Ronnie Park Foundation
- Assets
- $2.5m
- Revenue
- $205.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 41-2262932
Organization Overview
Ronnie Park Foundation is located in Las Vegas, NV. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronnie Park 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, Ronnie Park Foundation generated $205.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $125.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ronnie Park Foundation has awarded 44 individual grants totaling $329,573. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTION BENEFICIARY; JESUS FAMILY PRESBYTERIAN CHURCH
CHARITABLE CONTRIBUTION BENEFICIARY; YOUTH VOLUNTEERS ORGANIZATION
CHARITABLE CONTRIBUTION BENEFICIARY; WESTERN KENDO FEDERATION
CHARITABLE CONTRIBUTION BENEFICIARY; SPRING WATER CHURCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Seok Park President | 2 | $0 | |
Yong Ran Park Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,200 |
| Dividends & Interest | $10,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $38,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $193,197 |
| Total Revenue | $205,188 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,550 |
| Printing and publications | $0 |
| Other expenses | $64,534 |
| Total operating and administrative expenses | $85,284 |
| Contributions, gifts, grants paid | $40,500 |
| Total expenses and disbursements | $125,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $106,277 |
| 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 | $2,427,172 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,533,449 |
| 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, Ronnie Park Foundation has awarded $40,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ISAAC MINHYU BAE PURPOSE: SCHOLARSHIP | $1,000 |
YOUTH VOLUNTEERS ORGANIZATION PURPOSE: CHARITABLECONTRIBUTION | $10,000 |
LAUREN LEE PURPOSE: SCHOLARSHIP | $1,000 |
ISAAC PAIK PURPOSE: CHARITABLECONTRIBUTION | $1,000 |
JESUS FAMILY PRESBYTERIAN CHURCH PURPOSE: CHARITABLECONTRIBUTION | $1,000 |
NATHAN NAM PURPOSE: CHARITABLECONTRIBUTION | $1,000 |