The Philip Jaisohn Memorial Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 231978566 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is The Philip Jaisohn Memorial Foundation Inc?

The Philip Jaisohn Memorial Foundation Inc, based in Philadelphia, Pennsylvania, is a dedicated nonprofit organization with a mission to uphold the humanitarian ideals of Dr. Philip Jaisohn. They accomplish this through various medical, social, educational, and cultural services, primarily benefiting Asian American communities to enhance their quality of life. The foundation's offerings include operating a medical clinic, providing health education and screenings, administering flu shots, and offering other essential medical services. With a team of 35 dedicated employees, the Philip Jaisohn Memorial Foundation Inc strives to improve the well-being of its community members.


Official website here: www.jaisohn.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Stars)

The Philip Jaisohn Memorial Foundation Inc has received a solid score of 88% from Charity Navigator, indicating a commendable level of accountability and financial health. The organization boasts a majority independent board with excellent governance scores, showcasing strong oversight practices. Additionally, it has successfully maintained a low liabilities to assets ratio and a high program expense ratio, suggesting that the foundation efficiently utilizes its resources for its mission-driven activities.

However, there are some areas for improvement noted in the evaluation. The foundation lacks a whistleblower policy and a document retention policy, which could pose risks regarding transparency and compliance. Furthermore, the absence of the tax form on the nonprofit's website is a missed opportunity for enhancing public trust and accessibility to financial information.

Overall, while The Philip Jaisohn Memorial Foundation Inc demonstrates robust financial management and governance, addressing the noted limitations would strengthen its role in fostering donor confidence and stakeholder engagement.


This AI summary has been generated from information found on Charity Navigator.

Is The Philip Jaisohn Memorial Foundation Inc legitimate?

The Philip Jaisohn Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Philip Jaisohn Memorial Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $227,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $760,011

For more financial information, click here


Official website here: www.jaisohn.org

What is the mission statement of The Philip Jaisohn Memorial Foundation Inc?

The Philip Jaisohn Memorial Foundation's mission is centered around promoting and upholding humanitarian ideals, as envisioned by Dr. Philip Jaisohn. This is achieved through providing medical, social, educational, and cultural services. The primary focus is on enhancing the quality of life in communities, with a special emphasis on those of Asian American descent. The foundation offers various medical services, including clinics, health education, screenings, flu shots, and other healthcare provisions. Its goal is to contribute to the betterment of communities, particularly those of Asian American background.


Official website here: www.jaisohn.org

Who is the CEO of The Philip Jaisohn Memorial Foundation Inc?

Jung S Choe is the President of The Philip Jaisohn Memorial Foundation Inc.


Official website here: www.jaisohn.org

What is the revenue of The Philip Jaisohn Memorial Foundation Inc?

The Philip Jaisohn Memorial Foundation Inc's revenue in 2022 was $2,846,965.


Official website here: www.jaisohn.org

Who are the executives of The Philip Jaisohn Memorial Foundation Inc and what are their salaries?

The average compensation at The Philip Jaisohn Memorial Foundation Inc during 2022 was $28,223. There are 35 employees and 50 volunteers at The Philip Jaisohn Memorial Foundation Inc.


Here are 24 key members and their salaries:


Jung S Choe (President)
  • Compensation: $134,003
  • Related: $0
  • Other: $0
Grace Kim (Cfo)
  • Compensation: $93,800
  • Related: $0
  • Other: $0
Young Il Cho (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jongmoo Jay Choi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Chong (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hack Ryang Chung (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Han (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bang Nam Jeon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chong Tae Kim (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mia Kim (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bong Sik Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian C Lee (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel M Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Un Hwang Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wooyoung Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Sung K Oh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seiwoong Oh (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jin Park (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joong Sik Jay Shin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jin Twilley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Whang (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mina Yi-Merizalde (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Yoo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suk-Chung Yoon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jaisohn.org

Where can I find the form 990 for The Philip Jaisohn Memorial Foundation Inc?

The Philip Jaisohn Memorial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jaisohn.org

Learn more at the official website: www.jaisohn.org

Mission Statement of The Philip Jaisohn Memorial Foundation Inc

The Philip Jaisohn Memorial Foundation Inc is dedicated to upholding and realizing Dr. Philip Jaisohn's ideals of humanity. This is achieved through the provision of medical, social, educational, and cultural services aimed at enhancing the quality of life in communities, with a particular focus on Asian Americans.

In line with this mission, the foundation offers various medical services to the community. These include operating a medical clinic, providing health education and screenings, administering flu shots, and offering other essential medical services. By doing so, The Philip Jaisohn Memorial Foundation Inc aims to contribute positively to the health and wellbeing of the communities it serves, particularly those of Asian American descent.

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Impact




October, 2024

The Philip Jaisohn Memorial Foundation Inc significantly enhances the quality of life in communities, particularly among Asian Americans, by promoting and fulfilling the ideals of humanity espoused by Dr. Philip Jaisohn. Through a comprehensive array of medical services, including a medical clinic, health education, screenings, and flu shots, the foundation addresses critical health needs and fosters community well-being. Additionally, the foundation engages in social, educational, and cultural programs, further contributing to a supportive environment that uplifts individuals and families. By focusing on both immediate health care and broader community support, the foundation plays a vital role in improving health outcomes and enriching the lives of those it serves in Philadelphia and beyond.




This information is meant to be a general summary of The Philip Jaisohn Memorial Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,846,965 (2022)
Expenses
$2,421,574 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $211,998
  • Program Service Revenue: $1,795,636
  • Gross Receipts: $3,158,236

Assets and Liabilities:

  • Total Assets: $6,450,858
  • Total Liabilities: $176,952
  • Net Assets: $6,273,906

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEDICAL SERVICES

Revenue

$1,727,441

HUMAN SERVICES AND ADVOCACY

Revenue

$68,195

Organization Details

Founding Year

1975

Principal Officer

Jung S Choe

Main Address

6705 OLD YORK ROAD, PHILADELPHIA, PA, 19126

NTEE Category

Code: P00 - Human services

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