Civic Intelligence

Hkanc Scholarship Foundation

990EZ • Fiscal year 2020 • EIN 82-1256009

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 02, 2021

Organization Profilewww.hkanc.com
PO Box 374San Francisco, CA 94104

(415) 398-4506

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

8th percentile

-94%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

30th percentile

-7.4%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-82%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$95,357

Down $7,617 (-7.4%) from 2019

Net Assets

Down

$95,357

Down $7,617 (-7.4%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin8th percentile

Revenue

Down

$8,115

Down $37,674 (-82%) from 2019

Expenses

Up

$15,732

Up $4,986 (+46%) from 2019

Net Income

Down

-$7,617

Down $42,660 (-122%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2017: $29,109Liabilities 2017: $0Net Assets 2017: $29,1092017Assets 2018: $67,931Liabilities 2018: $0Net Assets 2018: $67,9312018Assets 2019: $102,974Liabilities 2019: $0Net Assets 2019: $102,9742019Assets 2020: $95,357Liabilities 2020: $0Net Assets 2020: $95,3572020Assets 2021: $97,134Liabilities 2021: $0Net Assets 2021: $97,1342021Assets 2022: $120,135Liabilities 2022: $0Net Assets 2022: $120,1352022Assets 2023: $126,278Liabilities 2023: $0Net Assets 2023: $126,2782023Assets 2024: $123,619Net Assets 2024: $123,6192024

Highlighted filing

2020

Assets$95,357
Liabilities$0
Net Assets$95,357
Open 2020 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2017: $37,508Expenses 2017: $8,399Net Income 2017: $29,1092017Revenue 2018: $46,342Expenses 2018: $7,520Net Income 2018: $38,8222018Revenue 2019: $45,789Expenses 2019: $10,746Net Income 2019: $35,0432019Revenue 2020: $8,115Expenses 2020: $15,732Net Income 2020: -$7,6172020Revenue 2021: $22,666Expenses 2021: $20,889Net Income 2021: $1,7772021Revenue 2022: $38,662Expenses 2022: $15,661Net Income 2022: $23,0012022Revenue 2023: $21,819Expenses 2023: $15,676Net Income 2023: $6,1432023Revenue 2024: $13,088Expenses 2024: $15,747Net Income 2024: -$2,6592024

Highlighted filing

2020

Revenue$8,115
Expenses$15,732
Net Income-$7,617
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 2, 2021
Return Version
2020v4.0
Gross Receipts
$8,115
Mission and Program Overview

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 Services

DescriptionGrantsExpenses
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.$15,000-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KORY LAMChairwoman-$0--
ANNE MAKBoard Member-$0--
GARRY WONGBoard Member-$0--
HARRIET LEUNGBoard Member-$0--
WILSON LAUBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Hkanc Scholarship Foundation
EIN
82-1256009
Phone
4153984506
Address
PO BOX 374, San Francisco, CA 94104

Signing Officer

Name
Kory Lam
Title
Chairwoman
Signed
2021-11-02
Discuss with paid preparer
Yes

Preparer

Firm
Fong Ko & Associates Llp
Address
1510 FASHION ISLAND BLVD STE 200, SAN MATEO, CA 94404
Preparer
Oliver Laiming Ko
Phone
6502869966
Supplemental Narrative

Additional Explanations

Other Revenue.1

“STATE TAX REFUND $10”

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: Education | Donee's Name: SAN FRANCISCO STATE UNIVERSITY | Donee's Address: 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94132 | Relationship of Donee: NONE | Cash Amount Given: $10000”

Other Expenses.1012

“Insurance $641”

Other Expenses.1

“BANK SERVICE CHARGE $91”

Raw XML Appendix155 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/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0732
IRS990EZ/OtherRevenueTotalAmt010
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt015000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0134649
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STATE TAX REFUND $10
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Class of Activity: Education | Donee's Name: SAN FRANCISCO STATE UNIVERSITY | Donee's Address: 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94132 | Relationship of Donee: NONE | Cash Amount Given: $10000
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KORY LAM
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ReturnHeader/Filer/PhoneNum04153984506
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ReturnHeader/Filer/USAddress/ZIPCd094104
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN MATEO
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ReturnHeader/PreparerPersonGrp/PhoneNum06502869966
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ReturnHeader/ReturnTs02021-11-02T12:06:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KORY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAM
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,357
Liabilities
$0
Net assets
$95,357
Revenue
$8,115
Expenses
$15,732
Net income
-$7,617
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.24$1.24$0.13$0.16$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.22$0.16$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.39$0.16$0.23
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.23$0.21$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.08$0.16$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.46$0.11$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.46$0.08$0.39
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.38$0.08$0.29