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Nonprofiteer
← NEW LIFE FOUNDATION INTERNATIONAL INC

Form 990 for tax year 2023

Filed by NEW LIFE FOUNDATION INTERNATIONAL INC.

Totals

Total revenue
$328,347
Total expenses
$337,215
Contributions and grants received
$328,323
Grants paid
$285,028
Program service revenue
$0
Investment income
$24
Other revenue
$0
Total assets, end of year
$3,517
Total liabilities, end of year
$816,102
Net assets or fund balances, end of year
-$812,585
Program services expenses (Part IX)
$336,005
Management and general expenses
$1,210
Fundraising expenses
$0
Program service expenses (Part III)
$336,005

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $328,323

  • 3 · Investment income

    total $24 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $270,028 · program services $270,028

  • 3 · Grants to foreign organizations and individuals

    total $15,000 · program services $15,000

  • 11c · Fees: accounting

    total $1,050 · program services $0 · management and general $1,050 · fundraising $0

  • 17 · Travel

    total $50,977 · program services $50,977 · management and general $0 · fundraising $0

  • 24a · Other expenses: TAX AND LICENSES

    total $150 · program services $0 · management and general $150 · fundraising $0

  • 24b · Other expenses: BANK CHRAGES

    total $10 · program services $0 · management and general $10 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,385 · end of year $3,517

  • 22 · Loans and payables to officers and key people

    beginning of year $816,102 · end of year $816,102

  • 27 · Net assets without donor restrictions

    beginning of year -$803,717 · end of year -$812,585

Mission and programs · 2023

Mission

The purpose of this organization is (1) to provide opportunities for education to underdeveloped, unreached children around the world, (2) to provide medicines and medical service to the people unmet medical cares, and

  • New Life Foundation International Inc (NLFI) was founded to help people to get educated, receive medical help, and improve the quality of their lives in the underdeveloped area. The organization does educational support, medical support, community support to accomplish this purpose.

    Expenses $336,005 · Grants $285,028 · Revenue $328,347

As filed on the 2023 return.

Listed in Part VII

  • Hyun Ho Chung

    CEO

    Total calculated
    $0
    Hours/week
    30

  • Byunghoon Chung

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Inseon Chung

    CFO

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2024
IRS schema version
2023v5.1
Source object
202402619349301560

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