Eugene And Carol Choi Family Foundation
- Assets
- $998.1k
- Revenue
- $360.4k
- Investments
- $765.0k
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-3833324
Organization Overview
Eugene And Carol Choi Family Foundation is located in Irvine, 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. Eugene And Carol Choi Family 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 12/2023, Eugene And Carol Choi Family Foundation generated $360.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $312.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Eugene And Carol Choi Family Foundation has awarded 46 individual grants totaling $1,917,332. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Choi President | 1 | $0 | |
Carol Choi Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $759 |
| Dividends & Interest | $19,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,949 |
| Capital Gain Net Income | $39,949 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $509 |
| Total Revenue | $360,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,126 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,026 |
| Contributions, gifts, grants paid | $304,200 |
| Total expenses and disbursements | $312,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,082 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $998,109 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Eugene And Carol Choi Family Foundation has awarded $304,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARMONIA MUSIC GROUP PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION - TO ENSURE A FAIR AND TRANSPARENT COMPENSATION FOR AUTHORS IN THE ONLINE MUSIC INDUSTRY THROUGH EXTENSIVE MUSIC LICENSING EXPERTISE AND INNOVATIVE TECHNOLOGY. | $50,000 |
COUNCIL OF KOREAN AMERICAN PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION - TO ADVANCE THE NATIONAL VOICE AND INFLUENCE OF THE KOREAN AMERICAN COMMUNITY THROUGH COLLABORATION AND LEADERSHIP DEVELOPMENT. | $100,000 |
IRVINE BARCLAY THEATER PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION - TO BROADEN THE SCOPE, AVAILABILITY AND APPRECIATION OF THE ARTS IN ORANGE COUNTY BY BEING A LEADING CULTURAL PRESENTER OF DIVERSE AND EXCEPTIONAL ARTISTS, AND BY PROVIDING A STATE-OF-THE-ART VENUE FOR COMMUNITY CULTURAL ORGANIZATIONS AND UNIVERSITY PROGRAMS. | $20,000 |
ORANGE COUNTY MUSEUM OF ART PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION - TO ENRICHES THE LIVES OF A DIVERSE AND CHANGING COMMUNITY THROUGH MODERN AND CONTEMPORARY ART. | $25,000 |
PACIFIC SYMPHONY PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION - INSPIRES, ENGAGES AND SERVES ORANGE COUNTY AND THE REGION THROUGH EXCEPTIONAL MUSIC PERFORMANCES, AND EDUCATION AND COMMUNITY PROGRAMMING. | $43,000 |
UCI FOUNDATION PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION - TO RAISE AND MANAGE PRIVATE FUNDS TO SUPPORT UCI'S BROADER MISSION OF EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE. | $66,200 |