Leong Man Way Foundation Inc
- Assets
- $68.0k
- Revenue
- $5.2k
- Investments
- $67.8k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-2738913
Organization Overview
Leong Man Way Foundation Inc is located in San Francisco, CA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Leong Man Way Foundation Inc 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, Leong Man Way Foundation Inc generated $5.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $28.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Chen Executive Director | 2 | $0 | |
Lani Way President | 2 | $0 | |
Carolyn Hee Secretary | 0 | $0 | |
Marty Way CFO | 0 | $0 | |
Andrew Leong Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,475 |
| Capital Gain Net Income | $1,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,841 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112 |
| Total operating and administrative expenses | $9,753 |
| Contributions, gifts, grants paid | $19,007 |
| Total expenses and disbursements | $28,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206 |
| Savings and temporary cash investments | $0 |
| 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 | $68,007 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,268 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,268 |
Grants Awarded
Over the last fiscal year, Leong Man Way Foundation Inc has awarded $19,007 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE HOSPITAL PURPOSE: COMPASSION FUND | $7,000 |
CHINESE HISTORICAL SOCIETY OF AMERICA PURPOSE: SUPPORT CHARTER TO EDUCATION AND INFORM ABOUT THE ASIAN AMERICAN EXPERIENCE. | $6,000 |
IMMIGRANTS RISING PURPOSE: SUPPORT TO TRANSFORM THE IMMIGRANT EXPERIENCE THROUGH EDUCATION AND BUSINESS ENTERPRISE. IMMIGRANTS RISING EMPOWERS UNDOCUMENTED YOUNG PEOPLE TO ACHIEVE EDUCATIONAL AND CAREER GOALS THROUGH PERSONAL, INSTITUTIONAL AND POLICY TRANSFORMATION. | $3,500 |
CALIFORNIA BLUEGRASS ASSOCIATION PURPOSE: SUPPORT FOR SUPPORT AND RAISE AWARENESS ABOUT ADOPTION THROUGH BLUEGRASS MUSIC. | $2,507 |