $1,183,087
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$79,139
Expenses
$67,166
Net Income
$11,973
Net Assets
$1,220,580
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
63.2%
Interest Revenue $303
0.4%
Dividends $25,397
32.1%
Sales of Assets $3,439
4.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,965
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 $1,220,580
Total Liabilities $0
Net Assets $1,220,580

Document Links

Fiscal Year Ending April
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$84,101
Expenses
$73,941
Net Income
$10,160
Net Assets
$1,208,607
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,157
7.3%
Dividends $13,804
16.4%
Sales of Assets $64,140
76.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,385
91.1%
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 $1,209,390
Total Liabilities $783
Net Assets $1,208,607
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending April
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$435,369
Expenses
$71,600
Net Income
$363,769
Net Assets
$1,198,447
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $350,000
80.4%
Interest Revenue $5,925
1.4%
Dividends $15,565
3.6%
Sales of Assets $63,879
14.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,625
88.9%
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 $1,198,461
Total Liabilities $14
Net Assets $1,198,447
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending April
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$42,666
Expenses
$52,793
Net Income
-$10,127
Net Assets
$834,678
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,125
9.7%
Dividends $13,124
30.8%
Sales of Assets $22,313
52.3%
Other Income $3,104
7.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $45,258
85.7%
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 $834,678
Total Liabilities $0
Net Assets $834,678
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending April
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$55,150
Expenses
$48,641
Net Income
$6,509
Net Assets
$844,805
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,732
10.4%
Dividends $16,482
29.9%
Sales of Assets $6,136
11.1%
Other Income $26,800
48.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,228
95.0%
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 $845,973
Total Liabilities $1,168
Net Assets $844,805
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending April
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$71,311
Expenses
$49,556
Net Income
$21,755
Net Assets
$838,296
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,873
16.6%
Dividends $22,935
32.2%
Sales of Assets $2,054
2.9%
Other Income $34,449
48.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,430
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 $838,689
Total Liabilities $393
Net Assets $838,296
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending April
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$76,184
Expenses
$47,382
Net Income
$28,802
Net Assets
$816,541
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,953
14.4%
Interest Revenue $12,093
15.9%
Dividends $17,470
22.9%
Sales of Assets $3,833
5.0%
Other Income $31,835
41.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,259
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 $817,857
Total Liabilities $1,316
Net Assets $816,541
Compensation
Key Employees and Officers Compensation Other
Richard Chang (Chairman) $0 $0
Scarlett Chang (Treasurer) $0 $0
Eric C Ko (Secretary) $0 $0

Document Links

Fiscal Year Ending April
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,771
Expenses
$48,479
Net Income
$3,292
Net Assets
$787,739
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000
38.6%
Interest Revenue $11
0.0%
Dividends $25,824
49.9%
Sales of Assets $267
0.5%
Other Income $5,669
11.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $48,479
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 $787,878
Total Liabilities $139
Net Assets $787,739

Document Links

Fiscal Year Ending April
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$49,921
Expenses
$41,401
Net Income
$8,520
Net Assets
$784,447
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25,000
50.1%
Interest Revenue $10
0.0%
Dividends $26,732
53.5%
Sales of Assets $0
Other Income $1,281
2.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,276
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 $784,447
Total Liabilities $0
Net Assets $784,447

Document Links

Fiscal Year Ending April
2011

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 April
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 April
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 April
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 April
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 April
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

Fiscal Year Ending April
2005

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 April
2004

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.

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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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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