EIN 85-4261456

The Peng Zhao and Cherry Chen Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
State
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Peng Zhao and Cherry Chen Foundation is a private foundation located in Chicago, IL. It primarily funds programs that teach children teamwork and life skills through music learning, invests in resources that transform lives and communities, and builds the infrastructure to achieve its goals. Its grantees include The Asian American Foundation and other organizations, and it made four grants last year.
Total revenues
$25,539,739
2023
Total expenses
$2,849,659
2023
Total assets
$62,530,356
2023
Num. employees
0
2023

Grants made by The Peng Zhao and Cherry Chen Foundation

GranteeGrant descriptionAmount
Asian Pacific Community Fund of Southern California (APCF)To Cultivate Philanthropist To Invest in Organizations That Empower Underserved Asian and Pacific Islanders (Aapi) To Prosper By Building Healthier Communities, Creating A Stronger Aapi Voice and Developing Aapi Leaders$25,000
Chinese American Service LeagueThe Grant Shall Be Used To Support Casl's Work To Serve the Aapi Community, and Vulnerable Populations More Broadly, in Chicago With Wraparound Social Services and A New Effort To Capture Data on the Needs and Experiences of Aapi Populations.$10,000

Personnel at The Peng Zhao and Cherry Chen Foundation

NameTitleCompensation
Peng ZhaoDirector$0

Financials for The Peng Zhao and Cherry Chen Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$20,577,036
Investment income and dividends$955,005
Net rental income$0
Net gain from sale of non-inventory assets$4,589,060
Gross sales of inventory$0
Miscellaneous revenues$-581,362
Total revenues$25,539,739

Form 990s for The Peng Zhao and Cherry Chen Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990PFView PDF
2022-122023-11-02990PFView PDF
2021-122022-11-11990PFView PDF

Organizations like The Peng Zhao and Cherry Chen Foundation

OrganizationLocationRevenue
Zellis Family FoundationChicago, IL$10,488,111
Matthew Zell Family FoundationChicago, IL$10,508,387
Chrysanta FoundationLafayette HL, PA$10,473,583
Robert and Ardis James FoundationWilmington, DE$10,973,161
Don and Linda Brodie Family FoundationPhiladelphia, PA$11,794,992
The J Baker FoundationNew York, NY$43,410,564
Clark and Christine Ivory FoundationSalt Lake City, UT$70,603,196
MCS Charitable FoundationSan Antonio, TX$123,465,384
Nonna's GardenOrlando, FL$25,818,726
Kolatch Family FoundationEnglewood, NJ$10,675,147
Data update history
January 20, 2024
Posted financials
Added Form 990PF for fiscal year 2022
August 6, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 7, 2023
Updated personnel
Identified 1 new personnel
May 23, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
382 Ne 191st St PMB 45801
Miami, FL 33179
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
Phone
(415) 237-3974
IRS details
EIN
85-4261456
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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