Totals
- Total revenue
- $390,619
- Total expenses
- $137,385
- Contributions and grants received
- $308,700
- Grants paid
- $116,700
- Program service revenue
- $0
- Investment income
- $81,919
- Other revenue
- $0
- Total assets, end of year
- $2,021,535
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,021,535
- Program services expenses (Part IX)
- $116,700
- Management and general expenses
- $20,685
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $116,700
Program services were 84.9% 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
$308,700
-
3 · Investment income
total $67,899 · related or exempt $67,899
-
7a · Gross sales of assets other than inventory
securities $327,177
-
7b · Less cost or other basis and sales expenses
securities $313,157
-
7c · Gain or loss
securities $14,020
-
7d · Net gain or loss
total $14,020 · related or exempt $14,020
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $72,700 · program services $72,700
-
2 · Grants to domestic individuals
total $44,000 · program services $44,000
-
11f · Fees: investment management
total $27 · management and general $27
-
24a · Other expenses: ADMINISTRATION
total $20,658 · management and general $20,658
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $518,290 · end of year $288,329
-
2 · Savings and temporary cash investments
beginning of year $58,295 · end of year $500,000
-
4 · Accounts receivable
beginning of year $856 · end of year $9,612
-
7 · Other notes and loans receivable
beginning of year $800,000 · end of year $800,000
-
11 · Investments: publicly traded securities
beginning of year $386,783 · end of year $423,594
-
15 · Other assets
beginning of year $4,077
-
27 · Net assets without donor restrictions
beginning of year $1,768,301 · end of year $2,021,535
Mission and programs · 2024
Mission
TO PROVIDE FINANCIAL AID TO CHILDREN WHO ARE EXPERIENCING ECONOMIC CHALLENGES DURING THEIR ACADEMIC DEVELOPMENT. TO SUPPORT NEW GENERATION AND TO CONTRIBUTE TO THE SOCIETY AND DEVELOPMENT OF LEADERSHIP
-
RELIEF FOR NEEDY FAMILIES IN COMMUNITY
Expenses $72,700 · Grants $72,700
-
SCHOLARSHIP AWARD TO 22 STUDENTS
Expenses $44,000 · Grants $44,000
As filed on the 2024 return.
Listed in Part VII
-
JOON HO CHOI
DIRECTOR
- Total calculated
- $0
-
BRIAN S KIM
TREASURER AN
- Total calculated
- $0
-
SHINYONG KIM
SECRETARY AN
- Total calculated
- $0
-
YOUNG S KIM
PRESIDENT AN
- Total calculated
- $0
-
KI JUNE KWON
DIRECTOR
- Total calculated
- $0
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
-
$20,000
FOR NEEDED FAMILY
-
FOR NEEDED FAMILY
-
FOR NEEDED FAMILY
-
MLK COMMUNITY HEALH FOUNDATION
$10,000
MEDICAL SERVICE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 July 2025
- IRS schema version
- 2024v5.0
- Source object
- 202542099349301244
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