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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Arts, Culture & Humanities New Life Foundation

New Life Foundation

Fiscal year ending 2024. Filed on May 12, 2025.

PO Box 5839
Derwood, Maryland 20855

New Life Foundation (EIN: 36-4710533) has filed an IRS Form 990 since fiscal year 2021. In its fiscal year 2024 IRS Form 990 filing, New Life Foundation, a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $0.

Revenue, expenses, and employee compensation

Revenue

$91,344

Expenses

$95,266

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michelle Cho
President
$0
Steve Tae
Executive Director
$0
Jenny Wang
Treasurer
$0
Hyewon Yoon
Director
$0

Benchmark Employee Compensation

Mission Statement

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.

Other organizations also named New Life Foundation

New Life Foundation
Bloomfield Hills, Michigan
New Life Foundation
Burns, Tennessee
New Life Foundation
Wesley Chapel, Florida
New Life Foundation
Milwaukee, Wisconsin
New Life Foundation International Inc.
Fullerton, California
New Life Foundation World Reach
Rancho Cucamonga, California

Revisions to this organization profile

May 12, 2025:
2024 New Life Foundation 990 filed
May 13, 2024:
2023 New Life Foundation 990 filed
May 6, 2023:
2022 New Life Foundation 990 filed

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