David Z & Young O Hong Family Foundation
- Assets
- $2.2m
- Revenue
- $2.2m
- Investments
- $2.1m
- Employees
- 0
- Location
- Rch Palos Vrd, CA
- Founding
- Data as of
- 12/2023
- EIN
- 38-4262508
Organization Overview
David Z & Young O Hong Family Foundation is located in Rch Palos Vrd, CA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. David Z & Young O Hong Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Hong Trustee | 1 | $0 | |
Kenny Hong Trustee | 1 | $0 | |
Spencer Hong Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,066,651 |
| Interest on Savings | $6,076 |
| Dividends & Interest | $32,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,969 |
| Capital Gain Net Income | $70,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,175,738 |
| 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 | $0 |
| Total operating and administrative expenses | $12,649 |
| Contributions, gifts, grants paid | $107,000 |
| Total expenses and disbursements | $119,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,697 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,166,306 |
| 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 |
Grants Awarded
Over the last fiscal year, David Z & Young O Hong Family Foundation has awarded $107,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PENINSULA COMMUNITY CHURCH PURPOSE: RELIGIOUS | $53,500 |
LOS ANGELES PHILHARMONIC ASSOCIATIO PURPOSE: MUSIC | $53,500 |