GFOUNDATION

EIN: 371996506 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$244,901
Total Expenses
$207,170
Total Assets
$194,128
Net Assets
$70,641
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
EUNHYE JEONG
Phone
2015784188
Tax Period
2023-01-01 to 2023-12-31

GFOUNDATION, founded in 2021, is a small nonprofit in the Human Services sector that reported $245K in total revenue in fiscal year 2023. Revenue surged 452% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 15% operating margin.

Mission

GFOUNDATION REACHES OUT TO NEIGHBORS WHO ARE VULNERABLE AND OVERLOOKED WITH A VISION TO CREATE A WORLD WHERE THERE IS NO DISTICTION BETWEEN THOSE WHO GIVE AND THOSE WHO RECEIVE HELP.

Program Service Accomplishments

Program 1
Expenses: $160,350

PROGRAM: HUMANITARIAN ASSISTANCE PROGRAM ACCOMPLISHMENT: GFOUNDATION WORKS FOR PEOPLE IN NEED AROUND THE WORLD. BY ADDRESSING THE HYGIENE, HEALTH, AND EDUCATIONAL CONCERNS IN COUNTRIES AROUND THE...

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PROGRAM: HUMANITARIAN ASSISTANCE PROGRAM ACCOMPLISHMENT: GFOUNDATION WORKS FOR PEOPLE IN NEED AROUND THE WORLD. BY ADDRESSING THE HYGIENE, HEALTH, AND EDUCATIONAL CONCERNS IN COUNTRIES AROUND THE WORLD, WE HELP THEM BUILD A BETTER FUTURE FOR THEMSELVES. WHEN DISASTERS STRIKE, WE ARE ON THE GROUND TO HELP THE SURVIVORS RETURN TO THEIR NORMAL LIVES. GFOUNDATION RESPONDED TO THE 2023 EARTHQUAKES IN TURKEY AND MOROCCO AND FLOODING IN LIBYA BY PROVIDING ESSENTIAL SUPPORT TO SURVIVORS. IN TURKEY, GFOUNDATION DISTRIBUTED BASIC GOODS, FOOD, MEDICINE, AND WATER PURIFICATION FACILITIES TO THOSE AFFECTED, WORKING CLOSELY WITH LOCAL NGOS AND INTERNATIONAL RELIEF AGENCIES. IN MOROCCO, GFOUNDATION FOCUSED THEIR EFFORTS ON THE TOWNS OF TUBUKAL, RECARGA, AND AMIZMIZ, COLLABORATING WITH A LOCAL NGO TO PROVIDE NECESSARY RELIEF TO 300 AFFECTED FAMILIES. IN LIBYA, GFOUNDATION SUPPORTED 136 PEOPLE WITH INTERNATIONAL RELIEF AGENCIES. EMERGENCY MEDICAL SERVICES AND HYGIENE KITS WERE PROVIDED FOR THE AFFECTED LIBYANS. THROUGH THIS SUPPORT, WE AIMED TO ADDRESS THE LACK OF SURVIVAL NECESSITIES, MEDICAL SERVICES AND MEDICAL HUMAN RESOURCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $244,901
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $244,901

Expense Breakdown

Grants Paid $52,250
Salaries & Benefits $56,511
Fundraising Expenses $4,914
Program Expenses $160,350
Other Expenses $98,409
TOTAL EXPENSES $207,170

Year-over-Year Comparison

2023 2022 Change
Revenue $244,901 $44,361 +4.5%
Expenses $207,170 $11,451 +17.1%
Net Income $37,731 $32,910 +0.1%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
2
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOJIN BAE DIRECTOR 1.00
Officer Director
$0 $0 $0
CHUNGKWAN PARK DIRECTOR 1.00
Officer Director
$0 $0 $0
SOOIL PARK DIRECTOR 1.00
Director
$0 $0 $0
DAVID SHIN DIRECTOR 1.00
Officer Director
$0 $0 $0
EUNHYE JEONG PRESIDENT N/A
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
2024 No data No data No data No data
2023 $244,901 $207,170 $194,128 $37,731
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