Tai Yau Chung Foundation Incorporated
- Assets
- $377.3k
- Revenue
- $40.8k
- Investments
- $372.3k
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 99-0324431
Organization Overview
Tai Yau Chung Foundation Incorporated is located in Honolulu, HI. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tai Yau Chung Foundation Incorporated 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, Tai Yau Chung Foundation Incorporated generated $40.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $64.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT CANCER RESEARCH.
TO SUPPORT THE REDEVELOPMENT PROJECT OF A MEDICAL CENTER DESIGNED TO ADDRESS THE HEALTH CARE NEEDS OF HAWAII.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norah Chung Pres/vice Pres/director | 3 | $0 | |
Adelia Dung Secretary/director | 1 | $0 | |
Alvin Chung Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,000 |
| Interest on Savings | $13 |
| Dividends & Interest | $12,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,624 |
| Capital Gain Net Income | $2,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8 |
| Taxes | $983 |
| Depreciation | $0 |
| Occupancy | $7,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,032 |
| Total operating and administrative expenses | $24,397 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $64,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,997 |
| 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 | $195,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $377,279 |
| 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, Tai Yau Chung Foundation Incorporated has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STRAUB FOUNDATION PURPOSE: UNRESTRICTED | $20,000 |
ALANA DUNG RESEARCH FOUNDATION PURPOSE: UNRESTRICTED | $20,000 |