The Steve Y Kim Foundation
- Assets
- $22.2m
- Revenue
- $9.0m
- Investments
- $8.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 95-4748701
Organization Overview
The Steve Y Kim Foundation is located in Los Angeles, CA. The organization was established in 2000. 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. Steve Y 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 12/2023, Steve Y Kim Foundation generated $9.0m in total revenue. All expenses for the organization totaled $1.9m during the year ending 12/2023.
Since 2016, Steve Y Kim Foundation has awarded 111 individual grants totaling $12,562,165. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Y Kim President | 12 | $0 | |
Hwa Seel Lee Secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,000,820 |
| Dividends & Interest | $280,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,722,428 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,003,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $497,519 |
| Taxes | $42,168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $111,011 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $703,410 |
| Contributions, gifts, grants paid | $1,169,059 |
| Total expenses and disbursements | $1,872,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,321,184 |
| 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 | $12,188,598 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,368,539 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $300,000 |
| Total assets | $22,178,321 |
| 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 | $63 |
| Total liabilities | $63 |
Grants Awarded
Over the last fiscal year, The Steve Y Kim Foundation has awarded $1,169,059 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
DREAM HOPE FUTURE FOUNDATION PURPOSE: SPONSORSHIP | $950,000 |
SCV BOYS GIRLS CLUB PURPOSE: SPONSORSHIP | $10,000 |
SCV SENIOR CENTER PURPOSE: SPONSORSHIP | $10,000 |
SANTA CLARITA VALLEY CHAMBER OF COM PURPOSE: SPONSORSHIP | $11,000 |
BRIDGE TO HOME SCV PURPOSE: SPONSORSHIP | $10,000 |
MICHAEL HOEFFLIN FOUNDATION PURPOSE: SPONSORSHIP | $5,000 |