Young Wo Benevolent Association

Not tax-deductible

San Francisco, CA501(c)(4) EIN 94-1217700Revenue $179K in FY2024

On file with the IRS567 Pine St Ste 201, 94108-3221 · San Francisco, CATax-exempt since Dec 1942

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To promote the social and cultural welfares of its members within the chinese community.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
42¢ of each $1 spent went to programs.
$28K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $54K a year · 36% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
37 mo
of spending, in cash
Looks good: 36.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$179K
+23% vs prior year
Spent
$225K
To programs
42%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$179K
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$193K
FY2021$117K
FY2022$129K
FY2023$145K
FY2024$179K
Expenses
$225K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$165K
FY2022$243K
FY2023$246K
FY2024$225K
Net assets
$1.2M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1942.

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

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $94K Management & general 58% · $131K

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

12 people listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation
$10,000Pt VII · Sec A
Secretary
$10,000Pt VII · Sec A
Director
$4,000Pt VII · Sec A
Director
$2,500Pt VII · Sec A
Director
$2,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Kerwin K H Chan$10,000———
Hun Kit Wong$10,000———
Raymond Mah$2,000$7,500$7,200$4,500
Karman Liao$4,000$7,200$7,200$7,200
Kwok Yin Leung——$2,800$5,250
Sam Lau$2,500$4,800——
Tung Shek Ho———$3,500
Chu Key Tang—$1,800——

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.

See Young Wo Benevolent Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports Chinese community members' social and cultural well-being.

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Provided by the organization

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3 programs · $94K · in their own filed words · FY2024
01

Scholarships

See attached

$36Kprogram expense
02

Benefits for the members

$32Kprogram expense
03

Contributions and Donations

See attached

$26Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $62K · 2024–2024
Unitemized GrantFY2024$36,000
See Attached Schedule21 PayeesFY2024$24,500
Chinese HospitalFY2024$1,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$179K
Ln 12
Other incomeLn 4–11$124K
Gifts and grantsLn 1h$31K
Investment incomeLn 3$23K
Money outPt IX
$225K
Ln 25
Programscol B$94K
Managementcol C$131K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$687K
Total assetsLn 16$1.2M
LiabilitiesLn 26$36K
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Investment incomeLn 3$23K
Other incomeLn 4–11$124K
Total revenueLn 12$179K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$643K
Cash and savings togetherLn 1–2$687K
Land, buildings, equipmentLn 10c$495K
Other assetsLn 15$2K
Total assetsLn 16$1.2M
LiabilitiesLn 26$36K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$763K$687K
Land, buildings, equipmentLn 10c$481K$495K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$36K$36K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Grants to domestic individualsLn 2$36K$36K
Benefits paid to or for membersLn 4$32K$32K
Pay of current officers, directors and key staffLn 5$28K$28K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$740$740
TravelLn 17$23K$23K
Conferences, conventions and meetingsLn 19$10K$10K
Other expenses (24a–d)Ln 24$10K$10K
All other expensesLn 24e$38K$38K
Total functional expensesLn 25$225K$94K$131K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $179K$225K−$46K$1.2M 990 PDF
FY2023 $145K$246K−$101K$1.2M 990 PDF
FY2022 $129K$243K−$113K$1.3M 990 PDF
FY2021 $117K$165K−$48K$1.4M 990 PDF
FY2020 $193K$156K$37K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $178,509 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,877$31,052
I-9 Program service revenue$0
I-10 Investment incomePrior year $12,613$23,412
I-11 Other revenuePrior year $118,541$124,045
I-12 Total revenuePrior year $145,031$178,509
I-13 Grants and similar amounts paidPrior year $66,200$62,000
I-14 Benefits paid to membersPrior year $4,355$31,988
I-15 Salaries and benefitsPrior year $21,300$28,500
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $154,088$102,282
I-18 Total expensesPrior year $245,943$224,770
I-19 Revenue less expensesPrior year −$100,912−$46,261
Part VI · Governance 0 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $178,509 across 7 lines filed
VIII-1b Membership dues$1,750
VIII-1f All other contributions, gifts and grants$29,302
VIII-1h Total contributions, gifts and grants$31,052
VIII-3 Investment incomeRelated to mission $23,412$23,412
VIII-6 Net rental income or lossRelated to mission $124,045$124,045
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $147,457 · Unrelated business $0 · Excluded from tax $0$178,509
Part IX · Statement of functional expenses $224,770 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $26,000$26,000
IX-2 Grants to domestic individualsPrograms $36,000$36,000
IX-4 Benefits paid to or for membersPrograms $31,988$31,988
IX-5 Pay of current officers, directors and key staffManagement $28,500$28,500
IX-11b Legal feesManagement $14,911$14,911
IX-11c Accounting feesManagement $5,440$5,440
IX-13 Office expensesManagement $740$740
IX-17 TravelManagement $23,254$23,254
IX-19 Conferences, conventions and meetingsManagement $9,979$9,979
IX-24 Other expenses (24a–d)Management $10,100$10,100
IX-24e All other expensesManagement $37,858$37,858
IX-25 Total functional expensesPrograms $93,988 · Management $130,782 · Fundraising $0$224,770
Part X · Balance sheet $1,209,569 assets, 10 lines filed
Asset lines not itemized here account for $19,405; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $88,020$43,758
X-2 Savings and temporary cash investmentsStart of year $675,180$643,189
X-4 Accounts receivable$6,439
X-10c Land, buildings and equipment, netStart of year $480,604$494,778
X-15 Other assetsStart of year $2,000$2,000
X-16 Total assetsStart of year $1,255,804$1,209,569
X-25 Other liabilitiesStart of year $35,951$35,977
X-26 Total liabilitiesStart of year $35,951$35,977
X-32 Total net assets or fund balancesStart of year $1,219,853$1,173,592
X-33 Total liabilities and net assetsStart of year $1,255,804$1,209,569
Part XI · Reconciliation of net assets $1,173,592 net assets at year end
XI-1 Total revenue$178,509
XI-2 Total expenses$224,770
XI-3 Revenue less expenses−$46,261
XI-4 Net assets at start of year$1,219,853
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,173,592

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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