Hakka Foundation
- Assets
- $4.0m
- Revenue
- $202.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 81-0553705
Organization Overview
Hakka Foundation is located in Arcadia, CA. The organization was established in 2003. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hakka 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, Hakka Foundation generated $202.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $647.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO 501C3 ORGANIZAIONS TO CARE PREMATURE BABIES DISABLED PEOPLE AND PROVIDE ASSISTANCE TO POOR FAMILIES
CONTRIBUTIONS TO PUBLIC SCHOOLS AND ORGANIZATIONS TO HELP SUBSCRIBING EDUCATIONAL MATERIALS SCHOLARSHIPS AND OTHER EDUCATIONAL PURPOSES
CONTRIBUTIONS TO ENHANCE CHINESE CULTURE AND TO HELP SENIOR AND POOR FAMILIES
CONTRIBUTIONS TO STUDENTS WITH URGENT NEEDS AND TO PUBLIC LIBRARIES AND VARIOUS ORGANIZATIONS FOR EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank S Wu CFO | 40 | $48,000 | |
Linda MA CEO | 2 | $0 | |
Hsiang Yuan Peng Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $572 |
| Dividends & Interest | $35,632 |
| Net Rental Income | $53,566 |
| Net Gain on Sale of Assets | $6,997 |
| Capital Gain Net Income | $6,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $202,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $30,708 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,092 |
| Total operating and administrative expenses | $196,229 |
| Contributions, gifts, grants paid | $451,268 |
| Total expenses and disbursements | $647,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,618 |
| 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 | $2,880 |
| Net Investments - land, buildings, equipment | $1,412,025 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,088,373 |
| Net Land, buildings, and equipment | $226,504 |
| Other assets | $31,175 |
| Total assets | $4,020,387 |
| 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 | $6,617 |
| Total liabilities | $6,617 |
Grants Awarded
Over the last fiscal year, Hakka Foundation has awarded $185,371 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
WRITERS SQUARE SCHOLARSHIP PURPOSE: AWARDS TO 188 STUDENTS TO IMPROVE WRITING SKILLS | $53,200 |
EAST TIMOR LESTE-BABY ACCOUNT-2016 PURPOSE: NUTRITION ASSISTANCE FOR POOR BABIES | $30,000 |
TAIWAN FUND FOR CHILDREN FAMILIES PURPOSE: SCHOLARSHIPS FOR STUDENTS FROM LOW INCOME FAMILIES | $20,000 |
TAIWAN ENERGETIC ELDER ASSOCIATION PURPOSE: SENIOR CITIZENS ASSISTANCE PROGAM | $19,000 |
DURFEE ELEMENTARY SCHOOL TECH SCH PURPOSE: FUND TO IMPROVE SCHOOL TECHNOLOGY EQUIPMENT | $13,151 |
TAIWAN ELITE ALLIANCE PURPOSE: TAIWAN HERITAGE WEEK HAKKA FOLK SONGS PERFORMANCE | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Polynesian Cultural Center Laie, HI | $116,249,000 | $62,645,558 |
Skirball Cultural Center Los Angeles, CA | $394,099,522 | $16,429,571 |
Cultura Y Arte Nativa De Las Americas San Francisco, CA | $2,055,522 | $13,827,231 |
American Indian Health & Services Corporation Santa Barbara, CA | $10,365,655 | $13,137,792 |
River Of Life Foundation Santa Clara, CA | $1,212,027 | $11,599,827 |
Destination Crenshaw Los Angeles, CA | $35,511,106 | $11,299,025 |
The Epoch Times Media Group Los Angeles El Monte, CA | $739,683 | $7,015,472 |
Priddy Family Foundation Las Vegas, NV | $28,899,625 | $10,430,994 |
Kanu O Ka Aina Learning Ohana Kamuela, HI | $16,258,612 | $5,026,413 |
Napa Valley Festival Association Walnut Creek, CA | $13,659,159 | $11,728,133 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Puente De La Costa Sur Pescadero, CA | $6,663,176 | $5,921,974 |