Francis And Loretta Hung Foundation
- Assets
- -$20.9k
- Revenue
- $16.4k
- Investments
- -$158.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 95-4676025
Organization Overview
Francis And Loretta Hung Foundation is located in Los Angeles, CA. The organization was established in 1998. 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. Francis And Loretta Hung 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, Francis And Loretta Hung Foundation generated $16.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $40.0k during the year ending 12/2022. While expenses have increased by 14.4% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis C Hung Jr President | 1 | $0 | |
Vincent C Hung Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,031 |
| Net Rental Income | $6,968 |
| Net Gain on Sale of Assets | $420 |
| Capital Gain Net Income | $420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $114 |
| Total Revenue | $16,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29 |
| Depreciation | $86 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,438 |
| Total operating and administrative expenses | $11,203 |
| Contributions, gifts, grants paid | $28,840 |
| Total expenses and disbursements | $40,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,653 |
| Savings and temporary cash investments | $0 |
| 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 | -$158,021 |
| Net Land, buildings, and equipment | $7,513 |
| Other assets | $0 |
| Total assets | -$20,855 |
| 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, Francis And Loretta Hung Foundation has awarded $22,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ARBOR DAY FOUNDATION PURPOSE: TO INSPIRE PEOPLE TO PLANT, NURTURE, AND CELEBRATE TREES | $500 |
JOHN TRACY CLINIC PURPOSE: TO PROVIDE PARENT-CENTERED SERVICES TO YOUNG CHILDREN WITH HEARING LOSS | $1,000 |
WESTWOOD PRESBYTERIAN CHURCH PRESCH PURPOSE: FOR PRESCHOOL CHALLENGE | $1,500 |
DOCTORS WITHOUT BORDERS PURPOSE: GLOBAL FIRST RESPONDERS TO EMERGENCIES, EPIDEMICS AND NATURAL DISASTERS. | $500 |
ECHO HORIZON SCHOOL PURPOSE: EDUCATIONAL INSTITUTION | $1,000 |
SANTA MONICA BAY JUNIOR BAY ROWING PURPOSE: SUPPORTS MARINA AQUATIC CENTER JUNIOR ROWING | $1,000 |