Korean American Community Foundation Of San Francisco
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Oakland, CA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 46-5212292
Organization Overview
Korean American Community Foundation Of San Francisco is located in Oakland, CA. The organization was established in 2015. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Korean American Community Foundation Of San Francisco employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Community Foundation Of San Francisco 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 Community Foundation Of San Francisco generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $765.6k during the year ending 12/2021. While expenses have increased by 23.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Korean American Community Foundation Of San Francisco has awarded 53 individual grants totaling $1,840,812. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KACF-SF STRIVES TO BUILD A VIBRANT, HEALTHY, AND EMPOWERED KOREAN AMERICAN COMMUNITY IN THE BAY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, KACF-SF AWARDED 14 GRANTS, TOTALING NEARLY $350,000 TO NONPROFIT ORGANIZATIONS PROVIDING CRITICAL SERVICES. 10,000+ COMMUNITY MEMBERS DIRECTLY REACHED THROUGH OUR GRANT-FUNDED PROGRAMS, 220 CAREGIVERS AND SENIORS CONNECTED TO RECEIVE DIRECT SOCIAL SERVICE SUPPORTS. 770 INDIVIDUALS RECEIVED COUNSELING AND/OR LINKAGES TO RELEVANT MENTAL HEALTH RESOURCES. 10 COMMUNITY MEMBERS EDUCATED TO IDENTIFY AND RESPOND TO DOMESTIC VIOLENCE IN THE COMMUNITY AND 95 LEGAL PERMANENT RESIDENTS ASSISTED THROUGH THE NATURALIZATION PROCESS TO BECOME US CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lina Park Executive Dir. | Officer | 40 | $92,100 |
Andrew Kim Secretary | Officer | 0.75 | $0 |
Perry Ha Chair | Officer | 5 | $0 |
Dennis Kwon Treasurer | Officer | 0.75 | $0 |
Timothy Hyojun Kim E.d. As Of 9/22 | Officer | 0 | $0 |
So Yong Park Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $646,140 |
| Related organizations | $0 |
| Government grants | $103,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,010,577 |
| Noncash contributions included in lines 1a–1f | $104,081 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,760,517 |
| Total Program Service Revenue | $0 |
| Investment income | $517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$73,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,687,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $329,502 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,100 |
| Compensation of current officers, directors, key employees. | $11,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,589 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,682 |
| Payroll taxes | $19,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,930 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,482 |
| Royalties | $0 |
| Occupancy | $12,719 |
| Travel | $3,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $5,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,166 |
| All other expenses | $17,909 |
| Total functional expenses | $765,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,301,951 |
| Savings and temporary cash investments | $270,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,720 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,603,716 |
| Accounts payable and accrued expenses | $12,726 |
| Grants payable | $117,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$12,678 |
| Total liabilities | $117,548 |
| Net assets without donor restrictions | $531,294 |
| Net assets with donor restrictions | $954,874 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,603,716 |
Grants Awarded
Over the last fiscal year, Korean American Community Foundation Of San Francisco has awarded $319,502 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
San Leandro, CA PURPOSE: Senior Care and Empowerment | $100,000 |
San Jose, CA PURPOSE: Physical and Mental Health | $67,630 |
San Francisco, CA PURPOSE: Safety | $30,000 |
San Jose, CA PURPOSE: Senior Care and Empowerment | $30,000 |
San Francisco, CA PURPOSE: Legal and Immigration | $30,000 |
San Jose, CA PURPOSE: Mental Health | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Korean American Community Foundation Of San Francisco has recieved totaling $346,300.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $205,424 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Invest In Others Charitablefoundation Inc Andover, MA PURPOSE: NO ROOM FOR HATE | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,276 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $15,850 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $15,000 |
Endowment Analysis
| Beg. Balance | $165,138 |
| Net Contributions | $881,857 |
| Grants | $18,808 |
| Ending Balance | $1,028,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Organization Hillsboro, OR | $9,293,035 | $68,982,950 |
Southwest Human Development Phoenix, AZ | $53,445,155 | $65,223,466 |
Ability360 Inc Phoenix, AZ | $68,855,919 | $48,717,728 |
Easter Seals Blake Foundation Tucson, AZ | $8,663,056 | $37,896,300 |
Step Up On Second Street Inc Santa Monica, CA | $38,348,569 | $38,612,363 |
San Diego Center For Children San Diego, CA | $18,954,388 | $27,147,976 |
United Cerebral Palsy Of Southern Arizona Inc Tucson, AZ | $12,231,296 | $20,624,462 |
California Communications Access Foundation Oakland, CA | $50,718,300 | $18,764,665 |
Trybe Inc Oakland, CA | $6,930,985 | $20,805,295 |
Abilityfirst Pasadena, CA | $111,544,893 | $16,944,443 |
Advocates For Life Skills And Opportunity Inc Portland, OR | $15,204,732 | $15,008,329 |
Acociacion Nacional Pro Personas Mayores Pasadena, CA | $7,509,911 | $13,337,051 |