Fiona Chen Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 884104897 ✦ Flushing, NY ✦ Designated as a 501(c)(3)

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Overview

What is Fiona Chen Foundation?

The Fiona Chen Foundation is a nonprofit organization located at 43-45 172nd street, Flushing, New York 11358. Their primary mission is to offer scholarships to assist students in covering their educational expenses, including tuition, textbooks, and other related materials. Currently, they provide one scholarship worth $500 per recipient, with a plan to expand the number of scholarships in the future. The foundation specifically targets students from low-income backgrounds, individuals who identify as BIPOC, and those raised in single-parent households. Additionally, future scholarships will be awarded to students who exhibit a strong passion for at least one of the 17 United Nations Sustainability Development Goals (SDGs). The organization publicizes its scholarship program through Bold.org, and the funds are directly transferred to the recipient's school account.


Official website here: www.fionachen.org

Is Fiona Chen Foundation legitimate?

Fiona Chen Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fiona Chen Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.fionachen.org

What is the mission statement of Fiona Chen Foundation?

The Fiona Chen Foundation is committed to offering scholarships to students, particularly those from low-income backgrounds, minority groups, and individuals raised in single-parent households. Their mission is to help cover the educational expenses of these students, including tuition, textbooks, and educational materials. Currently, they provide one scholarship worth $500 per recipient, with plans to increase the number of scholarships in the future. The focus of their scholarships will also expand to include students who have shown passion for at least one of the 17 United Nations Sustainability Development Goals. The scholarship program is made public through Bold.org, with the funds directly transferred to the students' school accounts.


Official website here: www.fionachen.org

Who is the CEO of Fiona Chen Foundation?

Fiona Chen is the President of Fiona Chen Foundation.


Official website here: www.fionachen.org

What is the revenue of Fiona Chen Foundation?

Fiona Chen Foundation's revenue in 2022 was $3,708.


Official website here: www.fionachen.org

Who are the executives of Fiona Chen Foundation and what are their salaries?

There 1 volunteer at Fiona Chen Foundation.


Here are 3 key members and their salaries:


Fiona Chen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Lau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cassidy Chen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fionachen.org

Where can I find the form 990 for Fiona Chen Foundation?

Fiona Chen Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fionachen.org

Learn more at the official website: www.fionachen.org

Mission Statement of Fiona Chen Foundation

The Fiona Chen Foundation is an organization committed to providing financial aid in the form of scholarships to students from underprivileged backgrounds and those who identify as minority groups or were raised in single-parent households. The primary mission of this philanthropic entity is to alleviate the financial burden of education by covering essential expenses such as tuition, textbooks, and educational materials. Currently, the foundation offers a single scholarship, known as The Lotus Scholarship, worth $500 per recipient, benefitting up to two students annually.

The Fiona Chen Foundation aims to expand its scholarship program in the future, targeting individuals who have shown a passion for at least one area associated with the 17 United Nations Sustainability Development Goals (SDGs). By providing these scholarships, the foundation seeks to empower students and help them pursue their educational goals without financial constraints. The foundation publicizes its scholarship opportunities through Bold.org, and the funds are directly transferred to the recipients' educational institutions, allowing them to utilize the scholarship funds effectively.

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Impact




October, 2024

The Fiona Chen Foundation significantly impacts the educational journey of students from low-income and minority backgrounds by providing financial support through scholarships. Through its current offering, the Lotus Scholarship, the foundation awards $500 to individuals who identify as BIPOC, come from single-parent households, or face economic challenges. This financial assistance is directed towards covering essential educational costs such as tuition, textbooks, and other necessary materials, alleviating some of the financial burdens that these students face.

While currently limited to two recipients, the foundation has ambitious plans for the future, aiming to increase the number of scholarships offered and expand eligibility to include individuals passionate about the 17 U.N. Sustainability Development Goals (SDGs). By focusing on these criteria, the Fiona Chen Foundation not only supports educational advancement but also encourages a commitment to sustainability and social equity among its recipients.

The scholarships are promoted through platforms like Bold.org, ensuring that the foundation's resources reach those who will benefit most. Overall, the Fiona Chen Foundation fosters a more equitable educational landscape, empowering students to pursue their academic and personal goals.




This information is meant to be a general summary of Fiona Chen Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,708 (2022)
Expenses
$3,608 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $3,708

Assets and Liabilities:

  • Total Assets: $100
  • Total Liabilities: $0
  • Net Assets: $100

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Organization Details

Founding Year

2022

Principal Officer

Fiona Chen

Main Address

43-45 172nd street, Flushing, NY, 11358

NTEE Category

Code: B82 - Education

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