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Nonprofiteer
← HOPE SIGHT MISSION ASSOCIATION

Form 990 for tax year 2023

Filed by HOPE SIGHT MISSION ASSOCIATION.

Totals

Total revenue
$148,176
Total expenses
$150,250
Contributions and grants received
$148,077
Grants paid
$0
Program service revenue
$0
Investment income
$99
Other revenue
$0
Total assets, end of year
$1,090,826
Total liabilities, end of year
$363,504
Net assets or fund balances, end of year
$727,322
Program services expenses (Part IX)
$48,659
Management and general expenses
$92,844
Fundraising expenses
$8,747
Program service expenses (Part III)
$48,659

Program services were 32.4% 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

    $148,077

  • 3 · Investment income

    total $99 · unrelated business $99 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $36,000 · program services $0 · management and general $36,000 · fundraising $0

  • 7 · Other salaries and wages

    total $3,000 · program services $0 · management and general $3,000 · fundraising $0

  • 10 · Payroll taxes

    total $2,983 · program services $0 · management and general $2,983 · fundraising $0

  • 11b · Fees: legal

    total $3,450 · program services $0 · management and general $3,450 · fundraising $0

  • 11c · Fees: accounting

    total $2,745 · program services $0 · management and general $2,745 · fundraising $0

  • 12 · Advertising and promotion

    total $4,015 · program services $4,015 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,356 · program services $0 · management and general $1,356 · fundraising $0

  • 20 · Interest

    total $19,025 · program services $0 · management and general $19,025 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,138 · program services $931 · management and general $1,207 · fundraising $0

  • 23 · Insurance

    total $5,776 · program services $0 · management and general $5,776 · fundraising $0

  • 24e · All other expenses

    total $69,762 · program services $43,713 · management and general $17,302 · fundraising $8,747

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,535 · end of year $93,713

  • 2 · Savings and temporary cash investments

    beginning of year $80,111

  • 5 · Loans and receivables from officers and key people

    beginning of year $4,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,594 · end of year $8,594

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

    $995,458

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

    $6,939

  • 10c · Land, buildings and equipment, net

    beginning of year $990,657 · end of year $988,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,189 · end of year $4,639

  • 23 · Secured mortgages and notes payable

    beginning of year $368,007 · end of year $358,865

  • 31 · Retained earnings, endowment or other funds

    beginning of year $729,396 · end of year $727,322

Mission and programs · 2023

Activities or mission (Part I)

TO PROVIDE ASSISTANCE AND EDUCATIONAL EVENTS FOR THE VISUALLY HANDICAPPED AND TO INFORM THE PUBLIC ACCURATELY.

  • CHARITABLE AND EDUCATIONAL EVENTS FOR THE VISUALLY HANDICAPPED

    Expenses $48,659

As filed on the 2023 return.

Listed in Part VII

  • Young Soo Choo

    CEO

    Total calculated
    $36,000
    From this org
    $36,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kenneth K Lee

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • Kwang Soo Sung

    CFO

    Total calculated
    $0
    Hours/week
    3

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202401319349303920

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