The Hwang Foundation
- Assets
- $1.9m
- Revenue
- $86.2k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 26-1621876
Organization Overview
The Hwang Foundation is located in Wilmington, DE. The organization was established in 2010. 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. Hwang 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, Hwang Foundation generated $86.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $124.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hwang Foundation has awarded 183 individual grants totaling $647,760. 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.
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 |
|---|---|---|---|
Jesse Hwang Dir | 1 | $0 | |
Ray-Way Hwang Pres, Dir, Sec | 1 | $0 | |
Raymond Hwang Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $158 |
| Dividends & Interest | $60,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,890 |
| Capital Gain Net Income | $25,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,025 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,653 |
| Total operating and administrative expenses | $33,943 |
| Contributions, gifts, grants paid | $90,820 |
| Total expenses and disbursements | $124,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,349 |
| 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 | $1,940,581 |
| 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, The Hwang Foundation has awarded $90,820 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
7 STAGES DISCIPLESHIP BRIDGES PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
AMAZING LOVE INC PURPOSE: COSMIC LIGHT GENERAL FUND | $3,000 |
AMBASSADORS FOR CHRIST INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
BCM INTERNATIONAL INC PURPOSE: BCM ECUADOR FUND | $2,500 |
BCM INTERNATIONAL INC PURPOSE: PENNIES FOR PERU | $2,500 |
BCM INTERNATIONAL INC PURPOSE: GLOBAL MINISTRY FUND | $5,000 |