2025-06-25T09:35:05-05:00 2024-12-31 233018514 DUNLAPSLK PC 1300 HORIZON DRIVE SUITE 106 CHALFONT PA 18914 990 2024-01-01 231978566 THE PHILIP JAISOHN MEMORIAL FOUNDATION PHIL 2158660104 1180 WELSH ROAD SUITE 250 NORTH WALES PA 19454 JUNG S CHOE PRESIDENT 2158660104 2025-06-17 1 1 JULIA L DAVIS P00163568 2675943755 2025-06-17 2024 2025-03-06 01:10:19Z X JUNG S CHOE 1180 WELSH ROAD SUITE 250 NORTH WALES PA 19454 10460386 0 X WWW.JAISOHN.ORG X 1975 PA THE FOUNDATION'S MISSION IS TO PROMOTE AND FULFILL DR. PHILIP JAISOHN'S IDEALS OF HUMANITY THROUGH MEDICAL, SOCIAL, EDUCATIONAL AND CULTURAL SERVICES FOR THE ENHANCEMENT OF THE QUALITY OF THE LIFE IN THE COMMUNITIES PARTICULARLY THOSE OF ASIAN AMERICANS. 17 16 36 30 169181 151362 1193979 7811934 1754799 1579665 128967 255980 393554 238105 3471299 9885684 29520 46000 0 0 1137297 1172272 0 0 80719 1762737 1530487 2929554 2748759 541745 7136925 7007934 14441774 149437 212407 6858497 14229367 THE FOUNDATION'S MISSION IS TO PROMOTE AND FULFILL DR. PHILIP JAISOHN'S IDEALS OF HUMANITY THROUGH MEDICAL, SOCIAL, EDUCATIONAL AND CULTURAL SERVICES FOR THE ENHANCEMENT OF THE QUALITY OF THE LIFE IN THE COMMUNITIES PARTICULARLY THOSE OF ASIAN AMERICANS. 0 0 1400282 1616884 MEDICAL SERVICES: THE FOUNDATION PROVIDES VARIOUS MEDICAL SERVICES TO THE COMMUNITY, INCLUDING A MEDICAL CLINIC, HEALTH EDUCATION AND SCREENING, FLU SHOTS AND OTHER MEDICAL SERVICES 521951 46000 63076 HUMAN SERVICES AND ADVOCACY: THE FOUNDATION IS DEDICATED TO HELPING AND PROMOTING THE ASIAN AMERICAN COMMUNITY BY PROVIDING VARIOUS BENEFITS AND PROGRAMS INCLUDING MENTAL HEALTH COUNSELING, SENIOR SERVICES, SOCIAL SERVICES, HEALTH INSURANCE SERVICES, ADVOCACY, EDUCATION AND LEADERSHIP PROGRAMS. 153085 MEMORIAL HOUSE: THE FOUNDATION MANAGES AND MAINTAINS A SEPERATE HISTORICAL MUSEUM, THE JAISOHN HOUSE, WHICH WAS ONCE THE HOUSE IN WHICH DR. PHILIP JAISOHN RESIDED. THE MEMORIAL HOUSE IS LOCATED IN MEDIA, PENNSYLVANIA. 2075318 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 25 0 36 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 PA X JUNG S CHOE 2152242000 1180 WELSH ROAD SUITE 250 NORTH WALES PA 19454 JUNG S CHOE PRESIDENT 50.00 1.00 X X 151490 0 0 JONGMOO JAY CHOI BOARD MEMBER 1.00 X 0 0 0 YOUNG II CHO BOARD MEMBER 1.00 X 0 0 0 HACK RYANG CHUNG BOARD MEMBER 1.00 X 0 0 0 CHONG TAE KIM BOARD MEMBER 1.00 X 0 0 0 BONG SIK LEE BOARD MEMBER 1.00 X 0 0 0 MANUAL M LEE BOARD MEMBER 1.00 X 0 0 0 UN HWANG LEE BOARD MEMBER 1.00 X 0 0 0 HENRY SUNG KYU OH BOARD MEMBER 1.00 X 0 0 0 SEIWOONG OH BOARD MEMBER 1.00 X 0 0 0 JIN PARK BOARD MEMBER 1.00 X 0 0 0 JIN TWILLEY BOARD MEMBER 1.00 X 0 0 0 JUDY YOO BOARD MEMBER 1.00 X 0 0 0 SUK-CHUNG YOON BOARD MEMBER 1.00 X 0 0 0 BRIAN C LEE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 J MIA KIM TREASURER 1.00 X X 0 0 0 JOHN HAN SECRETARY 1.00 X X 0 0 0 GRACE KIM CFO 40.00 X 104043 0 0 255533 0 0 2 0 1 0 WON MYUNG KIM 516 CHAMPIONSHIP DR HARLEYSVILLE PA 19438 PHYSICIAN 224548 YOUNG NAM KIM 2506 CREEKSIDE DR LANSDALE PA 19446 PHYSICIAN 196236 JAMIE PAIK 419 WYNTRE LEA DR BRYN MAWR PA 19010 PHYSICIAN 119399 3 74711 5305700 2431523 7811934 MEDICAL SERVICES 621400 1516589 1516589 HUMAN SERVICES AND ADV 900099 63076 63076 1579665 252824 252824 94595 0 94595 94595 94595 518887 515731 3156 3156 3156 27600 74711 58971 -31371 -31371 NET S CORP INCOME 621610 169181 169181 PROFESSIONAL FEES 900099 3000 3000 OTHER INCOME 900099 2700 2700 174881 9885684 1679960 169181 224609 X 46000 46000 236646 187638 49008 865378 745813 91965 27600 70248 59728 8409 2111 39203 548 38655 13282 185 13097 