Cathay Bank Foundation

Tax-deductible

El Monte, CA501(c)(3)Foundations & GrantmakersEIN 74-3052411Revenue $2.8M in FY2025

On file with the IRScathaybank.com/cathay-foundation9650 Flair Dr, 91731-3005 · El Monte, CATax-exempt since Sep 2003Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$75K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$75K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$48K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+14% vs prior year
Spent
$2.9M
Net assets
$95K
By yearFY2020–FY2025
Revenue
$2.8M
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$3.4M
FY2022$2.4M
FY2023$2.5M
FY2024$2.5M
FY2025$2.8M
Expenses
$2.9M
FY2025▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$3.0M
FY2022$2.7M
FY2023$2.4M
FY2024$2.4M
FY2025$2.9M
Net assets
$95K
FY2025▼ -59%
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$476K
FY2022$102K
FY2023$151K
FY2024$232K
FY2025$95K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 96% · $2.8M Operating & administrative 4% · $109K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990-PF; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
$25,000Pt VII · Sec A
$25,000Pt VII · Sec A
$25,000Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2021
Deborah F Ching$25,000$25,000—
Stewart Kwoh$25,000$25,000$12,500
Kenyon Mayeda$25,000——
Deborah Ching——$18,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

A private foundation based in El Monte, CA.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 227 grants · $2.8M · 2025–2025
Pasadena Community FoundationCA · FY2025$125,000
Dream Center Foundation- INCMA · FY2025$125,000
Chinatown Service CenterCA · FY2025$120,000
Individual RecipientFY2025$100,000
Asian Pacific Community Fund of Southern CaliforniaFY2025$75,000
Junior Achievement of Southern California INCFY2025$70,000
La Fire Department FoundationFY2025$50,000
Greenlining InstituteCA · FY2025$40,000
Self-Help for the ElderlyCA · FY2025$30,000
Habitat for Humanity of Greater LaFY2025$25,000
Door of HopeFY2025$25,000
See all 227 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV128
Average grantPart XV$12K
Median grantPart XV$5K
Largest grantPart XV$125K
Top cause focusNTEEHuman Services (13%)

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$2.8M
Gifts and grants$2.8M
Money out
$2.9M
Grants paid$2.8M
Running costs$109K
Owns and owes
$95K
net assets
Cash and savings$115K
Total assets$143K
Liabilities$48K
People
10
listed
Paid3
2In more detail
Revenue in detail
Gifts and grants$2.8M
Total revenue$2.8M
Assets in detailEnd of year
Cash and savings together$115K
Total assets$143K
Liabilities$48K
Net assets$95K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.8M$2.9M−$137K$95K 990 PDF
FY2024 $2.5M$2.4M$80K$232K 990 PDF
FY2023 $2.5M$2.4M$49K$151K 990 PDF
FY2022 $2.4M$2.7M−$374K$102K 990 PDF
FY2021 $3.4M$3.0M$453K$476K 990 PDF
FY2020 $2.1M$2.1M−$34K$24K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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