Jumy Foundation Inc
- Assets
- $1.2m
- Revenue
- $98.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-3503574
Organization Overview
Jumy Foundation Inc is located in Danbury, CT. The organization was established in 2014. 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. Jumy 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 12/2022, Jumy Foundation Inc generated $98.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $68.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jumy Foundation Inc has awarded 134 individual grants totaling $118,007. 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
J.Y. PARK PIANO COMPETITION HELD AT WESTERN CONNECTICUT STATE UNIVERSITY FOR AREA MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS.
KOREAN LOGISITCS ASSOCIATION EVENT HELD IN AUGUST TO RECOGNIZE EXCELLENCE IN RESEARCH
MUSIC STUDENT SCHOLARSHIPS - WESTERN CT STATE UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jung-Yong Park President And Director | 1 | $0 | |
Myoung-Hee Park Vice-President And Directo | 1 | $0 | |
Sissela Park Director | 1 | $0 | |
Saylea Park Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $287 |
| Dividends & Interest | $15,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,887 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $735 |
| Total Revenue | $98,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,418 |
| Printing and publications | $423 |
| Other expenses | $43,638 |
| Total operating and administrative expenses | $49,429 |
| Contributions, gifts, grants paid | $18,921 |
| Total expenses and disbursements | $68,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $901 |
| Savings and temporary cash investments | $16,153 |
| 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 | $1,165,490 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,182,544 |
| 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, Jumy Foundation Inc has awarded $18,921 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
THE NATURE CONSERVANCY PURPOSE: CHARITABLE | $25 |
UNITED STATES OLYMPIC & PARALYMPIC FOUNDATION PURPOSE: CHARITABLE | $25 |
CONNECTICUT LITTLE LEAGUE PURPOSE: CHARITABLE | $40 |
HOLLYWOOD SCULPTURE GARDEN PURPOSE: CHARITABLE | $40 |
ELENA ROSSMAN PURPOSE: PIANO COMPETITION AWARD | $300 |
RIE MATSMOTO PURPOSE: PIANO COMPETITION AWARD | $400 |