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Forsythia Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit - Multipurpose and Other N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$531k (2024)

Expenses
$286k (2024)

Total Assets
$2.94M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2013 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$530,525
Expenses
$286,195
Net Income
$244,330
Net Assets
$2,937,729
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $485,000
91.4%
Interest Revenue $0
Dividends $2,051
0.4%
Sales of Assets $0
Other Income $43,474
8.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $153,752
53.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,937,729
Total Liabilities $0
Net Assets $2,937,729
Compensation
Key Employees and Officers Compensation Other
Suna Om (President) $0 $0
Mi Sook Lee (Secretary) $0 $0
Gianna Zitello (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,640
Expenses
$206,168
Net Income
-$194,528
Net Assets
$2,693,399
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,423
63.8%
Sales of Assets $0
Other Income $4,217
36.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $157,479
76.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,699,157
Total Liabilities $5,758
Net Assets $2,693,399
Compensation
Key Employees and Officers Compensation Other
Suna Om (President) $0 $0
Mi Sook Lee (Secretary) $0 $0
Gianna Zitello (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$35,793
Expenses
$149,861
Net Income
-$114,068
Net Assets
$2,888,304
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,599
21.2%
Dividends $11,253
31.4%
Sales of Assets $8,271
23.1%
Other Income $8,670
24.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $105,576
70.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,902,798
Total Liabilities $14,494
Net Assets $2,888,304
Compensation
Key Employees and Officers Compensation Other
Suna Om President (President) $0 $0
Heather Om (Secretary) $0 $0
Yong Borth (Director) $0 $0
Won Suk Park (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$83,811
Expenses
$212,355
Net Income
-$128,544
Net Assets
$3,002,372
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11
0.0%
Dividends $4,698
5.6%
Sales of Assets $36,433
43.5%
Other Income $42,669
50.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $182,111
85.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,034,259
Total Liabilities $31,887
Net Assets $3,002,372
Compensation
Key Employees and Officers Compensation Other
Suna Om (President) $0 $0
Heather Om (Secretary) $0 $0
Wansoon Lee (Director) $0 $0
Yong H Borth (Director) $0 $0
Nina Lee (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$427,617
Expenses
$325,787
Net Income
$101,830
Net Assets
$3,130,916
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,408
1.0%
Dividends $10,087
2.4%
Sales of Assets $278,530
65.1%
Other Income $125,181
29.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $299,388
91.9%
Compensation of Officers* $24,000
7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,160,331
Total Liabilities $29,415
Net Assets $3,130,916
Compensation
Key Employees and Officers Compensation Other
Heather Om (Secretary) $24,000 $0
Suna Om (President) $0 $0
In Seok Park (Board Member) $0 $0
Wansoon Lee (Board Member) $0 $0
Yong H Borth (Board Member) $0 $0
Nina Lee (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,010
Expenses
$425,094
Net Income
-$372,084
Net Assets
$3,029,086
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,944
18.8%
Interest Revenue $92
0.2%
Dividends $38,426
72.5%
Sales of Assets $526
1.0%
Other Income -$523
Notable Expenses Percent of Total Expenses
Charitable Disbursements $375,031
88.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,048,828
Total Liabilities $19,742
Net Assets $3,029,086
Compensation
Key Employees and Officers Compensation Other
Suna Om (President) $0 $0
Ricky Veal (Director) $0 $0
Heather Om (Secretary) $0 $0
In Seok Park (Board Member) $0 $0
Wansoon Lee (Board Member) $0 $0
Yong H Borth (Board Member) $0 $0
Nina Lee (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,742,241
Expenses
$190,681
Net Income
$1,551,560
Net Assets
$3,401,170
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,787
0.3%
Interest Revenue $1,037
0.1%
Dividends $0
Sales of Assets $1,664,346
95.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,950
25.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,410,431
Total Liabilities $9,261
Net Assets $3,401,170
Compensation
Key Employees and Officers Compensation Other
Suna Om (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$472,791
Expenses
$183,739
Net Income
$289,052
Net Assets
$1,633,338
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $298,029
63.0%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,476
17.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,637,238
Total Liabilities $3,900
Net Assets $1,633,338

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,222,182
Expenses
$14,345
Net Income
$2,207,837
Net Assets
$1,516,265
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,222,182
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,471
45.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,522,177
Total Liabilities $5,912
Net Assets $1,516,265
Compensation
Key Employees and Officers Compensation Other
Suna Om (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$271,000
Expenses
$5,259
Net Income
$265,741
Net Assets
$267,569
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $271,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,000
19.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $267,569
Total Liabilities $0
Net Assets $267,569

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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