Ww & Jj Choi Foundation Inc
- Assets
- $7.5m
- Revenue
- $2.4m
- Investments
- $4.3m
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-3709672
Organization Overview
Ww & Jj Choi Foundation Inc is located in Cupertino, CA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ww & Jj Choi 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 12/2022, Ww & Jj Choi Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $345.3k during the year ending 12/2022. While expenses have increased by 13.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ww & Jj Choi Foundation Inc has awarded 141 individual grants totaling $2,587,655. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne W Choi Executive Direc | 0 | $0 | |
Jane J Choi Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,672,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $150,689 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $594,511 |
| Capital Gain Net Income | $594,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,418,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $223 |
| Total operating and administrative expenses | $16,866 |
| Contributions, gifts, grants paid | $328,400 |
| Total expenses and disbursements | $345,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,783 |
| Savings and temporary cash investments | $3,209,902 |
| 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 | $7,539,224 |
| 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, Ww & Jj Choi Foundation Inc has awarded $328,400 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
NEW LIFE MISSION CHURCH PURPOSE: FOR CHARITABLE PURPOSE | $48,100 |
BIBLE STUDY FELLOWSHIP INTERNATIONA PURPOSE: FOR FELLOWSHIP | $5,000 |
CITY TEAM MINISTIRES PURPOSE: FOR PROVIDING HOT MEAL, BED, AND CLOTHINGS | $5,000 |
SECOND HARVEST FOOD BANK PURPOSE: FOR FIGHTING LOCAL HUNGER | $5,000 |
EDEN CHURCH PURPOSE: FOR CHARITABLE PURPOSE | $15,800 |
MY HOMETOWN HEROES INC PURPOSE: FOR PROVIDING SCHOLARSHIP FOR YOUNG ADJUST CANCER SURVIVORS | $30,000 |