Chung Kun Ai Foundation
- Assets
- $2.2m
- Revenue
- $138.5k
- Investments
- $2.1m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 08/1958
- Data as of
- 12/2022
- EIN
- 99-6003289
Organization Overview
Chung Kun Ai Foundation is located in Honolulu, HI. The organization was established in 1958. 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. Chung Kun Ai 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, Chung Kun Ai Foundation generated $138.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $144.6k during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 7 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.
Since 2020, Chung Kun Ai Foundation has awarded 135 individual grants totaling $329,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yi Chuan Ching Trustee | 1 | $0 | |
Steven C Ai Trustee | 1 | $0 | |
Carol Ai May Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $688 |
| Dividends & Interest | $65,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,073 |
| Capital Gain Net Income | $22,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,787 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $25,644 |
| Contributions, gifts, grants paid | $119,000 |
| Total expenses and disbursements | $144,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,188 |
| Savings and temporary cash investments | $31,234 |
| 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 | $80,965 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,236,140 |
| 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, Chung Kun Ai Foundation has awarded $119,000 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: ASSISTANCE TO INDIGENT FAMILIES | $1,000 |
HAWAII THEATRE FOR YOUTH PURPOSE: LIVE STAGE PRODUCTIONS &THEATRE ARTS EDUCATION FORYOUTH | $1,000 |
CHILDREN'S DISCOVERY CENTER PURPOSE: EDUCATIONAL SUPPORT FORCHILDREN | $1,000 |
HAWAIIAN HUMANE SOCIETY PURPOSE: ANIMAL PRESERVATION, ADOPTION,FOSTER CARE | $10,000 |
MAKE-A-WISH FOUNDATION PURPOSE: GRANT A WISH OF A CHILD WITHLIFE THREATENING MEDICALCONDITION | $1,000 |
JUNIOR ACHIEVEMENT OF HAWAII INC PURPOSE: EDUCATIONAL SUPPORT FORCHILDREN | $1,000 |