Kim Family Foundation
- Assets
- $43.7k
- Revenue
- $30.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 36-4166960
Organization Overview
Kim Family Foundation is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kim Family 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 12/2022, Kim Family Foundation generated $30.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $40.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND IMAN PROJECT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soo Young Lee Secretary | 0 | $0 | |
Paul Kim President | 0 | $0 | |
Sangbok David Kim Chariman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,380 |
| Interest on Savings | $75 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $30,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,329 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $40,607 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $40,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,066 |
| 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 | $600 |
| Total assets | $43,666 |
| Accounts payable and accrued expenses | $13,492 |
| 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 | $13,492 |
Grants Awarded
Over the last fiscal year, Kim Family Foundation has awarded $28,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION ENABLERS INTERNATIONAL PURPOSE: TO SUPPORT THE DONEE'S CHARITABLE WORK IN EDUCATION | $8,000 |
COUNCIL OF KOREAN AMERICANS PURPOSE: TO PROMOTE WELLBEING OF KOREANS LIVING IN AMERICA | $20,000 |