Overview
What is Kwon's Foundation Inc?
Kwon's Foundation Inc, based in Englewood, New Jersey, is a nonprofit organization with a mission to contribute to various causes. Their primary focus is on making distributions to qualified exempt organizations, providing support for senior citizens and individuals with disabilities within the community, and granting scholarships to deserving students. By offering financial aid and resources to these groups, Kwon's Foundation Inc aims to contribute positively to its local community and beyond.
Is Kwon's Foundation Inc legitimate?
Kwon's Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kwon's 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Kwon's Foundation Inc?
Kwon's Foundation Inc's mission is centered around making contributions to qualified exempt organizations, providing support to community senior citizens and individuals with disabilities, and awarding scholarships to deserving students. The foundation's activities primarily involve distributing funds to organizations that meet the criteria of exempt organizations. Moreover, the foundation shows its commitment to community welfare by offering assistance to senior citizens and individuals with disabilities. Additionally, it recognizes the importance of education by awarding scholarships to deserving students.
Who is the CEO of Kwon's Foundation Inc?
Joong Gab Kwon is the Trustee Memb of Kwon's Foundation Inc.
What is the revenue of Kwon's Foundation Inc?
Kwon's Foundation Inc's revenue in 2022 was $448,000.
Who are the executives of Kwon's Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Kwon's Foundation Inc?
Kwon's Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kwon's Foundation Inc
Kwon's Foundation Inc, as stated in its mission, is dedicated to distributing funds to eligible exempt organizations. Beyond this, the foundation also focuses on providing support for senior citizens and individuals with disabilities within the community. Furthermore, Kwon's Foundation Inc extends its mission by awarding scholarships to deserving students. By doing so, the foundation contributes to various sectors of society, demonstrating its commitment to fostering growth and well-being in multiple communities. The organization makes distributions to qualified exempt organizations, making a significant impact on the causes they support.
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Impact
October, 2024
Kwon's Foundation Inc. significantly impacts the community by making distributions to various qualified exempt organizations, thereby strengthening local initiatives and services. In particular, it focuses on supporting senior citizens and disabled individuals, ensuring they receive the assistance and resources they need to thrive. Additionally, the foundation fosters educational advancement by awarding scholarships to students, opening doors for their academic and professional futures. Based in Englewood, NJ, Kwon's Foundation embodies a commitment to philanthropy, enhancing the quality of life for vulnerable populations while promoting educational opportunities for the younger generation.
This information is meant to be a general summary of Kwon's 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $448,000
Assets and Liabilities:
- Total Assets: $1,104,696
- Total Liabilities: $0
- Net Assets: $1,104,696
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Organization Details
Founding Year
2012
Phone
(201) 567-7780Principal Officer
Joong Gab Kwon
Main Address
360 S VAN BRUNT ST, ENGLEWOOD, NJ, 07631
NTEE Category
Code: T30 - Philanthropy
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