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← TANG FOUNDATION FOR THE RESEARCH OF TRADITIONAL CHINESE MEDICINE

Form 990 for tax year 2022

Filed by TANG FOUNDATION FOR THE RESEARCH OF TRADITIONAL CHINESE MEDICINE.

Totals

Total revenue
$46,979
Total expenses
$759,914
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$46,979
Other revenue
$0
Total assets, end of year
$3,385,019
Total liabilities, end of year
$95,945
Net assets or fund balances, end of year
$3,289,074
Program services expenses (Part IX)
$759,914
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$759,914

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $46,979 · excluded $46,979

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $64,370 · program services $64,370

  • 24a · Other expenses: UNREALIZED LOSS

    total $609,249 · program services $609,249

  • 24b · Other expenses: SUPPLIES & LABOR

    total $75,000 · program services $75,000

  • 24c · Other expenses: CONTRIBUTION EXPENSE

    total $6,300 · program services $6,300

  • 24d · Other expenses: PAYROLL TAXES

    total $2,665 · program services $2,665

  • 24e · All other expenses

    total $2,330 · program services $2,330

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,214,623 · end of year $3,024,539

  • 11 · Investments: publicly traded securities

    beginning of year $969,729 · end of year $360,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,272 · end of year $95,945

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,002,080 · end of year $3,289,074

Mission and programs · 2022

Mission

CONDUCT INVESTIGATIONS, EXPERIMENTS AND STUDIES TO DISCOVER, DEVELOP AND VERIFY KNOWLEDGE RELATING TO TRADITIONAL CHINESE MEDICINE.

Activities or mission (Part I)

TO CONDUCT MEDICAL RESEARCH ON TRADITIONAL CHINESE MEDICINE

  • CONDUCT INVESTIGATIONS, EXPERIMENTS AND STUDIES TO DISCOVER, DEVELOP AND VERIFY KNOWLEDGE RELATING TO TRADITIONAL CHINESE MEDICINE.

    Expenses $759,914

As filed on the 2022 return.

Listed in Part VII

  • Michael Tang

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Stella Liang

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Vytas Ambutas

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313059349302231

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