Nonprofit · EIN 94-1217700
YOUNG WO BENEVOLENT ASSOCIATION
Tax-exempt · SAN FRANCISCO, CA 94108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $178,509 | $224,770 | -$46,261 | $1,209,569 | $35,977 | $1,173,592 |
| December 31, 2023 | 990 | $145,031 | $245,943 | -$100,912 | $1,255,804 | $35,951 | $1,219,853 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $31,052
- Membership dues
- $1,750
- Program service revenue
- $0
- Investment income
- $23,412
- Net rental income
- $124,045
- Other revenue
- $124,045
Expenses
- Grants and similar amounts paid
- $62,000
- Benefits paid to members
- $31,988
- Compensation of officers, directors and key employees
- $28,500
- Salaries, compensation and benefits (total)
- $28,500
- Professional fundraising fees
- $0
- Legal fees
- $14,911
- Accounting fees
- $5,440
- Travel
- $23,254
- Program services (functional)
- $93,988
- Management and general (functional)
- $130,782
Balance sheet and other
- Total assets, start of year
- $1,255,804
- Total assets, end of year
- $1,209,569
- Total liabilities, end of year
- $35,977
- Net assets, end of year
- $1,173,592
- Land, buildings and equipment
- $494,778
- Gross receipts
- $336,007
- Employees
- 1
- Year formed
- 1907
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERWIN K H CHAN | PRESIDENT Trustee or director, Officer | 3 | $10,000 |
| HUN KIT WONG | SECRETARY Officer | 2 | $10,000 |
| KARMAN LIAO | DIRECTOR Trustee or director | 1 | $4,000 |
| SAM LAU | DIRECTOR Trustee or director | 1 | $2,500 |
| RAYMOND MAH | DIRECTOR Trustee or director | 1 | $2,000 |
| HAMPSON LUM | DIRECTOR Trustee or director | 2 | $0 |
| PAUL M LEE | DIRECTOR Trustee or director | 1 | $0 |
| LARRY LO | DIRECTOR Trustee or director | 1 | $0 |
| TUNG SHEK HO | DIRECTOR Trustee or director | 1 | $0 |
| TONY LOW | DIRECTOR Trustee or director | 1 | $0 |
| YIU TING NG | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN LEUNG | TREASURER Officer | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYMOND MAH | PRESIDENT Trustee or director, Officer | 3 | $7,500 |
| KARMAN LIAO | DIRECTOR Trustee or director | 2 | $7,200 |
| SAM LAU | SECRETARY Officer | 2 | $4,800 |
| CHU KEY TANG | DIRECTOR Trustee or director | 1 | $1,800 |
| HUN KIT WONG | DIRECTOR Trustee or director | 1 | $0 |
| TUNG SHEK HO | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN LEONG | DIRECTOR Trustee or director | 1 | $0 |
| BENNY KWOK | BUILDING SECRETARY Officer | 2 | $0 |
| KAYMOND YUNG | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 567 PINE ST STE 201, SAN FRANCISCO, CA 94108-3221
- In care of
- % HUN KIT WONG
- Principal officer (990 for 2024)
- KERWIN K H CHAN, 101 JAMES COURT, South San Francisco, CA 94080
- Signed the 990
- HUN KIT WONG, SECRETARY
- Phone
- (415) 982-1673
- Return prepared by
- DANNY N K LAM CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1217700 or by the name YOUNG WO BENEVOLENT ASSOCIATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROMOTE THE SOCIAL AND CULTURAL WELFARES OF ITS MEMBERS WITHIN THE CHINESE COMMUNITY.
Program accomplishments
- SCHOLARSHIPS - SEE ATTACHEDExpenses $36,000
- BENEFITS FOR THE MEMBERSExpenses $31,988
- CONTRIBUTIONS AND DONATIONS - SEE ATTACHEDExpenses $26,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1217700
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,209,569
- Income (IRS master file)
- $336,007
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $178,509 | $224,770 | $1,209,569 | XML |
| 990 | December 2023 | $145,031 | $245,943 | $1,255,804 | XML |
| 990 | December 2022 | $129,362 | $242,814 | $1,356,698 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1217700).
Questions about YOUNG WO BENEVOLENT ASSOCIATION
- What is the EIN of YOUNG WO BENEVOLENT ASSOCIATION?
- The employer identification number (EIN) of YOUNG WO BENEVOLENT ASSOCIATION is 94-1217700.
- Is YOUNG WO BENEVOLENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1942.
- Are donations to YOUNG WO BENEVOLENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does YOUNG WO BENEVOLENT ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of YOUNG WO BENEVOLENT ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YOUNG WO BENEVOLENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of YOUNG WO BENEVOLENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 names KERWIN K H CHAN.
- Who are the officers and directors of YOUNG WO BENEVOLENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $10,000 (KERWIN K H CHAN, PRESIDENT).
- How much revenue does YOUNG WO BENEVOLENT ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $178,509, expenses of $224,770 and total assets of $1,209,569 at year end.
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