Next Dot Foundation
- Assets
- $234.9k
- Revenue
- $53.1k
- Investments
- $149.8k
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2682034
Organization Overview
Next Dot Foundation is located in Long Beach, CA. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Next Dot 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 12/2023, Next Dot Foundation generated $53.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $13.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS AND OTHER HELP FOR UNDERPRIVILEGED STUDENTS AND CHILDREN.
TO PROVIDE FOOD SERVICES FOR PEOPLE IN LOW-INCOME COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sang Kwon Lee President | 8 | $0 | |
Jung Suk Lee Director | 8 | $0 | |
James H Lee Director | 1 | $0 | |
Jiho Lee Director | 1 | $0 | |
Gyoungjin Na Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $25 |
| Dividends & Interest | $406 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,654 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,375 |
| Total operating and administrative expenses | $3,426 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $13,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,141 |
| 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 | $149,764 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $234,906 |
| 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 | $6 |
| Total liabilities | $6 |
Grants Awarded
Over the last fiscal year, Next Dot Foundation has awarded $10,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DONATION | $1,000 |
SPECTRUM OF HOPE FOUNDATION PURPOSE: DONATION | $3,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: DONATION | $6,000 |