Choson Foundation Tr
- Assets
- $6.3m
- Revenue
- $840.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Peachtree Corners, GA
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 58-6456333
Organization Overview
Choson Foundation Tr is located in Peachtree Corners, GA. The organization was established in 2003. 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. Choson Foundation Tr 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, Choson Foundation Tr generated $840.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $134.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Choson Foundation Tr has awarded 27 individual grants totaling $578,100. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
SCHOLARSHIPS
CHURCH MISSIONS
GRANTS TO INDIVIDUALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $39,047 |
| Dividends & Interest | $143,737 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,332 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,230 |
| Total Revenue | $840,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,591 |
| Depreciation | $2,065 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,548 |
| Printing and publications | $51 |
| Other expenses | $17,446 |
| Total operating and administrative expenses | $29,401 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $134,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,139,662 |
| Savings and temporary cash investments | $1,191,253 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,491 |
| Other assets | $0 |
| Total assets | $6,261,149 |
| 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, Choson Foundation Tr has awarded $80,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW NGO PURPOSE: HUMANITARIAN RELIEF | $7,000 |
BONG CHOI PURPOSE: HUMANITARIAN RELIEF | $1,000 |
THE HUDGENS CENTER FOR ART LEARN PURPOSE: CHARITABLE CONTRIBUTIONS | $6,000 |
SOUTH KOREA MISSION PURPOSE: MISSION SUPPORT | $10,000 |
IRIS CHO PURPOSE: HUMANITARIAN RELIEF | $20,000 |
JOSEPH KIM PURPOSE: HUMANITARIAN RELIEF | $500 |