Yaoqing & Shouying Huang Family Foundation
- Assets
- $423.2k
- Revenue
- $8.4k
- Investments
- $417.3k
- Employees
- 0
- Location
- Cary, NC
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-2320233
Organization Overview
Yaoqing & Shouying Huang Family Foundation is located in Cary, NC. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Yaoqing & Shouying Huang 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 12/2022, Yaoqing & Shouying Huang Family Foundation generated $8.4k 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 (32.9%) each year. All expenses for the organization totaled $26.1k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH CAROLINA MUSEUM OF ART FOUNDATION
COLD SPRING HARBOR LAB
MARBLES KIDS MUSEUM
WOMENS CENTER FOR WAKE COUNTY DURHAM RESCUE MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yaoqing Huang President | 1 | $0 | |
Zuoshi Josh Huang Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $7,960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $481 |
| Capital Gain Net Income | $481 |
| Net ST Capital Gain | $481 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $930 |
| Total operating and administrative expenses | $2,053 |
| Contributions, gifts, grants paid | $24,095 |
| Total expenses and disbursements | $26,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,923 |
| 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 | $13,988 |
| Investments—other | $403,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $423,186 |
| 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, Yaoqing & Shouying Huang Family Foundation has awarded $24,095 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLD SPRING HARBOR LABORATORY PURPOSE: RESEARCH TREATMENT FOR DISEASE | $5,000 |
NORTH CAROLINA MUSEUM OF ART FOUNDA PURPOSE: SUPPORT ART COLLECTION AND INSPIRES CREATIVITY | $10,095 |
WOMENS CENTER FOR WAKE COUNTY PURPOSE: SERVES MARGINALIZED SINGLE WOMEN EXPERIENCING TRAU | $2,000 |
DURHAM RESCUE MISSION PURPOSE: HOMELESS SHELTER | $2,000 |
MARBLES KIDS MUSEUM PURPOSE: MARBLES SPARKS IMAGINATION DISCOVERY AND LEARNING | $5,000 |