Pov & May Tov Family Foundation
- Assets
- $1.4m
- Revenue
- $298.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Millbrae, CA
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-2557008
Organization Overview
Pov & May Tov Family Foundation is located in Millbrae, CA. The organization was established in 2015. 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. Pov & May Tov 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 12/2022, Pov & May Tov Family Foundation generated $298.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $86.6k during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 7 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, Pov & May Tov Family Foundation has awarded 63 individual grants totaling $225,600. 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 |
|---|---|---|---|
Pov Ming Tov President | 5 | $0 | |
Vincent Tov Secretary | 1 | $0 | |
Fanny Tov Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $268,808 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,222 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $298,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,553 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,970 |
| Total operating and administrative expenses | $13,123 |
| Contributions, gifts, grants paid | $73,500 |
| Total expenses and disbursements | $86,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,425,076 |
| 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 | $1,425,076 |
| 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, Pov & May Tov Family Foundation has awarded $73,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
TEO CHEW COMMUNITY CENTER INC PURPOSE: GENERAL SUPPORT | $12,671 |
ASIAN PACIFIC FUND PURPOSE: GENERAL SUPPORT | $5,000 |
TEO CHEW COMMUNITY CENTER INC PURPOSE: GENERAL SUPPORT | $12,329 |
SILICON VALLEY CHAO CHOW COMMUNITY PURPOSE: GENERAL SUPPORT | $500 |
COMMUNITY YOUTH CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
MILLBRAE EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000 |