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Hao Family 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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$62.2M (2023)

Expenses
$5.37M (2023)

Total Assets
$188M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2017 to 2023

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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$62,160,606
Expenses
$5,371,275
Net Income
$56,789,331
Net Assets
$188,281,541
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $58,540,316
94.2%
Interest Revenue $0
Dividends $3,491,131
5.6%
Sales of Assets $126,718
0.2%
Other Income $2,441
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,877,044
90.8%
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 $188,281,541
Total Liabilities $0
Net Assets $188,281,541
Compensation
Key Employees and Officers Compensation Other
Kenneth Y Hao (President / Chair Of Board) $0 $0
Kathy P Chiao (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,116,687
Expenses
$4,759,850
Net Income
-$643,163
Net Assets
$95,732,338
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,548,864
37.6%
Interest Revenue $0
Dividends $2,755,036
66.9%
Sales of Assets -$187,213
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,383,155
92.1%
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 $95,732,338
Total Liabilities $0
Net Assets $95,732,338
Compensation
Key Employees and Officers Compensation Other
Kenneth Y Hao (President / Chair Of Board) $0 $0
Kathy P Chiao (Treasurer) $0 $0
Jonathon Bernstein (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,126,522
Expenses
$3,249,328
Net Income
$19,877,194
Net Assets
$111,259,630
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $22,865,498
98.9%
Interest Revenue $0
Dividends $1,767,969
7.6%
Sales of Assets -$1,506,945
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,909,100
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 $111,259,630
Total Liabilities $0
Net Assets $111,259,630
Compensation
Key Employees and Officers Compensation Other
Kenneth Y Hao (President / Chair Of Board) $0 $0
Kathy P Chiao (Treasurer) $0 $0
Jonathon Bernstein (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,148,650
Expenses
$2,860,863
Net Income
$14,287,787
Net Assets
$76,690,603
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $17,101,410
99.7%
Interest Revenue $0
Dividends $1,200,779
7.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,716,951
95.0%
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 $76,690,604
Total Liabilities $1
Net Assets $76,690,603
Compensation
Key Employees and Officers Compensation Other
Kenneth Y Hao (President / Chair Of Board) $0 $0
Kathy P Chiao (Treasurer) $0 $0
Jonathon Bernstein (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,420,468
Expenses
$2,172,722
Net Income
$2,247,746
Net Assets
$57,695,977
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,158,034
48.8%
Interest Revenue $0
Dividends $1,996,473
45.2%
Sales of Assets $265,961
6.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,019,297
92.9%
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 $57,695,978
Total Liabilities $1
Net Assets $57,695,977
Compensation
Key Employees and Officers Compensation Other
Kenneth Y Hao (President) $0 $0
Kathy P Chiao (Secretary / Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,484,888
Expenses
$1,515,931
Net Income
$30,968,957
Net Assets
$42,660,776
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $18,346,745
56.5%
Interest Revenue $43,249
0.1%
Dividends $878,758
2.7%
Sales of Assets $13,207,379
40.7%
Other Income $8,757
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,404,237
92.6%
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 $42,660,776
Total Liabilities $0
Net Assets $42,660,776
Compensation
Key Employees and Officers Compensation Other
Kenneth Y Hao (President) $0 $0
Kathy P Chiao (Secretary / Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,087,705
Expenses
$552,643
Net Income
$11,535,062
Net Assets
$23,908,699
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,224,612
68.0%
Interest Revenue $6,278
0.1%
Dividends $518,957
4.3%
Sales of Assets $3,338,413
27.6%
Other Income -$555
Notable Expenses Percent of Total Expenses
Charitable Disbursements $425,000
76.9%
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 $23,908,699
Total Liabilities $0
Net Assets $23,908,699
Compensation
Key Employees and Officers Compensation Other
Kenneth Y Hao (President As Needed) $0 $0
Kathy P Chiao (Sec/Treas As Needed) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

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 Dec.
2015

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

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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