Chung And Soon Pak Family Foundation
- Assets
- $194.8k
- Revenue
- $4.3k
- Investments
- $153.1k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4293055
Organization Overview
Chung And Soon Pak Family Foundation is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Chung And Soon Pak Family 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 12/2022, Chung And Soon Pak Family Foundation generated $4.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.7%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soon Pak President & CEO | 4 | $0 | |
Chung H Pak Secretary | 4 | $0 | |
Kyong J Pak Director | 1 | $0 | |
Nancy K Pak Director | 1 | $0 | |
Joanne K Pak Director | 0 | $0 | |
Jessica K Pak Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119 |
| Dividends & Interest | $4,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,338 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $2,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,757 |
| Savings and temporary cash investments | $0 |
| 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 | $153,064 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $194,821 |
| 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, Chung And Soon Pak Family Foundation has awarded $39,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KOREAN AMERICAN FAMILY SERVICES PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $5,000 |
TADS PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $34,100 |