Hong W Moy Foundation
- Assets
- $3.3m
- Revenue
- $54.1k
- Investments
- $2.7m
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 65-1228999
Organization Overview
Hong W Moy Foundation is located in Laguna Beach, CA. The organization was established in 2004. 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. Hong W Moy 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 12/2023, Hong W Moy Foundation generated $54.1k 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 (20.9%) each year. All expenses for the organization totaled $205.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hong W Moy Foundation has awarded 58 individual grants totaling $1,266,839. 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
SUPPORT MORNING LIGHT FOUNDATION TEACHING PROGRAM TO ENHANCE EDUCATION IN CHINA.
SUPPORT CHINESE AMERICAN MUSEUM ASIAN ART PROGRAM
SUPPORT SPORTS TRAINING, ATHLETIC COMPTTITIONS AND HEALTH AND LEADERSHIP DEVELOPMENT FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,038 |
| Dividends & Interest | $6,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240 |
| Capital Gain Net Income | $497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,642 |
| Printing and publications | $0 |
| Other expenses | $35,583 |
| Total operating and administrative expenses | $164,949 |
| Contributions, gifts, grants paid | $41,000 |
| Total expenses and disbursements | $205,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,083 |
| Savings and temporary cash investments | $295,704 |
| 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 | $2,746,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,500 |
| Total assets | $3,307,114 |
| 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 | $1,890 |
| Total liabilities | $1,890 |
Grants Awarded
Over the last fiscal year, Hong W Moy Foundation has awarded $41,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MORNING LIGHT FOUNDATION PURPOSE: SUPPORTING ITS TEACHING PROGRAM TO ENHANCE EDUCATION IN CHINA. | $21,000 |
SPECAIL OLYMPICS INC PURPOSE: SUPPORT SPORTS TRAINING, ATHLETIC COMPTTITIONS AND HEALTH AND LEADERSHIP DEVELOPMENT FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES | $10,000 |
CHINESE AMERICAN MUSEUM PURPOSE: DONATION TO SUPPORT HISTORYMAKERS AWARDS GALA | $10,000 |