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Nonprofiteer
← COLOR STREET FOUNDATION INC

Form 990 for tax year 2023

Filed by COLOR STREET FOUNDATION INC.

Totals

Total revenue
$500,000
Total expenses
$610,393
Contributions and grants received
$500,000
Grants paid
$409,350
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$283,756
Total liabilities, end of year
$1,783
Net assets or fund balances, end of year
$281,973
Program services expenses (Part IX)
$580,236
Management and general expenses
$30,157
Fundraising expenses
$0
Program service expenses (Part III)
$580,236

Program services were 95.1% 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

    $500,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $379,350 · program services $379,350

  • 3 · Grants to foreign organizations and individuals

    total $30,000 · program services $30,000

  • 5 · Compensation of officers, directors and key employees

    total $70,000 · program services $59,500 · management and general $10,500

  • 7 · Other salaries and wages

    total $92,483 · program services $78,611 · management and general $13,872

  • 8 · Pension plan contributions

    total $3,331 · program services $2,831 · management and general $500

  • 10 · Payroll taxes

    total $13,585 · program services $11,547 · management and general $2,038

  • 11a · Fees: management

    total $17,672 · program services $15,021 · management and general $2,651

  • 11g · Fees: other

    total $3,972 · program services $3,376 · management and general $596

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $392,366 · end of year $283,756

  • 17 · Accounts payable and accrued expenses

    end of year $1,783

  • 27 · Net assets without donor restrictions

    beginning of year $392,366 · end of year $281,973

Mission and programs · 2023

Mission

TO EMPOWER PEOPLE TO ACHIEVE PERSONAL SUCCESS AND FINANCIAL FREEDOM THROUGH TRAINING AND TO FURTHER PHILANTHROPIC MISSIONS TO CURE DISEASES AND END POVERTY.

  • TO ACHIEVE PHILANTHROPIC MISSIONS BY FUNDING FOR CURING DISEASES INCLUDING AUTISM AND CANCERS.

    Expenses $580,236 · Grants $409,350

As filed on the 2023 return.

Listed in Part VII

  • Hyeran Park

    CHAIRWOMAN

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Fa Park

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Phillip Park

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul Sangillo

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202401309349304765

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

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