Jsim Hope Foundation
- Assets
- $283.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 83-0696720
Organization Overview
Jsim Hope Foundation is located in Mercer Island, WA. The organization was established in 2018. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jsim 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.
For the year ending 12/2022, Jsim Hope Foundation generated $98.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $52.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
JSIM HOPE FOUNDATION PROVIDES FUNDING TO JSIM CHIKANTA SECONDARY SCHOOL FOR EDUCATION EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Sim Chair | 1 | $0 | |
Su Jin Kim Vice Chair | 0.5 | $0 | |
James Chae Treasurer | 0.3 | $0 | |
John Parks Secretary | 0.2 | $0 | |
Dan Gutwein Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,492 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,512 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,293 |
| Total expenses | $52,668 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $282,986 |
| Other assets | $0 |
| Total assets | $282,986 |
| Total liabilities | $0 |
| Net assets or fund balances | $282,986 |