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Nonprofiteer
← THE PHILIP JAISOHN MEMORIAL FOUNDATION INC

Form 990 for tax year 2025

Filed by THE PHILIP JAISOHN MEMORIAL FOUNDATION INC.

Totals

Total revenue
$4,214,605
Total expenses
$3,295,054
Contributions and grants received
$1,815,098
Grants paid
$55,994
Program service revenue
$1,519,558
Investment income
$245,069
Other revenue
$634,880
Total assets, end of year
$16,108,909
Total liabilities, end of year
$765,448
Net assets or fund balances, end of year
$15,343,461
Program services expenses (Part IX)
$2,266,297
Management and general expenses
$917,377
Fundraising expenses
$111,380
Program service expenses (Part III)
$2,266,297

Program services were 68.8% 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.

  • 1c · Fundraising events

    $188,588

  • 1e · Government grants (contributions)

    $190,741

  • 1f · All other contributions, gifts and grants

    $1,435,769

  • 1g · Noncash contributions included above

    $84,295

  • 2a · Program service revenue: MEDICAL SERVICES

    total $1,397,801 · related or exempt $1,397,801

  • 2b · Program service revenue: HUMAN SERVICES AND ADV

    total $121,757 · related or exempt $121,757

  • 3 · Investment income

    total $243,332 · excluded $243,332

  • 6a · Gross rents

    real property $218,257

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $218,257

  • 6d · Net rental income or loss

    total $218,257 · related or exempt $218,257

  • 7a · Gross sales of assets other than inventory

    securities $7,000

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

    securities $5,263

  • 7c · Gain or loss

    securities $1,737

  • 7d · Net gain or loss

    total $1,737 · excluded $1,737

  • 8a · Fundraising events: gross income

    $57,064

  • 8a · Fundraising events: contributions included on line 1c

    $188,588

  • 8b · Fundraising events: direct expenses

    $99,444

  • 8c · Net income from fundraising events

    total -$42,380 · excluded -$42,380

  • 11a · Other revenue: NET S CORP INCOME

    total $459,003 · unrelated business $459,003

  • 11e · Other revenue, total

    $459,003

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $55,994 · program services $55,994

  • 5 · Compensation of officers, directors and key employees

    total $376,330 · program services $11,580 · management and general $257,075 · fundraising $107,675

  • 7 · Other salaries and wages

    total $926,088 · program services $843,936 · management and general $82,152

  • 10 · Payroll taxes

    total $75,698 · program services $68,529 · management and general $7,169

  • 11a · Fees: management

    total $23,824 · management and general $23,824

  • 11b · Fees: legal

    total $2,043 · management and general $2,043

  • 11c · Fees: accounting

    total $23,836 · management and general $23,836

  • 11g · Fees: other

    total $515,056 · program services $515,056

  • 12 · Advertising and promotion

    total $15,082 · program services $12,645 · management and general $2,437

  • 13 · Office expenses

    total $96,452 · program services $74,853 · management and general $21,599

  • 16 · Occupancy

    total $384,578 · program services $177,838 · management and general $206,740

  • 17 · Travel

    total $2,512 · program services $1,996 · management and general $516

  • 19 · Conferences, conventions and meetings

    total $6,975 · management and general $6,975

  • 22 · Depreciation, depletion and amortization

    total $216,390 · program services $63,055 · management and general $153,335

  • 23 · Insurance

    total $79,562 · program services $62,102 · management and general $17,460

  • 24a · Other expenses: FEDERAL INCOME TAXES

    total $87,003 · management and general $87,003

  • 24b · Other expenses: PROGRAM EXPENSES

    total $205,683 · program services $205,683

  • 24c · Other expenses: EVENT EXPENSE

    total $48,608 · program services $48,608

  • 24d · Other expenses: CHARITABLE CONTRIBUTION

    total $33,380 · program services $33,380

  • 24e · All other expenses

    total $119,960 · program services $91,042 · management and general $25,213 · fundraising $3,705

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,927 · end of year $3,367

  • 2 · Savings and temporary cash investments

    beginning of year $2,536,984 · end of year $1,650,827

  • 3 · Pledges and grants receivable

    beginning of year $59,119 · end of year $62,334

  • 4 · Accounts receivable

    beginning of year $59,984 · end of year $119,930

  • 7 · Other notes and loans receivable

    beginning of year $16,067 · end of year $18,353

  • 8 · Inventories for sale or use

    end of year $24,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $124,904 · end of year $50,259

  • 10a · Land, buildings and equipment: cost or other basis

    $7,773,175

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,321,142

  • 10c · Land, buildings and equipment, net

    beginning of year $5,496,957 · end of year $6,452,033

  • 11 · Investments: publicly traded securities

    beginning of year $4,777,930 · end of year $6,010,877

  • 12 · Investments: other securities

    beginning of year $1,063,124 · end of year $1,416,875

  • 15 · Other assets

    beginning of year $289,778 · end of year $300,054

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,705 · end of year $473,890

  • 19 · Deferred revenue

    beginning of year $18,441 · end of year $213,594

  • 25 · Other liabilities

    beginning of year $26,261 · end of year $77,964

  • 27 · Net assets without donor restrictions

    beginning of year $12,519,503 · end of year $13,147,726

  • 28 · Net assets with donor restrictions

    beginning of year $1,709,864 · end of year $2,195,735

Mission and programs · 2025

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • MEDICAL SERVICES: THE FOUNDATION PROVIDES VARIOUS MEDICAL SERVICES TO THE COMMUNITY, INCLUDING A MEDICAL CLINIC, HEALTH EDUCATION AND SCREENING, FLU SHOTS AND OTHER MEDICAL SERVICES

    Expenses $1,357,789 · Revenue $1,616,058

  • HUMAN SERVICES AND ADVOCACY: THE FOUNDATION IS DEDICATED TO HELPING AND PROMOTING THE ASIAN AMERICAN COMMUNITY BY PROVIDING VARIOUS BENEFITS AND PROGRAMS INCLUDING MENTAL HEALTH COUNSELING, SENIOR SERVICES, SOCIAL SERVICES, HEALTH INSURANCE SERVICES, ADVOCACY, EDUCATION AND LEADERSHIP PROGRAMS.

    Expenses $758,748 · Grants $55,994 · Revenue $121,757

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $149,760

As filed on the 2025 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • George J S Choe

    PRESIDENT

    Total calculated
    $170,458
    From this org
    $170,458
    From related orgs
    $0
    Other
    $0
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $170,458
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,458

  • Young II Cho

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jisun Choe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chong Tae Kim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bong Sik Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Manual M Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Un Hwang Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry Sung Kyu Oh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jin Twilley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judy Yoo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Suk-Chung Yoon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jongmoo Jay Choi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian C Lee

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • J Mia Kim

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Han

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Grace Kim

    CFO

    Total calculated
    $110,948
    From this org
    $110,948
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jung Kang

    COE

    Total calculated
    $106,134
    From this org
    $106,134
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 5b · Pay contingent on a related organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • JAISOHN HOME CARE INC

    S · SERVICES · PA · 100% owned · share of income $459,003 · share of assets $1,416,875

Provenance

Return type
form_990
Tax year
2025
Filed
1 July 2026
IRS schema version
2025v4.2
Source object
202611889349301651

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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