Kung Charities Inc
- Assets
- $2.0m
- Revenue
- -$175.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Laguna Niguel, CA
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-4817042
Organization Overview
Kung Charities Inc is located in Laguna Niguel, 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. Kung Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Kung Charities Inc has awarded 48 individual grants totaling $301,588. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEACE PLAN (P PLANTING CHURCHES/PROMOTE RECONCILIATION, E EQUIPPING SERVANT LEADERS, A ASSISTING THE POOR, C CARING FOR THE SICK, AND E EDUCATING THE NEXT GENERATION).ALL OF THE CHARITABLE WORKS ARE BEING DONE FOLLOWING CALIFORNIA SADDLEBACK CHURCHS PEACE PLAN
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,000 |
| Interest on Savings | $1,418 |
| Dividends & Interest | $98,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$290,942 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$175,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9 |
| Taxes | $5,711 |
| Depreciation | $284 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $33,125 |
| Printing and publications | $0 |
| Other expenses | $27,616 |
| Total operating and administrative expenses | $68,855 |
| Contributions, gifts, grants paid | $34,450 |
| Total expenses and disbursements | $103,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,939 |
| 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 | $5,000 |
| Total assets | $2,002,419 |
| 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, Kung Charities Inc has awarded $34,450 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TAIWAN PROCLAIM CHRIST CHURCH PURPOSE: CHARITY | $12,000 |
UNITED SERVICE ORGANIZATIONS PURPOSE: CHARITY | $250 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: CHARITY | $18,000 |
VETERANS OF FORGIVEN WARS PURPOSE: CHARITY | $500 |
STRONG TOWER MINISTRIES PURPOSE: CHARITY | $1,000 |
BOYS TOWN PURPOSE: CHARITY | $200 |