Bing Wong Scholarship Foundation
- Assets
- $823.0k
- Revenue
- $17.6k
- Investments
- $661.6k
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 06/1965
- Data as of
- 06/2023
- EIN
- 95-6070493
Organization Overview
Bing Wong Scholarship Foundation is located in Long Beach, CA. 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. Bing Wong 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 06/2023, Bing Wong Scholarship Foundation generated $17.6k 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 (41.7%) each year. All expenses for the organization totaled $40.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bing Wong Scholarship Foundation has awarded 22 individual grants totaling $217,800. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Harold Boring Director | 0 | $0 | |
Patricia M Caskey CPA Treasurer | 0 | $0 | |
Doris Jaynes Director | 0 | $0 | |
Henry G Wong President | 0 | $0 | |
Tony Calicott Director | 0 | $0 | |
Harold J Volkommer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,881 |
| Dividends & Interest | $25,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,498 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,529 |
| Total Revenue | $17,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,617 |
| Total operating and administrative expenses | $7,862 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $40,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $161,369 |
| 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 | $661,617 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $822,986 |
| 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 | $320 |
| Total liabilities | $320 |
Grants Awarded
Over the last fiscal year, Bing Wong Scholarship Foundation has awarded $32,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAN BERNARDINO COMMUNITY SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIPS | $31,000 |
KAN PIEN SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIPS | $1,000 |
ROTARY INTERNATIONAL SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIPS | $500 |