Soo Foundation Inc
- Assets
- $2.5m
- Revenue
- $233.7k
- Investments
- $2.5m
- Employees
- 0
- Location
- Forest, OH
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 34-1481699
Organization Overview
Soo Foundation Inc is located in Forest, OH. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Soo 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, Soo Foundation Inc generated $233.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $204.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Soo Foundation Inc has awarded 75 individual grants totaling $1,253,410. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Soo Vice President | 0 | $0 | |
Michael L Soo Trustee | 0 | $0 | |
Liang Yee Soo MD President | 0 | $0 | |
Jeffery D Soo Trustee | 0 | $0 | |
Susan Hunsaker Secy/treasurer | 10 | $9,750 | |
Catherine Soo Nerantzis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,857 |
| Capital Gain Net Income | $163,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $233,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11 |
| Taxes | $5,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $453 |
| Printing and publications | $0 |
| Other expenses | $24,335 |
| Total operating and administrative expenses | $45,749 |
| Contributions, gifts, grants paid | $159,000 |
| Total expenses and disbursements | $204,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,040 |
| 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 | $2,493,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,514,677 |
| 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, Soo Foundation Inc has awarded $159,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
YESHE NYINGPO INC PURPOSE: GENERAL | $30,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF | $15,000 |
MILAREPA OSEL CHO DZONG PURPOSE: STUPA & RETREAT CENTER | $20,000 |
ASSOC FOR FRONTAL TEMPORAL DEGENERA PURPOSE: GENERAL | $15,000 |
THE CAROLINA PHILHARMONIC PURPOSE: GENERAL | $1,000 |
CHAPEL HILL CARRBORO PUBLIC SCHOOL PURPOSE: GENERAL | $5,000 |