Matthew Nam Foundation Inc is located in Laguna Woods, CA. The organization was established in 2019. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew Nam 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 12/2023, Matthew Nam Foundation Inc generated $123.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $83.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO ENHANCE THE LIVES OF THOSE OTHERWISE DEPRIVED OF OPPORTUNITIES BY IMPROVING ACCESS TO EDUCATION, HEALTH, PRACTICAL TRAINING, AND INVESTMENT IN LOCAL BUSINESSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jin Y Nam CEO | 20 | $0 | |
William W Nam Secretary | 20 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $123,530 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $123,530 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $3,338 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $3,817 |
Other expenses | $1,078 |
Total expenses | $83,733 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $39,797 |
Other assets | $0 |
Total assets | $39,797 |
Total liabilities | $0 |
Net assets or fund balances | $39,797 |