Cheng's Foundation

Nonprofit profile at a glance

EIN
431989063
IRS 990-PF coverage
2009–2024
Forms available
Form 990-PF 2024
Location
Moraga, CA, USA
Phone
5108340988
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Public Foundations

Reported finances

Revenue
$16,050
Expenses
$12,942

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Public Foundations

What it reported funding in 2024

The foundation reported 40 grants totaling $11,250. The stated grant purposes included provide finacial support to the organziation., provide fund to the organization for promoting the health servcies, and religion offering, plus 12 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 90% of its reported charitable disbursements as grants.

The verdict

STRONG - The filed numbers largely add up and the filing identifies who received its grants. A relatively small share of available resources goes to charitable grants.

Rating breakdown

  • Grant Deployment: 55
  • Cost Efficiency: 87
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 93

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 54.8%; rating input score 55; 10th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 86.9%; rating input score 87; 68th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 41.26; rating input score 93; 93rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 54.8% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 93th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 40 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Grant Deployment: Grant deployment ratio scored 55/100.