2025-10-03T16:32:05-05:00 2024-12-31 271282438 DENNIS M LEE & ASSOCIATES 2 PARK PLAZA SUITE 450 IRVINE CA 92614 990 2024-01-01 812094929 PANDA CARES FOUNDATION INC PAND 6263728205 1120 N TOWN CENTER DRIVE 150 LAS VEGAS NV 89144 WINNIE CHAN SECRETARY 6263728205 2025-11-15 1 0 DENNIS M LEE CPA P00180184 9498612529 2024 2025-03-06 01:10:19Z WINNIE CHAN 1120 N TOWN CENTER DR SUITE 150 LAS VEGAS NV 89144 43526725 0 X WWW.PANDACARES.ORG X 2016 NV 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. 3 3 0 0 0 0 50260915 41420395 0 0 1402686 2106330 0 0 51663601 43526725 47179098 33783526 0 0 0 0 0 0 0 1626125 1764606 48805223 35548132 2858378 7978593 39685341 47665008 0 1075 39685341 47663933 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. 0 0 31616255 31383526 34790286 GENERAL GRANTS. 3757846 2400000 6630109 GOLF. 35374101 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X WINNIE CHAN 6263728205 1120 N TOWN CENTER DR SUITE 150 LAS VEGAS NV 89144 ANDREW JIN-CHAN CHERNG DIRECTOR 1.00 X 0 0 0 PEGGY TSIANG CHERNG PRES. & TREAS. & DIREC. 2.00 X X 0 0 0 DENNIS BURKE DIRECTOR 4.00 X 0 0 0 WINNIE CHAN SECRETARY 25.00 X 0 0 0 0 0 0 0 0 0 0 0 41420395 41420395 2088748 2088748 17582 0 17582 17582 17582 43526725 0 0 2106330 33783526 33783526 111748 111748 FUNDRAISING EXPENSES 1357846 1357846 PROGRAM EXPENSES 231280 231280 BANK CHARGES 59705 59705 LICENSE & PERMIT 1775 1775 2252 1449 803 35548132 35374101 174031 0 21629402 29609664 595 134505 18055344 17920839 39685341 47665008 0 1075 0 1075 X 0 0 0 0 39685341 47663933 39685341 47663933 39685341 47665008 7978593 0 X 0 1 X 1 0 X 41141985 44780374 46619846 50260915 41420395 224223515 41141985 44780374 46619846 50260915 41420395 224223515 224223515 49810 671344 872089 1567741 2106330 5267314 229490829 0.97700 0.98570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 43155839 0 43155839 370886 370886 43526725 35464187 0 35464187 83946 83946 35548133 PART X, LINE 2: PANDA CARES FOUNDATION, INC. APPLIES ASC TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, 2022, 2021, 2020, 2019, AND 2018, PANDA CARES FOUNDATION, INC. HAD NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS. PANDA CARES FOUNDATION, INC. RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. PANDA CARES FOUNDATION, INC. IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENT PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENT 0 SEE LIST 1120 N TOWN CENTER DRIVE LAS VEGAS NV 89144 SEE LIST 33783526 0 SEE LIST 10 0 FORM 990, PART VI, SECTION A, LINE 2 ANDREW J. CHERNG & PEGGY T. CHERNG ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE PRELIMINARY INFORMATION/DATA FOR THE 990 IS GATHERED, CALCULATED, AND COMPILED BY THE ACCOUNTING TEAM WITHIN THE PANDA CARES FOUNDATION. ONCE GATHERED, THE INFORMATION IS THEN SENT TO ITS TAX PREPARER, DENNIS LEE & ASSOCIATES, TO PREPARE THE FORM 990. ONCE THE DRAFT FORM 990 IS COMPLETED, IT WILL BE FORWARDED TO THE ACCOUNTING TEAM OF PANDA CARES FOUNDATION FOR THEIR REVIEW AND COMMENTS. UPON COMPLETION OF THE INITIAL REVIEW, THE FORM 990 IS THEN SENT TO THE DIRECTORS OF THE BOARD FOR THEIR REVIEW. IF THERE ARE ANY CHANGES OR QUESTIONS ON FORM 990, IT IS THEN SENT BACK TO THE ACCOUNTING FIRM FOR FURTHER CLARIFICATIONS AND REVISIONS. UPON APPROVAL FROM THE BOARD OF DIRECTORS, THE FINAL FORM 990 IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. THE DIRECTORS WILL THEN MAKE A PRESENTATION AT THE NEXT BOARD OF DIRECTORS MEETING TO UPDATE THE FULL BOARD REGARDING THE REVIEW OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH THE REVIEW OF EACH GRANT PROPOSAL AND CHARITABLE DONATION, THE FOUNDATION CONSISTENTLY CHECKS AND VERIFIES THAT THERE ARE NO CONFLICTS OF INTEREST BETWEEN THE FOUNDATION AND THE DISQUALIFIED PERSONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FOLLOWING GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS. THE AUDITED FINANCIAL STATEMENTS AND THE PUBLIC DISCLOSURE COPY OF THE FORM 990 ARE ALSO AVAILABLE UPON REQUEST AT THE MAIN OFFICE: TAX EXEMPTION APPLICATION (FORM 1023) INTERNAL REVENUE SERVICE DETERMINATION LETTER ARTICLES OF INCORPORATION BY-LAWS