Kong Chow Benevolent Association Of Southern California
- Assets
- $1.0m
- Revenue
- $40.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1968
- Data as of
- 12/2021
- EIN
- 95-2160266
Organization Overview
Kong Chow Benevolent Association Of Southern California is located in Los Angeles, CA. The organization was established in 1968. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kong Chow Benevolent Association Of Southern California 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, Kong Chow Benevolent Association Of Southern California generated $40.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTRIBUTERS TO LOCAL CHARITIES ANDEDUCATIONAL ORGANIZATIONS, AWARDS, SCHOLARSHIPS TO WORTHYSTUDENTS AND CONDUCT A BUDDHIST TEMPLE FOR PUBLIC WORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Choi Shun Louey Treasurer | 12 | $6,600 | |
Sikee Louie Chairman | 0 | $0 | |
Wai Man Louie Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,823 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,209 |
| Net Rental Income | -$1,000 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $49,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,911 |
| Depreciation | $1,000 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,834 |
| Total operating and administrative expenses | $51,475 |
| Contributions, gifts, grants paid | $5,700 |
| Total expenses and disbursements | $57,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,564 |
| Savings and temporary cash investments | $955,827 |
| 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 | $36,526 |
| Other assets | $0 |
| Total assets | $1,006,917 |
| 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, Kong Chow Benevolent Association Of Southern California has awarded $18,360 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENTS OF LOCAL SCHOOLS PURPOSE: COMMUNITY WELFARE | $13,200 |
VARIOUS CHARITIES PURPOSE: COMMUNITY WELFARE | $3,660 |
Los Angeles, CA PURPOSE: COMMUNITY WELFARE | $1,500 |
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|---|---|---|
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College Golf Fellowship Roseville, CA | $4,740,992 | $5,717,609 |
Associated Builders & Contractors Of Southern California Anaheim, CA | $3,214,682 | $4,513,844 |
Domestic Violence Action Center Honolulu, HI | $7,468,123 | $5,543,164 |
Tao Fellowship Sedona, AZ | $19,067,372 | $2,706,388 |
Seed International Inc Santa Fe Springs, CA | $2,583,624 | $3,984,978 |
Ocean Institute Dana Point, CA | $15,364,958 | $4,927,903 |
Friends Of Balboa Park San Diego, CA | $11,444,507 | $4,238,672 |
William Temple House Portland, OR | $4,383,500 | $3,360,205 |