Francis University: Nonprofit Profile, Financials & Form 990 (EIN 47-1144304)

Revenue by fiscal year
FY2020	$538K
FY2021	$385K
FY2022	$0

Expenses by fiscal year
FY2020	$679K
FY2021	$775K
FY2022	$170K

Net assets by fiscal year
FY2020	$647K
FY2021	$287K
FY2022	$122K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

6 cents of each dollar spent went to programs.

94%

Program services 6% · $10K Management & general 94% · $160K

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

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Xuanru Jin

Secretary CFO

$0Pt VII · Sec A

Jae Sok Park

President

$0Pt VII · Sec A

See Francis University executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Operates a university to educate students.

Questions for Francis University

Tap to ask. Francis University sees how many people are interested.

Your first name shows with your question. Francis University answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $10K · in their own filed words · FY2021

01

Operate university classes

$10Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$0

Ln 12

Money outPt IX

$170K

Ln 25

Programscol B$10K

Managementcol C$160K

Owns and owesPt X

$122K

net assets · Ln 32

Cash and savingsLn 1–2$157K

Total assetsLn 16$422K

LiabilitiesLn 26$300K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Total revenueLn 12$0

Assets in detailPt X, end of year

CashLn 1$157K

Cash and savings togetherLn 1–2$157K

Land, buildings, equipmentLn 10c$265K

Total assetsLn 16$422K

LiabilitiesLn 26$300K

Net assetsLn 32$122K

OperationsPt I, VI

EmployeesI 512

VolunteersI 62

Fiscal year endsHeaderJune

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$7K	$157K
Land, buildings, equipmentLn 10c	$389K	$265K
Total assetsLn 16	$445K	$422K
LiabilitiesLn 26	$158K	$300K
Net assetsLn 32	$287K	$122K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$2K		$2K
Office expensesLn 13	$1K		$1K
Depreciation, depletion and amortizationLn 22	$123K		$123K
All other expensesLn 24e	$43K	$10K	$33K
Total functional expensesLn 25	$170K	$10K	$160K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest Viewing	$0	$170K	−$170K	$122K	990 PDF
FY2021	$385K	$775K	−$390K	$287K	990 PDF
FY2020	$538K	$679K	−$141K	$647K	990 PDF

More to add? 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 FY2022 990 (6 parts)

Part I · Summary $0 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $357,678$0

I-10 Investment income$0

I-11 Other revenuePrior year $27,400$0

I-12 Total revenuePrior year $385,078$0

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $197,181$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $578,268$170,059

I-18 Total expensesPrior year $775,449$170,059

I-19 Revenue less expensesPrior year −$390,371−$170,059

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $0 across 1 lines filed

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

Part IX · Statement of functional expenses $170,059 across 4 lines filed

IX-11c Accounting feesManagement $2,000$2,000

IX-13 Office expensesManagement $1,349$1,349

IX-22 Depreciation, depletion and amortizationManagement $123,482$123,482

IX-24e All other expensesPrograms $10,394 · Management $32,834$43,228

IX-25 Total functional expensesPrograms $10,394 · Management $159,665 · Fundraising $0$170,059

Part X · Balance sheet $421,807 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $7,279$156,713

X-10c Land, buildings and equipment, netStart of year $388,576$265,094

X-16 Total assetsStart of year $445,115$421,807

X-24 Unsecured notes and loans payableStart of year $150,000$300,000

X-26 Total liabilitiesStart of year $157,673$300,000

X-32 Total net assets or fund balancesStart of year $287,442$121,807

X-33 Total liabilities and net assetsStart of year $445,115$421,807

Part XI · Reconciliation of net assets $121,807 net assets at year end

XI-1 Total revenue$0

XI-2 Total expenses$170,059

XI-3 Revenue less expenses−$170,059

XI-4 Net assets at start of year$287,442

XI-8 Prior period adjustments$4,424

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$121,807

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org