Wang & Hu Family Foundation Inc
- Assets
- $42.5k
- Revenue
- $732.0
- Investments
- $35.0k
- Employees
- 0
- Location
- Flushing, NY
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2688958
Organization Overview
Wang & Hu Family Foundation Inc is located in Flushing, NY. 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. Wang & Hu Family Foundation Inc 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, Wang & Hu Family Foundation Inc generated $732.0 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 (41.1%) each year. All expenses for the organization totaled $1.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jie Hu President | 8 | $0 | |
Xia Hua Wang Vice President | 10 | $0 | |
Fei Wang Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $732 |
| 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 | $25 |
| Total operating and administrative expenses | $375 |
| Contributions, gifts, grants paid | $1,500 |
| Total expenses and disbursements | $1,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,516 |
| 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 | $35,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,516 |
| Accounts payable and accrued expenses | $4,728 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,728 |
Grants Awarded
Over the last fiscal year, Wang & Hu Family Foundation Inc has awarded $1,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BEIJING ASSO OF NEW YORK PURPOSE: CULTURE ACTIVITY | $1,000 |
FLUSHING UNITED PURPOSE: COMMUNITY SUPPORT | $500 |