Shannon & Amy Ko Foundation
- Assets
- $12.0m
- Revenue
- $271.6k
- Investments
- $11.5m
- Employees
- 0
- Location
- Chappell Hill, TX
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 33-0955371
Organization Overview
Shannon & Amy Ko Foundation is located in Chappell Hill, TX. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Shannon & Amy Ko 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, Shannon & Amy Ko Foundation generated $271.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $291.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Shannon & Amy Ko Foundation has awarded 31 individual grants totaling $2,014,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon J S Ko Trustee | 0 | $0 | |
Amy Fm Ko Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $210,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,105 |
| Capital Gain Net Income | $55,105 |
| Net ST Capital Gain | $9,479 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,736 |
| Total Revenue | $271,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,036 |
| Depreciation | $0 |
| Occupancy | $60,000 |
| Travel, conferences, and meetings | $2,688 |
| Printing and publications | $0 |
| Other expenses | $22,540 |
| Total operating and administrative expenses | $156,875 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $291,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5,688 |
| Savings and temporary cash investments | $407,226 |
| 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 | $46,455 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,442 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,531,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,983,805 |
| 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 | $11,336 |
| Total liabilities | $11,336 |
Grants Awarded
Over the last fiscal year, Shannon & Amy Ko Foundation has awarded $135,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HOPE HOSPITAL PURPOSE: TO HELP PEOPLE WHO HAS CANCER AND DIABETES TO GET GOOD CARE | $125,000 |
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: SUPPORT SCHOOL GENERAL FUND | $10,000 |