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.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$135K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $10K a year · 2% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$135K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$72K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$565K
+131% vs prior year
Spent
$583K
To programs
81%
Net assets
$52K
By yearFY2023–FY2024
Revenue
$565K
FY2024▲ +131%
Tap a bar for its year
Revenue by fiscal year
FY2023$245K
FY2024$565K
Expenses
$583K
FY2024▲ +181%
Tap a bar for its year
Expenses by fiscal year
FY2023$207K
FY2024$583K
Net assets
$52K
FY2024▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2023$71K
FY2024$52K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $474K Management & general 15% · $89K Fundraising 3% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $135K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$135,338Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Eun Hye Jeong’s $135K as President is at the 96th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps vulnerable neighbors by providing support and fostering a world of shared giving and receiving.

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Provided by the organization

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1 program · $474K · in their own filed words · FY2024
01

1.US domestic programs supporting single mothers in the U.S: our single mothers support initiative provides monthly essentials and celebrates meaningful moments with single mothers through gift drives, shared meals, worship gatherings, and personal encouragement.

$474Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$565K
Ln 12
Gifts and grantsLn 1h$565K
Money outPt IX
$583K
Ln 25
Programscol B$474K
Managementcol C$89K
Fundraisingcol D$20K
Owns and owesPt X
$52K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$124K
LiabilitiesLn 26$72K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$565K
Noncash giftsLn 1g$110K
Total revenueLn 12$565K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Other assetsLn 15$86K
Total assetsLn 16$124K
LiabilitiesLn 26$72K
Net assetsLn 32$52K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$54K$38K
Total assetsLn 16$194K$124K
LiabilitiesLn 26$123K$72K
Net assetsLn 32$71K$52K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$67K$67K
Pay of current officers, directors and key staffLn 5$135K$108K$14K$14K
Other salaries and wagesLn 7$112K$69K$43K
Other employee benefitsLn 9$18K$11K$6K$882
Payroll taxesLn 10$20K$14K$5K$1K
Management feesLn 11a$44$22$22
Legal feesLn 11b$19K$15K$2K$2K
Accounting feesLn 11c$17K$13K$3K
Office expensesLn 13$8K$5K$1K$2K
OccupancyLn 16$62K$50K$12K
TravelLn 17$401$401
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$121K$120K$338
All other expensesLn 24e$115$55$25$35
Total functional expensesLn 25$583K$474K$89K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $565K$583K−$18K$52K 990 PDF
FY2023 $245K$207K$38K$71K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $564,860 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $244,901$564,860
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $244,901$564,860
I-13 Grants and similar amounts paidPrior year $52,250$66,750
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $56,511$285,260
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $98,409$231,125
I-18 Total expensesPrior year $207,170$583,135
I-19 Revenue less expensesPrior year $37,731−$18,275
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $564,860 across 5 lines filed
VIII-1d Related organizations$414,857
VIII-1f All other contributions, gifts and grants$150,003
VIII-1g Noncash contributions (included above)$109,811
VIII-1h Total contributions, gifts and grants$564,860
VIII-12 Total revenue$564,860
Part IX · Statement of functional expenses $583,135 across 14 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $66,750$66,750
IX-5 Pay of current officers, directors and key staffPrograms $108,270 · Management $13,534 · Fundraising $13,534$135,338
IX-7 Other salaries and wagesPrograms $69,012 · Management $43,200$112,212
IX-9 Other employee benefitsPrograms $10,586 · Management $6,175 · Fundraising $882$17,643
IX-10 Payroll taxesPrograms $13,845 · Management $4,768 · Fundraising $1,454$20,067
IX-11a Management feesPrograms $22 · Management $22$44
IX-11b Legal feesPrograms $15,076 · Management $1,922 · Fundraising $1,847$18,845
IX-11c Accounting feesPrograms $13,280 · Management $3,320$16,600
IX-13 Office expensesPrograms $4,827 · Management $1,217 · Fundraising $2,413$8,457
IX-16 OccupancyPrograms $49,851 · Management $12,463$62,314
IX-17 TravelPrograms $401$401
IX-23 InsurancePrograms $1,645 · Management $2,072$3,717
IX-24 Other expenses (24a–d)Programs $120,294 · Management $338$120,632
IX-24e All other expensesPrograms $55 · Management $25 · Fundraising $35$115
IX-25 Total functional expensesPrograms $473,914 · Management $89,056 · Fundraising $20,165$583,135
Part X · Balance sheet $123,982 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $54,304$38,248
X-15 Other assetsStart of year $139,824$85,734
X-16 Total assetsStart of year $194,128$123,982
X-17 Accounts payable and accrued expensesStart of year $2,649$4,191
X-25 Other liabilitiesStart of year $120,838$67,425
X-26 Total liabilitiesStart of year $123,487$71,616
X-27 Net assets without donor restrictionsStart of year $70,641$49,689
X-28 Net assets with donor restrictions$2,677
X-32 Total net assets or fund balancesStart of year $70,641$52,366
X-33 Total liabilities and net assetsStart of year $194,128$123,982
Part XI · Reconciliation of net assets $52,366 net assets at year end
XI-1 Total revenue$564,860
XI-2 Total expenses$583,135
XI-3 Revenue less expenses−$18,275
XI-4 Net assets at start of year$70,641
XI-10 Net assets at end of year$52,366

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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