Ong Family Foundation
- Assets
- $69.7k
- Revenue
- $4.7k
- Investments
- $48.3k
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 10/2015
- Data as of
- 08/2023
- 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 08/2023, Ong Family Foundation generated $4.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $79.5k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ong Family Foundation has awarded 42 individual grants totaling $182,432. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHINESE FAMILY FOR CHRIST USA IS A NONDENOMINATIONAL NONPROFIT ORGANIZATION, PARTNERING WITH CHINESE CHURCHES THROUGH FAMILY MINISTRIES SUCH AS RETREATS, SEMINARS, PUBLICATIONS AND OTHER ACTIVITIES, TO PROMOTE HEALTHY MARRIAGES, STRENGTHEN AND RENEW CHRISTIAN MARRIAGES AND FAMILY RELATIONSHIPS, AND TO SHARE THE GOSPEL AMONG THE CHINESE COMMUNITY, LEADING CHINESE FAMILIES TO CHRIST, BRINGING ABOUT LIFE TRANSFORMATION AND ENCOURAGING ALL TO LIVE OUT A LIFE PROCLAIMING AND WITNESSING THE GOOD NEWS.
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 AND ITS NETWORK OF NONPROFIT ORGANIZATIONS PROVIDE LINGUISTICALLY AND CULTURALLY APPROPRIATE HEALTH AND HUMAN SERVICES TO OVER 1,250,000 RESIDENTS THROUGHOUT SOUTHERN CALIFORNIA. PROGRAMS AND SERVICES ARE PROVIDED IN 43 ASIAN AND PACIFIC ISLANDER LANGUAGES IN ADDITION TO ENGLISH AND SPANISH. THE ASIAN PACIFIC COMMUNITY FUNDS MISSION IS TO CULTIVATE PHILANTHROPISTS TO INVEST IN COMMUNITY ORGANIZATIONS THAT EMPOWER UNDERSERVED ASIAN AND PACIFIC ISLANDERS TO PROSPER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Ong CEO | 8 | $0 | |
Leighann Ong Secretary | 2 | $0 | |
Jennifer Ong CFO | 2 | $0 | |
Jonathan Ong Legal Agent | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $1,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,119 |
| Capital Gain Net Income | $3,119 |
| Net ST Capital Gain | $6 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,101 |
| Total operating and administrative expenses | $4,418 |
| Contributions, gifts, grants paid | $75,051 |
| Total expenses and disbursements | $79,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,971 |
| 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 | $69,683 |
| 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 | $14,800 |
| Total liabilities | $14,800 |
Grants Awarded
Over the last fiscal year, Ong Family Foundation has awarded $75,051 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RIVER OF LIFE FOUNDATION PURPOSE: CHARITY PURPOSE | $1,000 |
CHINESE FAMILY FOR CHRIST PURPOSE: CHARITY PURPOSE | $3,000 |
CITY TEAM PURPOSE: CHARITABLE CONTRIBUTION | $600 |
THE MAX EDUCATION FUND PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
ASIAN PACIFIC COMMUNITY FUND PURPOSE: CHARITABLE CONTRIBUTION | $65,451 |