Civic Intelligence

M & J Resources Foundation

990 • Fiscal year 2022 • EIN 87-4267294

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 26, 2024

Organization Profile
23214 Ocean AveTorrance, CA 90505

(310) 995-0097

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

93rd percentile

67%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

$140,933

No earlier filing loaded for comparison.

Net Assets

$140,933

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin93rd percentile

Revenue

$211,000

No earlier filing loaded for comparison.

Expenses

$70,067

No earlier filing loaded for comparison.

Net Income

$140,933

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$150K$100K$50K$0Assets 2022: $140,933Liabilities 2022: $0Net Assets 2022: $140,9332022Assets 2024: $167,959Liabilities 2024: $0Net Assets 2024: $167,9592024

Highlighted filing

2022

Assets$140,933
Liabilities$0
Net Assets$140,933
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2022: $211,000Expenses 2022: $70,067Net Income 2022: $140,9332022Revenue 2024: $37,671Expenses 2024: $32,605Net Income 2024: $5,0662024

Highlighted filing

2022

Revenue$211,000
Expenses$70,067
Net Income$140,933
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 26, 2024
Return Version
2022v5.0
Gross Receipts
$211,000
Mission and Program Overview

Mission

To serve the community in needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$100,000-
Cash and Non-Interest-Bearing Accounts-$40,933-
Total Assets$0$140,933▲ $140,933
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$140,933-
Total Net Assets Fund Balance$0$140,933▲ $140,933
Total Liabilities and Net Assets / Fund Balance$0$140,933▲ $140,933
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Mankee MinPresident
Jaehee MinCFO
Jae Eun MinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$211,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$211,000
Change in Net Assets
$140,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$64,233
Other Expenses$5,834
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$64,233--$64,233
Fees for Services Accounting$4,000--$4,000
Travel$1,186--$1,186
Insurance$604--$604
Fees for Services Other$44--$44
Total Functional Expenses$70,067$0$0$70,067
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
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
M & J Resources Foundation
EIN
87-4267294
Phone
3109950097
Address
23214 OCEAN AVE, TORRANCE, CA 90505

Signing Officer

Name
Mankee Min
Title
President
Phone
3109950097
Signed
2024-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mankee Min
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Choi Hong Lee & Kang Llp
Address
3435 WILSHIRE BLVD STE 480, LOS ANGELES, CA 90010-2003
Preparer
Soh Yun Park
Phone
2133651700
Raw XML Appendix243 raw XML fields

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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ReasonableCauseExplanation/ExplanationTxt0THE ORGANIZATION INITIALLY WAS WILLING TO BE CLASSIFIED AS A PRIVATE FOUNDATION SINCE THE MAJOR DONATION HAS COME FROM ONE DONOR. HOWEVER, FORM 1023EZ PART IV, LINE 3 WAS INCORRECTLY CHECKED AS A PUBLIC CHARITY RATHER THAN A PRIVATE FOUNDATION. WHEN WE TRIED TO FILE THIS TAX RETURN ELECTRONICALLY, THE TAX SOFTWARE KEPT ASKING IF THIS ENTITY IS A FORMER PUBLIC CHARITY, AND I DIDN'T CHECKMARK IT BECAUSE IT WAS NOT. HOWEVER, DUE TO THAT REASON, E-FILING KEPT FAILING. I CALLED THE IRS REGARDING THIS MATTER SEVERAL TIMES AND FINALLY RECEIVED A CALL FROM THE EXEMPT ORGANIZATION E-FILING UNIT AND UNDERSTOOD THE REASON FOR THE E-FILE FAILURE. THIS TIME I'M FILING THIS TAX RETURN AS A PUBLIC CHARITY FOR E-FILING PURPOSES ONLY AND WILL FILE FORM 8940 TO ELECT AS A PRIVATE FOUNDATION AND START FILING AS A PRIVATE FOUNDATION STARTING IN 2024.
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-26
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ReturnHeader/Filer/EIN0874267294
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SOH YUN PARK
ReturnHeader/ReturnTs02024-02-26T23:17:17-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,933
Liabilities
$0
Net assets
$140,933
Revenue
$211,000
Expenses
$70,067
Net income
$140,933
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.38$0.33$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$2.11$0.70$1.41