Jung Family Foundation
- Assets
- $612.9k
- Revenue
- $25.3k
- Investments
- $472.8k
- Employees
- 0
- Location
- Sun City West, AZ
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 39-6669489
Organization Overview
Jung Family Foundation is located in Sun City West, AZ. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Jung 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 12/2021, Jung Family Foundation generated $25.3k 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 (26.6%) each year. All expenses for the organization totaled $40.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jung Family Foundation has awarded 38 individual grants totaling $222,612. 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 |
|---|---|---|---|
Charles Jung Exec Committee Member | 0.1 | $0 | |
John C Jung Trustee & Founder | 0.5 | $0 | |
David Jung Exec Committee Member | 0.1 | $0 | |
Peter Jung Exec Committee Member | 0.1 | $0 | |
Dorothy Jung Exec Committee Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $13,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,341 |
| Capital Gain Net Income | $11,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,285 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,377 |
| Contributions, gifts, grants paid | $34,000 |
| Total expenses and disbursements | $40,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $140,076 |
| 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 | $472,794 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $612,870 |
| 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, Jung Family Foundation has awarded $34,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Beaver Dam, WI PURPOSE: DEFRAY OPERATING EXPENSES | $8,500 |
Beaver Dam, WI PURPOSE: DEFRAY OPERATING EXPENSES | $8,500 |
SINGLE MOM MINISTRIES PURPOSE: DEFRAY OPERATING EXPENSES | $4,250 |
SOJOURN CHURCH PURPOSE: DEFRAY OPERATING EXPENSES | $4,250 |
HIMALAYAN CATARACT PROJECT PURPOSE: DEFRAY OPERATING EXPENSES | $2,834 |
Chicago, IL PURPOSE: DEFRAY OPERATING EXPENSES | $2,833 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Funders Group Berkeley, CA | $23,826,861 | $25,307,328 |
United Way Of Northern Utah Ogden, UT | $14,414,361 | $4,637,663 |
United Way Of Monterey County Monterey, CA | $13,516,071 | $8,095,454 |
Americas Best Charities San Rafael, CA | $10,646,936 | $7,386,195 |
United Way Of Larimer County Inc Fort Collins, CO | $7,692,443 | $6,500,342 |
United Way Of San Diego County San Diego, CA | $15,586,637 | $8,439,082 |
United Way Of Northern California Redding, CA | $4,668,549 | $4,887,789 |
United Way Of Weld County Inc Greeley, CO | $5,895,187 | $7,008,653 |
Northern California Grantmakers San Francisco, CA | $6,839,491 | $6,676,722 |
Jewish Federation Of San Diego County San Diego, CA | $21,912,767 | $5,847,982 |
San Diego Christian Foundation Inc San Diego, CA | $2,448,206 | $5,369,713 |
Jewish Federation And Family Services Of Orange County Irvine, CA | $13,584,328 | $5,181,457 |