Tongs Charity Foundation
- Assets
- $5.1m
- Revenue
- $264.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-5730270
Organization Overview
Tongs Charity Foundation is located in San Francisco, CA. The organization was established in 2007. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tongs Charity 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 12/2023, Tongs Charity Foundation generated $264.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $772.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tongs Charity Foundation has awarded 11 individual grants totaling $1,570,368. 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 |
|---|---|---|---|
Helen Tong Lam CEO | 1 | $0 | |
Colina Tong Secretary | 1 | $0 | |
John Tong CFO | 1 | $0 | |
Franklin Tong President | 1 | $0 | |
Peter Tong Officer | 1 | $0 | |
Janyu Tong Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,545 |
| Net Rental Income | -$12,128 |
| Net Gain on Sale of Assets | $60,637 |
| Capital Gain Net Income | $60,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $264,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,671 |
| Depreciation | $36,441 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,202 |
| Printing and publications | $0 |
| Other expenses | $8,392 |
| Total operating and administrative expenses | $112,177 |
| Contributions, gifts, grants paid | $660,075 |
| Total expenses and disbursements | $772,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,653 |
| Savings and temporary cash investments | $122 |
| 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 | $775,050 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,328 |
| Other assets | $0 |
| Total assets | $5,068,280 |
| 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, Tongs Charity Foundation has awarded $660,075 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: TO ASSIST WITH PROVIDING MEDICAL SUPPORT TO UNDERPRIVILEGED PEOPLE ACROSS THE WORLD. | $37,300 |
RED CROSS PURPOSE: DONATION OF COATS TO HAVE THE RED CROSS DONATE TO THE ELDERLY. | $622,775 |