Ponheary Ly Foundation
- Assets
- $1.7m
- Revenue
- $566.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 12/2006
- Data as of
- 09/2023
- EIN
- 20-4277315
Organization Overview
Ponheary Ly Foundation is located in Austin, TX. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2023, Ponheary Ly Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ponheary Ly 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 09/2023, Ponheary Ly Foundation generated $566.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $497.1k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS THE EDUCATION OF 2800 STUDENTS WHO LIVE IN RURAL POVERTY IN NORTHWEST CAMBODIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENRICHMENT INCLUDES ENGLISH, TECHNOLOGY, ELEARNING, EVENTS, LIBRARIES, SPORTS, MUSIC AND ARTS. POST COVID IT ALSO INCLUDES REMEDIAL KHMER LANGUAGE AND MATH. A TOTAL OF 538 STUDENTS WERE ENROLLED IN ENGLISH COURSES AT 5 PLF LOCATIONS. A TOTAL OF 366 STUDENTS TOOK TECHNOLOGY COURSES AT 5 PLF LOCATIONS AND 146 STUDENTS TOOK ELEARNING COURSES AT 3 PLF LOCATIONS. A TOTAL OF 60 STUDENTS PARTICIPATED IN CHESS CLUBS AT 4 LOCATIONS. A TOTAL OF 1,609 STUDENTS HAD ACCESS TO LENDING LIBRARIES AT 6 LOCATIONS WITH 11,092 BOOKS BORROWED FOR THE YEAR. IN THE 2022 TO 2023 SCHOOL YEAR, AFTER TWO YEARS OF SCHOOL CLOSURES, ART MUSIC AND SPORTS WERE TEMPORARILY REPLACED WITH REMEDIAL COURSES IN KHMER LANGUAGE AND MATH WITH 521 PRIMARY SCHOOL STUDENTS ATTENDING.
SCHOOL SUPPLIES & UNIFORMS WERE DISTRIBUTED TO 2,800 STUDENTS AT 7 LOCATIONS. BICYCLES WERE AWARDED TO GRADUATING PRIMARY SCHOOL STUDENTS TO PROVIDE THEIR TRANSPORT TO THE NEAREST SECONDARY SCHOOL. OTHER EXPENSES INCLUDE FACILITY PROJECTS AT RURAL GOVERNMENT SCHOOLS AND THE OPERATIONS OF TWO DORMITORIES IN SIEM REAP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Carlson President And Dir Of Development | OfficerTrustee | 70 | $71,500 |
Sharon Miro Secretary | OfficerTrustee | 10 | $0 |
Nina Davis Treasurer | OfficerTrustee | 5 | $0 |
Cas Gravett Board Member | Trustee | 5 | $0 |
Caroline Stafford Board Member | Trustee | 5 | $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 | $534,907 |
| Noncash contributions included in lines 1a–1f | $4,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,907 |
| Total Program Service Revenue | $0 |
| Investment income | $31,698 |
| 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 | $10 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,615 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,072 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,557 |
| Payroll taxes | $5,224 |
| 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 | $7,643 |
| Advertising and promotion | $29,799 |
| Office expenses | $1,870 |
| Information technology | $19,701 |
| Royalties | $0 |
| Occupancy | $48,635 |
| Travel | $5,396 |
| 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 | $55,325 |
| Total functional expenses | $497,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,303 |
| Savings and temporary cash investments | $1,312,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,698,023 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,698,023 |
| 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 | $1,698,023 |