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← HOPE SIGHT MISSION ASSOCIATION

Form 990 for tax year 2024

Filed by HOPE SIGHT MISSION ASSOCIATION.

Totals

Total revenue
$122,212
Total expenses
$153,554
Contributions and grants received
$122,212
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,080,626
Total liabilities, end of year
$384,646
Net assets or fund balances, end of year
$695,980
Program services expenses (Part IX)
$36,402
Management and general expenses
$106,897
Fundraising expenses
$10,255
Program service expenses (Part III)
$36,402

Program services were 23.7% 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

    $122,212

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $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

  • 6 · Compensation of disqualified persons

    total $12,000 · program services $0 · management and general $12,000 · fundraising $0

  • 10 · Payroll taxes

    total $3,672 · program services $0 · management and general $3,672 · fundraising $0

  • 11c · Fees: accounting

    total $2,980 · program services $0 · management and general $2,980 · fundraising $0

  • 12 · Advertising and promotion

    total $6,824 · program services $6,824 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $965 · program services $0 · management and general $965 · fundraising $0

  • 20 · Interest

    total $22,564 · program services $0 · management and general $22,564 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $10,474 · program services $4,220 · management and general $4,476 · fundraising $1,778

  • 23 · Insurance

    total $7,068 · program services $0 · management and general $7,068 · fundraising $0

  • 24e · All other expenses

    total $51,007 · program services $25,358 · management and general $17,172 · fundraising $8,477

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,713 · end of year $49,751

  • 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

    $1,039,694

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

    $17,413

  • 10c · Land, buildings and equipment, net

    beginning of year $988,519 · end of year $1,022,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,639 · end of year $7,253

  • 23 · Secured mortgages and notes payable

    beginning of year $358,865 · end of year $377,393

  • 31 · Retained earnings, endowment or other funds

    beginning of year $727,322 · end of year $695,980

Mission and programs · 2024

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 $36,402

As filed on the 2024 return.

Listed in Part VII

  • Young Soo Choo

    CEO & CFO

    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

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
2024
Filed
7 May 2025
IRS schema version
2024v5.1
Source object
202531349349306788

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