Steve & Jenny Kim Foundation
- Assets
- $593.7k
- Revenue
- $80.9k
- Investments
- $570.6k
- Employees
- 0
- Location
- La Canada Flintridge, CA
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 45-3147918
Organization Overview
Steve & Jenny Kim Foundation is located in La Canada Flintridge, CA. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Steve & Jenny Kim 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 12/2021, Steve & Jenny Kim Foundation generated $80.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $65.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steve & Jenny Kim Foundation has awarded 34 individual grants totaling $1,763,586. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTION BENEFICIARY : JCR FOUNDATION
GRANT BENEFICIARY :CHRISTINE CHUNG
GRANT BENEFICIARY :CARINA HONG
GRANT BENEFICIARY :JUNG WOO SHIN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Hye Kim Trustee | 2 | $50,000 | |
Steve Soong Kim Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| 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 | $80,900 |
| Total Revenue | $80,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $8,500 |
| Pension plans, employee benefits | $0 |
| Interest | $65 |
| Taxes | $5,977 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $65,142 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $65,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,182 |
| 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 | $570,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,860 |
| Total assets | $593,679 |
| 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 | $918 |
| Total liabilities | $918 |
Grants Awarded
Over the last fiscal year, Steve & Jenny Kim Foundation has awarded $1,398,836 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
JCR FOUNDATION PURPOSE: CONTRIBUTION | $1,337,836 |
CARINA HONG PURPOSE: GRANT | $5,000 |
JUNG WOO SHIN PURPOSE: GRANT | $5,000 |
CHRISTINE CHUNG PURPOSE: GRANT | $5,000 |
JASMINE CHUNG PURPOSE: GRANT | $5,000 |
HEE EUN CHUNG PURPOSE: GRANT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |