Portland Chinese Scholarship Foundation
- Assets
- $1.1m
- Revenue
- $88.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 05/1965
- Data as of
- 12/2022
- EIN
- 93-6027259
Organization Overview
Portland Chinese Scholarship Foundation is located in Portland, OR. The organization was established in 1965. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Chinese Scholarship 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, Portland Chinese Scholarship Foundation generated $88.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $33.1k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS OF CHINESE ANCESTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOLARSHIP AWARDS RANGE FROM $250 TO $3,00O EACH AND IS BASED ON AVAILABLE FUNDS. THE SCHOLARSHIPS WERE AWARDED ON ANY OR A COMBINATION OF THE FOLLOWING ACADEMIC PERFORMANCE, COMMUNITY SERVICE, LEADERSHIP ACTIVITIES, FINANCIAL NEED, AND ATHLETIC ACHIEVEMENTS. 45 SCHOLARSHIPS WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toy Wong Trust Chair | OfficerTrustee | 2 | $0 |
Gloria Wong Secretary | OfficerTrustee | 2 | $0 |
Sarah Leong Chung Chair | OfficerTrustee | 2 | $0 |
Ron Woo Treasurer | OfficerTrustee | 2 | $0 |
Sabina Huynh Director | Trustee | 1 | $0 |
Louis Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,761 |
| Noncash contributions included in lines 1a–1f | $2,053 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,761 |
| Total Program Service Revenue | $0 |
| Investment income | $29,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $33,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,664 |
| Savings and temporary cash investments | $236,489 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $848,943 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,096,096 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $914,174 |
| Net assets with donor restrictions | $181,922 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,096,096 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Portland Chinese Scholarship Foundation has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $21,000 |
Endowment Analysis
| Beg. Balance | $1,240,667 |
| Earnings | -$170,183 |
| Admin Expense | $675 |
| Net Contributions | $58,761 |
| Other Expense | $274 |
| Grants | $32,200 |
| Ending Balance | $1,096,096 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |
Aim High For High School San Francisco, CA | $16,769,829 | $8,542,802 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Monarch School Project San Diego, CA | $10,858,774 | $7,145,400 |