58 Partners Foundation
- Assets
- $729.1k
- Revenue
- $45.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 27-4199218
Organization Overview
58 Partners Foundation is located in Columbus, OH. The organization was established in 2012. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. 58 Partners 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 12/2023, 58 Partners Foundation generated $45.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $130.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sungae Shin Trustee | 1 | $0 | |
Charley Shin President | 1 | $0 | |
Kyu Chang Han Secretary | 1 | $0 | |
Candra Alisiswanto Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$77,865 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $45,913 |
| Occupancy | $55,692 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,990 |
| Total operating and administrative expenses | $130,680 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $130,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,656 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,673 |
| 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 | $667,724 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $729,053 |
| Accounts payable and accrued expenses | $760 |
| 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 | $760 |
Grants Awarded
Over the last fiscal year, 58 Partners Foundation has awarded $818,740 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
58 PARTNERS CHURCH PURPOSE: SUPPORT OPERATION EXPENSES | $86,000 |
AMECET MINISTRIES PURPOSE: TRIP EXPENSES, RENT, UTILITIES, TRANSPORTAION, MISSION OPERATION EXPENSES TO EVANGELIZE AND EQUIP YOUNG PEOPLE IN AMERICA | $18,000 |
ASIAN AMERICAN COMMUNITY SERVICE PURPOSE: AUTO PAYMENT, FUEL AND INSURANCE AS WELL AS MAINTENANCE OF 14 SEAT PASSENGER VAN | $13,200 |
BONDSERVANTS PURPOSE: TRIP EXPENSES, TRANSPORTATION, FOOD AND COMMUMNICATION TO EVANGELIZE AND TRAIN CHRISTIANS IN AMERICA AND IN FOREIGN COUNTIES | $30,000 |
BOYS AND GIRLS CLUBS OF GREATER HOUSTON INC PURPOSE: HURRICANE HARVEY RELIEF | $2,000 |
BRIGHT PROSPECTS PURPOSE: GUIDE STUDENTS TOWARDS ADMISSION TO COLLEGES AND UNIVERSITIES, SUPPORT THEM THROUGH TO GRADUATION AND TEACH THEM LIFE SKILLS THAT WILL ENABLE THEM TO SUCCESSFULLY NAVIGATE THROUGH COLLEGE AND LIFE | $12,000 |