Immanuel Cambodia
- Assets
- $412.0k
- Revenue
- $776.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 02/2019
- Data as of
- 06/2023
- EIN
- 82-5169729
Organization Overview
Immanuel Cambodia is located in Cupertino, CA. The organization was established in 2019. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, 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. Immanuel Cambodia 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 06/2023, Immanuel Cambodia generated $776.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 50.7% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION WILL ESTABLISH AND OPERATE AN INTERNATIONAL SCHOOL IN CAMBODIA, WHICH WILL NAMED CONRNERSTONEINTERNATIONAL ACADEMY. THE SCHOOL WILL BE LOCATED IN THE LITTLE VILLAGE OF PREY KCHEAY, WHICH IS LOCATED TWO HOURS SOUTH OF THE PHNOM PENH, THE CAPITAL CITY OF CAMBODIA. THE SCHOOL WILL PROVIDE EDUCATION FOR THE UNDERPRIVILEGED POPULATION. IT PLANS TO OPEN THE SCHOOL FOR KINDERGARTEN AND FIRST-GRADE STUDENTS IN ITS FIRST YEAR OF OPERATION. IT WILL THEN ADD ONE HIGHER GRADE LEVEL IN EACH OF THE SUCCESSIVE YEARS UNTIL IT HAS ALL KINDERGARTEN THROUGH 12TH GRADE LEVELS IN 12 YEARS. THE SCHOOL PLANS TO SERVE A TOTAL OF ABOUT 600 TO 700 STUDENTS WHEN ALL GRADE LEVELS ARE FILLED IN 12 YEARS. ALL CLASSES WILL BE REQUIRED TO USE THE CURRICULUM DEVELOPED BY THE MINISTRY OF EDUCATION IN CAMBODIA. THE SCHOOL PLANS TO ADD ADDITIONAL CURRICULUM ON TOP OF THESE REQUIRED CURRICULA. THE ADDITIONAL CURRICULUM WILL INCLUDE OTHER ENRICHMENT PROGRAMS SUCH AS ART, MUSIC, SCIENCE LABS, COMPUTER TECH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION STARTED CONSTRUCTING A SCHOOL BUILDING ON A 37-ACRE LAND WHICH FEW INDIVIDUALS FROM THE U.S LEASED TO THE ORGANIZATION RENT-FREE. THE CONSTRUCTION STARTED IN MARCH 2017 AND THE FIRST PHASE OF THE CONSTRUCTION WAS COMPLETED BY OCTOBER 2018. THE FIRST PHASE INCLUDED THE BUILDING OF ENOUGH CLASSROOMS FOR KINDERGARTEN TO THE SECOND 2ND GRADES. PHASE TWO CONSTRUCTION WAS IMMEDIATELY FOLLOW THAT AND WAS BE COMPLETED BY OCTOBER 2021. CURRENTLY, THE ORGANIZATION IS CONSTRUCTING THE COMMUNITY CENTER. PHASE THREE WILL INCLUDE THE BUILDING OF ENOUGH CLASSROOMS FOR ALL PRIMARY GRADES (1ST THROUGH 6TH). PHASE FOUR CONSTRUCTION WILL BE COMPLETED BY 2024 FOR MIDDLE SCHOOL (7TH THROUGH 9TH). PHASE FIVE CONSTRUCTION WILL BE COMPLETED BY 2027 FOR HIGH SCHOOL (10TH THROUGH 12TH).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Young Bae Samuel Park CEO | OfficerTrustee | 1 | $0 |
Thomas Yong Park Secretary | OfficerTrustee | 1 | $0 |
Lawrence Tsai CFO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $776,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $776,200 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $687,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $688,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,039 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,039 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $412,039 |
| Total liabilities and net assets/fund balances | $412,039 |