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Wlc 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: Educational Institutions and Related Activities / Educational Services and Schools - Other (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$34.3k (2024)

Expenses
$78.7k (2024)

Total Assets
$753k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2015 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 Oct.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,318
Expenses
$78,712
Net Income
-$44,394
Net Assets
$752,757
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,027
11.7%
Dividends $4,885
14.2%
Sales of Assets $566
1.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,867
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 $752,757
Total Liabilities $0
Net Assets $752,757
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$216,966
Expenses
$41,978
Net Income
$174,988
Net Assets
$797,151
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,577
1.6%
Interest Revenue $126
0.1%
Dividends $1,785
0.8%
Sales of Assets $187,688
86.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,762
80.4%
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 $797,151
Total Liabilities $0
Net Assets $797,151
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0
Nancy Reim (Director) $0 $0
Gene Cherng (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$49,086
Expenses
$58,427
Net Income
-$9,341
Net Assets
$622,163
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $1,804
3.7%
Sales of Assets $31,219
63.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,676
90.2%
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 $622,163
Total Liabilities $0
Net Assets $622,163
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0
Nancy Reim (Director) $0 $0
Ging Hong Cherng (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$54,946
Expenses
$43,780
Net Income
$11,166
Net Assets
$631,504
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $1,661
3.0%
Sales of Assets $35,586
64.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,029
86.9%
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 $631,504
Total Liabilities $0
Net Assets $631,504
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0
Nancy Reim (Director) $0 $0
Jing Hong Cherng (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,995
Expenses
$38,205
Net Income
-$21,210
Net Assets
$620,337
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
0.0%
Dividends $1,498
8.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,454
84.9%
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 $620,338
Total Liabilities $1
Net Assets $620,337
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0
Nancy Reim (Director) $0 $0
Jing Hong Cherng (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$66,370
Expenses
$32,055
Net Income
$34,315
Net Assets
$641,547
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
75.3%
Interest Revenue $26
0.0%
Dividends $1,313
2.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,304
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 $641,548
Total Liabilities $1
Net Assets $641,547
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0
Nancy Reim (Cfo) $0 $0
Jing Hong Cherng (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$114,894
Expenses
$26,781
Net Income
$88,113
Net Assets
$607,233
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
87.0%
Interest Revenue $5
0.0%
Dividends $1,001
0.9%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,030
78.5%
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 $607,233
Total Liabilities $0
Net Assets $607,233
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0
Nancy Reim (Cfo) $0 $0
Jing Hong Cherng (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,219
Expenses
$23,702
Net Income
$76,517
Net Assets
$519,120
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $70,000
69.8%
Interest Revenue $12
0.0%
Dividends $1,342
1.3%
Sales of Assets $13,325
13.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,951
75.7%
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 $519,120
Total Liabilities $0
Net Assets $519,120
Compensation
Key Employees and Officers Compensation Other
Wen Shean Cherng (Ceo) $0 $0
Li Fang Cherng (Secretary) $0 $0
Nancy Reim (Cfo) $0 $0
Jing Hong Cherng (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2016

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 Oct.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$360,726
Expenses
$9,791
Net Income
$350,935
Net Assets
$350,935
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $360,000
99.8%
Interest Revenue $726
0.2%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,791
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 $350,935
Total Liabilities $0
Net Assets $350,935

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.

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 »

Get the Data

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.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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