Kang Dream Foundation
- Assets
- $6.1m
- Revenue
- -$7.3k
- Investments
- $5.6m
- Employees
- 0
- Location
- Los Aneles, CA
- Founding
- 02/2013
- Data as of
- 10/2023
- EIN
- 90-0917579
Organization Overview
Kang Dream Foundation is located in Los Aneles, CA. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kang Dream Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Kang Dream Foundation has awarded 260 individual grants totaling $2,025,800. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTION BENEFICIARY: KOREAN AMERICAN FEDERATION OF LOS ANGELES
CHARITABLE CONTRIBUTION BENEFICIARY: BKOREAN YOUTH COMMUNITY CENTER
CHARITABLE CONTRIBUTION BENEFICIARY: KOREAN AMERICA CHAMBER OF COMMERCE
CHARITABLE CONTRIBUTION BENEFICIARY: KCBC AMERICA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kang President | 5 | $0 | |
Christin Y Kang Secretary | 5 | $0 | |
Daniel Kang Treasurer | 5 | $0 | |
Janet Kang Director | 5 | $0 | |
Sarah Shin Director | 5 | $0 | |
Boomi Han Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $521 |
| Dividends & Interest | $143,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$151,026 |
| Capital Gain Net Income | $59,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$7,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,000 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,909 |
| Contributions, gifts, grants paid | $303,000 |
| Total expenses and disbursements | $334,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,890 |
| 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 | $3,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,137,630 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,097,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $89,461 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,461 |
Grants Awarded
Over the last fiscal year, Kang Dream Foundation has awarded $303,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF BURBANK PURPOSE: CHARITABLE ORGANIZATION | $6,000 |
CARE PROJECTS PURPOSE: EDUCATION | $1,000 |
CERRITOS KOREAN SDA CHURCH PURPOSE: RELIGIOUS ORGANIZATION | $5,400 |
GIVING BAP PURPOSE: TO SUPPORT FEEDING THE HOMLESS | $1,000 |
GLENDALE KOREAN SDA CHURCH PURPOSE: RELIGIOUS ORGANIZATION | $9,600 |
GLORY SAHMYOOK IRVINE PURPOSE: SUPPORT SCHOLARSHIP | $10,000 |