Civic Intelligence

Hw Global Foundation Inc.

EIN 46-4510112 • 501(c)3 • Rockville, MD

Pub. 78 Eligible990-N Coverage

Profile

HW Global Foundation is a non-profit educational organization. It promotes amateur sports and provide merit-based and need-based scholarships to students. Its table tennis Talent Development Program is dedicated to advancing the lives of girls and boys through the Olympic Sport of table tennis and to developing the best table tennis talents in the United States. Through this program, children will learn the skills and values, such as focus, hard work, problem-solving, perseverance, positive attitude, teamwork, self-confidence and commitment to excellence, that will help them achieve future successes in life. HW Global Foundation does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, national origin or any other basis of discrimination prohibited by law.

13605 Aqua LnRockville, MD 20850-3633

hwglobal.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-29%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$66,574

Up $9,643 (+17%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Up

$66,574

Up $9,643 (+17%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin79th percentile

Revenue

Down

$37,084

Down $14,801 (-29%) from 2020

Expenses

Up

$27,441

Up $3,429 (+14%) from 2020

Net Income

Down

$9,643

Down $18,230 (-65%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2018: $24,517Net Assets 2018: $24,5172018Assets 2019: $29,058Net Assets 2019: $29,0582019Assets 2020: $56,931Liabilities 2020: $0Net Assets 2020: $56,9312020Assets 2021: $66,574Liabilities 2021: $0Net Assets 2021: $66,5742021

Highlighted filing

2021

Assets$66,574
Liabilities$0
Net Assets$66,574
Open 2021 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2018: $100,724Expenses 2018: $85,989Net Income 2018: $14,7352018Revenue 2019: $69,282Expenses 2019: $64,741Net Income 2019: $4,5412019Revenue 2020: $51,885Expenses 2020: $24,012Net Income 2020: $27,8732020Revenue 2021: $37,084Expenses 2021: $27,441Net Income 2021: $9,6432021

Highlighted filing

2021

Revenue$37,084
Expenses$27,441
Net Income$9,643
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,574
Liabilities
$0
Net assets
$66,574
Revenue
$37,084
Expenses
$27,441
Net income
$9,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.37$0.27$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.52$0.24$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.29$0.69$0.65$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.25$1.01$0.86$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 15, 2022
Return Version
2021v4.0
Gross Receipts
$72,050
Mission and Program Overview

Mission

HW Global Foundation is a non-profit educational organization. It promotes amateur sports and provide merit-based and need-based scholarships to students. Its table tennis Talent Development Program is dedicated to advancing the lives of girls and boys through the Olympic Sport of table tennis and to developing the best table tennis talents in the United States. Through this program, children will learn the skills and values, such as focus, hard work, problem-solving, perseverance, positive attitude, teamwork, self-confidence and commitment to excellence, that will help them achieve future successes in life. HW Global Foundation does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, national origin or any other basis of discrimination prohibited by law.

HW Global Foundation is a non-profit educational organization dedicated to helping kids reach their full potential. HWGF's Youth Table Tennis Development Program is dedicated to advancing the lives of girls and boys through the Olympic Sport of table tennis and to developing table tennis talents in the U.S. by providing grants financial support and supplemental training. Children in this program learn the skills and values of focus hard work problem-solving perseverance positive attitude teamwork self-confidence and commitment to excellence all of which enable them to achieve future successes in various aspects of their lives.

Program Services

DescriptionGrantsExpenses
Providing financial support to young table tennis players with their table tennis training equipment and tournament entry fees 30+ children age 7-18 including several nationally top ranked players in their respective age groups; three of whom made the U.S. National Youth Team in 2021. These National Team members competed in international competitions and medaled for Team USA.$11,868$0
Providing grants to help Maryland Table Tennis Junior Team pay for the Team's coaching expenses at regional and national tournaments 20+ children age 8-18,$9,933$0
Organizing group physical training with an experienced professional trainer 6 elite young athletes age 12-16 three of whom are members of the U.S. National Youth Team in 2021.$0$4,395
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elissa LinBoard Of Director-$0--
Barbara WeiBoard Of Director-$0--
Wen HsuDirector And TreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
HW Global Foundation Inc
EIN
46-4510112
In Care Of
% Wen Hsu
Address
13605 Aqua Ln, Rockville, MD 20850-3633

Signing Officer

Name
Wen Hsu
Title
Treasurer
Signed
2022-04-15
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 10

“| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Providing Table Tennis Tournament Coaching to talented junior table tennis players several of whom made the U.S. National Table Tennis Youth Team in 2021, Maryland Table Tennis Center, "18761 N Frederick Ave Gaithersburg MD 20879", $9933.00, None| Need based Scholarships, grantee, "Providing financial assistance to underprivileged talented table tennis children by paying for their training and tournament entry fees", $2668.00, No Relationship| Table Tennis development including one-on-one training and match analyses, grantee, "mostly for players with potential of making the U.S. National and Olympic Teams in the future", $9200.00, No Relationship| Table Tennis equipment sponsorships to student athletes by providing them with quality table tennis for competition, Sport Squad, "2101 Gaither Rd Suite 125 Rockville MD 20850", $1100.00, None|”

Part I, line 16

“| Other Expenses:, Amount:| Filing State Registration 1099 and Taxes, $58.00|”

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PrimaryExemptPurposeTxt0HW Global Foundation is a non-profit educational organization dedicated to helping kids reach their full potential. HWGF's Youth Table Tennis Development Program is dedicated to advancing the lives of girls and boys through the Olympic Sport of table tennis and to developing table tennis talents in the U.S. by providing grants financial support and supplemental training. Children in this program learn the skills and values of focus hard work problem-solving perseverance positive attitude teamwork self-confidence and commitment to excellence all of which enable them to achieve future successes in various aspects of their lives.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Providing Table Tennis Tournament Coaching to talented junior table tennis players several of whom made the U.S. National Table Tennis Youth Team in 2021, Maryland Table Tennis Center, "18761 N Frederick Ave Gaithersburg MD 20879", $9933.00, None| Need based Scholarships, grantee, "Providing financial assistance to underprivileged talented table tennis children by paying for their training and tournament entry fees", $2668.00, No Relationship| Table Tennis development including one-on-one training and match analyses, grantee, "mostly for players with potential of making the U.S. National and Olympic Teams in the future", $9200.00, No Relationship| Table Tennis equipment sponsorships to student athletes by providing them with quality table tennis for competition, Sport Squad, "2101 Gaither Rd Suite 125 Rockville MD 20850", $1100.00, None|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| Filing State Registration 1099 and Taxes, $58.00|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 10
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Wen Hsu
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-15
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ReturnHeader/Filer/BusinessNameControlTxt0HWGL
ReturnHeader/Filer/EIN0464510112
ReturnHeader/Filer/ForeignPhoneNum02039790978
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ReturnHeader/Filer/USAddress/CityNm0Rockville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd0208503633
ReturnHeader/ReturnTs02022-04-15T07:57:07-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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