GFOUNDATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GFOUNDATION (EIN 37-1996506)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-25
- IRS object ID
- 202441779349300734
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-25T14:24:41-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 831435990 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOORI CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 460 BERGEN BLVD STE 203 | AddressLine1Txt |
| City | PALISADES PARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 076502345 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 371996506 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GFOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GFOU | BusinessNameControlTxt |
| Phone | 2015784188 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 347 5TH AVE SUITE 807 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EUNHYE JEONG | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2015784188 | PhoneNum |
| Signature | 2024-06-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | EUNHYE | PersonFirstNm |
| Person Last | JEONG | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN J YOON CPA | PreparerPersonNm |
| PTIN | P00387714 | PTIN |
| Phone | 2015784188 | PhoneNum |
| Preparation | 2024-06-25 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | EUNHYE JEONG | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 347 5TH AVE SUITE 807 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $244,901 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | GFOUNDATIONUS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2021 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | GFOUNDATION REACHES OUT TO NEIGHBORS WHO ARE VULNERABLE AND OVERLOOKED WITH A VISION TO CREATE A WORLD WHERE THERE IS NO DISTICTION BETWEEN THOSE WHO GIVE AND THOSE WHO RECEIVE HELP. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $44,361 | PYContributionsGrantsAmt |
| CY Contributions Grants | $244,901 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $44,361 | PYTotalRevenueAmt |
| CY Total Revenue | $244,901 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $52,250 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $56,511 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,914 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,451 | PYOtherExpensesAmt |
| CY Other Expenses | $98,409 | CYOtherExpensesAmt |
| PY Total Expenses | $11,451 | PYTotalExpensesAmt |
| CY Total Expenses | $207,170 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $32,910 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $37,731 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $32,910 | TotalAssetsBOYAmt |
| Total Assets EOY | $194,128 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $123,487 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $32,910 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $70,641 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | GFOUNDATION REACHES OUT TO NEIGHBORS WHO ARE VULNERABLE AND OVERLOOKED WITH A VISION TO CREATE A WORLD WHERE THERE IS NO DISTICTION BETWEEN THOSE WHO GIVE AND THOSE WHO RECEIVE HELP. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $160,350 | ExpenseAmt |
| Grant | $52,250 | GrantAmt |
| Desc | PROGRAM: HUMANITARIAN ASSISTANCE PROGRAM ACCOMPLISHMENT: GFOUNDATION WORKS FOR PEOPLE IN NEED AROUND THE WORLD. BY ADDRESSING THE HYGIENE, HEALTH, AND EDUCATIONAL CONCERNS IN COUNTRIES AROUND THE WORLD, WE HELP THEM BUILD A BETTER FUTURE FOR THEMSELVES. WHEN DISASTERS STRIKE, WE ARE ON THE GROUND TO HELP THE SURVIVORS RETURN TO THEIR NORMAL LIVES. GFOUNDATION RESPONDED TO THE 2023 EARTHQUAKES IN TURKEY AND MOROCCO AND FLOODING IN LIBYA BY PROVIDING ESSENTIAL SUPPORT TO SURVIVORS. IN TURKEY, GFOUNDATION DISTRIBUTED BASIC GOODS, FOOD, MEDICINE, AND WATER PURIFICATION FACILITIES TO THOSE AFFECTED, WORKING CLOSELY WITH LOCAL NGOS AND INTERNATIONAL RELIEF AGENCIES. IN MOROCCO, GFOUNDATION FOCUSED THEIR EFFORTS ON THE TOWNS OF TUBUKAL, RECARGA, AND AMIZMIZ, COLLABORATING WITH A LOCAL NGO TO PROVIDE NECESSARY RELIEF TO 300 AFFECTED FAMILIES. IN LIBYA, GFOUNDATION SUPPORTED 136 PEOPLE WITH INTERNATIONAL RELIEF AGENCIES. EMERGENCY MEDICAL SERVICES AND HYGIENE KITS WERE PROVIDED FOR THE AFFECTED LIBYANS. THROUGH THIS SUPPORT, WE AIMED TO ADDRESS THE LACK OF SURVIVAL NECESSITIES, MEDICAL SERVICES AND MEDICAL HUMAN RESOURCES. | Desc |
| Total Program Service Expenses | $160,350 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EUNHYE JEONG | PersonNm |
| Phone | 2015784188 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 347 5TH AVE SUITE 807 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| SOJIN BAE | ||||||
| DIRECTOR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHUNGKWAN PARK | ||||||
| DIRECTOR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SOOIL PARK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID SHIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| EUNHYE JEONG | ||||||
| PRESIDENT | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Related Organizations | $185,250 | RelatedOrganizationsAmt |
| All Other Contributions | $59,651 | AllOtherContributionsAmt |
| Total Contributions | $244,901 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $244,901 | TotalRevenueColumnAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50 | TotalAmt |
| Program Services | $50 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,200 | TotalAmt |
| Program Services | $52,200 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,520 | TotalAmt |
| Program Services | $31,385 | ProgramServicesAmt |
| Management And General | $20,135 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,991 | TotalAmt |
| Program Services | $3,177 | ProgramServicesAmt |
| Management And General | $1,814 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,200 | TotalAmt |
| Program Services | $3,360 | ProgramServicesAmt |
| Management And General | $840 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,510 | TotalAmt |
| Program Services | $7,897 | ProgramServicesAmt |
| Management And General | $2,313 | ManagementAndGeneralAmt |
| Fundraising | $1,300 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,980 | TotalAmt |
| Program Services | $8,905 | ProgramServicesAmt |
| Management And General | $2,609 | ManagementAndGeneralAmt |
| Fundraising | $1,466 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241 | TotalAmt |
| Fundraising | $241 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,796 | TotalAmt |
| Program Services | $2,985 | ProgramServicesAmt |
| Management And General | $1,070 | ManagementAndGeneralAmt |
| Fundraising | $1,741 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,747 | TotalAmt |
| Program Services | $2,730 | ProgramServicesAmt |
| Management And General | $17 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,150 | TotalAmt |
| Program Services | $2,800 | ProgramServicesAmt |
| Management And General | $350 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,130 | TotalAmt |
| Program Services | $2,520 | ProgramServicesAmt |
| Management And General | $610 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,231 | TotalAmt |
| Program Services | $3,385 | ProgramServicesAmt |
| Management And General | $846 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,731 | TotalAmt |
| Program Services | $36,585 | ProgramServicesAmt |
| Management And General | $9,146 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,365 | TotalAmt |
| Program Services | $1,717 | ProgramServicesAmt |
| Management And General | $1,648 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| IT SUBSCRIPTIONS | $763 | $89 | $508 | $166 |
| PROGRAM SUPPLIES | $565 | $565 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $207,170 | TotalAmt |
| Program Services | $160,350 | ProgramServicesAmt |
| Management And General | $41,906 | ManagementAndGeneralAmt |
| Fundraising | $4,914 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,910 | BOYAmt |
| EOY | $54,304 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $139,824 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,910 | BOYAmt |
| EOY | $194,128 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,649 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $120,838 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $123,487 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,910 | BOYAmt |
| EOY | $70,641 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,910 | BOYAmt |
| EOY | $70,641 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,910 | BOYAmt |
| EOY | $194,128 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $37,731 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $44,361 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $244,901 | CurrentTaxYearAmt |
| Total | $289,262 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $44,361 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $244,901 | CurrentTaxYearAmt |
| Total | $289,262 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $289,262 | PublicSupportTotal170Amt |
| Total Support | $289,262 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RIGHT OF USE ASSETS | $118,900 |
| SECURITY DEPOSIT | $20,924 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $139,824 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITIES | Desc |
| Amt | $120,838 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $120,838 | TotalLiabilityAmt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| TURKEY | PROGRAM SERVICE | HUMANITARIAN ASSISTA | $38,700 |
| MOROCCO | PROGRAM SERVICE | HUMANITARIAN ASSISTA | $9,000 |
| LIBYA | PROGRAM SERVICE | HUMANITARIAN ASSISTA | $4,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $52,200 | SubtotalSpentAmt |
| Total Spent | $52,200 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|
| HUMANITARIAN ASSITAN | $9,000 | WIRE TRANSFER |
| HUMANITARIAN ASSISTA | $38,700 | WIRE TRANSFER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE F, PAGE 1, PART I, LINE 2 | THE ORGANIZATION RECEIVED REPORTS ON THE USE OF ITS GRANTS AND FIELD TRIP TO DISASTERED AREAS WHERE ITS GRANTS WERE USED. |
| SCHEDULE F, PAGE 1, PART I, LINE 3 | TURKEY 38,700 0 MOROCCO 9,000 0 LIBYA 4,500 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4A | PROGRAM: HUMANITARIAN ASSISTANCE PROGRAM ACCOMPLISHMENT: GFOUNDATION WORKS FOR PEOPLE IN NEED AROUND THE WORLD. BY ADDRESSING THE HYGIENE, HEALTH, AND EDUCATIONAL CONCERNS IN COUNTRIES AROUND THE WORLD, WE HELP THEM BUILD A BETTER FUTURE FOR THEMSELVES. WHEN DISASTERS STRIKE, WE ARE ON THE GROUND TO HELP THE SURVIVORS RETURN TO THEIR NORMAL LIVES. GFOUNDATION RESPONDED TO THE 2023 EARTHQUAKES IN TURKEY AND MOROCCO AND FLOODING IN LIBYA BY PROVIDING ESSENTIAL SUPPORT TO SURVIVORS. IN TURKEY, GFOUNDATION DISTRIBUTED BASIC GOODS, FOOD, MEDICINE, AND WATER PURIFICATION FACILITIES TO THOSE AFFECTED, WORKING CLOSELY WITH LOCAL NGOS AND INTERNATIONAL RELIEF AGENCIES. IN MOROCCO, GFOUNDATION FOCUSED THEIR EFFORTS ON THE TOWNS OF TUBUKAL, RECARGA, AND AMIZMIZ, COLLABORATING WITH A LOCAL NGO TO PROVIDE NECESSARY RELIEF TO 300 AFFECTED FAMILIES. IN LIBYA, GFOUNDATION SUPPORTED 136 PEOPLE WITH INTERNATIONAL RELIEF AGENCIES. EMERGENCY MEDICAL SERVICES AND HYGIENE KITS WERE PROVIDED FOR THE AFFECTED LIBYANS. THROUGH THIS SUPPORT, WE AIMED TO ADDRESS THE LACK OF SURVIVAL NECESSITIES, MEDICAL SERVICES AND MEDICAL HUMAN RESOURCES. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A DRAFT OF FORM 990 HAS BEEN REVIEWED BY TOP MANAGEMENT AND BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE IN WRITTEN DOCUMENTS IF THERE IS ANY CONFLICT OF INTEREST AND THE DISCLOSURES ARE REVIEWED BY BOARD OF DIRECTORS ANNUALLY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO, ED OR TOP MANAGEMENT OFFICERS' COMPENSAION ARE REVIEWED AND APPROVED BY BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE GOVERNING DOCUMENTS WILL BE AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH NYS OFFICE OF ATTORNEY GENERAL. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GFOUNDATION SOCIAL COOPERATIVE UNIO | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 WORLD CUP BUK-RO 6GIL MAPO-GU | AddressLine1Txt |
| City | SEOUL | CityNm |
| Province Or State | KOREA, SOUTH | ProvinceOrStateNm |
| Country | KS | CountryCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CHARITY | PrimaryActivitiesTxt |
| Legal Domicile Foreign Country | KS | LegalDomicileForeignCountryCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GFOUNDATION SOCIAL COOPERATIVE UNIO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | C | TransactionTypeTxt |
| Involved | $185,250 | InvolvedAmt |
| Method Of Amount Determination | CASH RECEIVED AS GIFTS | MethodOfAmountDeterminationTxt |
Comments