Yk Cheok Family Foundation
- Assets
- $198.5k
- Revenue
- $113.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 07/2024
- EIN
- 87-2385657
Organization Overview
Yk Cheok Family Foundation is located in Palo Alto, CA. 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. Yk Cheok Family 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 07/2024, Yk Cheok Family Foundation generated $113.9k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $68.9k during the year ending 07/2024. 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 |
|---|---|---|---|
Yookkhai Cheok CEO | 1 | $0 | |
Feefoon Chew Secretary | 1 | $0 | |
Austin Cheok Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,211 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,887 |
| Capital Gain Net Income | $57,887 |
| Net ST Capital Gain | $57,887 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,414 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $24,890 |
| Printing and publications | $0 |
| Other expenses | $691 |
| Total operating and administrative expenses | $30,371 |
| Contributions, gifts, grants paid | $38,564 |
| Total expenses and disbursements | $68,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,530 |
| 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 | $198,530 |
| 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, Yk Cheok Family Foundation has awarded $38,564 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GIVE2ASIA PURPOSE: TO STRENGTHEN COMMUNITIES IN ASIA BY MAKING CROSS-BORDER GIVING EASIER AND MORE EFFECTIVE. | $37,000 |
CHILD FUND PURPOSE: TO CHILDREN FACING POVERTY AND OTHER CHALLENGES IN 24 COUNTRIES, INCLUDING THE UNITED STATES. | $464 |
GOFUNDME PURPOSE: TO HELP PEOPLE HELP EACH OTHER BY MAKING IT SAFE AND EASY FOR PEOPLE TO ASK FOR HELP AND SUPPORT CAUSESFOR THEMSELVES, EACH OTHER, AND THEIR COMMUNITIES. | $1,100 |