Choi 51 Foundation INC

Peoria, AZUnknown exempt organization EIN 81-3567924

On file with the IRS8557 W Cameron Dr · Peoria, AZ

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Be organized exclusively for charitable and educational purposes espcecially in baseball and/or related the baseball including, for such purposes, the making of distributions.

Run by 1 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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 $104K a year · 47% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
189 mo
of spending, in cash
Looks good: 189.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$48K
To programs
0%
Net assets
$755K
By yearFY2020–FY2024
Revenue
$0
FY2024▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$500K
FY2022$173
FY2023$500K
FY2024$0
Expenses
$48K
FY2024▼ -62%
Tap a bar for its year
Expenses by fiscal year
FY2020$106K
FY2021$188K
FY2022$118K
FY2023$127K
FY2024$48K
Net assets
$755K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$334K
FY2021$656K
FY2022$537K
FY2023$803K
FY2024$755K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $48K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Choi 51 Foundation INC executive salaries →

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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 15aNo

Programs and updates

Promotes baseball and related activities through charitable and educational programs.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

No program service

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$48K
Ln 25
Managementcol C$48K
Owns and owesPt X
$755K
net assets · Ln 32
Cash and savingsLn 1–2$755K
Total assetsLn 16$755K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$755K
Cash and savings togetherLn 1–2$755K
Total assetsLn 16$755K
LiabilitiesLn 26$0
Net assetsLn 32$755K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$803K$755K
Total assetsLn 16$803K$755K
LiabilitiesLn 26$0$0
Net assetsLn 32$803K$755K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$23K$23K
Legal feesLn 11b$2K$2K
Office expensesLn 13$9K$9K
TravelLn 17$6K$6K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$48K$0$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $0$48K−$48K$755K 990 PDF
FY2023 $500K$127K$373K$803K 990 PDF
FY2022 $173$118K−$118K$537K 990 PDF
FY2021 $500K$188K$312K$656K 990 PDF
FY2020 $108K$106K$2K$334K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,000$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $500,000$0
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $127,483$47,878
I-18 Total expensesPrior year $127,483$47,878
I-19 Revenue less expensesPrior year $372,517−$47,878
Part VI · Governance 2 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
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 $47,878 across 5 lines filed
IX-11a Management feesManagement $23,427$23,427
IX-11b Legal feesManagement $1,500$1,500
IX-13 Office expensesManagement $9,294$9,294
IX-17 TravelManagement $6,136$6,136
IX-24 Other expenses (24a–d)Management $7,521$7,521
IX-25 Total functional expensesPrograms $0 · Management $47,878 · Fundraising $0$47,878
Part X · Balance sheet $754,702 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $802,580$754,702
X-16 Total assetsStart of year $802,580$754,702
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $802,580$754,702
X-33 Total liabilities and net assetsStart of year $802,580$754,702
Part XI · Reconciliation of net assets $754,702 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$47,878
XI-3 Revenue less expenses−$47,878
XI-4 Net assets at start of year$802,580
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$754,702

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

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