Taeyoung & Hwaja Choi Foundation Inc
- Assets
- $379.5k
- Revenue
- $6.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Walnut, CA
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-4632731
Organization Overview
Taeyoung & Hwaja Choi Foundation Inc is located in Walnut, CA. The organization was established in 2011. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taeyoung & Hwaja Choi 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, Taeyoung & Hwaja Choi Foundation Inc generated $6.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (50.4%) each year. All expenses for the organization totaled $13.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION SUPPORT FOR MISSION OF MEKONG RIVER AND AMERICAN EVANGELICAL UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Choi President | 0 | $0 | |
Hwaja Choi CFO | 0 | $0 | |
Taeyoung Choi Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,782 |
| Interest on Savings | $950 |
| 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 | $6,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $628 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $13,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,451 |
| 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 | $379,451 |
| 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, Taeyoung & Hwaja Choi Foundation Inc has awarded $13,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KOREA EVANGELICAL CHURCH PURPOSE: MISSION | $7,000 |
SAIPAN EVANGELICAL CHURCH PURPOSE: MISSION | $3,000 |
Los Angeles, CA PURPOSE: MISSION | $2,000 |
Los Angeles, CA PURPOSE: MISSION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |
Masters Academy International Inc Sun Valley, CA | $13,685,330 | $10,175,321 |
Society For Christian Instruction Ripon, CA | $27,201,760 | $9,423,324 |
Village Missions Dallas, OR | $5,481,807 | $8,833,787 |
Path Of Life Ministries Riverside, CA | $2,263,670 | $6,512,094 |
Reasons To Believe Covina, CA | $11,307,882 | $5,805,662 |
Priority Living Inc Corona, CA | $3,682,514 | $6,284,416 |
Global Training Network Inc Peoria, AZ | $3,445,890 | $6,634,687 |
Desert Trails Inc Adelanto, CA | $15,530,749 | $7,542,777 |
New Generations Los Altos, CA | $5,470,778 | $6,966,320 |
Langham Partnership Usa Inc Nfp Cave Creek, AZ | $4,743,435 | $6,322,505 |