KHMER FOUNDATION FOR NATIONAL UNITY AND DEVELOPMENT CORP

EIN: 371857498 501(c)(3)

HAMPTON, MN

Total Revenue
$56,070
Total Expenses
$51,774
Total Assets
$6,405
Net Assets
$6,405
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MN
Principal Officer
Sang Moeng
Phone
6127722781
Tax Period
2022-01-01 to 2022-12-31

KHMER FOUNDATION FOR NATIONAL UNITY AND DEVELOPMENT CORP, founded in 2022, is a micro nonprofit that reported $56K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $52K left a modest 8% surplus.

Mission

The foundation is organized exclusively for charitable religious educational and scientific purposes including the making of distribution to organization that qualify as exempt organization under section 501c3 of the Internal Revenue code. The specific purpose of the foundation shall be to collect and raise the money for charitable purposes. It is a nonprofit organization to provide education capacity building to improve lives to help accelerate economic and social changes through education.

Program Service Accomplishments

Program 1
Expenses: $51,774 Revenue: $58,179

In 2019 Khmer Foundation For National Unity and Development had received total income of $108,248.71 and had total expenses of $102,788.75 to build a Library and Training and Technology Center at...

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In 2019 Khmer Foundation For National Unity and Development had received total income of $108,248.71 and had total expenses of $102,788.75 to build a Library and Training and Technology Center at Prey Melong Buddhist Temple in Prey Khlar commune Kos Andeth District Takeo Province Cambodia. The Library and Training and Technology Center was built and completed in March 2021. n 2022 Khmer Foundation For National Unity and Development had received total income of $58,179.96 and had total expenses of $51,774.93. Khmer Foundation For National Unity and Development had conducted an inauguration ceremony to officially open and allow to be used on November 18 and 19 2022. The Library plays an essential role in local communities and students of nearby school by providing access to information and resources supporting literacy and education promoting lifelong learning and serving as a community gathering space. Khmer Foundation For National Unity and Development had donated five computers to the library and school supplies to poor students to nearby schools.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $56,070
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $56,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,774
Other Expenses $51,774
TOTAL EXPENSES $51,774

Year-over-Year Comparison

2022 2021 Change
Revenue $56,070 $70,109 -0.2%
Expenses $51,774 $68,000 -0.2%
Net Income $4,296 $2,109 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Moeng Sang Board Chair 2.00
Officer
$0 $0 $0
YANAT CHHIT BOAD OF DIRECTOR 2.00
Officer
$0 $0 $0
EANG T SRUN BOAD OF DIRECTOR 2.00
Officer
$0 $0 $0
LYDA S MORGAN BOAD OF DIRECTOR 2.00
Officer
$0 $0 $0
VICHET CHUM BOAD OF DIRECTOR 2.00
Officer
$0 $0 $0
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
2022 $56,070 $51,774 $6,405 $4,296
2021 $63,144 $68,000 $2,109 $-4,856
2020 $223,106 $218,404 $6,965 $4,702
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