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Tsoong 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
$4.62k (2022)

Expenses
$1.13k (2022)

Total Assets
$103k (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,622
Expenses
$1,131
Net Income
$3,491
Net Assets
$103,303
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,051
66.0%
Sales of Assets $1,571
34.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $103,303
Total Liabilities $0
Net Assets $103,303
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,464
Expenses
$571
Net Income
$7,893
Net Assets
$99,812
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,726
32.2%
Sales of Assets $5,738
67.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $99,812
Total Liabilities $0
Net Assets $99,812
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,256
Expenses
$495
Net Income
$3,761
Net Assets
$91,918
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,008
47.2%
Sales of Assets $321
7.5%
Other Income $1,927
45.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $91,919
Total Liabilities $1
Net Assets $91,918
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,646
Expenses
$461
Net Income
$3,185
Net Assets
$88,157
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8
0.2%
Dividends $2,439
66.9%
Sales of Assets $1,199
32.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $88,158
Total Liabilities $1
Net Assets $88,157
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,529
Expenses
$647
Net Income
$4,882
Net Assets
$84,972
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13
0.2%
Dividends $2,570
46.5%
Sales of Assets $2,946
53.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $84,973
Total Liabilities $1
Net Assets $84,972
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,478
Expenses
$604
Net Income
$4,874
Net Assets
$80,091
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,605
47.6%
Sales of Assets $2,621
47.8%
Other Income $252
4.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $80,091
Total Liabilities $0
Net Assets $80,091
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,200
Expenses
$396
Net Income
$3,804
Net Assets
$75,217
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,449
58.3%
Sales of Assets -$107
Other Income $1,858
44.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $75,217
Total Liabilities $0
Net Assets $75,217
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,284
Expenses
$121,502
Net Income
-$114,218
Net Assets
$71,413
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11
0.2%
Dividends $3,281
45.0%
Sales of Assets $3,823
52.5%
Other Income $169
2.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $120,000
98.8%
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 $71,413
Total Liabilities $0
Net Assets $71,413
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,700
Expenses
$26,574
Net Income
-$874
Net Assets
$185,631
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $5,226
20.3%
Sales of Assets $20,303
79.0%
Other Income $168
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,552
96.2%
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 $185,631
Total Liabilities $0
Net Assets $185,631
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,082
Expenses
$1,060
Net Income
$18,022
Net Assets
$186,505
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $731
3.8%
Dividends $5,267
27.6%
Sales of Assets $12,824
67.2%
Other Income $260
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $186,505
Total Liabilities $0
Net Assets $186,505
Compensation
Key Employees and Officers Compensation Other
David Tsoong (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,943
Expenses
$1,068
Net Income
$7,875
Net Assets
$168,482
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7
0.1%
Dividends $4,925
55.1%
Sales of Assets $3,798
42.5%
Other Income $213
2.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $168,483
Total Liabilities $1
Net Assets $168,482

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,022
Expenses
$27,766
Net Income
-$15,744
Net Assets
$160,607
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $80
0.7%
Dividends $4,815
40.1%
Sales of Assets $7,127
59.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,394
95.1%
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 $160,608
Total Liabilities $1
Net Assets $160,607

Document Links

Fiscal Year Ending Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2008

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.
2007

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.
2006

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.
2005

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.
2004

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.
2003

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.
2002

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.
2001

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

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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.

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