Chua & Wong Foundation
- Assets
- $47.4k
- Revenue
- $502.0
- Investments
- $33.7k
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 06/2018
- Data as of
- 10/2024
- EIN
- 82-3465371
Organization Overview
Chua & Wong Foundation is located in Los Gatos, CA. The organization was established in 2018. 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. Chua & Wong 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 10/2024, Chua & Wong Foundation generated $502.0 in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $24.1k during the year ending 10/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy T Chua President & CEO | 0.5 | $0 | |
Irene H Wong Secretary & CFO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $502 |
| 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 | $502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,247 |
| Depreciation | $265 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,364 |
| Total operating and administrative expenses | $13,116 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $24,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,186 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $529 |
| Other assets | $0 |
| Total assets | $47,400 |
| Accounts payable and accrued expenses | $231 |
| 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 | $91 |
| Total liabilities | $322 |
Grants Awarded
Over the last fiscal year, Chua & Wong Foundation has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHANG SEN XUE LONGEVITY ASSOCIATION PURPOSE: TO USE THE HUMAN BODY TO RECEIVE ENERGY FROM THE UNIVERSE. LEARNERS ATTEND LECTURES AND HAVE THEIR CHAKRAS OPENED. THEY THEN IMPROVE THEIR HEALTH BY SITTING QUIETLY (PRACTICING KUNG) AND MAKING ADJUSTMENT (HEALING). THEY CAN ALSO USE LONGEVITOLOGY TO HELP IMPROVE THE HEALTH OF OTHERS. THE LONGEVITOLOGY CLASS IS SIMPLE YET QUICKLY EFFECTIVE. PRACTICE AND ADJUSTMENT CAN BE DONE AT ANY TIME AND PLACE. | $6,000 |
DOCTORS WITHOUT BORDERS PURPOSE: TO PROVIDE INDEPENDENT, IMPARTIAL MEDICAL HUMANITARIAN ASSISTANCE TO THE PEOPLE WHO NEED IT MOST. | $5,000 |