Jeff & Sherry Hwang Foundation
- Assets
- $639.7k
- Revenue
- $259.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Haymarket, VA
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-2947795
Organization Overview
Jeff & Sherry Hwang Foundation is located in Haymarket, VA. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jeff & Sherry 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 12/2023, Jeff & Sherry Hwang Foundation generated $259.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $148.1k during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 6 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 2018, Jeff & Sherry Hwang Foundation has awarded 41 individual grants totaling $778,484. 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 |
|---|---|---|---|
Gwo Ching Hwang Director | 0.25 | $0 | |
Heu Li Hwang Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $259,340 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $259,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $16,667 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $393 |
| Total operating and administrative expenses | $18,476 |
| Contributions, gifts, grants paid | $129,574 |
| Total expenses and disbursements | $148,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $639,671 |
| 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 | $639,671 |
| 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, Jeff & Sherry Hwang Foundation has awarded $129,574 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DREAM CORPS PURPOSE: STEM | $1,300 |
BUDDHIST TZU CHI FOUNDATION PURPOSE: DISASTER RELIEF | $100,000 |
CODE2040 PURPOSE: STEM | $250 |
ALL STAR CODE PURPOSE: STEM | $1,240 |
BLACK GIRLS CODE PURPOSE: STEM | $2,210 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF | $20,000 |