Grace Yang Fong Memorial Scholarship Foundation
- Assets
- $131.3k
- Revenue
- $1.5k
- Investments
- $107.8k
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 38-3610872
Organization Overview
Grace Yang Fong Memorial Scholarship Foundation is located in St Louis, MO. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Grace Yang Fong Memorial Scholarship 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, Grace Yang Fong Memorial Scholarship Foundation generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.4%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Lee President/director | 2 | $0 | |
Mark Lee Vice-President/director | 1 | $0 | |
Grace Lee Secretary/treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,372 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $1,023 |
| Contributions, gifts, grants paid | $7,300 |
| Total expenses and disbursements | $8,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,017 |
| Savings and temporary cash investments | $18,419 |
| 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 | $131,281 |
| 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, Grace Yang Fong Memorial Scholarship Foundation has awarded $10,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL INSTITUTE OF ST LOUIS PURPOSE: REFUGEE/IMMIGRANT SUPPORT; ASSIST IN TRANSITIONING TO LIFE IN US | $8,000 |
ST LOUIS CHINESE GOSPEL CHURCH PURPOSE: GENERAL MISSIONS - PROMOTING THE GOSPEL OF JESUS CHRIST | $1,500 |
CAST FOR KIDS PURPOSE: ASSIST CHILDREN WITH SPECIAL NEEDS. | $500 |