Korean American Buddhist Foundation Inc

Organization Overview

Korean American Buddhist Foundation Inc is located in Alpine, NJ. The organization was established in 1999. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Buddhist Foundation Inc 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 12/2021, Korean American Buddhist Foundation Inc generated $125.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $118.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Korean American Buddhist Foundation Inc has awarded 114 individual grants totaling $523,900. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT FOR BUDDHIST FOUNDATIONS


SUPPORT FOR UNDERPRIVILEGED PEOPLE IN POOR LIVING CONDITIONS WHICH REPRESENTS BUDDHA'S MERCY


SETTING UP EDUCATIONAL PROGRAMS WHICH WILL INTRODUCE FOREIGN STUDENTS TO AMERICAN BUDDHISM


PROVIDING SCHOLARSHIP TO STUDENTS


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Board, Officers & Key Employees

Name (title)Compensation
Mina Hwang
VP
$0
Il Hwan Cho
President
$0
Soon Ja Cho
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $9,572
Net Rental Income$0
Net Gain on Sale of Assets $116,270
Capital Gain Net Income $116,270
Net ST Capital Gain $41,062
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $125,842

Grants Awarded

Over the last fiscal year, Korean American Buddhist Foundation Inc has awarded $102,750 in support to 15 organizations.

Grant RecipientAmount

WON KAK SA

PURPOSE: CONTRIBUTION TO TEMPLE

$48,500

UCLA

PURPOSE: CONTRIBUTION TO COLLEGE

$20,000

BORISA ZEN CENTER

PURPOSE: CONTRIBUTION TO TEMPLE

$6,000

CENTER FOR FOOD ACTION

PURPOSE: CONTRIBUTION TO GOOD CAUSE

$4,500

MIRAN CHUNG

PURPOSE: SCHOLARSHIP FOR BUDDHISM STUDENT

$3,000

FEEDING AMERICA

PURPOSE: CONTRIBUTION TO GOOD CAUSE

$2,800
View Grant Profile

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