Jean And Hing Wong Foundation
- Assets
- $1.4m
- Revenue
- $31.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2274936
Organization Overview
Jean And Hing Wong Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Jean And Hing 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 12/2023, Jean And Hing Wong Foundation generated $31.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $92.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jean And Hing Wong Foundation has awarded 28 individual grants totaling $125,500. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,916 |
| Dividends & Interest | $19,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,122 |
| Capital Gain Net Income | $10,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,131 |
| Total operating and administrative expenses | $24,548 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $92,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,479 |
| 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 | $1,392,327 |
| 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, Jean And Hing Wong Foundation has awarded $68,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN ART MUSEUM FOUNDATION OF SAN FRANCISCO PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
CORPORATION OF THE FINE ARTS MUSEUMS PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
INTERNATIONAL PERFORMING ARTS OF AMERICA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
NORTH TEXAS FOOD BANK PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
KQED INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ROTACARE BAY AREA INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |