Overview
What is Okjoo Foundation?
The Okjoo Foundation is a nonprofit organization located in Las Vegas, Nevada. Its primary focus is to provide financial aid to other charitable organizations that have been recognized as tax-exempt under Internal Revenue Code Section 501(C)(3). The foundation extends its support to various charitable activities, without limiting its grants to a specific organization or group. The Okjoo Foundation's mission aligns with the purpose of aiding federal exempt organizations, fostering national or international amateur sports competitions, and preventing cruelty to children or animals, as defined within Section 501(C)(3) of the Internal Revenue Code or its future federal tax code counterpart. As of the provided information, the foundation employs a small team of just two individuals.
Official website here: www.okjoofoundation.org
Is Okjoo Foundation legitimate?
Okjoo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Okjoo Foundation 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: $97,500
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Official website here: www.okjoofoundation.org
What is the mission statement of Okjoo Foundation?
The Okjoo Foundation's mission is to support federal exempt organizations that operate for charitable, religious, scientific, educational, or public safety purposes. This includes fostering national or international amateur sports competitions and preventing cruelty to children or animals, as defined by Section 501(C)(3) of the Internal Revenue Code or its corresponding section in any future federal tax code. In essence, the Okjoo Foundation aids organizations dedicated to bettering societal aspects, promoting sports, and protecting the welfare of children and animals.
Official website here: www.okjoofoundation.org
Who is the CEO of Okjoo Foundation?
Seung Jae Lee is the President of Okjoo Foundation.
Official website here: www.okjoofoundation.org
What is the revenue of Okjoo Foundation?
Okjoo Foundation's revenue in 2022 was -$167,980.
Official website here: www.okjoofoundation.org
Who are the executives of Okjoo Foundation and what are their salaries?
The average compensation at Okjoo Foundation during 2022 was $48,750. There are 2 employees at Okjoo Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.okjoofoundation.org
Where can I find the form 990 for Okjoo Foundation?
Okjoo Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.okjoofoundation.org
Learn more at the official website: www.okjoofoundation.org
Mission Statement of Okjoo Foundation
The Okjoo Foundation is dedicated to assisting federal exempt organizations that serve charitable, religious, scientific, educational, or literary purposes. This nonprofit organization also supports those that focus on public safety testing, fostering national or international amateur sports competitions, and preventing cruelty to children or animals, as defined by Section 501(C)(3) of the Internal Revenue Code or its corresponding section in any future federal tax code. In essence, the Okjoo Foundation aims to aid these organizations in their noble missions, contributing to various sectors such as charitable work, religion, science, education, sports, and animal welfare.
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Impact
October, 2024
The Okjoo Foundation significantly contributes to various sectors by providing financial support to organizations that operate under Section 501(C)(3) of the Internal Revenue Code. By offering grants to recognized charitable organizations, it enhances educational, religious, scientific, and safety-related initiatives. Its efforts also extend to promoting national and international amateur sports, as well as preventing cruelty to children and animals. This multi-faceted approach not only strengthens the capacity of these organizations but also fosters a culture of philanthropy within the community. The foundation's impact is far-reaching, as it addresses diverse needs and fosters collaboration among various charitable entities in Las Vegas and beyond.
This information is meant to be a general summary of Okjoo Foundation. 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.
- Investment Income: -$167,980
- Gross Receipts: $2,454,497
Assets and Liabilities:
- Total Assets: $7,793,424
- Total Liabilities: $2,345
- Net Assets: $7,791,079
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Organization Details
Founding Year
2018
Principal Officer
Seung Jae Lee
Main Address
4471 DEAN MARTIN DRIVE 1502, LAS VEGAS, NV, 89103
Website
www.okjoofoundation.orgNTEE Category
Code: T20 - Philanthropy
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