Ching Kwan And Kwan Kit Chow Foundation
- Assets
- $431.3k
- Revenue
- $1.4k
- Investments
- $430.6k
- Employees
- 0
- Location
- Hoffman Estates, IL
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 30-0410663
Organization Overview
Ching Kwan And Kwan Kit Chow Foundation is located in Hoffman Estates, IL. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Ching Kwan And Kwan Kit Chow 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 12/2023, Ching Kwan And Kwan Kit Chow Foundation generated $1.4k 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 (33.0%) each year. All expenses for the organization totaled $25.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING AND FURNISHING OF THE MEMORIAL SCHOOL BUILDING IN CHINA GIVING UNDER PREVILEDGED CHILDREN THE CHANCE FOR EDUCATION
DONATION OF INTERVARSITY ACTIVITIES AND SCHOOL OF FINE ARTS FOR CHILDREN
CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS TO HELP IN THEIR SUPPORT OF CHARITABLE ACTIVITIES
ESTABLISHED A DIANOSTIC TESTING SCHOLARSHIP FUND TO IDENTIFY DEVELOPMENTAL DELAYS IN CHILDREN AS YOUNG AS 18 MONTHS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Hauser Fouder Founding Member | 0 | $0 | |
Daniel Ji Trustee | 0 | $0 | |
Alfred Guan Member | 0 | $0 | |
Katherine Luo Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $676 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $25,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612 |
| Savings and temporary cash investments | $0 |
| 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 | $430,645 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $431,257 |
| 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 |