Hkanc Scholarship Foundation
Nonprofit profile at a glance
- EIN
- 821256009
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- San Francisco, CA, USA
- Phone
- 4153984506
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $13,088
- Expenses
- $15,747
- Assets
- $123,619
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- KORY LAM (CHAIRWOMAN)
- ANNE MAK (Board Member)
- GARRY WONG (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation's sole activity is the awarding of scholarships to undergraduate and graduate university students of high academic distinction. This is based on the belief that investing in today's youth will help to ensure that students strive to achieve thier goals and to develop into leaders of tomorrow. The scholarships are awarded to the students in the university of California, berkeley and san francisco state university.
What it reported doing in 2024
The foundation's sole activity is the awarding of scholarships to undergraduate and graduate university students of high academic distinction. This is based on the belief that investing in today's youth will help to ensure that students strive to achieve thier goals and to develop into leaders of tomorrow. The scholarships are awarded to the students in the university of California, berkeley, san francisco state university, and san jose state university.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 44
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.3%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -20.3%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 7.85; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: -11.6% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: 12.7% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 23/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.