Poon Foundation
- Assets
- $281.1k
- Revenue
- $33.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 94-3308244
Organization Overview
Poon Foundation is located in San Francisco, CA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Poon 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, Poon Foundation generated $33.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $39.1k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Tsang Secretary | 1 | $540 | |
Flora Poon President | 1 | $540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $709 |
| Dividends & Interest | $0 |
| Net Rental Income | $14,035 |
| 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 | $0 |
| Total Revenue | $33,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,620 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $6,798 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,594 |
| Total operating and administrative expenses | $25,612 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $39,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $114,475 |
| 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 | $72 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $166,518 |
| Other assets | $0 |
| Total assets | $281,065 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $35,495 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,980 |
| Total liabilities | $38,475 |
Grants Awarded
Over the last fiscal year, Poon Foundation has awarded $13,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CNSC COMMUNITY PURPOSE: NEWCOMER PROGRAM | $3,000 |
ON LOKCYC PURPOSE: ON LOK/CYC | $3,250 |
YMCASELF HELP PURPOSE: YMCA PROGRAM | $2,500 |
UCBCHINESE HISTORIAL SOCIETY PURPOSE: PROGRAM | $3,000 |
ALL SF PURPOSE: CYCSF PROGRAM | $1,750 |