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K J Choi Foundation

Tax-deductible

Westlake, TX501(c)(3)InternationalEIN 38-4065282

To contribute in the development of our underprivileged youth by providing them opportunities and educational experiences.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 5
filings with a surplus
Average surplus $115K a year · 28% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
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
$79K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$338K
-9% vs prior year
Spent
$311K
To programs
82%
Net assets
$716K
By yearFY2020–FY2024
Revenue
$338K
FY2024▼ -9%
Revenue by fiscal year
FY2020$833K
FY2021$258K
FY2022$280K
FY2023$373K
FY2024$338K
Expenses
$311K
FY2024▼ -20%
Expenses by fiscal year
FY2020$304K
FY2021$215K
FY2022$289K
FY2023$387K
FY2024$311K
Net assets
$716K
FY2024▲ +4%
Net assets by fiscal year
FY2020$663K
FY2021$706K
FY2022$701K
FY2023$688K
FY2024$716K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2019.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $255K Management & general 18% · $56K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Hyun Jung Choi
Vice President
$0Pt VII · Sec A
Bongryong Kim
Secretary
$0Pt VII · Sec A
See K J Choi Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers underprivileged youth through educational opportunities and developmental experiences.

Provided by the organization

This section is blank until K J Choi Foundation claims this page.

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3 program services account for $238K of program spending, described in the organization's own filed words · FY2024.
01

Provide support to other charitable organizations to host youth golf tournaments.

$143Kprogram expense
02

Development of our underprivileged youth by providing them opportunities and educational experiences.

$88Kprogram expense
03

Provide entry fees to youth golf tournaments for less fortunate young golfers.

$6Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Kwon S Foundation INCFY2025$11K
Total grants receivedfrom 1 funder$11K
Grants paid · 7 grants · $399K · 2020–2023
American Junior Golf Association INCGA · FY2023$140,000
NJ Onnuri Community ChurhFY2023$30,000
American Junior Golf Association INCGA · FY2022$44,675
American Junior Golf Association INCGA · FY2021$94,812
American Junior Golf Association INCGA · FY2020$80,000
Odessa College GolfFY2020$5,000
Keller High SchoolFY2020$5,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$338K
Ln 12
Gifts and grantsLn 1h$306K
Investment incomeLn 3$26K
Fees for servicesLn 2g$3K
Money outPt IX
$311K
Ln 25
Programscol B$255K
Managementcol C$56K
Owns and owesPt X
$716K
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$795K
LiabilitiesLn 26$79K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$306K
Fees for servicesLn 2g$3K
Investment incomeLn 3$26K
Other incomeLn 4–11$3K
Gains on assetsLn 7$5K
Total revenueLn 12$338K
Assets in detailPt X, end of year
CashLn 1$136K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$159K
InvestmentsLn 11–13$636K
Total assetsLn 16$795K
LiabilitiesLn 26$79K
Net assetsLn 32$716K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$128K$159K
InvestmentsLn 11–13$607K$636K
Total assetsLn 16$735K$795K
LiabilitiesLn 26$47K$79K
Net assetsLn 32$688K$716K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$143K$143K
Management feesLn 11a$28K$28K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$20K$20K
OccupancyLn 16$15K$15K
TravelLn 17$72K$72K
Other expenses (24a–d)Ln 24$23K$23K$95
Total functional expensesLn 25$311K$255K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $338K$311K$28K$716K 990 PDF
FY2023 $373K$387K−$13K$688K 990 PDF
FY2022 $280K$289K−$9K$701K 990 PDF
FY2021 $258K$215K$43K$706K 990 PDF
FY2020 $833K$304K$529K$663K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $338,354 across 7 lines filed
VIII-1f All other contributions, gifts and grants$306,461
VIII-1h Total contributions, gifts and grants$306,461
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,000$3,000
VIII-3 Investment incomeRelated to mission $21,350$21,350
VIII-7 Net gain or loss on sales of assetsUnrelated business $4,580$4,580
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,963$2,963
VIII-12 Total revenueRelated to mission $27,313 · Unrelated business $4,580 · Excluded from tax $0$338,354
Part IX · Statement of functional expenses $310,829 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $143,143$143,143
IX-11a Management feesManagement $28,500$28,500
IX-11c Accounting feesManagement $7,775$7,775
IX-12 Advertising and promotionPrograms $1,861$1,861
IX-13 Office expensesManagement $19,661$19,661
IX-16 OccupancyPrograms $14,968$14,968
IX-17 TravelPrograms $72,220$72,220
IX-24 Other expenses (24a–d)Programs $22,606 · Management $95$22,701
IX-25 Total functional expensesPrograms $254,798 · Management $56,031 · Fundraising $0$310,829
Part X · Balance sheet $794,741 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $105,586$136,099
X-2 Savings and temporary cash investmentsStart of year $22,406$22,406
X-11 Publicly traded securitiesStart of year $607,342$636,236
X-16 Total assetsStart of year $735,334$794,741
X-17 Accounts payable and accrued expensesStart of year $2,854$20,990
X-26 Total liabilitiesStart of year $47,140$79,022
X-32 Total net assets or fund balancesStart of year $688,194$715,719
X-33 Total liabilities and net assetsStart of year $735,334$794,741
Part XI · Reconciliation of net assets $715,719 net assets at year end
XI-1 Total revenue$338,354
XI-2 Total expenses$310,829
XI-3 Revenue less expenses$27,525
XI-4 Net assets at start of year$688,194
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$715,719

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

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