The Philip Jaisohn Memorial Foundation Inc

Organization Overview

The Philip Jaisohn Memorial Foundation Inc is located in Philadelphia, PA. The organization was established in 1976. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Philip Jaisohn Memorial Foundation Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philip Jaisohn Memorial Foundation Inc 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 12/2021, Philip Jaisohn Memorial Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

.

Describe the Organization's Program Activity:

MEDICAL SERVICES: THE FOUNDATION PROVIDES VARIOUS MEDICAL SERVICES TO THE COMMUNITY, INCLUDING MEDICAL CLINIC, HEALTH EDUCATION AND SCREENING, FLU SHOTS AND OTHER MEDICAL SERVICES.


HUMAN SERVICES AND ADVOCACY: THE FOUNDATION IS DEDICATED TO HELPING AND PROMOTING THE ASIAN AMERICAN COMMUNITY BY PROVIDING VARIOUS BENEFITS AND PROGRAMS INCLUDING MENTAL HEALTH COUNSELING, SENIOR SERVICES, SOCIAL SERVICES, HEALTH INSURANCE SERVICES, ADVOCACY, EDUCATION AND LEADERSHIP PROGRAMS.


MEMORIAL HOUSE: THE FOUNDATION MANAGES AND MAINTAINS A SEPARATE HISTORICAL MUSEUM, THE JAISOHN HOUSE, WHICH WAS ONCE THE HOUSE IN WHICH DR. PHILIP JAISOHN RESIDED. THE MEMORIAL HOUSE IS LOCATED IN MEDIA, PENNSYLVANIA.


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Board, Officers & Key Employees

Name (title)Compensation
Jung S Choe
President
$110,577
Grace Kim
CFO
$11,077
Chong Tae Kim
Board Chairm
$0
Brian C Lee
Treasurer
$0
Seiwoong Oh
Secretary
$0
Jongmoo Jay Choi
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Won Myung Kim Md
Physician
$287,377
Young Nam Kim Md
Physician
$218,461
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$66,550
Related organizations$0
Government grants $382,726
All other contributions, gifts, grants, and similar amounts not included above$345,854
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$795,130
Total Program Service Revenue$1,669,359
Investment income $40,947
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,414
Net Income from Fundraising Events -$27,847
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,857,016

Grants Recieved

Over the last fiscal year, we have identified 6 grants that The Philip Jaisohn Memorial Foundation Inc has recieved totaling $127,709.

Awarding OrganizationAmount
Healthspark Foundation

Colmar, PA

PURPOSE: CONTINUED COMMUNITY BUILDING NETWORK FOR ASIAN AMERICAN COALITION AND DEVELOPING HUMAN SERVICE CAPABILITY AS IT RELATES TO SAFETY NET; OPERATING SUPPORT

$30,500
Vna Foundation Of Greater North Penn

Lansdale, PA

PURPOSE: NORTH PENN PROGRAMMING ($15,000)TRANSLATION SERVICES, WELLNESS SERVICES, SUPPORTIVE SERVICES AND PROGRAMMING ($15,000)OPERATIONS ($100)

$30,100
Independence Blue Cross Foundation

Philadelphia, PA

PURPOSE: CORE SUPPORT

$30,000
Independence Blue Cross Foundation

Philadelphia, PA

PURPOSE: COVID

$25,000
Philanthropy Network Greater Philadelphia

Philadelphia, PA

PURPOSE: GENERAL OPERATING SUPPORT

$12,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$109
View Grant Recipient Profile

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