Korean American Community Foundation Of San Francisco
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- San Jose, CA
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 46-5212292
Organization Overview
Korean American Community Foundation Of San Francisco is located in San Jose, 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 12/2023, 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 12/2023, Korean American Community Foundation Of San Francisco generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $915.5k during the year ending 12/2023. While expenses have increased by 20.5% per year over the past 9 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 73 individual grants totaling $2,657,563. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE KOREAN AMERICAN COMMUNITY FOUNDATION OF SAN FRANCISCO UPLIFTS AND CONNECTS THE KOREAN-AMERICAN COMMUNITY THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KACF-SF AWARDED $426,744 IN TOTAL IN GRANTS, SCHOLARSHIP AND EVENT SPONSORSHIPS. THROUGH OUR GRANTEE PARTNERS, 40 KOREAN AMERICANS WERE TREATED WITH MENTAL HEALTH THERAPY, 77 WERE ASSISTED WITH LEGAL SERVICES, 25 SURVIVORS OF DOMESTIC VIOLENCE WERE SUPPORTED, MORE THAN 5000 SENIORS WERE BENEFITED FROM IN-PERSON ESSENTIAL SERVICES, LEADERSHIP DEVELOPMENT, COMMUNITY ENGAGEMENT AND ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Kim E.d. To 12/2023 | Officer | 40 | $217,783 |
So Yong Park Director | Trustee | 0.75 | $0 |
James Kim Director | Trustee | 0.75 | $0 |
Yoon Cho Director | Trustee | 0.75 | $0 |
Sophia Oh-Kim Director | Trustee | 0.75 | $0 |
Thomas Cho Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $817,695 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $548,304 |
| Noncash contributions included in lines 1a–1f | $98,470 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,365,999 |
| Total Program Service Revenue | $0 |
| Investment income | $499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$234,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,144,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,000 |
| 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. | $217,783 |
| Compensation of current officers, directors, key employees. | $28,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,760 |
| Pension plan accruals and contributions | $8,734 |
| Other employee benefits | $7,800 |
| Payroll taxes | $22,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $10 |
| Office expenses | $8,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,489 |
| Travel | $6,476 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,398 |
| All other expenses | $10,918 |
| Total functional expenses | $915,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,702 |
| Savings and temporary cash investments | $2,672,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| 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 | $73,513 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,804 |
| Total assets | $2,913,898 |
| Accounts payable and accrued expenses | $4,902 |
| Grants payable | $315,000 |
| 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 | $1 |
| Total liabilities | $319,903 |
| Net assets without donor restrictions | $2,593,995 |
| Net assets with donor restrictions | $0 |
| 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 | $2,913,898 |
Grants Awarded
Over the last fiscal year, Korean American Community Foundation Of San Francisco has awarded $390,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN AMER COMM INVOLVEMENT PURPOSE: Physical and Mental Health | $130,000 |
ASIAN PAC ISLANDER LEGAL PURPOSE: Legal and Immigration | $30,000 |
EAST BAY KOREAN AM SNR SVCS PURPOSE: Senior Care and Empowerment | $10,000 |
ASIAN WOMENS SHELTER PURPOSE: Safety | $30,000 |
KOR AMER SNR CITIZENS LG PURPOSE: Senior Care and Empowerment | $10,000 |
KOR COMM CTR OF EAST BAY PURPOSE: Senior Care and Empowerment | $90,000 |