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← FRIENDS OF HONG KONG CHARITIES INC

Form 990 for tax year 2023

Filed by FRIENDS OF HONG KONG CHARITIES INC.

Totals

Total revenue
$5,371,447
Total expenses
$5,387,743
Contributions and grants received
$5,367,221
Grants paid
$5,340,698
Program service revenue
$0
Investment income
$4,226
Other revenue
$0
Total assets, end of year
$1,788,427
Total liabilities, end of year
$1,936,837
Net assets or fund balances, end of year
-$148,410
Program services expenses (Part IX)
$5,350,107
Management and general expenses
$37,636
Fundraising expenses
$0
Program service expenses (Part III)
$5,350,107

Program services were 99.3% 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

    $5,367,221

  • 3 · Investment income

    total $4,226 · excluded $4,226

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $5,340,698 · program services $5,340,698

  • 11a · Fees: management

    total $35,253 · program services $7,051 · management and general $28,202

  • 11b · Fees: legal

    total $549 · program services $110 · management and general $439

  • 11c · Fees: accounting

    total $8,251 · program services $1,650 · management and general $6,601

  • 13 · Office expenses

    total $2,396 · program services $479 · management and general $1,917

  • 14 · Information technology

    total $596 · program services $119 · management and general $477

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,828,874 · end of year $1,780,842

  • 3 · Pledges and grants receivable

    beginning of year $50,363 · end of year $7,585

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,352 · end of year $23,211

  • 18 · Grants payable

    beginning of year $1,994,266 · end of year $1,913,626

  • 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 -$142,381 · end of year -$148,410

Mission and programs · 2023

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 SUPPORT VARIOUS CHARITIES IN HONG KONG.

    Expenses $5,350,107 · Grants $5,340,698

As filed on the 2023 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
    0.1

  • Andrew M Ostrognai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Tobin Allyn Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349309103

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