Hong-Yen And Lin-Run Hsu Charitable Foundation
- Assets
- $8.5m
- Revenue
- $963.9k
- Investments
- $8.1m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 33-0419283
Organization Overview
Hong-Yen And Lin-Run Hsu Charitable Foundation is located in Long Beach, CA. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hong-Yen And Lin-Run Hsu 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, Hong-Yen And Lin-Run Hsu Charitable Foundation generated $963.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $659.6k during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hong-Yen And Lin-Run Hsu Charitable Foundation has awarded 52 individual grants totaling $4,147,000. 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 |
|---|---|---|---|
Chau Hsu President | 2 | $0 | |
Melissa See Treasurer | 2 | $0 | |
David Lu Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $641,000 |
| Interest on Savings | $231 |
| Dividends & Interest | $222,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,909 |
| Capital Gain Net Income | $99,909 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$57 |
| Total Revenue | $963,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,333 |
| Total operating and administrative expenses | $84,096 |
| Contributions, gifts, grants paid | $575,500 |
| Total expenses and disbursements | $659,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,714 |
| Savings and temporary cash investments | $392,386 |
| 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 | $24,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $720,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,503,830 |
| 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, Hong-Yen And Lin-Run Hsu Charitable Foundation has awarded $575,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRION RESEARCH INSTITUTE PURPOSE: RESEARCH | $30,000 |
CHRISTIAN WITNESS THEOLOGICAL SEMINARY PURPOSE: RELIGIOUS OUTREACH | $10,000 |
PRESBYTERIAN FOUNDATION PURPOSE: RELIGIOUS OUTREACH | $310,000 |
SALVATION ARMY PURPOSE: RELIGIOUS OUTREACH | $10,000 |
ZAUAN MEDICAL RESEARCH CENTER PURPOSE: MEDICAL RESEARCH | $155,500 |
ALABAMA AEROSPACE AND AVIATION SCHOOL PURPOSE: EDUCATION | $50,000 |