Hakka Foundation
- Assets
- $3.5m
- Revenue
- $227.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 02/2003
- Data as of
- 12/2022
- 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 12/2022, Hakka Foundation generated $227.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $406.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. 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
2022
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 |
|---|---|---|---|
Linda MA CEO | 2 | $0 | |
Frank S Wu CFO | 40 | $48,000 | |
Hsiang Yuan Peng Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $368 |
| Dividends & Interest | $71,018 |
| Net Rental Income | $59,296 |
| Net Gain on Sale of Assets | -$2,156 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $227,630 |
| 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 | $30,340 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79,926 |
| Total operating and administrative expenses | $165,236 |
| Contributions, gifts, grants paid | $240,928 |
| Total expenses and disbursements | $406,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,939 |
| 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 | $2,815 |
| Net Investments - land, buildings, equipment | $1,385,855 |
| Investments—mortgage loans | $0 |
| Investments—other | $481,174 |
| Net Land, buildings, and equipment | $222,334 |
| Other assets | $24,067 |
| Total assets | $3,498,569 |
| 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 | $6,575 |
| Total liabilities | $6,575 |
Grants Awarded
Over the last fiscal year, Hakka Foundation has awarded $370,742 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ARCADIA WOMENS CLUB PURPOSE: FOR BATTERED WOMEN ASSISTANCE | $500 |
SAN FERNANDO VALLEY CULTURAL CENTER PURPOSE: 2016 ANNUAL FUNDRAISING | $3,000 |
NEW HORIZONS PURPOSE: INDIVIDUALS WITH SPECIAL NEEDS | $1,000 |
PAFAA - JULIA WU PURPOSE: SCHOLARSHIP FOR GIFTED ASIAN AMERICAN | $2,500 |
CULTURE CENTER TAIPEI TAIWAN PURPOSE: FEB 2016 TAINAN EARTH QUAKE RECOVERY | $1,000 |
TAIWAN CTR FOUNDATION PURPOSE: 2016 TAIWANESE HERITAGE WEEK PROGRAMS | $300 |