Hongyun Art Foundation
- Assets
- $94.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Covina, CA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 35-2542200
Organization Overview
Hongyun Art Foundation is located in Covina, CA. The organization was established in 2015. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hongyun Art 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 12/2022, Hongyun Art Foundation generated $18.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (35.1%) each year. All expenses for the organization totaled $54.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE AND ENABLE STUDENTS TO ACHIEVE HIGHER EDUCATIONAL STANDARD AND PERSONAL GROWTH. INTERNATIONAL EDUCATIONAL EXCHANGE WITH STUDENTS FROM THIRD WORLD COUNTRIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,364 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $245 |
| Total Revenue | $18,609 |
| 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 | $2,025 |
| Occupancy, rent, utilities, and maintenance | $47,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,727 |
| Total expenses | $54,352 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,008 |
| Other assets | $0 |
| Total assets | $94,933 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,933 |