New Life Foundation International Inc
- Assets
- $26.8k
- Revenue
- $365.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fullerton, CA
- Founding
- 03/2019
- Data as of
- 12/2020
- EIN
- 47-1281905
Organization Overview
New Life Foundation International Inc is located in Fullerton, CA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. New Life Foundation International 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 12/2020, New Life Foundation International Inc generated $365.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 74.4% each year . All expenses for the organization totaled $379.0k during the year ending 12/2020. While expenses have increased by 26.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, New Life Foundation International Inc has awarded 16 individual grants totaling $707,932. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS (1) TO PROVIDE OPPORTUNITIES FOR EDUCATION TO UNDERDEVELOPED, UNREACHED CHILDREN AROUND THE WORLD, (2) TO PROVIDE MEDICINES AND MEDICAL SERVICE TO THE PEOPLE UNMET MEDICAL CARES, AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LIFE FOUNDATION INTERNATIONAL INC (NLFI) WAS FOUNDED TO HELP PEOPLE TO GET EDUCATED, RECEIVE MEDICAL HELP, AND IMPROVE THE QUALITY OF THEIR LIVES IN THE UNDERDEVELOPED AREA. THE ORGANIZATION DOES EDUCATIONAL SUPPORT, MEDICAL SUPPORT, COMMUNITY SUPPORT TO ACCOMPLISH THIS PURPOSE.
NEW LIFE FOUNDATION INTERNATIONAL INC (NLFI) WAS FOUNDED TO HELP PEOPLE TO GET EDUCATED, RECEIVE MEDICAL HELP, AND IMPROVE THE QUALITY OF THEIR LIVES IN THE UNDERDEVELOPED AREA. THE ORGANIZATION DOES EDUCATIONAL SUPPORT, MEDICAL SUPPORT, COMMUNITY SUPPORT TO ACCOMPLISH THIS PURPOSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hyun Ho Chung CEO | OfficerTrustee | 30 | $0 |
Byunghoon Chung Secretary | OfficerTrustee | 2 | $0 |
Inseon Chung CFO | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,800 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $322,366 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $41,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,575 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $405 |
| Total functional expenses | $379,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,782 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $816,102 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $816,102 |
| Net assets without donor restrictions | -$789,320 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,782 |
Grants Awarded
Over the last fiscal year, New Life Foundation International Inc has awarded $615,732 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
La Mirada, CA PURPOSE: SCHOOL SUPPORT | $200,000 |
La Mirada, CA PURPOSE: SCHOOL SUPPORT | $200,000 |
Anaheim, CA PURPOSE: COMMUNITY SUPPORT | $68,866 |
Anaheim, CA PURPOSE: COMMUNITY SUPPORT | $68,866 |
Elicott City, MD PURPOSE: COMMUNITY SUPPORT | $22,000 |
Elicott City, MD PURPOSE: COMMUNITY SUPPORT | $22,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |