Chou Family Foundation

Raleigh, NC
Tax-exempt since Jan. 1999
EIN: 62-1720872

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$106k (2023)

Expenses

$96.9k (2023)

Total Assets

$1.4M (2023)

Total Liabilities

$3.27k (2023)

Source: Form 990 tax filings from 2011 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

Revenue

$105,999

Expenses

$96,898

Net Income

$9,101

Net Assets

$1,400,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$275	0.3%
Dividends	$35,222	33.2%
Sales of Assets	$65,068	61.4%
Other Income	$5,434	5.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,631	85.3%
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	$1,403,279
Total Liabilities	$3,268
Net Assets	$1,400,011

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 12, 2024

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

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Schedules ▼

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Fiscal Year Ending Dec.
2022

Revenue

$239,043

Expenses

$151,176

Net Income

$87,867

Net Assets

$1,375,910

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$88	0.0%
Dividends	$31,716	13.3%
Sales of Assets	$201,882	84.5%
Other Income	$5,357	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,055	64.9%
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	$1,375,910
Total Liabilities	$0
Net Assets	$1,375,910

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 17, 2023

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

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$75,325

Expenses

$74,500

Net Income

$825

Net Assets

$1,288,043

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,055	4.1%
Dividends	$25,278	33.6%
Sales of Assets	$46,961	62.3%
Other Income	$31	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,849	72.3%
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	$1,288,043
Total Liabilities	$0
Net Assets	$1,288,043

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Feb. 9, 2023

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

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Fiscal Year Ending Dec.
2020

Revenue

$120,667

Expenses

$101,424

Net Income

$19,243

Net Assets

$1,287,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,000	1.7%
Interest Revenue	$48	0.0%
Dividends	$24,864	20.6%
Sales of Assets	$83,111	68.9%
Other Income	$10,644	8.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,750	85.5%
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	$1,287,218
Total Liabilities	$1
Net Assets	$1,287,217

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$433,241

Expenses

$107,636

Net Income

$325,605

Net Assets

$1,267,974

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$299,720	69.2%
Interest Revenue	$167	0.0%
Dividends	$28,261	6.5%
Sales of Assets	$96,926	22.4%
Other Income	$8,167	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,920	69.6%
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	$1,267,975
Total Liabilities	$1
Net Assets	$1,267,974

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 9, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$93,473

Expenses

$82,260

Net Income

$11,213

Net Assets

$1,163,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$94	0.1%
Dividends	$28,367	30.3%
Sales of Assets	$64,974	69.5%
Other Income	$38	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,248	86.6%
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	$1,163,360
Total Liabilities	$0
Net Assets	$1,163,360

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Oct. 23, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$73,154

Expenses

$90,113

Net Income

-$16,959

Net Assets

$1,152,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$58	0.1%
Dividends	$31,407	42.9%
Sales of Assets	$41,371	56.6%
Other Income	$318	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,252	86.8%
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	$1,152,147
Total Liabilities	$0
Net Assets	$1,152,147

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on May 14, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$61,320

Expenses

$203,536

Net Income

-$142,216

Net Assets

$1,169,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$31,681	51.7%
Sales of Assets	$29,494	48.1%
Other Income	$145	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$191,970	94.3%
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	$1,169,106
Total Liabilities	$0
Net Assets	$1,169,106

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$51,595

Expenses

$188,601

Net Income

-$137,006

Net Assets

$1,311,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.0%
Dividends	$33,819	65.5%
Sales of Assets	$17,609	34.1%
Other Income	$153	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$174,868	92.7%
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	$1,311,322
Total Liabilities	$0
Net Assets	$1,311,322

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$116,716

Expenses

$221,432

Net Income

-$104,716

Net Assets

$1,448,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$34	0.0%
Dividends	$43,564	37.3%
Sales of Assets	$73,118	62.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$215,389	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	$1,451,618
Total Liabilities	$3,290
Net Assets	$1,448,328

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 12, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$61,354

Expenses

$233,979

Net Income

-$172,625

Net Assets

$1,553,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$47	0.1%
Dividends	$47,662	77.7%
Sales of Assets	$13,645	22.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$216,104	92.4%
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	$1,553,044
Total Liabilities	$0
Net Assets	$1,553,044

Compensation

Key Employees and Officers	Compensation	Other
Paul Chou (Trustee)	$0	$0
Alice Chou (Trustee)	$0	$0

990-PF

Filed on Nov. 17, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$206,800

Expenses

$84,063

Net Income

$122,737

Net Assets

$1,725,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$513	0.2%
Dividends	$56,950	27.5%
Sales of Assets	$149,337	72.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,486	89.8%
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	$1,725,669
Total Liabilities	$1
Net Assets	$1,725,668

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$118,099

Expenses

$139,659

Net Income

-$21,560

Net Assets

$1,602,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,412	2.9%
Dividends	$47,404	40.1%
Sales of Assets	$67,283	57.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,137	86.7%
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	$1,608,222
Total Liabilities	$5,290
Net Assets	$1,602,932

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

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Chou Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $106k (2023)

Expenses $96.9k (2023)

Total Assets $1.4M (2023)

Total Liabilities $3.27k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$106k (2023)

Expenses

$96.9k (2023)

Total Assets

$1.4M (2023)

Total Liabilities

$3.27k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001