Wkw Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $52.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-4769432
Organization Overview
Wkw Family Foundation Inc is located in King Of Prussia, PA. The organization was established in 2017. 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. Wkw Family 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 12/2021, Wkw Family Foundation Inc generated $52.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $65.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wkw Family Foundation Inc has awarded 92 individual grants totaling $253,911. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Wong Treasurer | 0 | $0 | |
Natalie Wong Director | 0 | $0 | |
Jason Wong Secretary | 0 | $0 | |
Michelle Wong Director | 0 | $0 | |
Wai K Wong President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $26,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,835 |
| Capital Gain Net Income | $25,835 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $10,285 |
| Contributions, gifts, grants paid | $55,500 |
| Total expenses and disbursements | $65,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,463 |
| Savings and temporary cash investments | $8,398 |
| 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 | $1,288,659 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,247 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,247 |
Grants Awarded
Over the last fiscal year, Wkw Family Foundation Inc has awarded $55,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROTECT AND PROMOTE THE CIVIL RIGHTS OF ASIAN AMERICANS | $11,000 |
OUR FUTURE FIRST PURPOSE: TO SUPPORT THE ORGANIZATION'S EFFORTS IN BREAKING DOWN THE MAN-MADE SOCIO-ECONOMIC BARRIERS BLOCKING THE PATH TO SUCCESS FOR OUR YOUTH. | $9,800 |
Wyckoff, NJ PURPOSE: TO SUPPORT THE FOUNDATION'S MISSION TO PROVIDE AID IN THE CARE OF AUTISTIC & DEVELOPMENTALLY DISABLED ADOLESCENTS AND ADULTS | $5,000 |
Oakland, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION IN PURSUING A HUNGER-FREE COMMUNITY. | $3,000 |
KQED PURPOSE: SUPPORT THE ORGANIZATION'S EFFORTS TO PROVIDE AN ALTERNATIVE TO COMMERICAL MEDIA | $2,500 |
Arlington, VA PURPOSE: SUPPORT THE ORGANIZATION'S EFFORTS TO DELIVER CRITICAL MATERIAL OVERSEAS TO DESPERATE PEOPLE LIVING IN CONFLICT ZONES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |