Good Friend Ministry
Good Friend Ministry is a private foundation, based in IRVINE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $724K in total assets. In 2024, it awarded 6 grants totaling $37K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$724K
-1.9% YoY
Annual Giving
$37K
+35.6% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$6K
+58.2% YoY
Under IRS private-foundation payout rules, Good Friend Ministry reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About Good Friend Ministry
Based on IRS filings
Good Friend Ministry is a private foundation, based in IRVINE, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $724K in total assets. In 2024, it awarded 6 grants totaling $37K. Net investment income was $26K.
Ready to take the next step with Good Friend Ministry?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $723,834 | $737,756 | $728,689 |
| Revenue | $25,767 | $38,887 | $39,435 |
| Expenses | $39,689 | $29,820 | $24,381 |
| Qualifying Distributions | $37,300 | $27,500 | $22,500 |
| Net Investment Income | $25,767 | $38,412 | $39,299 |
| Distributable Amount | $36,987 | $36,295 | $33,520 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Silver Wave Mission ($20,500), MET Ministry ($5,000), Jesus Online Ministries ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Silver Wave Mission Anaheim, CA | Regular donor | $20,500 |
| The Last Runners Continental Divide, NM | Regular donor | $3,000 |
| Jesus Online Ministries Higley, AZ | Regular donor | $4,000 |
| MTC Ministry La Mirada, CA | Regular donor | $2,000 |
| Pacific Justice Institue Sacramento, CA | Regular donor | $2,800 |
| MET Ministry Cypress, CA | Regular donor | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Eugene J Choy | President | 10 | — |
| Timothy Myungsuk Choy | Secretary | 5 | — |
| Joanne Jeehae Choy | CFO | 5 | — |
Frequently Asked Questions
How large is Good Friend Ministry?
As of 2024, Good Friend Ministry holds $724K in total assets with $26K in annual revenue. It awarded 6 grants totaling $37K in 2024.
Where does Good Friend Ministry operate?
Good Friend Ministry has awarded grants in Arizona, California, Colorado, New Mexico, Virginia.
What size grants does Good Friend Ministry award?
In 2024, Good Friend Ministry awarded 6 grants totaling $37K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Good Friend Ministry required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Good Friend Ministry reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Good Friend Ministry's EIN?
Good Friend Ministry's EIN (Employer Identification Number) is 95-3842453. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Good Friend Ministry's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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