Faithful Servants Foundation
- Assets
- $4.8m
- Revenue
- -$463.3k
- Investments
- $3.8m
- Employees
- 0
- Location
- Yorba Linda, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3631275
Organization Overview
Faithful Servants Foundation is located in Yorba Linda, CA. The organization was established in 2009. 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. Faithful Servants Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Faithful Servants Foundation has awarded 258 individual grants totaling $2,872,332. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO HELP FURTHER WELFARE OF PHYSICALLY CHALLENGED INDIVIDUALS
DONATIONS TO SUPPORT RELIGIOUS ACTIVITIES AROUND THE GLOBE.
SCHOLARSHIPS TO SUPPORT EDUCATIONAL PURSUITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Edward Chu Founder/trustee | 10 | $0 | |
Yoo Young Chu Founder/trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,204 |
| Dividends & Interest | $25,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$490,081 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$463,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,591 |
| Printing and publications | $0 |
| Other expenses | $31,513 |
| Total operating and administrative expenses | $36,537 |
| Contributions, gifts, grants paid | $364,500 |
| Total expenses and disbursements | $401,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,600 |
| Savings and temporary cash investments | $825,000 |
| 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 | $4,775,716 |
| 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 |
Grants Awarded
Over the last fiscal year, Faithful Servants Foundation has awarded $364,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BARNABAS INT'L YANA AHN PURPOSE: WORLDWIDE MISSIONARY WORK | $36,000 |
FOCUS INTERNATIONAL DEVELOPMENT (JAMES HAW) PURPOSE: WORLDWIDE MISSIONARY WORK | $4,000 |
FRONTIER VENTURES PURPOSE: WORLDWIDE MISSIONARY WORK | $8,000 |
HANARO CHURCH PURPOSE: AMERICAN KOREAN CHURCH IN VIRGINIA | $25,000 |
OC INTERNATIONAL PURPOSE: WORLD WIDE MISSIONARY GROUP | $3,000 |
MISSION INCUBATOR PURPOSE: MISSIONARY PROGRAM | $18,000 |