Ong Family Foundation
- Assets
- $154.1k
- Revenue
- $15.8k
- Investments
- $120.6k
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 10/2015
- Data as of
- 08/2021
- EIN
- 47-2177717
Organization Overview
Ong Family Foundation is located in Sunnyvale, CA. The organization was established in 2015. 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. Ong 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.
For the year ending 08/2021, Ong Family Foundation generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $36.1k during the year ending 08/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGENH MISSION FOUNDATION: LIGENH MISSION FOUNDATION FOUNDED IN 2018, IT HELP TO SUPPORT THE ORGANIZATIONS MISSION AND ITS CGMG GALILEE PROJECT RELATED MINISTRIES.AND, IT SUPPORT THE ORGANIZATION'S MISSION TO MOBILIZE GOD'S PEOPLE AND ENGAGE THE UNREACHED IN ORDER TO ESTABLISH REPRODUCING CHURCHES.
RIVER OF LIFE FOUNDATION- THE ORGANIZATION IS TO CONSOLIDATE RESOURCES FROM CHINESE AMERICAN COMMUNITY TO HELP THOSE WHO ARE IN GREAT NEED OF HELP ALL OVER THE WORLD. IN 2018, THE ORGANIZATION CONTINUE THEIR FREE LAPTOP PROGRAM FOR SOUTH BAY STUDENTS. OVER THE LAST 3 YEARS, THE ORGANIZATION HAVE GIVEN MORE THAN 100 NEEDY STUDENTS FREE COMPUTERS BY THE PROGRAM.
THE MAX EDUCATION FUND: THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE STUDENTS. IT HELPS TO SUPPORT CAMPUS PRIORITIES,INCLUDING SCHOLARSHIPS, BUILDING PROJECTS, RESEARCH EFFORTS, AND INITIATIVES OF SPECIFIC SCHOOLS, COLLEGES, PROGRAMS. IT WORK WITH THE CAMPUS TO UNDERSTAND THE UNIVERSITY PRIORITIES, ENCOURAGE GIFTS TO FUND THOSE PRIORITIES AND HELP DONORS TO FIND THE RIGHT FIT FOR THEIR PHILANTHROPY.
APCF FOUND:APCE SERVE ASIAN & PACIFIC ASLANDER COMMUNITIES, AND APCE PROVIDE CAPACITY BUILDING SUPPORT TO NUMEROUS API NONPROFITS IN LOS ANGELES AREA, AND TO HELP THESE ORGANIZATION TO SOLVE UNDERFUNDED AND UNDERSTAFFED AND OTHER RESOURCE LACKING RELATED TO AFFECT LONG-TERM VIABILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ong CFO | 2 | $0 | |
Jonathan Ong Legal Agent | 2 | $0 | |
Leighann Ong Secretary | 2 | $0 | |
Raymond Ong CEO | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $1,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,146 |
| Capital Gain Net Income | $14,146 |
| Net ST Capital Gain | $3,091 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5 |
| Taxes | $330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74 |
| Total operating and administrative expenses | $1,609 |
| Contributions, gifts, grants paid | $34,471 |
| Total expenses and disbursements | $36,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,176 |
| 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 | $7,392 |
| Total assets | $154,136 |
| 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 | $13,500 |
| Total liabilities | $13,500 |
Grants Awarded
Over the last fiscal year, Ong Family Foundation has awarded $34,471 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN PACIFIC COMMUNITY FUND PURPOSE: CHARITABLE CONTRIBUTION | $25,601 |
THE MAX EDUCATION FUND PURPOSE: CHARITABLE CONTRIBUTION | $3,600 |
Los Altos, CA PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
Santa Clara, CA PURPOSE: CHARITY PURPOSE | $1,000 |
KQED PURPOSE: CHARITABLE CONTRIBUTION | $720 |
CITY TEAM PURPOSE: CHARITABLE CONTRIBUTION | $550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |
Lone Rock Foundation Santa Cruz, CA | $94,429,828 | $8,565,645 |
Maurice And Paul Marciano Art Foundation Beverly Hills, CA | $51,457,379 | $441,554 |