Dragon Kim Foundation
- Assets
- $713.6k
- Revenue
- $676.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tustin, CA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 47-5197030
Organization Overview
Dragon Kim Foundation is located in Tustin, CA. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Dragon 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, Dragon Kim Foundation generated $676.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $447.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALL KIDS DESERVE OPPORTUNITIES TO FIND AND EXPLORE THEIR INTERESTS SO THAT THEY CAN LEAD AMAZING LIVES. OUR MISSION IS TO PROVIDE FUNDING AND PROGRAMS TO ENABLE CHILDREN TO PURSUE THEIR PASSIONS WITHIN ACADEMICS, ATHLETICS, AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FELLOWSHIP PROGRAM TEACHES HIGH SCHOOL STUDENTS HOW TO SHARE THEIR PASSIONS AND HELP OTHERS BY CREATING A COMMUNITY SERVICE PROJECT. WE PUT THEM THROUGH AN INCUBATOR WHERE WE PROVIDE LEADERSHIP AND BUSINESS SKILLS TRAINING, WE MATCH THEM WITH BUSINESS MENTORS TO PLAN THEIR PROJECTS, AND WE PROVIDE A GRANT OF UP TO $5K TO FUND THEIR PROJECT.
THE MUSIC PROGRAM SERVES 60+ ELEMENTARY SCHOOL STUDENTS FROM THE LOCAL COMMUNITIES, CHILDREN THAT OTHERWISE WOULDN'T HAVE THE OPPORTUNITY TO HAVE THESE MUSIC LESSONS FROM PROFESSIONAL INSTRUCTORS.
SCHOLARSHIPS ARE PROVIDED TO TWO RECIPIENTS EACH YEAR, TO STUDENTS THAT ARE ENROLLED AT A FOUR YEAR COLLEGE AND REMAIN ENROLLED IN GOOD STANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Kim Executive Director | OfficerTrustee | 50 | $63,740 |
Thao Ngo Treasurer | OfficerTrustee | 3 | $0 |
Daniel Kim Chairman | OfficerTrustee | 10 | $0 |
Stacy Handley Secretary | OfficerTrustee | 3 | $0 |
Teren Shaffer Board Member | Trustee | 3 | $0 |
Bill Tate Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,987 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,917 |
| Noncash contributions included in lines 1a–1f | $3,020 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,904 |
| Total Program Service Revenue | $0 |
| Investment income | $368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $676,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $15,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,740 |
| Compensation of current officers, directors, key employees. | $19,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,292 |
| Advertising and promotion | $16,592 |
| Office expenses | $16,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,140 |
| Travel | $7,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,261 |
| Insurance | $2,213 |
| All other expenses | $0 |
| Total functional expenses | $447,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,087 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,300 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,221 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $713,608 |
| Accounts payable and accrued expenses | $6,099 |
| Grants payable | $0 |
| 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 | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $26,099 |
| Net assets without donor restrictions | $687,509 |
| 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 | $713,608 |
Grants Awarded
Over the last fiscal year, Dragon Kim Foundation has awarded $8,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVIA MAZZUCATO PURPOSE: SCHOLARSHIP | $2,500 |
EVE LA PUMA PURPOSE: SCHOLARSHIP | $2,500 |
CTY PURPOSE: SCHOLARSHIP | $2,500 |
PIONEER MIDDLE SCHOOL PURPOSE: SCHOLARSHIP | $600 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Dragon Kim Foundation has recieved totaling $162,636.
| Awarding Organization | Amount |
|---|---|
Henry L Guenther Foundation Seal Beach, CA PURPOSE: TO SUPPORT THE YOUTH EMPOWERMENT, EXPLORATION, AND ENRICHMENT PROGRAM. | $50,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: TO SUPPORT THE YOUTH EMPOWERMENT, EXPLORATION, AND ENRICHMENT PROGRAM. | $50,000 |
Devto Support Foundation Newport Beach, CA PURPOSE: EDUCATION/ENRICHMENT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,286 |
O L Halsell Foundation Costa Mesa, CA PURPOSE: OPERATING FUNDS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |