Civic Intelligence

Primax Foundation Inc.

990 • Fiscal year 2020 • EIN 20-8081933

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 25, 2021

Organization ProfileN/A
16233 Heron AveLA Mirada, CA 90638

(714) 523-2532

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

97th percentile

227%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1287%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,354,452

Up $3,021,568 (+227%) from 2019

Net Assets

Up

$4,354,452

Up $3,021,568 (+227%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin99th percentile

Revenue

Up

$3,029,982

Up $2,811,590 (+1287%) from 2019

Expenses

Down

$77,627

Down $5,357 (-6.5%) from 2019

Net Income

Up

$2,952,355

Up $2,816,947 (+2080%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $272,679Net Assets 2010: $272,6792010Assets 2011: $343,530Net Assets 2011: $343,5302011Assets 2012: $387,098Net Assets 2012: $387,0982012Assets 2013: $474,488Net Assets 2013: $474,4882013Assets 2014: $658,170Liabilities 2014: $4,700Net Assets 2014: $653,4702014Assets 2015: $815,571Liabilities 2015: $0Net Assets 2015: $815,5712015Assets 2016: $906,586Liabilities 2016: $0Net Assets 2016: $906,5862016Assets 2017: $1,038,504Liabilities 2017: $0Net Assets 2017: $1,038,5042017Assets 2018: $1,057,287Liabilities 2018: $0Net Assets 2018: $1,057,2872018Assets 2019: $1,332,884Liabilities 2019: $0Net Assets 2019: $1,332,8842019Assets 2020: $4,354,452Liabilities 2020: $0Net Assets 2020: $4,354,4522020Assets 2021: $4,775,646Liabilities 2021: $0Net Assets 2021: $4,775,6462021Assets 2022: $4,405,308Liabilities 2022: $0Net Assets 2022: $4,405,3082022Assets 2023: $4,484,852Liabilities 2023: $23Net Assets 2023: $4,484,8292023Assets 2024: $4,406,307Liabilities 2024: $0Net Assets 2024: $4,406,3072024Assets 2025: $4,603,546Liabilities 2025: $0Net Assets 2025: $4,603,5462025

Highlighted filing

2020

Assets$4,354,452
Liabilities$0
Net Assets$4,354,452
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $122,402Expenses 2010: $88,845Net Income 2010: $33,5572010Revenue 2011: $126,113Expenses 2011: $55,262Net Income 2011: $70,8512011Revenue 2012: $137,470Expenses 2012: $93,902Net Income 2012: $43,5682012Revenue 2013: $136,032Expenses 2013: $48,642Net Income 2013: $87,3902013Revenue 2014: $235,888Expenses 2014: $56,906Net Income 2014: $178,9822014Revenue 2015: $248,737Expenses 2015: $86,636Net Income 2015: $162,1012015Revenue 2016: $186,127Expenses 2016: $95,111Net Income 2016: $91,0162016Revenue 2017: $227,064Expenses 2017: $95,146Net Income 2017: $131,9182017Revenue 2018: $158,013Expenses 2018: $99,558Net Income 2018: $58,4552018Revenue 2019: $218,392Expenses 2019: $82,984Net Income 2019: $135,4082019Revenue 2020: $3,029,982Expenses 2020: $77,627Net Income 2020: $2,952,3552020Revenue 2021: $282,446Expenses 2021: $58,640Net Income 2021: $223,8062021Revenue 2022: $74,844Expenses 2022: $165,254Net Income 2022: -$90,4102022Revenue 2023: $113,362Expenses 2023: $302,570Net Income 2023: -$189,2082023Revenue 2024: $94,166Expenses 2024: $359,612Net Income 2024: -$265,4462024Revenue 2025: $58,419Expenses 2025: $157,304Net Income 2025: -$98,8852025

Highlighted filing

2020

Revenue$3,029,982
Expenses$77,627
Net Income$2,952,355
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 25, 2021
Return Version
2020v4.1
Gross Receipts
$3,029,982
Mission and Program Overview

Mission

The specific purpose of the organization is to support socially and economically disadvantaged people in local and international communities. Activities are youth empowerment and

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$347,944$3,216,037▲ $2,868,093
Investments in Publicly Traded Securities$976,339$1,053,724▲ $77,385
Land, Buildings, and Equipment, Net$676$70,503▲ $69,827
Cash and Non-Interest-Bearing Accounts$6,299$12,562▲ $6,263
Inventories for Sale or Use$1,626$1,626→ $0
Total Assets$1,332,884$4,354,452▲ $3,021,568
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,332,884$4,354,452▲ $3,021,568
Total Net Assets Fund Balance$1,332,884$4,354,452▲ $3,021,568
Total Liabilities and Net Assets / Fund Balance$1,332,884$4,354,452▲ $3,021,568

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$69,827$0$69,827
Equipment$676$0$676
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Jin K HongPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$3,011,957
Program Service Revenue
$6,000
Investment Income
$12,025
Other Revenue
$0
All Other Contributions
$3,011,957
Change in Net Assets
$2,952,355

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$68,552
Other Expenses$9,075
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$68,552--$68,552
Occupancy$0$5,100$0$5,100
Fees for Services Accounting$0$1,400$0$1,400
Office Expenses$0$600$0$600
Conferences and Meetings$0$385$0$385
Other Expenses$0$77$0$77
Total Functional Expenses$68,552$9,075$0$77,627
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Primax Foundation Inc
EIN
20-8081933
Phone
7145232532
Address
16233 HERON AVE, LA MIRADA, CA 90638

Signing Officer

Name
Jin K Hong
Title
President
Phone
7145232532
Signed
2021-03-25
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Michael K Khim Accountancy Corporation
Address
3250 WILSHIRE BLVD STE 1705, LOS ANGELES, CA 90010
Preparer
Michael K Khim
Phone
2137366789
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

“The meetings held have been documented by the Board of Directors.”

Pt VI, Line 11B

“Copy of form 990 was reviewed before filing it at the meeting of Board of Directors.”

Pt VI, Line 19

“Conflict of interest policy and financial statements are available to the board members during the tax year.”

Pt VI, Line 8B

“No committee with authority to act on behalf of the governing body.”

Pt VI, Line 15A

“No other officers or key employees”

Form 990, Part III, Line 4D

“Scholarship and others 2964. 0. 0.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part III, Line 4d
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01332884
IRS990/TotalAssetsEOYAmt04354452
IRS990/TotalAssetsGrp/BOYAmt01332884
IRS990/TotalAssetsGrp/EOYAmt04354452
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03011957
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09075
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068552
IRS990/TotalFunctionalExpensesGrp/TotalAmt077627
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01332884
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04354452
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt02964
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt068552
IRS990/TotalProgramServiceRevenueAmt06000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018025
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03029982
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01332884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04354452
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt016233 HERON AVE
IRS990/USAddress/CityNm0LA MIRADA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090638
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIN K HONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07145232532
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRIMAX FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PRIM
ReturnHeader/Filer/EIN0208081933
ReturnHeader/Filer/PhoneNum07145232532
ReturnHeader/Filer/USAddress/AddressLine1Txt016233 HERON AVE
ReturnHeader/Filer/USAddress/CityNm0LA MIRADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090638
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL K KHIM ACCOUNTANCY CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03250 WILSHIRE BLVD STE 1705
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090010
ReturnHeader/PreparerPersonGrp/PhoneNum02137366789
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL K KHIM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-04-26T11:24:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HONG
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,354,452
Liabilities
$0
Net assets
$4,354,452
Revenue
$3,029,982
Expenses
$77,627
Net income
$2,952,355
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$0.06$0.16$0.10
2024Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$0.09$0.36$0.27
2023Detailed filing. Detailed filing data is available for this year.$4.48$0.00$4.48$0.11$0.30$0.19
2022Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$0.07$0.17$0.09
2021Detailed filing. Detailed filing data is available for this year.$4.78$0.00$4.78$0.28$0.06$0.22
2020Detailed filing. Detailed filing data is available for this year.$4.35$0.00$4.35$3.03$0.08$2.95
2019Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.22$0.08$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.16$0.10$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.23$0.10$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.19$0.10$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.25$0.09$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.65$0.24$0.06$0.18
2013Detailed filing. Detailed filing data is available for this year.$0.47$0.47$0.14$0.05$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.39$0.14$0.09$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.34$0.13$0.06$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.27$0.12$0.09$0.03