Nonprofit · EIN 33-2051300
IM SUNGJAE FOUNDATION INC
Tax-exempt · PONTE VEDRA, FL 32082
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,050,000 | $0 | $1,050,000 | $1,050,000 | $0 | $1,050,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,050,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $1,050,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,050,000
- Net assets without donor restrictions
- $1,050,000
- Gross receipts
- $1,050,000
- Employees
- 0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUNGJAE IM | PRESIDENT Officer | – | $0 |
| JIYUN KIM | SECRETARY Officer | – | $0 |
| MI KIM | CEO Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 78 PLAYERS CLUB VILLAS RD, PONTE VEDRA, FL 32082-3117
- Principal officer (990 for 2024)
- SUNGJAE IM, 78 PLAYERS CLUB VILLA ROAD, PONTE VEDRA BEACH, FL 32082
- Signed the 990
- SUNGJAE IM, PRESIDENT
- Phone
- (213) 389-0080
- Return prepared by
- MOUNTAIN LLP
Mission
THE PURPOSE OF THE FOUNDATION IS TO CONTRIBUTE TO COMMUNITY DEVELOPMENT BY SUPPORTING A RANGE OF CHARITABLE INITIATIVES, WITH A PARTICULAR FOCUS ON YOUTH DEVELOPMENT, EDUCATION, AND THE PROMOTION OF SPORTS.
Program accomplishments
- THE PURPOSE OF THE FOUNDATION IS TO CONTRIBUTE TO COMMUNITY DEVELOPMENT BY SUPPORTING A RANGE OF CHARITABLE INITIATIVES, WITH A PARTICULAR FOCUS ON YOUTH DEVELOPMENT, EDUCATION, AND THE PROMOTION OF SPORTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 33-2051300
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $1,050,000
- Income (IRS master file)
- $1,050,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,050,000 | $0 | $1,050,000 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-2051300).
Questions about IM SUNGJAE FOUNDATION INC
- What is the EIN of IM SUNGJAE FOUNDATION INC?
- The employer identification number (EIN) of IM SUNGJAE FOUNDATION INC is 33-2051300.
- Is IM SUNGJAE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to IM SUNGJAE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IM SUNGJAE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IM SUNGJAE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IM SUNGJAE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IM SUNGJAE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SUNGJAE IM.
- Who are the officers and directors of IM SUNGJAE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does IM SUNGJAE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,050,000, expenses of $0 and total assets of $1,050,000 at year end.
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