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Marques & Chen Foundation EIN 87-2458903 Form 990 (PDF) Claim this org

Marques & Chen Foundation FY2023 filing

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A private foundation based in Los Gatos, CA. It reported about $128K in revenue for 2022. For fiscal year 2023 it reported $128K in revenue, $4K in expenses, and $324K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Los Gatos, CA
Filings
3 on file (2023–2023)
Revenue
$128KFY2023
Expenses
$4K
Net assets
$324K
People
0
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-2458903 Private foundation / grantmaker Los Gatos, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Los Gatos, CA. It reported about $128K in revenue for 2022.
Money in and out
$128K revenue, $4K expenses
Bottom line
—
Grants paid & assets · FY2023
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$4K
Pt IX · Ln 25
Net assets
$324K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $123K
Total assets
327K
deployed as grants and operations
Grants paid
3K
in FY2023
Grants made
4grants
total in period
Payout rate
1%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 4 grants · $17K · 2024–2024
Fundation MonaFY2024$8,000
Yaneh Day SchoolFY2024$7,000
Los Gatos Education Foundation DBA One Community LgCA · FY2024$1,018
California State Parks FoundationCA · FY2024$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV2
Average grantPart XV$4K
Median grantPart XV$7K
Largest grantPart XV$8K
Top cause focusNTEERecreation & Sports (25%)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$128K
FY2023
Expenses
$4K
FY2023
Total assets
$327K
FY2023
Total liabilities
$4K
FY2023
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$4K
Pt IX · Ln 25
Net assets
$324K
Pt X · Ln 32
Total assetsPt II$327K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarques & Chen Foundation
EINHdr · item D87-2458903
Principal addressHdr · item CLos Gatos, CA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFApr 2022

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
Officers, directors & key employeesPt VII · Sec ANot reported
See Marques & Chen Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$127K
Investment income$267
Total revenueLn 12$128K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.70 Operating & administrative $0.30
Grants & contributions paid70%$3K
Operating & administrative30%$1K
Total functional expensesLn 25$4K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$327K
Total liabilitiesLn 26$4K
Total net assetsLn 32$324K
Months of cash on handcomputed57.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $327K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $128K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $128K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $128K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $324K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $128K · Expenses $4K
+97%
Liabilities-to-Assets
Total liabilities — · Total assets $327K
—
Net-asset ratio
Net assets $324K · Total assets $327K
99%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $4K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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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)$243K revenue · ⤓ 990 PDF
FY2024$254K revenue · ⤓ 990 PDF
FY2023$128K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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