Ong Family Foundation
- Assets
- $1.2m
- Revenue
- $136.6k
- Investments
- $861.9k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1998
- Data as of
- 01/2024
- EIN
- 13-3986239
Organization Overview
Ong Family Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Ong Family 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, Ong Family Foundation generated $136.6k in total revenue. All expenses for the organization totaled $49.6k during the year ending 01/2024.
Since 2015, Ong Family Foundation has awarded 193 individual grants totaling $4,401,614. 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
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT OTHER 501(C)(3) TAX EXEMPT ORGANIZATIONS THROUGH ITS CONTRIBUTIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny O Yee Trustee | 1 | $0 | |
Stephanie I Yee Trustee | 1 | $0 | |
Donald Ong Yee Trustee | 1 | $0 | |
Larry Ong Yee Trustee | 1 | $0 | |
Nelson Louis Executive Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,650 |
| Interest on Savings | $122,031 |
| Dividends & Interest | $3,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,505 |
| Interest | $0 |
| Taxes | $486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,026 |
| Total operating and administrative expenses | $25,642 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $49,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,368 |
| Savings and temporary cash investments | $272,779 |
| 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 | $861,945 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,018 |
| Total assets | $1,185,110 |
| 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, Ong Family Foundation has awarded $24,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WOMANKIND PURPOSE: ANNUAL SUPPORT FOR PROGRAM MEI HUI GALA (CANCEL) SUPPORT FOR VIRTUAL GALA FALL 2020 | $10,000 |
CHINATOWN YMCA PURPOSE: SUPPORT FOR VITUAL GALA | $2,000 |
PROJECT VISION-CHICAGO PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
FLUSHING TOWN HALL PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
ASIAN AMERICAN FEDERATION PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |