F Michael Wong Foundation
- Assets
- $1.3m
- Revenue
- $59.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Corona Del Mar, CA
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 91-1504436
Organization Overview
F Michael Wong Foundation is located in Corona Del Mar, CA. The organization was established in 1991. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. F Michael 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 12/2022, F Michael Wong Foundation generated $59.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $65.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, F Michael Wong Foundation has awarded 17 individual grants totaling $145,000. 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 |
|---|---|---|---|
F Michael Wong Vice-President | 1 | $0 | |
Robert Simmons-Wong President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,975 |
| Interest on Savings | $63 |
| Dividends & Interest | $45,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,411 |
| Capital Gain Net Income | $8,411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $726 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,158 |
| Contributions, gifts, grants paid | $40,345 |
| Total expenses and disbursements | $65,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,808 |
| 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 | $1,305,616 |
| 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, F Michael Wong Foundation has awarded $45,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE OF MEMORY IMPAIRMENT & NEUROLOGICAL DISORDERS PURPOSE: MEDICAL RESEARCH | $5,000 |
CITY OF HOPE PURPOSE: MEDICAL RESEARCH | $5,000 |
JULES STEIN EYE INSTITUTE PURPOSE: MEDICAL RESEARCH | $10,000 |
EISENHOWER MEDICAL PLAZA PURPOSE: MEDICAL RESEARCH | $5,000 |
CEDARS SINAI MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $20,000 |