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Fa Park Family Founation Inc

  • Alpine, NJ
  • Tax-exempt since March 2012
  • EIN: 61-1582454

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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$200k (2023)

Expenses
$681k (2023)

Total Assets
$14.5M (2023)

Total Liabilities
$11.1k (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$200,009
Expenses
$680,894
Net Income
-$480,885
Net Assets
$14,470,768
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
100.0%
Interest Revenue $9
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $197,115
28.9%
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 $14,481,819
Total Liabilities $11,051
Net Assets $14,470,768
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on May 9, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$325,306
Expenses
$991,404
Net Income
-$666,098
Net Assets
$14,951,653
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $325,000
99.9%
Interest Revenue $306
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $317,543
32.0%
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 $14,967,488
Total Liabilities $15,835
Net Assets $14,951,653
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,001,694
Expenses
$625,612
Net Income
$5,376,082
Net Assets
$15,617,751
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,000,000
100.0%
Interest Revenue $1,694
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,209
21.9%
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 $15,633,855
Total Liabilities $16,104
Net Assets $15,617,751
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on May 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,003,691
Expenses
$183,501
Net Income
$6,820,190
Net Assets
$10,241,669
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,000,000
99.9%
Interest Revenue $3,691
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $154,927
84.4%
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 $16,254,768
Total Liabilities $6,013,099
Net Assets $10,241,669
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on May 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,803,822
Expenses
$122,735
Net Income
$2,681,087
Net Assets
$3,421,478
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,800,000
99.9%
Interest Revenue $3,822
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $122,731
100.0%
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 $3,421,479
Total Liabilities $1
Net Assets $3,421,478
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on May 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,685
Expenses
$48,019
Net Income
-$46,334
Net Assets
$740,392
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,685
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,526
96.9%
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 $740,392
Total Liabilities $0
Net Assets $740,392
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on May 9, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,374
Expenses
$40,650
Net Income
$18,724
Net Assets
$786,726
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,600
14.5%
Interest Revenue $1,674
2.8%
Dividends $3,834
6.5%
Sales of Assets $45,266
76.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $37,286
91.7%
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 $786,726
Total Liabilities $0
Net Assets $786,726
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on May 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,433
Expenses
$36,639
Net Income
-$10,206
Net Assets
$805,067
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,032
34.2%
Interest Revenue $1,837
6.9%
Dividends $5,137
19.4%
Sales of Assets $10,427
39.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,300
99.1%
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 $805,067
Total Liabilities $0
Net Assets $805,067
Compensation
Key Employees and Officers Compensation Other
Fa Park (President) $0 $0
Hyeran Park (V.P / Secret) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director / T) $0 $0
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Document Links

990-PF
Filed on Aug. 16, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,234
Expenses
$29,744
Net Income
-$24,510
Net Assets
$793,841
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $180
3.4%
Dividends $4,618
88.2%
Sales of Assets $436
8.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,000
87.4%
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 $793,841
Total Liabilities $0
Net Assets $793,841
Compensation
Key Employees and Officers Compensation Other
Fa Park (President / Treasurer) $0 $0
Hyeran Park (Vice President / Secretary) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director) $0 $0
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Document Links

990-PF
Filed on Oct. 17, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$669
Expenses
$65,196
Net Income
-$64,527
Net Assets
$827,918
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $56
8.4%
Dividends $3,987
> 100%
Sales of Assets -$3,374
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $62,150
95.3%
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 $827,918
Total Liabilities $0
Net Assets $827,918
Compensation
Key Employees and Officers Compensation Other
Fa Park (President / Treasurer) $0 $0
Hyeran Park (Vice President / Secretary) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$78
Expenses
$84,210
Net Income
-$84,132
Net Assets
$871,985
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $78
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,100
99.9%
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 $871,985
Total Liabilities $0
Net Assets $871,985
Compensation
Key Employees and Officers Compensation Other
Fa Park (President / Treasurer) $0 $0
Hyeran Park (Vice President / Secretary) $0 $0
Hannah Park (Director) $0 $0
Philip Park (Director) $0 $0
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Document Links

990-PF
Filed on July 9, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$376
Expenses
$44,259
Net Income
-$43,883
Net Assets
$956,116
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $376
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,000
97.2%
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 $956,117
Total Liabilities $1
Net Assets $956,116

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,000,000
Expenses
$0
Net Income
$1,000,000
Net Assets
$1,000,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $1,000,000
Total Liabilities $0
Net Assets $1,000,000

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About 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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Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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