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Walter And Fannie Wang Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$17.9k (2024)

Expenses
$43k (2024)

Total Assets
$387k (2024)

Total Liabilities
$16.8k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,908
Expenses
$42,982
Net Income
-$25,074
Net Assets
$369,857
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,149
23.2%
Interest Revenue $0
Dividends $13,759
76.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,660
99.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $386,672
Total Liabilities $16,815
Net Assets $369,857
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President) $0 $0
Fung Wing Wang (Vice President) $0 $0

Document Links

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$102,157
Expenses
$47,085
Net Income
$55,072
Net Assets
$394,383
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $90,203
88.3%
Interest Revenue $0
Dividends $11,954
11.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,128
89.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $409,772
Total Liabilities $15,389
Net Assets $394,383
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President) $0 $0
Fung Wing Wang (Vice Preside) $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,903
Expenses
$34,923
Net Income
$4,980
Net Assets
$429,786
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,349
3.4%
Interest Revenue $0
Dividends $11,168
28.0%
Sales of Assets $27,136
68.0%
Other Income $250
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,640
93.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $434,057
Total Liabilities $4,271
Net Assets $429,786
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President) $0 $0
Fung Wing Wang (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,830
Expenses
$42,357
Net Income
-$20,527
Net Assets
$423,427
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,753
35.5%
Sales of Assets $14,077
64.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,813
56.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $442,344
Total Liabilities $18,917
Net Assets $423,427
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President &) $0 $0
Fung Wing Wang (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,311
Expenses
$27,230
Net Income
-$17,919
Net Assets
$440,806
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,603
60.2%
Sales of Assets $3,458
37.1%
Other Income $250
2.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,837
91.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $452,111
Total Liabilities $11,305
Net Assets $440,806
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President &) $0 $0
Fung Wing Wang (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,532
Expenses
$19,445
Net Income
$4,087
Net Assets
$455,233
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,054
21.5%
Sales of Assets $18,478
78.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,050
77.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $457,557
Total Liabilities $2,324
Net Assets $455,233
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President &) $0 $0
Fung Wing Wang (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,513
Expenses
$30,823
Net Income
-$24,310
Net Assets
$447,067
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,488
53.6%
Sales of Assets $3,025
46.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,115
84.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $458,567
Total Liabilities $11,500
Net Assets $447,067
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President &) $0 $0
Fung Wing Wang (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$90,662
Expenses
$20,558
Net Income
$70,104
Net Assets
$443,375
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,971
3.3%
Sales of Assets $87,459
96.5%
Other Income $232
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,612
95.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $444,092
Total Liabilities $717
Net Assets $443,375
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President & Ceo) $0 $0
Fung Wing Hung (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$54,735
Expenses
$16,963
Net Income
$37,772
Net Assets
$373,271
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $21,740
39.7%
Interest Revenue $3,470
6.3%
Dividends $0
Sales of Assets $19,794
36.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,707
33.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $373,271
Total Liabilities $0
Net Assets $373,271
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President & Ceo) $0 $0
Fung Wing Hung (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$27,921
Expenses
$15,352
Net Income
$12,569
Net Assets
$335,499
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,350
94.4%
Interest Revenue $0
Dividends $3,140
11.2%
Sales of Assets -$6,090
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,001
78.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $335,891
Total Liabilities $392
Net Assets $335,499
Compensation
Key Employees and Officers Compensation Other
Walter C Wang (President & Ceo) $0 $0
Fung Wing Hung (Secretary) $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$64,401
Expenses
$35,651
Net Income
$28,750
Net Assets
$322,930
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,886
32.4%
Interest Revenue $0
Dividends $3,391
5.3%
Sales of Assets $27,229
42.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,300
90.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $323,017
Total Liabilities $87
Net Assets $322,930

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$73,942
Expenses
$12,220
Net Income
$61,722
Net Assets
$294,180
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $33,156
44.8%
Interest Revenue $0
Dividends $13,420
18.1%
Sales of Assets $13,746
18.6%
Other Income $1,531
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,430
52.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $297,413
Total Liabilities $3,233
Net Assets $294,180

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$106,315
Expenses
$24,007
Net Income
$82,308
Net Assets
$242,272
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $97,897
92.1%
Interest Revenue $0
Dividends $720
0.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,709
86.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $247,053
Total Liabilities $4,781
Net Assets $242,272

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,140
Expenses
$17,024
Net Income
$3,116
Net Assets
$159,964
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,445
56.8%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,228
48.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $164,761
Total Liabilities $4,797
Net Assets $159,964

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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