600567 600567 20582 18702 1880 129305 93671 35634 203339 107527 95812 1161 451 710 5951 5951 141686 84477 57209 91298 80635 10663 FEDERAL INCOME TAXES 30156 30156 PROGRAM EXPENSES 105864 105864 COVID 19 OUTREACH 68270 68270 EVENT EXPENSE 35105 35105 44718 27775 14943 2000 2748759 2075318 592722 80719 40798 16927 3033682 2536984 85203 59119 145273 59984 5109 16067 20366 124904 6798016 1301059 1028395 5496957 1399592 4777930 966106 1063124 283410 289778 7007934 14441774 149437 167705 18441 0 26261 149437 212407 X 5793559 12519503 1064938 1709864 6858497 14229367 7007934 14441774 X 7136925 217741 16204 X X 0 1 X 1 0 X 761362 795130 555978 1193979 7811934 11118383 1819468 1737743 1835928 1754799 1579655 8727593 2580830 2532873 2391906 2948778 9391589 19845976 0 0 0 19845976 23749 40947 66897 128735 350575 610903 23749 40947 66897 128735 350575 610903 240873 347876 285269 396609 169181 1439808 24487 19400 5700 49587 2869939 2941096 2744072 3474122 9917045 21946274 0.90430 0.87810 0.02780 0.01960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49667 49667 6362772 980266 5382506 196307 196077 230 189270 124716 64554 5496957 1063124 C 1063124 SECURITY DEPOSITS 26261 26261 X PART X, LINE 2: JAISOHN IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, JAISOHN QUALIFIES FOR CHARITABLE CONTRIBUTION DEDCUTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. HOME CARE IS A FOR PROFIT ENTITY THAT HAS ELECTED UNDER THE INTERNAL REVENUE CODE AND PENNSYLVANIA TAX LAWS TO BE TAXED AS AN S CORPORATION. ACCORDINGLY, INCOME FROM HOME CARE PASSES THROUGH TO JAISOHN AS UNRELATED BUSINESS INCOME. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE CURRENT YEAR. THE FOUNDATION FILES INCOME TAX RETURNS IN THE UNITED STATES, PENNSYLVANIA AND PHILADELPHIA JURISDICTIONS. GENERALLY, THE FOUNDATION'S FEDERAL, STATE AND LOCAL TAX RETURNS ARE SUBJECT TO EXAMINATION FOR THE LAST THREE YEARS. GALA 102311 74711 27600 35551 9233 14187 102311 74711 27600 35551 9233 14187 58971 -31371 1 SCHOLARSHIPS 22 46000 PART 1, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHOLARSHIP RECIPIENTS MUST BE AN UNDERGRADUATE OR GRADUATE STUDENT. RECIPIENTS ARE SELECTED BASED ON CRITERIA INCLUDING MERIT AND NEED. 0 0 0 0 1 0 0 0 0 JUNG S CHOE PRESIDENT 151490 0 0 0 0 0 0 0 0 0 151490 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM AND REVIEWED BY THE FOUNDATION'S PRESIDENT PRIOR TO FILING. THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE GOVERNING BODY IF THEY CHOOSE TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE PROHIBITED FROM ENGAGING IN ANY ACTIVITY OR PRACTICES IN CONFLICT WITH THE INTEREST AND GOALS OF THE FOUNDATION. THIS IS REGULARLY MONITORED BY THE PRESIDENT, JUNG S. CHOE. FORM 990, PART VI, SECTION B, LINE 15A OFFICERS' WAGE IS REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGINZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PHYSICIAN FEES: PROGRAM SERVICE EXPENSES 600,567. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 600,567. FORM 990, PART XI, LINE 9: BOOK TO TAX ADJUSTMENT TO HOMECARE 16,204. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. JAISOHN HOME HEALTH CARE INC 6075 OLD YORK RD PHILADELPHIA PA 19126 451544709 SERVICES PA 501C3 LINE 10 N/A 0 JAISOHN HOME CARE INC 1180 WELSH ROAD SUITE 240 NORTH WALES PA 19454 205088172 SERVICES PA N/A S 169181 1063124 1.00000 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 JAISOHN HOME CARE INC J 19200 CASH JAISOHN HOME CARE INC C 30000 CASH JAISOHN HOME CARE INC O 38233 CASH JAISOHN HOME CARE INC Q 3320 CASH JAISOHN HOME HEALTH CARE INC Q 3703 CASH