James And Agnes Kim Foundation Inc
- Assets
- $31.2m
- Revenue
- $3.7m
- Investments
- $22.3m
- Employees
- 0
- Location
- Paoli, PA
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 23-2899799
Organization Overview
James And Agnes Kim Foundation Inc is located in Paoli, PA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James And Agnes Kim 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 12/2022, James And Agnes Kim Foundation Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $608.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James And Agnes Kim Foundation Inc has awarded 161 individual grants totaling $27,654,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT DIRECTLY OR ACTIVELY CONDUCT ANY CHARITABLE ACTIVITIES. THE FOUNDATION DOES NOT MAINTAIN ANY SIGNIFICANT INVOLVEMENT GRANT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Agnes C Kim President | 0 | $0 | |
James J Kim Treasurer | 0 | $0 | |
Susan Y Kim Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $586,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,152,453 |
| Capital Gain Net Income | $1,152,453 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,738,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,671 |
| Printing and publications | $0 |
| Other expenses | $113,990 |
| Total operating and administrative expenses | $153,031 |
| Contributions, gifts, grants paid | $455,000 |
| Total expenses and disbursements | $608,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,904,401 |
| 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 | $13,428,935 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,174,239 |
| 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, James And Agnes Kim Foundation Inc has awarded $455,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BRYN MAWR HOSPITAL FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $50,000 |
DARTMOUTH COLLEGE PURPOSE: GENERAL CONTRIBUTION | $50,000 |
FORDHAM UNIVERSITY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
GEORGETOWN UNIVERSITY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
HAMILTON COLLEGE PURPOSE: GENERAL CONTRIBUTION | $10,000 |
GESU SCHOOL PURPOSE: GENERAL CONTRIBUTION | $35,000 |