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Nonprofiteer
← PANDA CARES FOUNDATION INC

Form 990 for tax year 2023

Filed by PANDA CARES FOUNDATION INC.

Totals

Total revenue
$51,663,601
Total expenses
$48,805,223
Contributions and grants received
$50,260,915
Grants paid
$47,179,098
Program service revenue
$0
Investment income
$1,402,686
Other revenue
$0
Total assets, end of year
$39,685,341
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$39,685,341
Program services expenses (Part IX)
$48,624,505
Management and general expenses
$180,718
Fundraising expenses
$0
Program service expenses (Part III)
$48,624,505

Program services were 99.6% 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.

  • 1f · All other contributions, gifts and grants

    $50,260,915

  • 3 · Investment income

    total $1,567,741 · excluded $1,567,741

  • 7a · Gross sales of assets other than inventory

    securities $6,420,944

  • 7b · Less cost or other basis and sales expenses

    securities $6,585,999

  • 7c · Gain or loss

    securities -$165,055

  • 7d · Net gain or loss

    total -$165,055 · related or exempt -$165,055

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,179,098 · program services $47,179,098

  • 11b · Fees: legal

    total $114,852 · management and general $114,852

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $1,043,197 · program services $1,043,197

  • 24b · Other expenses: PROGRAM EXPENSES

    total $401,550 · program services $401,550

  • 24c · Other expenses: BANK CHARGES

    total $58,912 · management and general $58,912

  • 24d · Other expenses: LICENSE & PERMIT

    total $5,739 · management and general $5,739

  • 24e · All other expenses

    total $1,875 · program services $660 · management and general $1,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,826,962 · end of year $39,684,746

  • 4 · Accounts receivable

    beginning of year $0 · end of year $595

  • 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 $36,826,962 · end of year $39,685,341

Mission and programs · 2023

Mission

PANDA CARES BRINGS HOPE TO YOUTH IN NEED. OUR PURPOSE IS TO SERVE THE HEALTH AND EDUCATION NEEDS OF UNDERSERVED YOUTH AND TO FOSTER THE SPIRIT OF GIVING.

Activities or mission (Part I)

BRINGS HOPE & SERVES UNDERSERVED YOUTH HEALTH/EDUCATION NEEDS & FOSTERS SPIRIT OF GIVING. PANDA CARES BRINGS HOPE TO YOUTH IN NEED. OUR PURPOSE IS TO SERVE THE HEALTH AND EDUCATION NEEDS OF UNDERSERVED YOUTH AND TO FOSTER THE SPIRIT OF GIVING. AMONG OTHER THINGS, PANDA CARES FOUNDATION, INC. PLACES COLLECTION BOXES AT PANDA EXPRESS RESTAURANTS IN VARIOUS STATES, IN WHICH CUSTOMERS ARE ENCOURAGED TO DONATE THEIR CHANGE.

  • GENERAL GRANTS.

    Expenses $44,254,771 · Grants $44,246,098 · Revenue $44,279,231

  • GOLF

    Expenses $4,369,734 · Grants $2,933,000 · Revenue $5,981,683

As filed on the 2023 return.

Listed in Part VII

  • Andrew Jin-Chan Cherng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peggy Tsiang Cherng

    PRES. & TREAS. & DIREC.

    Total calculated
    $0
    Hours/week
    2

  • Dennis Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Winnie Chan

    SECRETARY

    Total calculated
    $0
    Hours/week
    25

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

  • SEE LIST

    $47,179,098

    SEE LIST

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403199349303800

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