Y Kwong And R Fok Foundation Inc
- Assets
- $1.0m
- Revenue
- $75.6k
- Investments
- $219.6k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 10/1996
- Data as of
- 12/2020
- EIN
- 77-0411065
Organization Overview
Y Kwong And R Fok Foundation Inc is located in Bakersfield, CA. The organization was established in 1996. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Y Kwong And R Fok 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.
For the year ending 12/2020, Y Kwong And R Fok Foundation Inc generated $75.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $52.1k during the year ending 12/2020. While expenses have increased by 1.4% per year over the past 5 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, Y Kwong And R Fok Foundation Inc has awarded 22 individual grants totaling $242,250. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF RELIGIOUS PURSUITS.
SUPPORT OF MEDICAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuen Kwong CEO | 0 | $0 | |
Fok CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,227 |
| Capital Gain Net Income | $8,227 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $83 |
| Contributions, gifts, grants paid | $52,050 |
| Total expenses and disbursements | $52,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,013 |
| Savings and temporary cash investments | $731,531 |
| 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 | $1,005,141 |
| 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, Y Kwong And R Fok Foundation Inc has awarded $52,050 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: MEDICAL SERVICES | $25,000 |
REDEEMER LUTHERAN CHURCH PURPOSE: RELIGIOUS | $14,000 |
CHINESE CHRISTIAN MISSION PURPOSE: RELIGIOUS | $12,800 |
KMC FOUNDATION PURPOSE: MEDICAL SERVICES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Of California State University Sacramento Sacramento, CA | $14,200,718 | $8,069,770 |
Spartan Shops Inc San Jose, CA | $18,843,295 | $4,519,374 |
Associated Students Of San Jose State University San Jose, CA | $17,759,184 | $9,442,445 |
Associated Students California State University Northridge, CA | $14,084,003 | $8,900,841 |
Sobrato Early Academic Language Program Milpitas, CA | $5,995,539 | $10,223,383 |
Treasures 4 Teachers Inc Tempe, AZ | $906,225 | $6,117,568 |
Associated Students Of The University Of Calif At Berkeley Berkeley, CA | $18,955,091 | $5,130,902 |
Summit Leadership-High Desert Hesperia, CA | $3,143,536 | $5,042,457 |
Santos Manuel Student Union Of Ca State Univ San Bernardino San Bernardino, CA | $7,868,233 | $6,217,008 |
University-Student Union Board Of Cal State University Los Angeles Los Angeles, CA | $6,962,494 | $5,035,596 |
Ignite Oakland, CA | $4,118,665 | $5,757,971 |
School On Wheels Inc Los Angeles, CA | $2,411,367 | $3,376,457 |