Raybin Q Wong Foundation
- Assets
- $6.6m
- Revenue
- $827.2k
- Investments
- $6.5m
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 11-3472626
Organization Overview
Raybin Q Wong Foundation is located in White Plains, NY. The organization was established in 1999. 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. Raybin Q Wong 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 12/2021, Raybin Q Wong Foundation generated $827.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $399.8k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 6 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 2014, Raybin Q Wong Foundation has awarded 57 individual grants totaling $1,368,081. 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 |
|---|---|---|---|
Peizhen Shao Vice President | 20 | $60,000 | |
Abraham Chen Trustee | 1 | $0 | |
Yanan Xia President | 1 | $0 | |
Yaupui Wong Trustee | 1 | $0 | |
Michael Yu Trustee | 1 | $0 | |
James Tang Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,615 |
| Dividends & Interest | $194,998 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $614,554 |
| Capital Gain Net Income | $614,554 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $827,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,564 |
| Interest | $0 |
| Taxes | $10,854 |
| Depreciation | $0 |
| Occupancy | $25,200 |
| Travel, conferences, and meetings | $3,580 |
| Printing and publications | $0 |
| Other expenses | $3,119 |
| Total operating and administrative expenses | $111,067 |
| Contributions, gifts, grants paid | $288,723 |
| Total expenses and disbursements | $399,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,544 |
| Savings and temporary cash investments | $77,345 |
| 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 | $6,482,386 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,582,275 |
| Accounts payable and accrued expenses | $2,750 |
| 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 | $2,750 |
Grants Awarded
Over the last fiscal year, Raybin Q Wong Foundation has awarded $288,723 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Flushing, NY PURPOSE: STUDENT AID & MEMORIAL NURSING INSTITUTION | $70,000 |
Long Island City, NY PURPOSE: SCHOLARSHIP & JOB TRAINING | $60,000 |
Flushing, NY PURPOSE: TEACHING TRAINING | $51,352 |
Irvington, NY PURPOSE: CHILDREN SPORTS SCHOLARS | $40,271 |
FULBRIGHT SCHOLARSHIP PURPOSE: ENGLISH TEACHER ASSISTANT PROGRAM | $34,200 |
McLean, VA PURPOSE: SCHOLARSHIP | $12,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |