Grace Korean Foundation
- Assets
- $22.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Valencia, CA
- Founding
- 07/2018
- Data as of
- 06/2022
- EIN
- 82-2837359
Organization Overview
Grace Korean Foundation is located in Valencia, CA. The organization was established in 2018. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Korean 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 06/2022, Grace Korean Foundation generated $8.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $2.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (40.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TEACH KOREAN LANGUAGES AND CULTURE TO 180 HISPANIC STUDENTS IN THE COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yunsook Hong President | 10 | $0 | |
Jungwoo Kim Secretary | 5 | $0 | |
Moonsu Song Financial Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,535 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,535 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $580 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,500 |
| Total expenses | $2,080 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,600 |
| Other assets | $0 |
| Total assets | $22,600 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grace Korean Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Robin-Hwajin Yoon Kim Foundation Los Angeles, CA PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Autism Center Of Education Santa Clara, CA | $21,935,291 | $13,847,964 |
Arizona Autism Charter Schools Inc Phoenix, AZ | $13,345,607 | $11,054,337 |
Bridges Academy Studio City, CA | $15,095,865 | $10,757,006 |
Gompers Phoenix, AZ | $18,286,874 | $10,952,471 |
Assets School Honolulu, HI | $29,350,739 | $10,858,240 |
Sterne School San Francisco, CA | $18,379,855 | $8,174,106 |
Echo Foundation Culver City, CA | $8,669,107 | $7,213,009 |
Valley Achievement Center Bakersfield, CA | $7,936,841 | $9,263,465 |
St Madeleine Sophies Training Center El Cajon, CA | $15,337,811 | $9,937,598 |
Park Century School Culver City, CA | $27,759,226 | $8,451,125 |
Tulare Youth Service Bureau Tulare, CA | $7,179,443 | $6,772,712 |
New Way Academy Phoenix, AZ | $6,840,428 | $8,782,802 |