Nonprofit · EIN 82-1256009
HKANC SCHOLARSHIP FOUNDATION
Tax-exempt · SAN FRANCISCO, CA 94104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $13,088 | $15,747 | -$2,659 | $123,619 | – | $123,619 |
| December 31, 2023 | 990-EZ | $21,819 | $15,676 | $6,143 | $126,278 | – | $126,278 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Net income from fundraising events
- $13,088
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $25
- Printing, publications and postage
- $81
- Other expenses
- $641
- Program services (functional)
- $15,000
Balance sheet and other
- Total assets, start of year
- $126,278
- Total assets, end of year
- $123,619
- Total liabilities, end of year
- –
- Net assets, end of year
- $123,619
- Cash, savings and investments
- $123,619
- Gross receipts
- $38,817
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KORY LAM | CHAIRWOMAN | 1 | $0 |
| ANNE MAK | Board Member | 1 | $0 |
| GARRY WONG | Board Member | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KORY LAM | CHAIRWOMAN | 1 | $0 |
| ANNE MAK | Board Member | 1 | $0 |
| GARRY WONG | Board Member | 1 | $0 |
| HARRIET LEUNG | Board Member | 1 | $0 |
| WILSON LAU | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 374, SAN FRANCISCO, CA 94104-0374
- Signed the 990-EZ
- KORY LAM, CHAIRWOMAN
- Phone
- (415) 398-4506
- Website
- www.hkanc.com
- Return prepared by
- FONG KO & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 82-1256009 or by the name HKANC SCHOLARSHIP FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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.
Program accomplishments
- 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.Expenses $15,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-1256009
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $123,619
- Income (IRS master file)
- $38,817
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $13,088 | $15,747 | $123,619 | IRS |
| 990-EZ | December 2023 | $21,819 | $15,676 | $126,278 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1256009).
Questions about HKANC SCHOLARSHIP FOUNDATION
- What is the EIN of HKANC SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of HKANC SCHOLARSHIP FOUNDATION is 82-1256009.
- Is HKANC SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to HKANC SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HKANC SCHOLARSHIP FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HKANC SCHOLARSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HKANC SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of HKANC SCHOLARSHIP FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does HKANC SCHOLARSHIP FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $13,088, expenses of $15,747 and total assets of $123,619 at year end.
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