Kwoh & Pong Foundation
- Assets
- $6.5m
- Revenue
- $301.0k
- Investments
- $6.2m
- Employees
- 0
- Location
- Rolling Hills Estates, CA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 95-4694115
Organization Overview
Kwoh & Pong Foundation is located in Rolling Hills Estates, CA. The organization was established in 2000. 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. Kwoh & Pong 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, Kwoh & Pong Foundation generated $301.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $229.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kwoh & Pong Foundation has awarded 47 individual grants totaling $1,720,600. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $441,783 |
| Interest on Savings | $11,108 |
| Dividends & Interest | $206,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$357,939 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56 |
| Total Revenue | $301,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,875 |
| Contributions, gifts, grants paid | $215,000 |
| Total expenses and disbursements | $229,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $278,569 |
| 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 | $6,528,447 |
| 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, Kwoh & Pong Foundation has awarded $215,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY PARTNERS INTERNATIONAL PURPOSE: CHARITABLE | $100,000 |
KAREN T HIGUCHI PURPOSE: CHARITABLE | $10,000 |
LAN VO FOUNDATION PURPOSE: CHARITABLE | $5,000 |
SE ASIAN FOUNDATION PURPOSE: CHARITABLE | $50,000 |
SE ASIAN FOUNDATION PURPOSE: CHARITABLECHARITABLE | $50,000 |