Song Foundation
- Assets
- $3.4m
- Revenue
- $380.1k
- Investments
- $3.3m
- Employees
- 0
- Location
- West Deptford, NJ
- Founding
- 10/1995
- Data as of
- 03/2023
- EIN
- 22-3340460
Organization Overview
Song Foundation is located in West Deptford, NJ. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Song Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Song Foundation generated $380.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $280.9k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Young Sim Song Trustee | 0 | $0 | |
John Song Trustee | 0.25 | $0 | |
Philip Song Trustee | 0.25 | $0 | |
Marsha Song Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $297,950 |
| Interest on Savings | $4,230 |
| Dividends & Interest | $71,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,194 |
| Capital Gain Net Income | $6,194 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $380,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,708 |
| Total operating and administrative expenses | $47,146 |
| Contributions, gifts, grants paid | $233,800 |
| Total expenses and disbursements | $280,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,028 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,325,906 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,404,934 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |