Hung Wo & Elizabeth Ching Foundation
- Assets
- $3.9m
- Revenue
- $154.5k
- Investments
- $3.9m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 08/1963
- Data as of
- 01/2024
- EIN
- 99-6008990
Organization Overview
Hung Wo & Elizabeth Ching Foundation is located in Honolulu, HI. The organization was established in 1963. 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. Hung Wo & Elizabeth Ching 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 01/2024, Hung Wo & Elizabeth Ching Foundation generated $154.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $348.4k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hung Wo & Elizabeth Ching Foundation has awarded 226 individual grants totaling $1,367,640. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOLOKAI HIGH SCHOOL ACHIEVEMENT AWARD RECIPIENTS, 2,500 FOUR RECIPIENTS
FARRINGTON HIGH SCHOOL ACHEIVEMENT AWARD RECIPIENTS, 1,000 FOUR RECIPIENTS, 500 TWO RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Han Hsin Ching Vice-Preside | 0.5 | $0 | |
Han Ping Ching Vice Preside | 0.5 | $0 | |
Edric M Ching Secretary | 0.5 | $0 | |
Shelli Mei Li Ching Asst Secreta | 0.5 | $0 | |
Marie Sakamoto Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,803 |
| Dividends & Interest | $134,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,132 |
| Capital Gain Net Income | $14,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,728 |
| Total operating and administrative expenses | $80,433 |
| Contributions, gifts, grants paid | $268,000 |
| Total expenses and disbursements | $348,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,736 |
| Savings and temporary cash investments | $80,861 |
| 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 | $3,939,640 |
| 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, Hung Wo & Elizabeth Ching Foundation has awarded $268,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL PURPOSE | $3,500 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $3,500 |
AMERICAN RED CROSS HI STATE CHAPTER PURPOSE: GENERAL PURPOSE | $3,500 |
BOYS AND GIRLS CLUB OF HAWAII PURPOSE: GENERAL PURPOSE | $3,500 |
COMMUNITY CHURCH OF HONOLULU PURPOSE: GENERAL PURPOSE | $3,500 |
HAWAII FOODBANK PURPOSE: GENERAL PURPOSE | $3,500 |