Ho & Ho Lor Charitable Foundation
- Assets
- $1.7m
- Revenue
- $153.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 27-1060658
Organization Overview
Ho & Ho Lor Charitable Foundation is located in New York, NY. 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. Ho & Ho Lor Charitable 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, Ho & Ho Lor Charitable Foundation generated $153.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $211.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ho & Ho Lor Charitable Foundation has awarded 211 individual grants totaling $755,750. 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 |
|---|---|---|---|
Mary L Ho Secretary | 5 | $0 | |
Tim Buford President | 5 | $0 | |
Helen L Ho Vice President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,065 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $153,929 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,390 |
| Depreciation | $60,000 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,874 |
| Total operating and administrative expenses | $140,677 |
| Contributions, gifts, grants paid | $71,000 |
| Total expenses and disbursements | $211,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,829 |
| 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 | $1,622,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,708,329 |
| 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 | $491,550 |
| Total liabilities | $491,550 |
Grants Awarded
Over the last fiscal year, Ho & Ho Lor Charitable Foundation has awarded $71,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST STUDENT MISSION PURPOSE: DONATION FOR KIDS & MISSIONARIES SUPPORTS | $0 |
CHINESE BAPTIST CHURCH OF HOUSTION PURPOSE: CHARITY | $0 |
EL EL YON PURPOSE: CHARITY | $0 |
GRACE WOOD PURPOSE: CHARITY | $0 |
HEARNE CHURCH OF CHRIST PURPOSE: CHARITY | $0 |
HORIZON MISSION PURPOSE: CHARITY | $0 |