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Gee How Oak Tin Foundation FY2020 filing

Tax-deductible

Seattle, WA501(c)(3)EIN 94-3085822Revenue $194K in FY2020

On file with the IRS519 7th Ave S, 98104-2971 · Seattle, WATax-exempt since May 1993Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low income housing

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: 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
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
2 of 5
filings with a surplus
Average deficit $53K a year · 13% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$398K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$194K
Spent
$172K
To programs
100%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$194K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$194K
FY2021$312K
FY2022$491K
FY2023$481K
FY2024$534K
Expenses
$172K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$305K
FY2022$503K
FY2023$604K
FY2024$692K
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$1.6M
FY2023$1.5M
FY2024$1.4M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1993.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $172K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Michael Chen
President
$0Pt VII · Sec A
Jackson Chan
Vice President
$0Pt VII · Sec A
Gilbert Chin
Secretary
$0Pt VII · Sec A
Fang Hong Lee
Treasurer
$0Pt VII · Sec A
See Gee How Oak Tin Foundation 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 15aNo

Programs and updates

Gee How Oak Tin Foundation is a nonprofit based in Seattle, WA.

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Provided by the organization

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1 program · $172K · in their own filed words · FY2020
01

The Foundation Was Organized to

1) to operate exclusively for charitable literary and educational purposes; 2) to develop, own, maintain, and manage a resident housing facility for low income tenants.

$172Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$194K
Ln 12
Fees for servicesLn 2g$188K
Other incomeLn 4–11$6K
Money outPt IX
$172K
Ln 25
Programscol B$172K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$2.0M
LiabilitiesLn 26$398K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$188K
Other incomeLn 4–11$6K
Total revenueLn 12$194K
Assets in detailPt X, end of year
SavingsLn 2$49K
Cash and savings togetherLn 1–2$49K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$2.0M
LiabilitiesLn 26$398K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$29K$49K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$2.1M$2.0M
LiabilitiesLn 26$482K$398K
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Accounting feesLn 11c$435$435
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$18$18
OccupancyLn 16$39K$39K
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$808$808
Depreciation, depletion and amortizationLn 22$107K$107K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$172K$172K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $534K$692K−$158K$1.4M 990 PDF
FY2023 $481K$604K−$123K$1.5M 990 PDF
FY2022 $491K$503K−$12K$1.6M 990 PDF
FY2021 $312K$305K$7K$1.8M 990 PDF
FY2020 Viewing $194K$172K$22K$1.6M 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
See the full FY2020 990 (6 parts)
Part I · Summary $194,238 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $160,938$187,980
I-10 Investment incomePrior year $910$0
I-11 Other revenuePrior year $18,791$6,258
I-12 Total revenuePrior year $180,639$194,238
I-13 Grants and similar amounts paidPrior year $10,000$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $186,682$171,335
I-18 Total expensesPrior year $196,682$172,335
I-19 Revenue less expensesPrior year −$16,043$21,903
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $194,238 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,980$187,980
VIII-6 Net rental income or lossRelated to mission $6,258$6,258
VIII-12 Total revenueRelated to mission $194,238 · Unrelated business $0 · Excluded from tax $0$194,238
Part IX · Statement of functional expenses $172,335 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-11c Accounting feesPrograms $435$435
IX-11g Other fees for servicesPrograms $9,600$9,600
IX-12 Advertising and promotionPrograms $18$18
IX-16 OccupancyPrograms $39,363$39,363
IX-19 Conferences, conventions and meetingsPrograms $5,331$5,331
IX-20 InterestPrograms $808$808
IX-22 Depreciation, depletion and amortizationPrograms $106,935$106,935
IX-24 Other expenses (24a–d)Programs $8,845$8,845
IX-25 Total functional expensesPrograms $172,335 · Management $0 · Fundraising $0$172,335
Part X · Balance sheet $2,043,570 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $28,941$49,100
X-4 Accounts receivableStart of year $615,718$615,718
X-9 Prepaid expenses and deferred chargesStart of year $3,484$3,484
X-10c Land, buildings and equipment, netStart of year $1,459,974$1,375,268
X-16 Total assetsStart of year $2,108,117$2,043,570
X-17 Accounts payable and accrued expensesStart of year $142,459$59,188
X-25 Other liabilitiesStart of year $16,189$16,189
X-26 Total liabilitiesStart of year $481,648$398,377
X-27 Net assets without donor restrictionsStart of year $1,617,857$1,623,289
X-28 Net assets with donor restrictionsStart of year $8,612$21,904
X-32 Total net assets or fund balancesStart of year $1,626,469$1,645,193
X-33 Total liabilities and net assetsStart of year $2,108,117$2,043,570
Part XI · Reconciliation of net assets $1,645,193 net assets at year end
XI-1 Total revenue$194,238
XI-2 Total expenses$172,335
XI-3 Revenue less expenses$21,903
XI-4 Net assets at start of year$1,626,469
XI-8 Prior period adjustments−$3,178
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,645,193

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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