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Nonprofiteer
← K J CHOI FOUNDATION

Form 990 for tax year 2024

Filed by K J CHOI FOUNDATION.

Totals

Total revenue
$338,354
Total expenses
$310,829
Contributions and grants received
$306,461
Grants paid
$143,143
Program service revenue
$3,000
Investment income
$25,930
Other revenue
$2,963
Total assets, end of year
$794,741
Total liabilities, end of year
$79,022
Net assets or fund balances, end of year
$715,719
Program services expenses (Part IX)
$254,798
Management and general expenses
$56,031
Fundraising expenses
$0
Program service expenses (Part III)
$254,798

Program services were 82.0% 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

    $306,461

  • 2a · Program service revenue: WINTER TRAINING

    total $3,000 · related or exempt $3,000

  • 3 · Investment income

    total $21,350 · related or exempt $21,350

  • 7a · Gross sales of assets other than inventory

    securities $171,017

  • 7b · Less cost or other basis and sales expenses

    securities $166,437

  • 7c · Gain or loss

    securities $4,580

  • 7d · Net gain or loss

    total $4,580 · unrelated business $4,580

  • 11a · Other revenue: CAPITAL GAIN DISTRIBUT

    total $2,963 · related or exempt $2,963

  • 11e · Other revenue, total

    $2,963

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $143,143 · program services $143,143

  • 11a · Fees: management

    total $28,500 · management and general $28,500

  • 11c · Fees: accounting

    total $7,775 · management and general $7,775

  • 12 · Advertising and promotion

    total $1,861 · program services $1,861

  • 13 · Office expenses

    total $19,661 · management and general $19,661

  • 16 · Occupancy

    total $14,968 · program services $14,968

  • 17 · Travel

    total $72,220 · program services $72,220

  • 24a · Other expenses: EXPENSES TOWARD MISSION

    total $22,606 · program services $22,606

  • 24b · Other expenses: BANK FEES

    total $95 · management and general $95

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,586 · end of year $136,099

  • 2 · Savings and temporary cash investments

    beginning of year $22,406 · end of year $22,406

  • 11 · Investments: publicly traded securities

    beginning of year $607,342 · end of year $636,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,854 · end of year $20,990

  • 22 · Loans and payables to officers and key people

    beginning of year $44,286 · end of year $58,032

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $688,194 · end of year $715,719

Mission and programs · 2024

Mission

TO CONTRIBUTE IN THE DEVELOPMENT OF OUR UNDERPRIVILEGED YOUTH BY PROVIDING THEM OPPORTUNITIES AND EDUCATIONAL EXPERIENCES.

  • DEVELOPMENT OF OUR UNDERPRIVILEGED YOUTH BY PROVIDING THEM OPPORTUNITIES AND EDUCATIONAL EXPERIENCES.

    Expenses $88,446

  • PROVIDE SUPPORT TO OTHER CHARITABLE ORGANIZATIONS TO HOST YOUTH GOLF TOURNAMENTS.

    Expenses $143,494 · Grants $143,143

  • PROVIDE ENTRY FEES TO YOUTH GOLF TOURNAMENTS FOR LESS FORTUNATE YOUNG GOLFERS.

    Expenses $6,030

  • Expenses $16,828

As filed on the 2024 return.

Listed in Part VII

  • Kyoung Ju Choi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Hyun Jung Choi

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Bongryong Kim

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513189349307841

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