THE PHILIP JAISOHN MEMORIAL FOUNDATION

EIN: 231978566 501(c)(3)

NORTH WALES, PA

Total Revenue
$9,885,684
Total Expenses
$2,748,759
Total Assets
$14,441,774
Net Assets
$14,229,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
PA
Principal Officer
JUNG S CHOE
Phone
2158660104
Tax Period
2024-01-01 to 2024-12-31

THE PHILIP JAISOHN MEMORIAL FOUNDATION, founded in 1975, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 72% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO PROMOTE AND FULFILL DR. PHILIP JAISOHN'S IDEALS OF HUMANITY THROUGH MEDICAL, SOCIAL, EDUCATIONAL AND CULTURAL SERVICES FOR THE ENHANCEMENT OF THE QUALITY OF THE LIFE IN THE COMMUNITIES PARTICULARLY THOSE OF ASIAN AMERICANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,811,934
Program Service Revenue $1,579,665
Investment Income $255,980
Other Revenue $238,105
TOTAL REVENUE $9,885,684

Expense Breakdown

Grants Paid $46,000
Salaries & Benefits $1,172,272
Fundraising Expenses $80,719
Program Expenses $2,075,318
Other Expenses $1,530,487
TOTAL EXPENSES $2,748,759

Year-over-Year Comparison

2024 2023 Change
Revenue $9,885,684 $3,471,299 +1.8%
Expenses $2,748,759 $2,929,554 -0.1%
Net Income $7,136,925 $541,745 +12.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
36
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$255,533
Total Directors
17
$151,490
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUNG S CHOE PRESIDENT 50.00
Officer Director
$151,490 $0 $151,490
JONGMOO JAY CHOI BOARD MEMBER 1.00
Director
$0 $0 $0
YOUNG II CHO BOARD MEMBER 1.00
Director
$0 $0 $0
HACK RYANG CHUNG BOARD MEMBER 1.00
Director
$0 $0 $0
CHONG TAE KIM BOARD MEMBER 1.00
Director
$0 $0 $0
BONG SIK LEE BOARD MEMBER 1.00
Director
$0 $0 $0
MANUAL M LEE BOARD MEMBER 1.00
Director
$0 $0 $0
UN HWANG LEE BOARD MEMBER 1.00
Director
$0 $0 $0
HENRY SUNG KYU OH BOARD MEMBER 1.00
Director
$0 $0 $0
SEIWOONG OH BOARD MEMBER 1.00
Director
$0 $0 $0
JIN PARK BOARD MEMBER 1.00
Director
$0 $0 $0
JIN TWILLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY YOO BOARD MEMBER 1.00
Director
$0 $0 $0
SUK-CHUNG YOON BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN C LEE CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
J MIA KIM TREASURER 1.00
Officer Director
$0 $0 $0
JOHN HAN SECRETARY 1.00
Officer Director
$0 $0 $0
GRACE KIM CFO 40.00
Officer
$104,043 $0 $104,043
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $9,885,684 $2,748,759 $14,441,774 $7,136,925
2023 $3,471,299 $2,929,554 $7,007,934 $541,745
2022 $2,846,965 $2,421,574 $6,450,858 $425,391
2021 $2,857,016 $2,359,601 $6,419,212 $497,415
2020 $2,946,227 $2,220,037 $5,742,890 $726,190
2019 $3,103,409 $2,326,523 $4,795,259 $776,886
2018 $2,173,054 $2,015,986 $3,781,433 $157,068
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