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Spring Chen Foundation EIN 27-0990057

Spring Chen Foundation FY2022 filing

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A private foundation based in Palo Alto, CA. It reported about $6K in revenue for 2021. For fiscal year 2022 it reported $6K in revenue, $3K in expenses, and $57K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Palo Alto, CA
Website
[email protected]
Filings
5 on file (2021–2022)
Revenue
$6KFY2022
Expenses
$3K
Net assets
$57K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-0990057 Private foundation / grantmaker Palo Alto, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Palo Alto, CA. It reported about $6K in revenue for 2021.
Leadership
Robert S Yamashita · Director
Money in and out
$6K revenue, $3K expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$6K
Pt VIII · Ln 12
Total expenses
$3K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Total assets
57K
deployed as grants and operations
Grants paid
3K
in FY2022
Grants made
7grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 7 grants · $2K · 2024–2024
Lucil Packard Children HospitalFY2024$500
Northern California Taiwanese Community Care Network of San JoseCA · FY2024$300
Special Olympic NcFY2024$300
Alzheimers AssociationFY2024$300
Stanford MedicineFY2024$300
The Salvation Army Golden GateFY2024$200
Wounded Warrior Project INCFL · FY2024$120

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV2
Average grantPart XV$289
Median grantPart XV$300
Largest grantPart XV$500
Top cause focusNTEEHuman Services (14%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$6K
FY2022▲ +116%
Expenses
$3K
FY2022▼ -15%
Total assets
$57K
FY2022▲ +5%
Total liabilities
$0
FY2022
Total revenue
$6K
Pt VIII · Ln 12
Total expenses
$3K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Total assetsPt II$57K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpring Chen Foundation
EINHdr · item D27-0990057
Principal addressHdr · item CPalo Alto, CA
WebsiteHdr · item J[email protected]
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJul 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$3K · 51%
Investment income$3K · 49%
Contributions & grants51%$3K
Investment income49%$3K
Total revenueLn 12$6K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.85 Operating & administrative $0.15
Grants & contributions paid85%$3K
Operating & administrative15%$472
Total functional expensesLn 25$3K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$57K
Total liabilitiesLn 26$0
Total net assetsLn 32$57K
Months of cash on handcomputed87.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $57K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $6K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $6K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $6K · Prior year $3K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $57K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6K · Expenses $3K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $57K
—
Net-asset ratio
Net assets $57K · Total assets $57K
100%
People & payroll
Highest Reported Total Compensation
Individual Robert S Yamashita · Reported title Director · Highest reported compensation $0 · Total expenses $3K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 116%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$680 revenue · ⤓ 990 PDF
FY2024$3K revenue · ⤓ 990 PDF
FY2023$2K revenue · ⤓ 990 PDF
FY2022$6K revenue · viewing · ⤓ 990 PDF
FY2021$3K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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