Hong's Cultural & Education Foundation

Nonprofit profile at a glance

EIN
271571672
IRS 990 coverage
2010–2018
Forms available
Form 990 2018, Form 990-N 2017
Location
Cupertino, CA, USA
Phone
8778295500
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$0
Assets
$1,925,603
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • FRANK HONG (CEO & PRESIDENT)

People named in this filing

  • ALBERT HONG (DIRECTOR)
  • GRACE KUAMME (DIRECTOR)
  • FRANK HONG (CEO & PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Primary objectives and purposes of this corporation shall be the education of children and adults who wish to know and further promote the native taiwanese culture. The organization will strive to open minds and encourage dialogues regarding the past, present and future of taiwan.

What it reported doing in 2018

The organization had sponsored happy kids day held in cupertino, California for the last several years. The day was dedicated to the children of all nationality starting with the taiwanese children. The first year the focus was on taiwanese culture. The attendees learned about taiwanese food, crafts, music and food. More than 10,000 children and adults attended the event. The second year's activities included other ethnic groups such as indian and japanese. This time, the attendees were more than 12,000. The hong's cultural & educational foundation had donated to schools in oakland and los gatos.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 81
  • Accountability: 70
  • Sustainability: 8
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 11th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -15.6% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -45.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2010 to 2018
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.