Nonprofit · EIN 85-0778984
GONG FAMILY FOUNDATION
Tax-exempt · NORTH SALEM, NY 10560
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $29,351,144 | $5,504,755 | $23,846,389 | $27,746,893 | $0 | $27,746,893 |
| December 31, 2023 | 990-PF | $65,873 | $1,216,058 | -$1,150,185 | $5,068,980 | $1,168,476 | $3,900,504 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,500,000
- Dividends
- $446,983
- Net gain from sales of assets
- $403,229
- Other income
- $932
Expenses
- Grants and similar amounts paid
- $5,424,639
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,424,639
- Excise tax on investment income
- $10,953
Balance sheet and other
- Total assets, start of year
- $5,068,980
- Total assets, end of year
- $27,746,893
- Total liabilities, end of year
- $0
- Net assets, end of year
- $27,746,893
- Fair market value of assets
- $33,193,805
- Qualifying distributions
- $5,424,639
- Net investment income
- $851,144
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANSON GONG 33 BIRCH HILL ROAD, BELMONT, MA 02478 | VICE PRESIDENT/SEC | 0 | $0 |
| TIM GONG 566-1-101 ZHONG SHAN NAN LU, BUND HS, SHANGHAI 200010, CH | PRESIDENT/TRESURER | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANSON GONG 33 BIRCH HILL ROAD, BELMONT, MA 02478 | VICE PRESIDENT/SEC | 0 | $0 |
| TIM GONG 566-1-101 ZHONG SHAN NAN LU, BUND HS, SHANGHAI 200010, CH | PRESIDENT/TRESURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 173 BAXTER RD, NORTH SALEM, NY 10560-2112
- Signed the 990-PF
- HANSON GONG, VICE PRESIDENT
- Phone
- (914) 669-6788
- Return prepared by
- CBIZ ADVISORS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-0778984
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $27,746,893
- Income (IRS master file)
- $30,222,091
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $29,351,144 | $5,504,755 | $27,746,893 | XML |
| 990-PF | December 2023 | $65,873 | $1,216,058 | $5,068,980 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 85-0778984).
Questions about GONG FAMILY FOUNDATION
- What is the EIN of GONG FAMILY FOUNDATION?
- The employer identification number (EIN) of GONG FAMILY FOUNDATION is 85-0778984.
- Is GONG FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GONG FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GONG FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GONG FAMILY 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 GONG FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GONG FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does GONG FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $29,351,144, expenses of $5,504,755 and total assets of $27,746,893 at year end.
Other nonprofits in NORTH SALEM
- KENNETH AND LOIS LIPPMANN CHARITABLE FOUNDATION INC EIN 13-4009287 · last filed 990-PF for 2025
- COMMUNITY BASED SERVICES FOUNDATION INC EIN 99-1249883 · last filed 990 for 2025
- MADJACK FOUNDATION INC EIN 13-4104916 · last filed 990-PF for 2024
- FRIENDS OF NORTH SALEM NURSERY SCHOOLS INC EIN 83-3008296 · last filed 990-N for 2025
- COMMUNITY BASED SERVICES INC EIN 13-3070655 · last filed 990 for 2025
- FRIENDS OF KAREN INC EIN 14-1612290 · last filed 990 for 2025
- NORTH SALEM OPEN LAND FOUNDATION INC EIN 13-2877957 · last filed 990 for 2024
- RUTH KEELER MEMORIAL LIBRARY EIN 13-6181407 · last filed 990 for 2025
All nonprofits in NORTH SALEM · New York · Philanthropy, voluntarism and grantmaking foundations