Charity
HO BEE FOUNDATION
About
What does HO BEE FOUNDATION do?
Discover how HO BEE FOUNDATION supports Singapore's charitable causes in education, arts, culture, sports & social welfare through donations and sponsorships from Ho Bee Group.
Founded
2010
People
chua thian poh, seow choke meng, choo poh hua, josephine
Causes
EducationAllHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2010
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved access to education for underprivileged students, enabling them to receive quality education and increase their opportunities for future success.
- Enhanced cultural experiences through support for arts and culture initiatives, fostering a more vibrant and diverse community.
- Promotion of sports development, encouraging healthy lifestyles and providing opportunities for personal growth and achievement.
- Strengthened social welfare programs, ensuring that vulnerable populations have access to essential services and support systems.
- Increased philanthropy in Singapore as the Foundation inspires others to donate or sponsor charitable causes.
- Economic benefits for local businesses and communities through investments in education, arts, culture, sports, and social welfare initiatives.
- Enhanced community cohesion and
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Improved access to education for underprivileged students, enabling them to receive quality education and increase their opportunities for future success.
- Enhanced cultural experiences through support for arts and culture initiatives, fostering a more vibrant and diverse community.
- Promotion of sports development, encouraging healthy lifestyles and providing opportunities for personal growth and achievement.
- Strengthened social welfare programs, ensuring that vulnerable populations have access to essential services and support systems.
- Increased philanthropy in Singapore as the Foundation inspires others to donate or sponsor charitable causes.
- Economic benefits for local businesses and communities through investments in education, arts, culture, sports, and social welfare initiatives.
- Enhanced community cohesion and
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | NaN | 2,520,000 | 2,346,540 |
| Non Tax-Deductible | NaN | 0 | 0 |
| Total Donations in Cash | NaN | 2,520,000 | 2,346,540 |
| Donations in Kind | |||
| Tax-Deductible | NaN | 0 | 0 |
| Non Tax-Deductible | NaN | 0 | 0 |
| Total Donations in Kind | NaN | 0 | 0 |
| Government Grants | NaN | 0 | 0 |
| Investment Income | NaN | 1,753,780 | -193,197 |
| Programme Fees | NaN | 0 | 0 |
| Others Income | NaN | 0 | 0 |
| Total Receipts | 0 | 4,273,780 | 2,153,343 |
| Capital in Nature | NaN | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | NaN | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | NaN | 10,724,674 | 881,700 |
| Overseas (Direct & Support) | NaN | 0 | 0 |
| Charitable Activities/Programme Expenses | NaN | 10,724,674 | 881,700 |
| Expenses | |||
| Other Expenses | NaN | 11,035 | 27,067 |
| Total Expenditure | NaN | 10,735,709 | 908,767 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | NaN | 0 | 0 |
| Other Tangible Assets | NaN | 0 | 0 |
| Investments | NaN | 11,492,719 | 10,531,675 |
| Inventories | NaN | 0 | 0 |
| Account Receivables | NaN | 7,954 | 11,955 |
| Cash & Deposits | NaN | 1,328,363 | 247,335 |
| Other Assets | NaN | 0 | 0 |
| Total Assets | NaN | 12,829,036 | 10,790,965 |
| Funds | |||
| Total Unrestricted Funds | NaN | 2,574,036 | 2,762,311 |
| Total Restricted Funds | NaN | 0 | 6,273,654 |
| Endowments Funds | NaN | 0 | 0 |
| Total Funds and Reserves | NaN | 2,574,036 | 9,035,965 |
| Liabilities | |||
| Total Current Liabilities | NaN | 1,505,000 | 505,000 |
| Total Non-Current Liabilities | NaN | 8,750,000 | 1,250,000 |
| Total Liabilities | NaN | 10,255,000 | 1,755,000 |
| Total Funds and Liabilities | NaN | 12,829,036 | 10,790,965 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | NaN | 0 | 0 |
| No. of Employees | NaN | 0 | 0 |
| Total Employee Cost | NaN | 0 | 0 |
| Fudnraisig Efficiency Ratio | NaN | 0 | 0 |
| Total Related Party Transactions | NaN | 2,575,000 | 2,346,540 |
People
At the HO BEE FOUNDATION, individuals are dedicated to supporting various charitable causes across Singapore in areas such as education, arts, culture, sports, and social welfare. Through donations and sponsorships from Ho Bee Group, they work tirelessly to make a positive impact on their community by providing resources and opportunities for those in need.
