Civic Intelligence

Hkanc Scholarship Foundation

990EZ • Fiscal year 2021 • EIN 82-1256009

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 27, 2022

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

56th percentile

0.00x

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

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

Liabilities / Revenue

56th percentile

0.00x

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

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

Net Margin

49th percentile

7.8%

Higher net margin than 49% of similar nonprofits.

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

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

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

Asset Growth

45th percentile

1.9%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

91st percentile

179%

Faster revenue growth than 91% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$97,134

Up $1,777 (+1.9%) from 2020

Net Assets

Up

$97,134

Up $1,777 (+1.9%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin49th percentile

Revenue

Up

$22,666

Up $14,551 (+179%) from 2020

Expenses

Up

$20,889

Up $5,157 (+33%) from 2020

Net Income

Up

$1,777

Up $9,394 (+123%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2021

Assets$97,134
Liabilities$0
Net Assets$97,134
Open 2021 Filing

Operations Trend

Revenue Growth91st 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

2021

Revenue$22,666
Expenses$20,889
Net Income$1,777
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 27, 2022
Return Version
2021v4.0
Gross Receipts
$45,445
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.-$20,000
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KORY LAMChairwoman-$0--
ANNE MAKBoard Member-$0--
GARRY WONGBoard Member-$0--
HARRIET LEUNGBoard Member-$0--
WILSON LAUBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$42,180$42,180$22,779$19,401
Total Events$42,180$42,180$22,779$19,401
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
2022-10-27
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

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: $12000”

Other Expenses.1002

“Office Expenses $79”

Other Expenses.1012

“Insurance $641”

Other Expenses.1

“Bank paypal service charge $169”

Raw XML Appendix166 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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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$97,134
Liabilities
$0
Net assets
$97,134
Revenue
$22,666
Expenses
$20,889
Net income
$1,777
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