Seoul Medical Charity Foundation
- Assets
- $146.6k
- Revenue
- $32.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3037065
Organization Overview
Seoul Medical Charity Foundation is located in Los Angeles, CA. The organization was established in 2016. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seoul Medical Charity 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, Seoul Medical Charity Foundation generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $50.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seoul Medical Charity Foundation has awarded 74 individual grants totaling $198,611. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTION BENEFICIARY : KOREAN AMERICAN MEDICAL ASSOCIATION
CHARITABLE CONTRIBUTION BENEFICIARY : MANNA MISSION
CHARITABLE CONTRIBUTION BENEFICIARY : KOREAN AMERICAN CHAMBER OF COMMERCE OF LOS ANGELES
CHARITABLE CONTRIBUTION BENEFICIARY : SAVE OUR SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Min Young Cha President | 1 | $0 | |
Dong Hoon Kim Secretary | 1 | $0 | |
Kyung Mo Han Treasurer | 1 | $0 | |
Young Jik Lee Director | 1 | $0 | |
Soo Kang Director | 1 | $0 | |
Jason Paek Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,000 |
| 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 | $32,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $272 |
| Total operating and administrative expenses | $4,672 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $50,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,627 |
| 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 | $146,627 |
| 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, Seoul Medical Charity Foundation has awarded $46,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
MANNA MISSION PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Los Angeles, CA PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Los Angeles, CA PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
AUDREY SHIN PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
Los Angeles, CA PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sequoia Hospital Foundation Redwood City Ca, CA | $24,695,467 | $5,009,692 |
Keiro Services Los Angeles, CA | $85,934,408 | $1,046,146 |
Creighton University Arizona Health Education Alliance Phoenix, AZ | $1,380,752 | $3,660,850 |
California Medical Association Properties Inc Sacramento, CA | $31,213,733 | $2,769,085 |
Covenant Health Network Phoenix, AZ | $1,059,787 | $3,272,102 |
Community Pathways Portland, OR | $2,518,524 | $2,996,605 |
Reproductive Health Investors Alliance Inc San Francisco, CA | $3,893,579 | $451,000 |
Los Angeles County Usc Medical Center Auxiliary Los Angeles, CA | $1,854,785 | $2,822,197 |
Center For Quality Systems Improvement Roseville, CA | $1,341,904 | $1,785,342 |
Private Essential Access Community Hospitals Inc Sacramento, CA | $531,216 | $1,410,595 |
Compass Cooperative Health Plan Inc Scottsdale, AZ | $3,820,448 | $10,074 |
Community Health Initiative Of Orange County Santa Ana, CA | $896,910 | $1,163,525 |