J & X Chen Family Foundation

Nonprofit profile at a glance

EIN
453074620
IRS 990-PF coverage
2019–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Saratoga, CA, USA
Phone
4088586282
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Private Independent Foundations

Reported finances

Revenue
$254,432
Expenses
$70,097

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

Overview

Mission

Private Independent Foundations

What it reported funding in 2024

The foundation reported 5 grants totaling $2,403. The stated grant purposes included to educate students for success at college and beyond, and to foster kindness, respect and integrity within a safe and nurturing environment. we achieve academic excellence through the development of intellectual curiosity, personal accountability and love of learning., to provide financial support to struggling children and young adults, so that they may have a better shot at life, build a brighter future, and perhaps achieve their dream., and to cultivate future leaders that has a wide world view and insights for innovation., plus 2 other reported purposes.

Operating model

Revenue model
Donor-supported. 90% of the foundation's positive operating resources came from contributions.
Distribution model
Direct operator. The foundation carried out 96% of its reported charitable disbursements directly.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - A large share of available resources goes to charitable grants and the filed numbers largely add up. A relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 93
  • Cost Efficiency: 3
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 99

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 93.3%; rating input score 93; 35th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 3.4%; rating input score 3; 9th 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: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 482.87; rating input score 99; 99th 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: 93.3% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 99th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • High — Cost Efficiency: Grant expense ratio scored 3/100.