Serving Asia EIN 46-4743792

Serving Asia

EIN  46-4743792 Public charity (501(c)(3)) Irvine, CA
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Size
<$100K
What they do
Digs wells, builds schools and orphanages, and provides health services in Asian countries.
Leadership
Jong Soo Han · CEO · $23K
Money in and out
$69K revenue, $41K expenses
Bottom line
29% program efficiency

Digs wells, builds schools and orphanages, and provides health services in Asian countries. For fiscal year 2021 it reported $69K in revenue, $41K in expenses, and $38K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$38K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.29 Management & general $0.71
Program efficiency
29%
of spending reaches programs
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$38K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$38K
Program-expense ratioPt IX · col B29%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $12K of program spending, described in the organization's own filed words · FY2021.
01

Serving asia will help low income, poverty level and homeless residents in various asia countries that us law allows by digging wells, building schools, building orphanages, and providing health and medical serrvices to spread god's love to those people.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CServing Asia
EINHdr · item D46-4743792
Principal addressHdr · item CIrvine, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFDec 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$22,800Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Jong Soo Han’s $23K as CEO is at the 64th percentile of top reported officer pay among 165 <$100K international 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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Statement of Revenue

Part VIII
Contributions & grants100%$69K
Total revenueLn 12$69K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.29 Management & general $0.71
Program services29%$12K
Management & general71%$29K
Total functional expensesLn 25$41K

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$38K
Total liabilitiesLn 26$0
Total net assetsLn 32$38K
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $38K · Operating expenses/yr $41K
11.0 months
Where the money goes
Program services
Program services $12K · Total expenses $41K
29%
Management & General
Management & general $29K · Total expenses $41K
71%
Fundraising
Fundraising $0 · Total expenses $41K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $69K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $69K · Total revenue $69K
100%
Government reliance
Government grants — · Total revenue $69K
Earned-income share
Program service revenue $0 · Total revenue $69K
0%
Investment reliance
Investment income $0 · Total revenue $69K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $41K
0%
Growth & trend
Revenue growth (YoY)
This year $69K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $38K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $69K · Expenses $41K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $38K
Net-asset ratio
Net assets $38K · Total assets $38K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $38K
0%
People & payroll
Highest Reported Total Compensation
Individual Jong Soo Han · Reported title CEO · Highest reported compensation $23K · Total expenses $41K
55%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $41K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 29%
Overhead ratio 71%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$69K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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