NonprofitsNew Life Foundation

Arts, Culture & Humanities

New Life Foundation

DERWOOD, MD

Total revenue

$91K

Total expenses

$95K

Net assets

$50K

Grants received

EIN

364710533

Tax year

2024

Mission

New Life Foundation is organized, and shall be operated exclusively, for charitable and educational purposes (as such terms are defined in section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code (the "Code")), including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Code. The purposes for which the corporation is formed are as follows: (i) providing music instruction to underprivileged children with musical talent; (ii) providing young, classically trained musicians with opportunities to express their talents by performing Christian orchestral music; and (iii) enabling students to share their love of music by performing in orphanages and other public venues both in their local communities and abroad.

Financials

FY 2024

Revenue

Contributions & grants$88K
Program service revenue$3K
Investment income
Other revenue
Total revenue$91K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$49K
Total expenses$95K
Total assets$50K
Net assets$50K

People

4 listed

NameRoleCompensation

Michelle Cho

President

Board

20 hrs/wk

Hyewon Yoon

Director

Board

10 hrs/wk

Jenny Wang

Treasurer

Board

10 hrs/wk

Steve Tae

Executive Director

Board

10 hrs/wk

Details

EIN364710533
NTEE codeA68
Subsection03
Ruling date2012-04
NEW LIFE FOUNDATION — Mission, Financials & Grants Received | Grantivo