Kim Yong Hwan Foundation
- Assets
- $2.7m
- Revenue
- $52.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Fulleton, CA
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-1880931
Organization Overview
Kim Yong Hwan Foundation is located in Fulleton, CA. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kim Yong Hwan Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kim Yong Hwan Foundation generated $52.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $153.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kim Yong Hwan Foundation has awarded 98 individual grants totaling $1,457,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haeng Cha Kim Trustee | 2 | $0 | |
Patrick Kim Trustee | 2 | $0 | |
Charlie Kim Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,941 |
| Dividends & Interest | $18,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,031 |
| Capital Gain Net Income | $2,225 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $815 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $815 |
| Contributions, gifts, grants paid | $152,900 |
| Total expenses and disbursements | $153,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,828 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $157,073 |
| Total assets | $2,681,760 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kim Yong Hwan Foundation has awarded $152,900 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SHALOM CHURCH PURPOSE: MISSIONARY | $15,000 |
ORANGE MISSION CHOIR PURPOSE: MISSIONARY | $5,000 |
HANA CHURCH PURPOSE: MISSIONARY | $20,000 |
CORNERSTONE CHURCH PURPOSE: MISSIONARY | $10,000 |
ASIAN HEALTH SERVICE PURPOSE: MISSIONARY | $7,900 |
GARDEN GROVE POLICE STATION PURPOSE: MISSIONARY | $10,000 |