Hkanc Scholarship Foundation
- Assets
- $120.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-1256009
Organization Overview
Hkanc Scholarship Foundation is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Hkanc Scholarship 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, Hkanc Scholarship Foundation generated $38.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $15.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION'S SOLE ACTIVITY IS THE AWARDING OF SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE UNIVERSITY STUDENTS OF HIGH ACADEMIC DISTINCTION. THIS IS BASED ON THE BELIEF THAT INVESTING IN TODAY'S YOUTH WILL HELP TO ENSURE THAT STUDENTS STRIVE TO ACHIEVE THIER GOALS AND TO DEVELOP INTO LEADERS OF TOMORROW. THE SCHOLARSHIPS ARE AWARDED TO THE STUDENTS IN THE UNIVERSITY OF CALIFORNIA, BERKELEY AND SAN FRANCISCO STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kory Lam Chairwoman | 1 | $0 | |
Anne Mak Board Member | 1 | $0 | |
Garry Wong Board Member | 1 | $0 | |
Harriet Leung Board Member | 1 | $0 | |
Wilson Lau Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,662 |
| Other Revenue | $0 |
| Total Revenue | $38,662 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $661 |
| Total expenses | $15,661 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,135 |
| Other assets | $0 |
| Total assets | $120,135 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,135 |