Choggiung Educational Endowment Foundation
- Assets
- $439.4k
- Revenue
- $41.2k
- Investments
- $430.3k
- Employees
- 0
- Location
- Dillingham, AK
- Founding
- 03/1996
- Data as of
- 09/2023
- EIN
- 92-0155519
Organization Overview
Choggiung Educational Endowment Foundation is located in Dillingham, AK. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Choggiung Educational Endowment 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 09/2023, Choggiung Educational Endowment Foundation generated $41.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $27.7k during the year ending 09/2023. 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
DURING THE YEAR, THE FOUNDATION GRANTED 16 SCHOLARSHIPS TOSHAREHOLDERS OF CHOGGIUNG LIMITED & THEIR DECENDANTS.THE SCHOLARSHIPS WERE USED FOR TUITION PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Leonetti Chairman | 0.75 | $0 | |
Jean Barrett Officer | 0.75 | $0 | |
Frank Woods III Officer | 0.75 | $0 | |
John Heyano Officer | 0.75 | $0 | |
Marina Hiratsuka Officer | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,349 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,086 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,761 |
| Capital Gain Net Income | $8,761 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,220 |
| Total operating and administrative expenses | $7,132 |
| Contributions, gifts, grants paid | $20,549 |
| Total expenses and disbursements | $27,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,076 |
| 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 | $430,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $439,351 |
| 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, Choggiung Educational Endowment Foundation has awarded $24,329 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
SIERRA ROEHL PURPOSE: CAREER ENHANCEMENT SCHOLARSHIP | $329 |
MEGAN JOHNSON PURPOSE: CAREER ENHANCEMENT SCHOLARSHIP | $500 |
SIERRA ROEHL PURPOSE: CAREER ENHANCEMENT SCHOLARSHIP | $500 |
TYLER R HANSEN PURPOSE: CAREER ENHANCEMENT SCHOLARSHIP | $500 |
BRYN TENNYSON PURPOSE: CAREER ENHANCEMENT SCHOLARSHIP | $500 |
SHAUNTAE NORBERT PURPOSE: CAREER ENHANCEMENT SCHOLARSHIP | $500 |