Yu Foundation Of America
- Assets
- $27.7k
- Revenue
- $122.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-4943163
Organization Overview
Yu Foundation Of America is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yu Foundation Of America 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, Yu Foundation Of America generated $122.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.6%) each year. All expenses for the organization totaled $95.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.9%) per year over the past 4 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY ALUMNI ASSOCIATION - ITS MISSION IS TO PROMOTE NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT. THE ASSOCIATION ORGANIZES EVENTS AND CONTRIBUTES TO UNIVERSITY DEVELOPMENT PROJECTS.
CONTRIBUTING FUNDS TO UNIVERSITY TO SUPPORT THE DEVELOPMENT OF A UNIVERSITY.
RECEIVING AND DONATING COLLEGE SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Rhee CFO | 0 | $0 | |
Kyong Hoon Han Secretary | 0 | $0 | |
Hyunmok Cho CEO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,800 |
| Interest on Savings | $0 |
| 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 | $122,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $220 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,311 |
| Total operating and administrative expenses | $81,331 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $95,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,698 |
| 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 | $27,698 |
| 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, Yu Foundation Of America has awarded $14,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YEUNGNAM UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |
YEUNGNAM UNIVERSITY PURPOSE: DEVELOPMENT FUND | $5,000 |
YEUNGNAM UNIVERSITY ALUMNI ASSOCIAT PURPOSE: DEVELOPMENT FUND | $5,000 |