John Chin Young Foundation
- Assets
- $3.6m
- Revenue
- $87.0k
- Investments
- $2.8m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 99-6081402
Organization Overview
John Chin Young Foundation is located in Honolulu, HI. The organization was established in 1998. 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. John Chin Young 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, John Chin Young Foundation generated $87.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $412.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John Chin Young Foundation has awarded 49 individual grants totaling $838,699. 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 |
|---|---|---|---|
Deborah Li Young Trustee | 12 | $25,000 | |
Roger Bellinger Trustee | 1 | $15,000 | |
Janet Kelly Trustee | 1 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,262 |
| Net Rental Income | $744 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $41,883 |
| Net ST Capital Gain | $143 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $15,000 |
| Other Income | $0 |
| Total Revenue | $87,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $113,721 |
| Total operating and administrative expenses | $135,758 |
| Contributions, gifts, grants paid | $276,579 |
| Total expenses and disbursements | $412,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,968 |
| Savings and temporary cash investments | $124,825 |
| 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 | $340,710 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $375,846 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,640,750 |
| 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 | $522,330 |
| Total liabilities | $522,330 |
Grants Awarded
Over the last fiscal year, John Chin Young Foundation has awarded $276,579 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
UH FOUNDATION PURPOSE: ART SCHOLARSHIPS | $194,579 |
CHAMINADE UNIVERSITY PURPOSE: ART SCHOLARSHIPS | $0 |
KOA GALLARY PURPOSE: SUPPORT ARTS | $0 |
DIAMOND HEAD THEATRE PURPOSE: PROMOTE THEATER | $20,000 |
HAWAII OPERA THEATER PURPOSE: PROMOTE THEATER | $20,000 |
BISHOP MUSEUM PURPOSE: PROMOTE ART | $20,000 |