Ong Family Foundation
- Assets
- $1.1m
- Revenue
- $51.6k
- Investments
- $750.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1998
- Data as of
- 01/2022
- EIN
- 13-3986239
Organization Overview
Ong Family Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ong Family Foundation 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 01/2022, Ong Family Foundation generated $51.6k in total revenue. All expenses for the organization totaled $80.7k during the year ending 01/2022.
Since 2015, Ong Family Foundation has awarded 177 individual grants totaling $4,326,454. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT OTHER 501(C)(3) TAX EXEMPT ORGANIZATIONS THROUGH ITS CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny O Yee Trustee | 1 | $0 | |
Stephanie I Yee Trustee | 1 | $0 | |
Nelson Louis Executive Officer | 15 | $0 | |
Donald Ong Yee Trustee | 1 | $0 | |
Larry Ong Yee Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $16,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,256 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,451 |
| Total Revenue | $51,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,316 |
| Interest | $0 |
| Taxes | $2,574 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,890 |
| Contributions, gifts, grants paid | $60,830 |
| Total expenses and disbursements | $80,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,786 |
| Savings and temporary cash investments | $337,667 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $750,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,018 |
| Total assets | $1,145,471 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ong Family Foundation has awarded $60,830 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KOREAN AMERICAN FAMILY SERVICE CENTER PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Boston, MA PURPOSE: SUPPORT FOR VITUAL GALA | $10,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
WOMANKIND PURPOSE: ANNUAL SUPPORT FOR PROGRAM MEI HUI GALA (CANCEL) SUPPORT FOR VIRTUAL GALA FALL 2020 | $4,000 |
Oro Valley, AZ PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ong Family Foundation has recieved totaling $19,107.
| Awarding Organization | Amount |
|---|---|
Yu Family Foundation New York, NY PURPOSE: TO PARNTER IN SPONSORING THE BIG APPLE CIRCUS FOR 1600 CHILDREN AND FAMILIES ON 11/6/15 | $19,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |