Kim Seong Choo & Myung Hee Foundation
- Assets
- $382.2k
- Revenue
- $12.9k
- Investments
- $377.6k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-5491769
Organization Overview
Kim Seong Choo & Myung Hee Foundation is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kim Seong Choo & Myung Hee 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 12/2022, Kim Seong Choo & Myung Hee Foundation generated $12.9k 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 (69.1%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myung Hee Kim President | 1 | $0 | |
Abraham Kim Treasurer | 1 | $0 | |
Joseph Kim Vice President | 1 | $0 | |
Jennifer Kim Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,356 |
| Capital Gain Net Income | $11,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $4,475 |
| Contributions, gifts, grants paid | $10,800 |
| Total expenses and disbursements | $15,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,599 |
| 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 | $382,178 |
| 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, Kim Seong Choo & Myung Hee Foundation has awarded $10,800 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BETTER TOGETHER FOREVER PURPOSE: TO HELP PET PARENTS IN L.A. COMMUNITIES THAT ARE UNDER-SERVED & UNDER-RESOURCED ACCESS VALUABLE SERVICES | $800 |
DIRECT RELIEF PURPOSE: TO IMPROVE THE HEALTH AND LIVES OF PEOPLE AFFECTED BY POVERTY | $5,000 |
WORLD CENTRAL KITCHEN PURPOSE: TO PROVIDE MEALS IN RESPONSE TO HUMANITARIAN, CLIMATE, AND COMMUNITY | $5,000 |