Kyupin Philip And C Gemma Hwang Foundation
- Assets
- $40.6m
- Revenue
- $3.9m
- Investments
- $37.5m
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 77-0029903
Organization Overview
Kyupin Philip And C Gemma Hwang Foundation is located in Los Altos Hills, CA. The organization was established in 1984. 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. Kyupin Philip And C Gemma Hwang 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, Kyupin Philip And C Gemma Hwang Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kyupin Philip And C Gemma Hwang Foundation has awarded 176 individual grants totaling $15,777,326. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
K Philip Hwang Treasurer | 10 | $0 | |
C Gemma Hwang President/ceo | 10 | $0 | |
Mari Hwang Director | 10 | $0 | |
Richard Kim Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,553,598 |
| Interest on Savings | $69,675 |
| Dividends & Interest | $737,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$419,050 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $627 |
| Total Revenue | $3,942,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,577 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $249,365 |
| Total operating and administrative expenses | $304,541 |
| Contributions, gifts, grants paid | $3,816,900 |
| Total expenses and disbursements | $4,121,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,071,108 |
| 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 | $10,847 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,615,336 |
| 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, Kyupin Philip And C Gemma Hwang Foundation has awarded $3,816,900 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KOREAN BAPTIST CHURCH PURPOSE: RELIGIOUS | $87,800 |
SOOKMYUNG UNIVERSITY INTERNATIONAL PURPOSE: EDUCATION | $2,000,000 |
SV WORLD MISSION B CHURCH PURPOSE: RELIGIOUS | $1,200 |
HANYANG UNIVERSITY INTERNATIONAL PURPOSE: EDUCATION | $601,000 |
FHDA INC PURPOSE: EDUCATION | $6,000 |
KACC SF PURPOSE: EDUCATION | $100,000 |