Yonsei Sarang Foundation in Cerritos, California (CA)
| Yonsei Sarang Foundation |
| Employer Identification Number (EIN) | 271846817 |
| Name of Organization | Yonsei Sarang Foundation |
| In Care of Name | Alexander Choi |
| Address | 12350 Reva St, Cerritos, CA 90703-8309 |
| Subsection | Educational Organization |
| Ruling Date | 08/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $67,581 |
| Amount of Income | $26,400 |
| Form 990 Revenue Amount | $26,400 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Amount of income in 2013: $26,400 (it was $44,750 in 2012)
| Yonsei Sarang Foundation: | $26,400 |
| Other organizations performing similar types of work: | $90,441 |
Assets in 2013: $67,581 (it was $91,187 in 2012)
| This organization: | $67,581 |
| Other organizations performing similar types of work: | $177,964 |
Expenses in 2013: $50,006
| Yonsei Sarang Foundation: | $50,006 |
| Other organizations performing similar types of work: | $54,420 |
Income to expenses ratio in 2013: 0.5
| Yonsei Sarang Foundation: | 0.5 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 37.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2011 | 2012 | 2013 |
|---|
| Total revenue | $145,500 | $44,750 | $26,400 |
| Contributions, gifts, grants, and similar amounts received | $145,500 | $44,750 | $26,400 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $0 | $100,563 | $50,006 |
| Total net assets | $147,000 | $91,187 | $67,581 |
| Excess/Deficit for the year | $145,500 | $-55,813 | $-23,606 |
| Net assets or fund balances at beginning of year | $1,500 | $147,000 | $91,187 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | | $91,187 | $67,581 |
| Balance Sheets |
| 2011 | 2012 | 2013 |
|---|
| Total assets | $147,000 | $91,187 | $67,581 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $147,000 | $91,187 | $67,581 |
| Reason for Public Charity Status (for 2013) |
| The organization is not a private foundation because it is: | A community trust described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) |
| 2009 - 2013 Total |
|---|
| Public Support | $218,150 |
| Subtotal Support | $218,150 |
| Gifts, grants, contributions, and membership fees received | $218,150 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $218,150 |
| Public Support | $218,150 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | Rodney A Mccarty Memorial Fund | 4315 Skywalker Dr, Somis, CA 93066-9640 | CA | 2003-06 | $134,402 |
| 2 | Illinois Association Of Student Financial Aid Administrators Inc | 1600 E Golf Rd, Des Plaines, IL 60016-1234 | IL | 2003-10 | $117,580 |
| 3 | Supportability | 3773 University Dr Apt 116, Irvine, CA 92612-4668 | CA | 2002-01 | $90,441 |
| 4 | Builders Association Of Greater Chicago Scholarship Foundation Inc | 8430 W Bryn Mawr Ave, Chicago, IL 60631-3473 | IL | 2003-03 | $79,192 |
| 5 | Yonsei Sarang Foundation | 12350 Reva St, Cerritos, CA 90703-8309 | CA | 2010-08 | $26,400 |
| 6 | Advancing Children In Education Inc, Ace | 1114 Court St, Faulkton, SD 57438 | SD | 2009-08 | $11,283 |
| 7 | Changing Inequality | 22905 41st Ave Se, Bothell, WA 98021 | WA | 2010-01 | $0 |
| 8 | Ena Needys Foundation | 2501 Nw 1st Street, Boynton Beach, FL 33435 | FL | 2003-01 | $0 |
| 9 | The Joseph And Julia@miglin 2008 Charitable Trust, Julia M Miglin Ttee | 9 Washington Pl, Sharon, MA 02067 | MA | 2009-07 | $0 |
| Number of organizations performing similar types of work |
| California | 3 |
| Florida | 1 |
| Illinois | 2 |
| | Massachusetts | 1 |
| South Dakota | 1 |
| Washington | 1 |
|
| Total | 9 |
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