The Cho Foundation Inc
- Assets
- $14.8k
- Revenue
- $14.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 26-1522035
Organization Overview
The Cho Foundation Inc is located in Fort Lee, NJ. The organization was established in 2008. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Cho 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 12/2023, Cho Foundation Inc generated $14.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $26.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cho Foundation Inc has awarded 90 individual grants totaling $180,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO INDIVIDUALS
CHARITABLE CONTRIBUTIONS TO EXEMPT ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,000 |
| Interest on Savings | $90 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,493 |
| Total operating and administrative expenses | $2,494 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $26,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825 |
| Savings and temporary cash investments | $13,996 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,821 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, The Cho Foundation Inc has awarded $24,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
JONGSEOK MOON PURPOSE: SCHOLARSHIP | $2,000 |
ALLISON LEE PURPOSE: SCHOLARSHIP | $2,000 |
JOYCE KIM PURPOSE: SCHOLARSHIP | $2,000 |
JUHYOUNG LEE PURPOSE: SCHOLARSHIP | $2,000 |
JULIA HONG PURPOSE: SCHOLARSHIP | $2,000 |
JUNSEO KIM PURPOSE: SCHOLARSHIP | $2,000 |