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Nonprofiteer
← THE PHILIP JAISOHN MEMORIAL FOUNDATION INC

Form 990 for tax year 2024

Filed by THE PHILIP JAISOHN MEMORIAL FOUNDATION INC.

Totals

Total revenue
$9,885,684
Total expenses
$2,748,759
Contributions and grants received
$7,811,934
Grants paid
$46,000
Program service revenue
$1,579,665
Investment income
$255,980
Other revenue
$238,105
Total assets, end of year
$14,441,774
Total liabilities, end of year
$212,407
Net assets or fund balances, end of year
$14,229,367
Program services expenses (Part IX)
$2,075,318
Management and general expenses
$592,722
Fundraising expenses
$80,719
Program service expenses (Part III)
$2,075,318

Program services were 75.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JUNG S CHOE

    PRESIDENT

    Total calculated
    $151,490
    From this org
    $151,490
    From related orgs
    $0
    Other
    $0
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $151,490
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,490

  • JONGMOO JAY CHOI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YOUNG II CHO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HACK RYANG CHUNG

    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

  • SEIWOONG OH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIN PARK

    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

  • 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
    $104,043
    From this org
    $104,043
    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 $169,181 · share of assets $1,063,124

Provenance

Return type
form_990
Tax year
2024
Filed
17 June 2025
IRS schema version
2024v5.1
Source object
202501769349300910

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