Khaw Family Foundation
- Assets
- $702.5k
- Revenue
- $62.8k
- Investments
- $617.9k
- Employees
- 0
- Location
- Media, PA
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-4154760
Organization Overview
Khaw Family Foundation is located in Media, PA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Khaw Family 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 12/2023, Khaw Family Foundation generated $62.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $40.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASIAN AMERICANS UNITED - TO PROMOTE CROSS CULTURAL UNDERSTANDING
ST VINCENT DEPAUL CHURCH - TO PROMOTE CROSS CULTURAL UNDERSTANDING
MEDIA FIRST UMC - TO PROMOTE CROSS CULTURAL UNDERSTANDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Khaw President | 1 | $0 | |
Christina Joy Director | 1 | $0 | |
Adrian Khaw Director | 1 | $0 | |
Bliss Khaw Director | 1 | $0 | |
Daniel Washburn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $875 |
| Total Revenue | $62,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,801 |
| Total operating and administrative expenses | $10,826 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $40,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,675 |
| 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 | $25,000 |
| Total assets | $702,544 |
| 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, Khaw Family Foundation has awarded $30,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT DEPAUL CHURCH PURPOSE: TO PROMOTE CROSS CULTURAL UNDERSTANDING | $5,000 |
FACE TO FACE PURPOSE: TO PROMOTE CROSS CULTURAL UNDERSTANDING | $2,500 |
CHESTER CHILDRENS CHORUS PURPOSE: TO PROMOTE CROSS CULTURAL UNDERSTANDING | $1,500 |
HEDGEROW THEATRE COMPANY PURPOSE: TO PROMOTE CROSS CULTURAL UNDERSTANDING | $1,500 |
MEDIA FIRST UNITED METHODIST CHURCH PURPOSE: TO PROMOTE CROSS CULTURAL UNDERSTANDING | $5,000 |
MEDIA ARTS COUNCIL PURPOSE: TO PROMOTE CROSS CULTURAL UNDERSTANDING | $1,500 |