Mak Family Foundation Inc
- Assets
- $1.2m
- Revenue
- -$14.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Guttenberg, NJ
- Founding
- Data as of
- 06/2024
- EIN
- 52-2420748
Organization Overview
Mak Family Foundation Inc is located in Guttenberg, NJ. 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. Mak Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Mak Family Foundation Inc has awarded 19 individual grants totaling $277,885. 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 |
|---|---|---|---|
Mac C P Mak President | 2 | $0 | |
Susan Yuk Shin Mak Board Member | 1 | $0 | |
Elsie Kit Ying Mak Board Member | 1 | $0 | |
Agnes Kung Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,736 |
| Dividends & Interest | $41,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60,560 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$14,259 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,734 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190 |
| Total operating and administrative expenses | $11,481 |
| Contributions, gifts, grants paid | $78,255 |
| Total expenses and disbursements | $89,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,848 |
| Savings and temporary cash investments | $58,333 |
| 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 | $1,224,284 |
| 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, Mak Family Foundation Inc has awarded $78,255 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TRANSFIGURATION CHURCH PURPOSE: GENERAL PURPOSES | $2,200 |
FAMILY HARMONY ASSOCIATION INC PURPOSE: FUNDING YOUTH PROGRAM | $10,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL PURPOSES | $10,000 |
ALL OTHER CHARITIES PURPOSE: GENERAL PURPOSES | $2,055 |
RELIGIOUS TEACHERS FILIPPIN PURPOSE: SUBSIDY TO RETIRED NUNS | $4,000 |
CARDINAL KUNG FOUNDATION INC PURPOSE: GENERAL PURPOSES | $50,000 |