Friends Of The University Of Hong Kong Ltd
- Assets
- $104.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 10/2000
- Data as of
- 09/2023
- EIN
- 13-4091246
Organization Overview
Friends Of The University Of Hong Kong Ltd is located in Sunnyvale, CA. The organization was established in 2000. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The University Of Hong Kong Ltd 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 09/2023, Friends Of The University Of Hong Kong Ltd generated $81.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.3%) each year. All expenses for the organization totaled $71.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (26.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR AND CONDUCT FUNDRAISING ACTIVITIES AND EVENTS IN ORDER TO PROVIDE FINANCIAL AID AND OTHER ASSISTANCE TO THE UNIVERSITY OF HONG KONG FOR SCHOLARSHIPS AND EDUCATIONAL PROGRAMS AND TO AID, FOSTER AND PROMOTE ARTISTIC, CULTURAL AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3
UNIVERSITY OF HONG KONG: STRATEGIC DEVELOPMENT FUND.
UNIVERSITY OF HONG KONG: ENDOWED PROFESSORSHIP FOR ECONOMIC HISTORY.
UNIVERSITY OF HONG KONG: FAMILY EDUCATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siu Yum-Tong Director | 1 | $0 | |
Lilian Lian Director | 1 | $0 | |
Monica Yeung Executive Direc | 20 | $0 | |
H S Philip Wong Director | 1 | $0 | |
Peter Tong Director | 1 | $0 | |
Lawrence Ng Ming-Loy President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,922 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,261 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,183 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $558 |
| Total expenses | $71,552 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,963 |
| Other assets | $0 |
| Total assets | $103,963 |
| Total liabilities | $4,625 |
| Net assets or fund balances | $99,338 |