Hung Foundation
- Assets
- $573.3k
- Revenue
- $37.1k
- Investments
- $557.2k
- Employees
- 0
- Location
- Malvern, PA
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 46-2374941
Organization Overview
Hung Foundation is located in Malvern, PA. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hung 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, Hung Foundation generated $37.1k 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 (38.9%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hung Foundation has awarded 39 individual grants totaling $173,500. 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 |
|---|---|---|---|
Pauline Hung Acting President And Director | 5 | $0 | |
Clark Hung Director | 5 | $0 | |
Eileen Hung Treasurer, Secretary And Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,964 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,106 |
| Capital Gain Net Income | $19,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,070 |
| 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 | $86 |
| Total operating and administrative expenses | $7,944 |
| Contributions, gifts, grants paid | $52,000 |
| Total expenses and disbursements | $59,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,079 |
| 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 | $202,326 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $573,324 |
| 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, Hung Foundation has awarded $52,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
NAPLES BOTANICAL GARDEN PURPOSE: GRANT TO ANOTHER 501 (C)(3) ORGANIZATION | $5,000 |
CONSERVANCY OF SOUTHWEST FLORIDA PURPOSE: GRANT TO ANOTHER 501 (C)(3) ORGANIZATION | $5,000 |
NAPLES UNITED METHODIST CHURCH PURPOSE: GRANT TO ANOTHER 501 (C)(3) ORGANIZATION | $5,000 |
NAPLES ZOO AT CARIBBEAN GARDEN PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $5,000 |
ROOKERY BAY NATIONAL ASTUARINE RESEARCH RESERVE PURPOSE: GRANT TO ANOTHER 501 (C)(3) ORGANIZATION | $1,000 |
AVOW FOUNDATION INC PURPOSE: GRANT TO ANOTHER 501 (C)(3) ORGANIZATION | $1,000 |