The Spectrum Of Hope Foundation
- Assets
- $850.5k
- Revenue
- -$28.8k
- Investments
- $817.9k
- Employees
- 0
- Location
- Fullerton, CA
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 45-0558149
Organization Overview
The Spectrum Of Hope Foundation is located in Fullerton, CA. The organization was established in 2008. 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. Spectrum Of Hope Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecilia Chang Secretary | 40 | $25,957 | |
Jospeh H Chang President | 1 | $0 | |
Kathleen Lee Director | 1 | $0 | |
Thomas Chun Director | 1 | $0 | |
Soo Lee Director | 0 | $0 | |
Diana Park Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,065 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$92,368 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$28,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,957 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,073 |
| Total operating and administrative expenses | $77,338 |
| Contributions, gifts, grants paid | $5,200 |
| Total expenses and disbursements | $82,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,386 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,424 |
| 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 | $44,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,788 |
| Total assets | $850,515 |
| Accounts payable and accrued expenses | $5,163 |
| 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 | $5,163 |
Grants Awarded
Over the last fiscal year, The Spectrum Of Hope Foundation has awarded $5,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BEING BUILT TOGETHER PURPOSE: CHARITABLE | $1,000 |
MIN HYN LEE PURPOSE: SUPPORT | $1,000 |
CODE THE SPECTRUM PURPOSE: CHARITABLE | $1,000 |
DOSAN MEMORIAL PURPOSE: CHARITABLE | $2,000 |