Hung On Tong Society
- Assets
- $5.9m
- Revenue
- $520.9k
- Investments
- $0.0
- Employees
- 3
- Location
- San Francisco, CA
- Founding
- 06/1939
- Data as of
- 12/2022
- EIN
- 94-6104640
Organization Overview
Hung On Tong Society is located in San Francisco, CA. The organization was established in 1939. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hung On Tong Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hung On Tong Society is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Hung On Tong Society generated $520.9k 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 (5.7%) each year. All expenses for the organization totaled $494.2k during the year ending 12/2022. 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 PROMOTE THE HEALTH, CULTURAL AND SOCIAL WELFARE OF ITS MEMBERS WITHIN THE CHINESE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS - SEE ATTACHED REPORT
MEMBERS BENEFITS AND ACTIVITIES
SCHOLARSHIP - SEE ATTACHED LISTING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yong Kang Mai President | Officer | 3 | $8,560 |
Benjie Lin Treasurer | Officer | 3 | $8,120 |
John Ho Chinese Secretary | Officer | 3 | $7,360 |
Kingman Ho Vice President | Officer | 3 | $4,560 |
Jujian Ouyang Secretary | Officer | 3 | $4,200 |
Shawn W Weng Director | Trustee | 1 | $2,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,340 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,340 |
| Total Program Service Revenue | $0 |
| Investment income | $686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $515,858 |
| 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 | $520,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,080 |
| Grants and other assistance to domestic individuals. | $28,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $64,040 |
| Compensation of current officers, directors, key employees. | $48,280 |
| Compensation of current officers, directors, key employees. | $48,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,365 |
| 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 | $11,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,715 |
| All other expenses | $119,496 |
| Total functional expenses | $494,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,750 |
| Savings and temporary cash investments | $410,818 |
| 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 | $4,870,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,941,930 |
| 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 | $87,356 |
| Total liabilities | $87,356 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $5,854,574 |
| Total liabilities and net assets/fund balances | $5,941,930 |
Grants Awarded
Over the last fiscal year, Hung On Tong Society has awarded $23,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE HOSPITAL PURPOSE: MEDICAL | $10,000 |
SELF HELP FOR ELDERLY PURPOSE: ELDERLY ASSISTANCE | $8,500 |
CENTRAL CHINESE HIGH SCHOOL PURPOSE: EDUCATIONAL | $5,000 |