Simon & Joy Hong Foundation
- Assets
- $1.2m
- Revenue
- $206.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-4837033
Organization Overview
Simon & Joy Hong Foundation is located in Los Angeles, CA. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Simon & Joy Hong 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, Simon & Joy Hong Foundation generated $206.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $164.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Simon & Joy Hong Foundation has awarded 133 individual grants totaling $1,089,865. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S ONLY ACTIVITIES IN 2023 WERE THE DONATIONS TO RELIGIOUS NON-PROFIT ORGANIZATIONS, SUCH AS CHURCH AND CHRISTIAN MISSIONARY ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $59 |
| Dividends & Interest | $14,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,713 |
| Capital Gain Net Income | $7,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $2,310 |
| Contributions, gifts, grants paid | $162,020 |
| Total expenses and disbursements | $164,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,667 |
| Savings and temporary cash investments | $1,169,858 |
| 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 | $1,228,525 |
| 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, Simon & Joy Hong Foundation has awarded $162,020 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ACCOMPANY WORLDWIDE INC PURPOSE: CHARITABLE ORG. | $3,600 |
ALL NATIONS CHURCH PURPOSE: CHURCH | $85,300 |
CHRIST KINGDOM CHURCH PURPOSE: CHURCH | $2,400 |
GLOBAL PARTNERS PURPOSE: CHRISTIAN MISSIONARY ORG. | $2,400 |
PROFESSIONAL FOR GLOBAL MISSIONS PURPOSE: CHRISTIAN MISSIONARY ORG. | $1,200 |
GOOD NEIGHBORS PURPOSE: CHRISTIAN MISSIONARY ORG. | $420 |