Eugene And Lai Wong Foundation
- Assets
- $990.3k
- Revenue
- -$993.0
- Investments
- $272.8k
- Employees
- 0
- Location
- Reno, NV
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 56-2467140
Organization Overview
Eugene And Lai Wong Foundation is located in Reno, NV. The organization was established in 2005. 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. Eugene And Lai Wong Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Eugene And Lai Wong Foundation has awarded 104 individual grants totaling $291,893. 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 |
|---|---|---|---|
Eugene Wong Trustee, Pres & Treasurer | 0.25 | $0 | |
Lai Wong Trustee, V.P. & Secretary | 0.25 | $0 | |
Richard Yook Trustee | 0.25 | $0 | |
Vanessa C Wong Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $1,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,096 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,070 |
| Depreciation | $30,582 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,126 |
| Total operating and administrative expenses | $54,578 |
| Contributions, gifts, grants paid | $37,480 |
| Total expenses and disbursements | $92,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,162 |
| 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 | $272,828 |
| Net Land, buildings, and equipment | $675,662 |
| Other assets | $9,650 |
| Total assets | $990,302 |
| 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, Eugene And Lai Wong Foundation has awarded $37,480 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEVADA RENO PURPOSE: CHARITABLE | $10,000 |
EZ FOUNDATION PURPOSE: CHARITABLE | $9,500 |
ARTOWN PURPOSE: CHARITABLE | $5,000 |
GUIDE DOGS FOR THE BLIND PURPOSE: CHARITABLE | $5,080 |
LAYMAN'S FOUNDATION PURPOSE: CHARITABLE | $1,500 |
LEADERSHIP FOUNDATION PURPOSE: CHARITABLE | $1,500 |