NonprofitsInstitute Of Asian Culture & Development

Religion-Related

Institute Of Asian Culture & Development

VALENCIA, CA

Total revenue

$4.6M

Total expenses

$2.6M

Net assets

$2.0M

Grants received

$3.7M

31 grants

EIN

954612128

Tax year

2024

Mission

Christian missionary support support christian missionaries serve in under-developed asian countires in financially and spiritually.

Programs

2 programs

Member conference: educate members of the cause of missionary works and envision the members for their participation based on the biblical teaching of mathew 28: 19-20

Expenses: $481K

Education program: iacd planned to setup a shelter for returning missionary who planned stay at project site for short term basis, but missionaries stay at project site more than 5 years that returning missionaries are having hard time to adopt old home environment. Iacd recognized the need establishing a shelter for those missionaries to train and reshape old skilled to go back to their original homeland, iacd had decided to set the center in south korea.

Expenses: $340K

Financials

FY 2024

Revenue

Contributions & grants$13K
Program service revenue$4.6M
Investment income
Other revenue
Total revenue$4.6M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$2.6M
Total expenses$2.6M
Total assets$2.0M
Net assets$2.0M

People

3 listed

NameRoleCompensation

MI LEE

PRESIDENT

Board

20 hrs/wk

YEO KIM

SECRETARY

Board

20 hrs/wk

GYU CHO

CFO

Board

10 hrs/wk

Grants received

Showing 31 of 31

FromAmountPurposeYear
$30K
COMMUNITY DEVELOPMENT
2024
$2K
Missionary Support
2024
$76K
MISSION WORKS
2023
$29K
For grant recipient's exempt purposes
2023
$6K
Missionary Support
2023
$551K
For grant recipient's exempt purposes
2022
$120K
TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION
2022
$7K
Global healthcare
2022
$6K
Missionary Support
2022
$1.1M
For grant recipient's exempt purposes
2021
$1.1M
For grant recipient's exempt purposes
2021
$26K
Global healthcare
2021
$90K
For grant recipient's exempt purposes
2020
$50K
TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION
2020
$3K
GENERAL SUPPORT
2020
$40K
GENERAL SUPPORT
2019
$31K
Global healthcare
2019
$12K
RELIGION RELATED
2019
$12K
For grant recipient's exempt purposes
2019
$46K
TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION
2018
$34K
Global healthcare
2018
$11K
RELIGION RELATED
2018
$9K
For grant recipient's exempt purposes
2018

Funded by

$3.7M from 10 funders · 31 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$2.8M · 7 grants · 2018–2023

Natl Christian Charitable Fdn Inc

$353K · 5 grants · 2020–2024

Dream Blue Foundation

$216K · 3 grants · 2018–2022

Kingsway Charities Inc

$97K · 4 grants · 2018–2022

Rejoice Care Foundation

$76K · 1 grant · 2023

Donor Advised Charitable Giving Inc

$48K · 3 grants · 2017–2019

Thrivent Charitable Impact & Investing

$42K · 2 grants · 2023–2024

Communitygiving

$40K · 1 grant · 2019

Details

EIN954612128
NTEE codeX200
Subsection03
Ruling date1998-04
Formed1996
Employees0
Volunteers300
INSTITUTE OF ASIAN CULTURE & DEVELOPMENT — Mission, Financials & Grants Received | Grantivo