Intercontinental Foundation Inc
- Assets
- $972.4k
- Revenue
- $120.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-5586921
Organization Overview
Intercontinental Foundation Inc is located in Atlanta, GA. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Intercontinental Foundation Inc 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, Intercontinental Foundation Inc generated $120.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $70.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Intercontinental Foundation Inc has awarded 35 individual grants totaling $204,357. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THOSE IN FINANCIAL NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chong W Chun Chairman | 2 | $0 | |
Dong W Kim Treasurer | 2 | $0 | |
Dong Won Shin Secretaty | 2 | $0 | |
Grace Shim Director | 0 | $0 | |
Claire D Lim Director | 0 | $0 | |
Joseph Woo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $0 |
| 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 | $120,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,572 |
| Total operating and administrative expenses | $4,722 |
| Contributions, gifts, grants paid | $65,450 |
| Total expenses and disbursements | $70,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,369 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $972,369 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Intercontinental Foundation Inc has awarded $65,450 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE OF AGRI LEADERSHIP INC PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $1,250 |
SOO WAN PARK PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $11,000 |
GUOZHEN ZHANG PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $3,000 |
GUANGLU LIU PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $1,000 |
HANGYOON CHO PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $6,600 |
HYUN KIM PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $6,000 |