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THE FOUNDATION'S MISSION IS TO PROMOTE AND FULFILL DR. PHILIP JAISOHN'S IDEALS OF HUMANITY THROUGH MEDICAL, SOCIAL, EDUCATIONAL AND CULTURAL SERVICES FOR THE ENHANCEMENT OF THE QUALITY OF THE LIFE IN THE COMMUNITIES PARTICULARLY THOSE OF ASIAN AMERICANS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$9.9M
Program Spending
76%
of total expenses go to program services
Total Contributions
$7.8M
Total Expenses
▼$2.7M
Total Assets
$14.4M
Total Liabilities
▼$212.4K
Net Assets
$14.2M
Officer Compensation
→$236.6K
Other Salaries
$865.4K
Investment Income
$256K
Fundraising
▼$27.6K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
0
Material Weakness
No
Noncompliance Issues
Yes
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Minor Findings | Unmodified (Clean) | $4.6M | No | 2026-01-14 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.6M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $9.9M | $7.8M | $2.7M | $14.4M | $14.2M |
| 2023IRS e-File | $3.5M | $1.2M | $2.9M | $7M | $6.9M |
| 2022 | $2.8M | $556K | $2.4M | $6.5M | $6.3M |
| 2021 | $2.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jung S Choe | President | 50 | $151.5K | $0 | $0 | $151.5K |
| Grace Kim | CFO | 40 | $104K | $0 | $0 | $104K |
| Brian C Lee | Chairman Of The Board | 1 | $0 | $0 | $0 | $0 |
| J Mia Kim | Treasurer | 1 | $0 | $0 | $0 | $0 |
| John Han | Secretary | 1 | $0 | $0 | $0 | $0 |
Jung S Choe
President
$151.5K
Hrs/Wk
50
Compensation
$151.5K
Related Orgs
$0
Other
$0
Grace Kim
CFO
$104K
Hrs/Wk
40
Compensation
$104K
Related Orgs
$0
Other
$0
Brian C Lee
Chairman Of The Board
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
J Mia Kim
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Han
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bong Sik Lee | Board Member | 1 | $0 | $0 | $0 | $0 |
| Chong Tae Kim | Board Member | 1 | $0 | $0 | $0 | $0 |
| Hack Ryang Chung | Board Member | 1 | $0 | $0 | $0 | $0 |
| Henry Sung Kyu Oh | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jin Park | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jin Twilley | Board Member |
Bong Sik Lee
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Chong Tae Kim
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hack Ryang Chung
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $795.1K |
| $2.4M |
| $6.4M |
| $6.2M |
| 2020 | $2.9M | $761.4K | $2.2M | $5.7M | $5.4M |
| 2019 | $3.1M | $1.1M | $2.3M | $4.8M | $4.6M |
| 2018 | $2.2M | $209.6K | $2M | $3.8M | $3.7M |
| 2017 | $2M | $196.8K | $1.8M | $3.7M | $3.6M |
| 2016 | $1.8M | $146.6K | $1.7M | $2.6M | $2.5M |
| 2015 | $1.8M | $164K | $1.7M | $2.6M | $2.5M |
| 2014 | $2.2M | $208K | $1.8M | $2.7M | $2.5M |
| 2013 | $2M | $191.3K | $1.7M | $2.3M | $2.1M |
| 2012 | $1.5M | $108.1K | $1.5M | $2.1M | $2M |
| 2011 | $1.5M | $105.2K | $1.5M | $2.2M | $1.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jongmoo Jay Choi | Board Member | 1 | $0 | $0 | $0 | $0 |
| Judy Yoo | Board Member | 1 | $0 | $0 | $0 | $0 |
| Manual M Lee | Board Member | 1 | $0 | $0 | $0 | $0 |
| Seiwoong Oh | Board Member | 1 | $0 | $0 | $0 | $0 |
| Suk-Chung Yoon | Board Member | 1 | $0 | $0 | $0 | $0 |
| Un Hwang Lee | Board Member | 1 | $0 | $0 | $0 | $0 |
| Young Ii Cho | Board Member | 1 | $0 | $0 | $0 | $0 |
Henry Sung Kyu Oh
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jin Park
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jin Twilley
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jongmoo Jay Choi
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Judy Yoo
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Manual M Lee
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Seiwoong Oh
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Suk-Chung Yoon
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Un Hwang Lee
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Young Ii Cho
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0