Kwan Charitable Foundation

Irving, TX
Tax-exempt since May 1997
EIN: 75-2703398

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Type of Nonprofit

Designated as a 501(c)(3) 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.54k (2024)

Expenses

$4.43k (2024)

Total Assets

$26.4k (2024)

Total Liabilities

$21 (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 Dec.
2024

Revenue

$1,540

Expenses

$4,425

Net Income

-$2,885

Net Assets

$26,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.3%
Dividends	$1,312	85.2%
Sales of Assets	$223	14.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,425	100%
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	$26,414
Total Liabilities	$21
Net Assets	$26,393

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on April 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$2,043

Expenses

$4,404

Net Income

-$2,361

Net Assets

$29,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$34	1.7%
Dividends	$2,009	98.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,404	100%
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	$29,306
Total Liabilities	$28
Net Assets	$29,278

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on March 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$3,225

Expenses

$4,735

Net Income

-$1,510

Net Assets

$31,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.2%
Dividends	$2,520	78.1%
Sales of Assets	$698	21.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,735	100%
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	$31,838
Total Liabilities	$45
Net Assets	$31,793

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on March 26, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$13,264

Expenses

$4,082

Net Income

$9,182

Net Assets

$34,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,345	93.1%
Interest Revenue	$0
Dividends	$859	6.5%
Sales of Assets	$60	0.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,082	100%
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	$34,963
Total Liabilities	$13
Net Assets	$34,950

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on Feb. 27, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$1,728

Expenses

$4,477

Net Income

-$2,749

Net Assets

$25,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.1%
Dividends	$37	2.1%
Sales of Assets	$1,690	97.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,477	100%
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	$25,363
Total Liabilities	$23
Net Assets	$25,340

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on April 9, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$5,027

Expenses

$3,951

Net Income

$1,076

Net Assets

$27,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$688	13.7%
Sales of Assets	$4,337	86.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,951	100%
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	$27,919
Total Liabilities	$101
Net Assets	$27,818

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on May 1, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$2,842

Expenses

$4,057

Net Income

-$1,215

Net Assets

$26,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.3%
Dividends	$1,088	38.3%
Sales of Assets	$1,746	61.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,057	100%
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	$26,345
Total Liabilities	$57
Net Assets	$26,288

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on April 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$17,890

Expenses

$4,394

Net Income

$13,496

Net Assets

$27,603

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,094	84.4%
Interest Revenue	$2	0.0%
Dividends	$360	2.0%
Sales of Assets	$2,434	13.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,394	100%
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	$27,627
Total Liabilities	$24
Net Assets	$27,603

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on April 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$2,149

Expenses

$4,021

Net Income

-$1,872

Net Assets

$13,508

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$504	23.5%
Sales of Assets	$1,645	76.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,021	100%
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	$13,529
Total Liabilities	$21
Net Assets	$13,508

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on April 4, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$1,464

Expenses

$4,054

Net Income

-$2,590

Net Assets

$15,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$735	50.2%
Sales of Assets	$729	49.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,054	100%
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	$15,408
Total Liabilities	$29
Net Assets	$15,379

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on March 25, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$5,661

Expenses

$4,138

Net Income

$1,523

Net Assets

$17,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$587	10.4%
Sales of Assets	$5,074	89.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,138	100%
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	$18,082
Total Liabilities	$113
Net Assets	$17,969

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on April 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$4,148

Expenses

$3,858

Net Income

$290

Net Assets

$16,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$465	11.2%
Sales of Assets	$3,683	88.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,858	100%
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	$16,528
Total Liabilities	$83
Net Assets	$16,445

Compensation

Key Employees and Officers	Compensation	Other
William Lg Kwan (President)	$0	$0
Juliet Kwan (Sec/Treasurer)	$0	$0
Wilson James Kwan (Director)	$0	$0
Jason William Kwan (Director)	$0	$0

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990-PF

Filed on March 26, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$9,468

Expenses

$3,835

Net Income

$5,633

Net Assets

$16,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$9,546	> 100%
Interest Revenue	$0
Dividends	$479	5.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,835	100%
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	$16,164
Total Liabilities	$10
Net Assets	$16,154

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,452

Expenses

$3,569

Net Income

-$117

Net Assets

$10,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$388	11.2%
Sales of Assets	$3,063	88.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,569	100%
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	$11,039
Total Liabilities	$69
Net Assets	$10,970

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

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Kwan Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.54k (2024)

Expenses $4.43k (2024)

Total Assets $26.4k (2024)

Total Liabilities $21 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$1.54k (2024)

Expenses

$4.43k (2024)

Total Assets

$26.4k (2024)

Total Liabilities

$21 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001