Yung Hope Foundation
- Assets
- $2.4m
- Revenue
- $5.1k
- Investments
- $365.8k
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2507984
Organization Overview
Yung Hope Foundation is located in Oak Brook, IL. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Yung Hope 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 12/2021, Yung Hope Foundation generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.4%) each year. All expenses for the organization totaled $137.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Yung Hope Foundation has awarded 42 individual grants totaling $342,385. 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 |
|---|---|---|---|
Dr Cheuk W Yung President | 3 | $0 | |
Sophia M Moy Vice President | 1 | $0 | |
Betsy P Yung Secetary/treasurer | 1 | $0 | |
Steve C Yung Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336 |
| Capital Gain Net Income | $336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $16,207 |
| Contributions, gifts, grants paid | $120,985 |
| Total expenses and disbursements | $137,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,019,396 |
| 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 | $2,385,149 |
| 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, Yung Hope Foundation has awarded $120,985 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CCUC PURPOSE: GENERAL SUPPORT | $60,200 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $30,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $12,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
RESOURCE GLOBAL PURPOSE: GENERAL SUPPORT | $3,000 |
WORLD VENTURE PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gift Clearing Trust Indianapolis, IN | $47,036,280 | $91,256,862 |
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Bloomington-Normal Ymca Charitable Foundation Nfp Bloomington, IL | $12,002,532 | $7,012,515 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Real Estate Charitable Foundation Kansas City, MO | $43,935,265 | $4,204,580 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Shure Charitable Tr Created Uw Of Sidney N Shure Chicago, IL | $52,599,907 | $2,093,307 |