Herbert Kong Family Foundation
- Assets
- $282.2k
- Revenue
- $228.7k
- Investments
- $49.3k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 07/2011
- Data as of
- 04/2024
- EIN
- 45-2489442
Organization Overview
Herbert Kong Family Foundation is located in San Jose, CA. The organization was established in 2011. 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. Herbert Kong Family 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 04/2024, Herbert Kong Family Foundation generated $228.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $31.5k during the year ending 04/2024. While expenses have increased by 11.2% 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 2016, Herbert Kong Family Foundation has awarded 54 individual grants totaling $146,275. 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 |
|---|---|---|---|
Herbert Hoi Kong President & CEO | 2 | $0 | |
Kuei Min Lin Secretary & CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $220,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,364 |
| Capital Gain Net Income | $4,364 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $228,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $508 |
| Depreciation | $4,019 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,787 |
| Total operating and administrative expenses | $11,482 |
| Contributions, gifts, grants paid | $20,005 |
| Total expenses and disbursements | $31,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,683 |
| Savings and temporary cash investments | $190,000 |
| 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 | $49,333 |
| Net Land, buildings, and equipment | $36,173 |
| Other assets | $0 |
| Total assets | $282,189 |
| Accounts payable and accrued expenses | $3,280 |
| 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 | $3,280 |
Grants Awarded
Over the last fiscal year, Herbert Kong Family Foundation has awarded $20,005 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY CHRISTIAN ACADEMY PURPOSE: TO EDUCATE THE WHOLE STUDENT WITHIN A CHRISTIAN CONTEXT OF SPIRITUAL, SOCIAL, MENTAL, AND PHYSICAL DEVELOPMENT. AS AN EXTENSION OF THE MINISTRY OF THE CHURCH, WE EXIST TO HELP STUDENTS CULTIVATE A RELATIONSHIP WITH GOD THROUGH JESUS CHRIST, TO DISCOVER AND ENCOURAGE THEIR GIFTS, AND TO INSPIRE EACH STUDENT TO REALIZE HIS OR HER FULL POTENTIAL IN SERVING GOD IN SPIRIT AND IN TRUTH. | $735 |
THE CHRISTIAN AND MISSIONARY ALLIAN PURPOSE: TO CARRY OUT OUR ALL OF JESUS FOR ALL THE WORLD VISION BY CARING FOR SUFFERING AND OVERLOOKED PEOPLE THROUGH 2,000 U.S. CHURCHES AND MORE THAN 700 INTERNATIONAL WORKERS SERVING IN 70 COUNTRIES. | $1,500 |
VENTURE CHRISTIAN CHURCH PURPOSE: TO HELP PEOPLE FIND AND FOLLOW JESUS. OUR PASSION IS TO SERVE OUR COMMUNITY, MEETING PEOPLE WHERE THEY ARE, AND ENCOURAGING THEM TO TAKE A STEP IN ORDER TO DISCOVER THE KINGDOM OF GOD IN REAL LIFE. | $13,350 |
WORLD VISION PURPOSE: TO FOLLOW OUR LORD AND SAVIOR JESUS CHRIST IN WORKING WITH THE POOR AND OPPRESSED TO PROMOTE HUMAN TRANSFORMATION, SEEK JUSTICE, AND BEAR WITNESS TO THE GOOD NEWS OF THE KINGDOM OF GOD. | $360 |
CARNEGIE MELLON UNIVERSITY PURPOSE: TO CREATE A TRANSFORMATIVE EDUCATIONAL EXPERIENCE FOR STUDENTS FOCUSED ON DEEP DISCIPLINARY KNOWLEDGE; PROBLEM SOLVING; LEADERSHIP, COMMUNICATION, AND INTERPERSONAL SKILLS; AND PERSONAL HEALTH AND WELL-BEING. | $100 |
CHINESE CHURCH IN CHRIST SOUTH VALL PURPOSE: TO MAKE DISCIPLES OF LIVES CHANGED BY GOD AND SEND THEM OUT! | $200 |