Y Kwong And R Fok Foundation Inc
- Assets
- $1.0m
- Revenue
- $86.5k
- Investments
- $318.1k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 77-0411065
Organization Overview
Y Kwong And R Fok Foundation Inc is located in Bakersfield, CA. The organization was established in 1996. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Y Kwong And R Fok 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, Y Kwong And R Fok Foundation Inc generated $86.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $86.2k during the year ending 12/2022. While expenses have increased by 8.5% 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 2015, Y Kwong And R Fok Foundation Inc has awarded 35 individual grants totaling $453,350. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF RELIGIOUS PURSUITS
SUPPORT OF MEDICAL CHARITIES
SUPPORT OF ANIMAL WELFARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Y Kwong CEO | 0 | $0 | |
R Fok CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,778 |
| Capital Gain Net Income | $11,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $1,765 |
| Contributions, gifts, grants paid | $84,400 |
| Total expenses and disbursements | $86,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,051 |
| Savings and temporary cash investments | $676,263 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,006,364 |
| 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, Y Kwong And R Fok Foundation Inc has awarded $84,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: MEDICAL SUPPLIES | $50,000 |
CHINESE CHRISTIAN MISSION PURPOSE: RELIGIOUS | $15,000 |
SPCA BAKERSFIELD PURPOSE: ANIMAL WELFARE | $1,000 |
REDEEMER LUTHERAN CHURCH PURPOSE: RELIGIOUS | $18,400 |