Eugene And Lai Wong Foundation
- Assets
- $1.1m
- Revenue
- $41.1k
- Investments
- $349.0k
- Employees
- 0
- Location
- Reno, NV
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 56-2467140
Organization Overview
Eugene And Lai Wong Foundation is located in Reno, NV. The organization was established in 2005. 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. Eugene And Lai Wong 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 12/2021, Eugene And Lai Wong Foundation generated $41.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $100.6k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Eugene And Lai Wong Foundation has awarded 91 individual grants totaling $254,413. 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 |
|---|---|---|---|
Eugene Wong Trustee, Pres & Treasurer | 0.25 | $0 | |
Lai Wong Trustee, V.P. & Secretary | 0.25 | $0 | |
Richard Yook Trustee | 0.25 | $0 | |
Vanessa C Wong Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93 |
| Dividends & Interest | $1,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,154 |
| Capital Gain Net Income | $39,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,392 |
| Depreciation | $30,582 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,637 |
| Total operating and administrative expenses | $64,311 |
| Contributions, gifts, grants paid | $36,243 |
| Total expenses and disbursements | $100,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,380 |
| 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 | $349,006 |
| Net Land, buildings, and equipment | $706,244 |
| Other assets | $3,141 |
| Total assets | $1,085,771 |
| 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 | $2,421 |
| Total liabilities | $2,421 |
Grants Awarded
Over the last fiscal year, Eugene And Lai Wong Foundation has awarded $36,243 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
EZ FOUNDATION PURPOSE: CHARITABLE | $9,500 |
UNIVERSITY OF NEVADA RENO PURPOSE: CHARITABLE | $5,000 |
EDAWN PURPOSE: CHARITABLE | $3,000 |
TMCC FOUNDATION PURPOSE: CHARITABLE | $2,567 |
LEADERSHIP FOUNDATION PURPOSE: CHARITABLE | $2,500 |
BGCTMORG PURPOSE: CHARITABLE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |