Cardinal Kung Foundation Inc
- Assets
- $669.7k
- Revenue
- $284.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Stamford, CT
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 06-1334853
Organization Overview
Cardinal Kung Foundation Inc is located in Stamford, CT. The organization was established in 1992. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardinal Kung Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cardinal Kung Foundation Inc generated $284.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $231.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ROMAN CATHOLIC CHURCH IN CHINA NOW UNDER PERSECUTION THROUGH INCREASED PRAYERS FINANCIAL SUPPORT AND OTHER APPROPRIATE PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMATION DISSEMINATION AND NEWSLETTERS
THEOLOGY AND ADVANCED EDUCATION FOR ROMAN CATHOLIC PRIESTS AND RELIGIOUS IN CHINA EUROPE AND USA
MASS STIPENDS AND PRAYER SERVICES FOR ROMAN CATHOLIC PRIESTS AND NUNS IN CHINA EUROPE AND USA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Agnes Kung Secretary | OfficerTrustee | 60 | $50,000 |
Joseph M C Kung President | OfficerTrustee | 10 | $0 |
Mac C P Mak Treasurer | OfficerTrustee | 5 | $0 |
Paul Blake Director | Trustee | 0 | $0 |
Kieran Mcguire Director | Trustee | 0 | $0 |
Rev Joseph Koterski Sj Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,946 |
| Total Program Service Revenue | $0 |
| Investment income | $11,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $141,335 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,444 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,892 |
| Advertising and promotion | $3,400 |
| Office expenses | $4,420 |
| Information technology | $1,650 |
| Royalties | $0 |
| Occupancy | $10,750 |
| Travel | $1,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $231,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $442,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $669,690 |
| Accounts payable and accrued expenses | $37,658 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,658 |
| Net assets without donor restrictions | $632,032 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $669,690 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cardinal Kung Foundation Inc has recieved totaling $43,271.
| Awarding Organization | Amount |
|---|---|
Mak Family Foundation Inc Guttenberg, NJ PURPOSE: GENERAL FUND | $42,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $566 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 09/08/21 | $105 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Charitable Tr Newton, MA | $8,222,395 | $1,860,011 |
Kollel Bais Yisrael Brooklyn, NY | $246,843 | $998,434 |
Bais Eluzer Fund Monroe, NY | $1,452,032 | $712,379 |
Little Essentials Brooklyn, NY | $330,194 | $693,584 |
Bundles Of Joy New York Inc Bronxville, NY | $395,317 | $592,898 |
Joyce Hergenhan Private Foundation Fairfield, CT | $4,037,389 | $229,293 |
Songs Of Love Foundation Forest Hills, NY | $1,668,057 | $546,584 |
Clark Gillies Foundation Farmingdale, NY | $420,107 | $657,215 |
Juvenile Diabetes Cure Alliance New York, NY | $104,904 | $568,991 |
Brides Across America Andover, MA | $512,791 | $461,175 |
Commonwealth Cares Fund Inc Waltham, MA | $1,360,663 | $804,758 |
Cardinal Kung Foundation Inc Stamford, CT | $669,690 | $284,920 |