Ykc Foundation Inc
- Assets
- $195.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-1478835
Organization Overview
Ykc Foundation Inc is located in Somerville, MA. The organization was established in 2017. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ykc 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 12/2022, Ykc Foundation Inc generated $115.0 in total revenue. All expenses for the organization totaled $1.7k during the year ending 12/2022.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO ENGAGE IN THE BUSINESS OF SUPPORTING PROJECTS THAT ENABLE HIGHER LEARNING FOR STUDENTS OF CHINESE AND CHINESE-AMERICAN BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Yau Director | 1 | $0 | |
Isaac Chiu Director | 1 | $0 | |
Andrew Yau Director | 1 | $0 | |
Shing-Tung Yau President | 5 | $0 | |
Michale Chiu Treasurer | 1 | $0 | |
Shing-Tung Yau Clerk | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15 |
| Total Revenue | $115 |
| 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 | $1,650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35 |
| Total expenses | $1,685 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $195,667 |
| Other assets | $0 |
| Total assets | $195,667 |
| Total liabilities | $850 |
| Net assets or fund balances | $194,817 |