Choson Foundation Tr
- Assets
- $5.4m
- Revenue
- $719.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Peachtree Corners, GA
- Founding
- 03/2003
- Data as of
- 12/2021
- 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 12/2021, Choson Foundation Tr generated $719.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $144.7k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 4 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 2020, Choson Foundation Tr has awarded 14 individual grants totaling $433,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
CHURCH MISSIONS
GRANTS TO INDIVIDUALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $16,448 |
| Dividends & Interest | $102,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,735 |
| Capital Gain Net Income | $6,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,001 |
| Total Revenue | $719,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,220 |
| Depreciation | $3,959 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,514 |
| Total operating and administrative expenses | $38,223 |
| Contributions, gifts, grants paid | $106,500 |
| Total expenses and disbursements | $144,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,991 |
| Savings and temporary cash investments | $1,054,351 |
| 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 | $9,516 |
| Other assets | $0 |
| Total assets | $5,441,626 |
| 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 $106,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLASHIP AWARD PURPOSE: EDUCATIONAL SCHOLARSHIP FUNDING | $85,000 |
PERU MISSION PURPOSE: MISSION SUPPORT | $10,000 |
THE HUDGENS CENTER FOR ART LEARN PURPOSE: CHARITABLE CONTRIBUTIONS | $6,000 |
KENYA MISSION PURPOSE: MISSION SUPPORT | $3,000 |
JIWON KIM PURPOSE: HUMANITARIAN RELIEF | $1,500 |
KOREAN-VIETNAM VETERANS ASSOICATION PURPOSE: VETERANS SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |