Hung & Lee Family Foundation
- Assets
- $56.2k
- Revenue
- $1.6k
- Investments
- $43.8k
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 08/2012
- Data as of
- 04/2024
- EIN
- 45-5329133
Organization Overview
Hung & Lee Family Foundation is located in Mountain View, CA. The organization was established in 2012. 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. Hung & Lee 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, Hung & Lee Family Foundation generated $1.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $37.3k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Hung Secretary | 1 | $0 | |
Wei-Fang Hung President & CEO | 1 | $0 | |
Olivia Lee CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $609 |
| 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 | $1,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,929 |
| Total operating and administrative expenses | $16,937 |
| Contributions, gifts, grants paid | $20,350 |
| Total expenses and disbursements | $37,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,399 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,192 |
| 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 | $11,067 |
| Total liabilities | $11,067 |
Grants Awarded
Over the last fiscal year, Hung & Lee Family Foundation has awarded $20,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY HEALTH FOUNDATION PURPOSE: TO SUPPORT, INNOVATE, AND ADVOCATE BETTER HEALTH FOR ALL IN SANTA CLARA COUNTY | $350 |
MIZUTOMO KIKO FOUNDATION PURPOSE: TO SUPPORT ADVANCEMENT OF EDUCATION AND SCIENCE; PROVIDE FINANCIAL RELIEF TO THE POOR, THE DISTRESSED AND UNDERPRIVILEGED;SUPPORT UNIVERSITIES, SCHOOLS, LIBRARIES, CHURCHES, TEMPLES AND OTHER PLACES OF GENERAL PUBLIC BENEFIT. | $20,000 |