Premierone Plus Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 82-3921535)

Revenue by fiscal year
FY2020	Not on file
FY2021	$0
FY2023	$290K
FY2024	$200K
FY2025	$10K

Expenses by fiscal year
FY2020	Not on file
FY2021	$9K
FY2023	$47K
FY2024	$47K
FY2025	$37K

Net assets by fiscal year
FY2020	$23K
FY2021	$14K
FY2023	$255K
FY2024	$408K
FY2025	$381K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2019.

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

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Jay S Choi

CEO

$0Pt VII · Sec A

See Premierone Plus Foundation executive salaries →

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

Offers financial aid to individuals and families in need.

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1 program · $45K · in their own filed words · FY2023

01

Donation

$45Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 3 grants · $82K · 2024–2025

Korean American United FoundationCA · FY2025$36,000

Korean American United FoundationCA · FY2024$36,000

Walk the Narrow RoadCA · FY2024$10,000

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$290K

Ln 12

Gifts and grantsLn 1h$290K

Money outPt IX

$47K

Ln 25

Owns and owesPt X

$255K

net assets · Ln 32

Cash and savingsLn 1–2$255K

Total assetsLn 16$255K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$290K

Total revenueLn 12$290K

Assets in detailPt X, end of year

CashLn 1$255K

Cash and savings togetherLn 1–2$255K

Total assetsLn 16$255K

LiabilitiesLn 26$0

Net assetsLn 32$255K

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$12K	$255K
Total assetsLn 16	$12K	$255K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$12K	$255K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$45K
Grants to domestic individualsLn 2	$2K
Accounting feesLn 11c	$275
Total functional expensesLn 25	$47K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Apr 13, 2026	$10K	$37K	−$27K	$381K	990 PDF
FY2024Filed with the IRS Mar 31, 2025	$200K	$47K	$153K	$408K	990 PDF
FY2023 ViewingFiled with the IRS Apr 24, 2024	$290K	$47K	$243K	$255K	990 PDF
FY2022	Not on file
FY2021Filed with the IRS Mar 9, 2022	$0	$9K	−$9K	$14K	990 PDF
FY2020Filed with the IRS May 3, 2021				$23K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $290,000 revenue, 12 lines filed

I-8 Contributions and grants$290,000

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$290,000

I-13 Grants and similar amounts paid$47,200

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$275

I-18 Total expenses$47,475

I-19 Revenue less expenses$242,525

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

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 $290,000 across 4 lines filed

VIII-1f All other contributions, gifts and grants$290,000

VIII-1h Total contributions, gifts and grants$290,000

VIII-8 Net income from fundraising events$0

VIII-12 Total revenue$290,000

Part IX · Statement of functional expenses $47,475 across 3 lines filed

IX-1 Grants to domestic organizations$45,200

IX-2 Grants to domestic individuals$2,000

IX-11c Accounting fees$275

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$47,475

Part X · Balance sheet $254,919 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $12,394$254,919

X-16 Total assetsStart of year $12,394$254,919

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $12,394$254,919

X-32 Total net assets or fund balancesStart of year $12,394$254,919

X-33 Total liabilities and net assetsStart of year $12,394$254,919

Part XI · Reconciliation of net assets $254,919 net assets at year end

XI-1 Total revenue$290,000

XI-2 Total expenses$47,475

XI-3 Revenue less expenses$242,525

XI-4 Net assets at start of year$12,394

XI-10 Net assets at end of year$254,919

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Premierone Plus Foundation FY2023 filing

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