Jung Family Foundation
- Assets
- $595.1k
- Revenue
- $23.7k
- Investments
- $471.9k
- Employees
- 0
- Location
- Williamsburg, MI
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 39-6669489
Organization Overview
Jung Family Foundation is located in Williamsburg, MI. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Jung Family 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, Jung Family Foundation generated $23.7k 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 (22.0%) each year. All expenses for the organization totaled $18.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jung Family Foundation has awarded 37 individual grants totaling $225,213. 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 |
|---|---|---|---|
Peter Jung Exec Committee Member | 0.1 | $0 | |
David Jung Exec Committee Member | 0.1 | $0 | |
Charles Jung Exec Committee Member | 0.1 | $0 | |
Dorothy Jung Exec Committee Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $424 |
| Dividends & Interest | $16,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,379 |
| Capital Gain Net Income | $6,379 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $249 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,230 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $18,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,181 |
| 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 | $471,936 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $595,117 |
| 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, Jung Family Foundation has awarded $35,601 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SINGLE MOM MINISTRIES PURPOSE: DEFRAY OPERATING EXPENSES | $4,450 |
WAYLAND ACADEMY PURPOSE: DEFRAY OPERATING EXPENSES | $17,800 |
SOJOURN CHURCH PURPOSE: DEFRAY OPERATING EXPENSES | $4,450 |
HIMALAYAN CATARACT PROJECT PURPOSE: DEFRAY OPERATING EXPENSES | $2,967 |
ONE GOAL PURPOSE: DEFRAY OPERATING EXPENSES | $2,967 |
CAMFED USA PURPOSE: DEFRAY OPERATING EXPENSES | $2,967 |