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← TANG FOUNDATION FOR THE RESEARCH OF TRADITIONAL CHINESE MEDICINE

Form 990 for tax year 2024

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

Totals

Total revenue
$138,357
Total expenses
$415,790
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$138,357
Other revenue
$0
Total assets, end of year
$2,908,589
Total liabilities, end of year
$2,832
Net assets or fund balances, end of year
$2,905,757
Program services expenses (Part IX)
$415,790
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$415,790

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 $138,357 · excluded $138,357

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $86,250 · program services $86,250

  • 24a · Other expenses: CONTRIBUTION EXPENSE

    total $200,000 · program services $200,000

  • 24b · Other expenses: UNREALIZED LOSS

    total $115,466 · program services $115,466

  • 24c · Other expenses: PAYROLL TAXES

    total $5,306 · program services $5,306

  • 24d · Other expenses: TRAVEL EXPENSES

    total $5,090 · program services $5,090

  • 24e · All other expenses

    total $3,678 · program services $3,678

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,902,666 · end of year $2,741,491

  • 11 · Investments: publicly traded securities

    beginning of year $282,564 · end of year $167,098

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,040 · end of year $2,832

  • 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 $3,183,190 · end of year $2,905,757

Mission and programs · 2024

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 $415,790

As filed on the 2024 return.

Listed in Part VII

  • Michael Tang

    PRESIDENT

    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
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202512979349302066

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