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← FRIENDS OF HONG KONG CHARITIES INC

Form 990 for tax year 2024

Filed by FRIENDS OF HONG KONG CHARITIES INC.

Totals

Total revenue
$6,242,642
Total expenses
$6,203,626
Contributions and grants received
$6,238,773
Grants paid
$6,136,114
Program service revenue
$0
Investment income
$3,869
Other revenue
$0
Total assets, end of year
$1,892,936
Total liabilities, end of year
$2,007,618
Net assets or fund balances, end of year
-$114,682
Program services expenses (Part IX)
$6,190,124
Management and general expenses
$13,502
Fundraising expenses
$0
Program service expenses (Part III)
$6,190,124

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,238,773

  • 3 · Investment income

    total $3,869 · excluded $3,869

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $6,136,114 · program services $6,136,114

  • 11a · Fees: management

    total $53,844 · program services $43,075 · management and general $10,769

  • 11b · Fees: legal

    total $572 · program services $458 · management and general $114

  • 11c · Fees: accounting

    total $9,160 · program services $7,328 · management and general $1,832

  • 13 · Office expenses

    total $3,337 · program services $2,670 · management and general $667

  • 14 · Information technology

    total $599 · program services $479 · management and general $120

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,780,842 · end of year $1,885,337

  • 3 · Pledges and grants receivable

    beginning of year $7,585 · end of year $7,599

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,211 · end of year $7,526

  • 18 · Grants payable

    beginning of year $1,913,626 · end of year $2,000,092

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$148,410 · end of year -$114,682

Mission and programs · 2024

Mission

FRIENDS OF HONG KONG CHARITIES IS A VOLUNTEER ORGANIZATION THAT IS COMMITTED TO ENABLING FAITHFUL FINANCIAL STEWARDSHIP TO CHARITABLE ORGANIZATIONS SERVING IN AND FROM HONG KONG.

Activities or mission (Part I)

TO SUPPORT CHARITABLE ORGANIZATIONS SERVING IN AND FROM HONG KONG.

  • TO ALLOW US CITIZENS PREDOMINANTLY LIVING IN HONG KONG TO SUPPORT HONG KONG CHARITIES WHEREBY THEIR DONATIONS ARE RECOGNIZED AS CHARITABLE DONATIONS IN THE US THUS ENCOURAGING MORE DONATIONS AND SUPPORT FOR THESE CHARITIES.

    Expenses $6,190,124 · Grants $6,136,114

As filed on the 2024 return.

Listed in Part VII

  • David K Sutherland

    CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • James C Glover

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Andrew M Ostrognai

    DIRECTOR (THRU 04/24)

    Total calculated
    $0
    Hours/week
    0.1

  • Tobin Allyn Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349315823

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