Overview
What is Hong Kong Association Of Washington Foundation?
The Hong Kong Association of Washington Foundation is a nonprofit organization situated in Redmond, Washington. Its primary mission is to support the Seattle Asian Arts Museum and contribute to the educational, medical, musical, and athletic advancement of the Asian American community. They achieve this by providing funding and hosting an annual fundraising gala to raise money for qualified charities. The foundation serves as a valuable resource for the Asian American community, promoting their growth and development through various avenues.
Official website here: www.hkaw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Hong Kong Association of Washington Foundation has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The overall score is based solely on the Accountability & Finance category, where the organization scored 77%. This score reflects a strong emphasis on responsible management and transparency in its operations.
The foundation demonstrates notable strengths, including a fully independent board, with all eight members meeting independence criteria. The organization has also shown no material diversion of assets, and it maintains effective policies regarding document retention and conflict of interest. Additionally, the program expense ratio is commendable at 83.48%, suggesting that a significant proportion of its funds is directed towards its programs rather than administrative costs.
However, the organization lacks a whistleblower policy, which has impacted its score in this area. While this limitation does not overshadow its overall performance, it suggests an area for improvement in governance practices. Overall, the Hong Kong Association of Washington Foundation stands out for its commitment to accountability and effective program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Hong Kong Association Of Washington Foundation legitimate?
Hong Kong Association Of Washington Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hong Kong Association Of Washington Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.hkaw.org
What is the mission statement of Hong Kong Association Of Washington Foundation?
The Hong Kong Association of Washington Foundation is dedicated to supporting the educational, medical, musical, and athletic advancement of Asian Americans. To achieve this, they provide funding to qualified charities. As part of their mission, they also host an annual fundraising gala to raise funds for these causes. One of their notable contributions is to the Seattle Asian Arts Museum, a non-profit organization. The foundation's aim is to contribute to the development and empowerment of the Asian American community in various aspects of life.
Official website here: www.hkaw.org
Who is the CEO of Hong Kong Association Of Washington Foundation?
Tony Chang is the President of Hong Kong Association Of Washington Foundation.
Official website here: www.hkaw.org
What is the revenue of Hong Kong Association Of Washington Foundation?
Hong Kong Association Of Washington Foundation's revenue in 2020 was $663,736.
Official website here: www.hkaw.org
Who are the executives of Hong Kong Association Of Washington Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.hkaw.org
Where can I find the form 990 for Hong Kong Association Of Washington Foundation?
Hong Kong Association Of Washington Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.hkaw.org
Learn more at the official website: www.hkaw.org
Mission Statement of Hong Kong Association Of Washington Foundation
The Hong Kong Association of Washington Foundation is committed to supporting the educational, medical, musical, and athletic advancement of Asian Americans. In pursuit of this mission, the organization provides funds to various qualified charities. One of their notable contributions is to the Seattle Asian Arts Museum, a non-profit corporation. The foundation's primary objective is to contribute to the betterment of the Asian American community in various aspects of life, from education to health and arts, aiming to foster growth and development within this demographic.
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Impact
July, 2024
The Hong Kong Association Of Washington Foundation is making a significant impact by providing funding for the educational, medical, musical, and athletic advancement of Asian Americans. Additionally, they host an annual fundraising gala to raise money for qualified charities. Their support extends to organizations like the Seattle Asian Arts Museum, furthering cultural and artistic opportunities in the community. This focused approach to contributing to the well-being and growth of Asian Americans showcases the foundation's commitment to enhancing and supporting the diverse talents within this community.
This information is meant to be a general summary of Hong Kong Association Of Washington Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Gross Receipts: $858,497
Assets and Liabilities:
- Total Assets: $372,871
- Total Liabilities: $0
- Net Assets: $372,871
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Organization Details
Founding Year
2009
Phone
(206) 419-4888Principal Officer
Tony Chang
Main Address
PO BOX 3188, REDMOND, WA, 980733188
Website
www.hkaw.orgNTEE Category
Code: A123 - Arts
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