NonprofitsKorean-American Community Foundation Inc

Community Foundations

Korean-American Community Foundation Inc

NEW YORK, NY

Total revenue

$8.5M

Total expenses

$6.3M

Net assets

$5.8M

Grants received

$11.7M

119 grants

EIN

161643114

Tax year

2024

Mission

Kacf provides grants and capacity building assistance to organizations working to address the most pressing needs in the korean american community and beyond.

Financials

FY 2024

Revenue

Contributions & grants$8.2M
Program service revenue
Investment income$404K
Other revenue
Total revenue$8.5M

Expenses

Grants paid$4.5M
Salaries & benefits$1.3M
Fundraising$487K
Other expenses$585K
Total expenses$6.3M
Total assets$10.4M
Net assets$5.8M

People

21 listed

NameRoleCompensation

KYUNG B YOON

PRESIDENT CEO

Board

$262K

40 hrs/wk

BRENNAN GANG VICE PRESIDENT

OF PROGRAMS OPERATIONS

Board

$198K

40 hrs/wk

S STEVEN YANG

DIRECTOR

Board

0.25 hrs/wk

LISA KIM

DIRECTOR

Board

0.25 hrs/wk

CHUL PAK - RESIGNED ON JUNE 2024

DIRECTOR

Board

0.25 hrs/wk

JEANNIE PARK

CHAIR

Board

2 hrs/wk

RICHARD PARK

DIRECTOR

Board

0.25 hrs/wk

MICHAEL K CHUNG

DIRECTOR

Board

0.25 hrs/wk

JUDY KIM

DIRECTOR

Board

0.25 hrs/wk

DAVID H LEE

TREASURER

Board

1 hrs/wk

DAVID K PARK

SECRETARY

Board

1 hrs/wk

CATHY OH

DIRECTOR

Board

0.25 hrs/wk

PRISCA BAE - RESIGNED ON JUNE 2024

DIRECTOR

Board

0.25 hrs/wk

CHRIS PARK

DIRECTOR

Board

0.25 hrs/wk

JAMES SEO

DIRECTOR

Board

0.25 hrs/wk

EDWARD J LEE

DIRECTOR

Board

0.25 hrs/wk

MICHAEL PARK

DIRECTOR

Board

0.25 hrs/wk

JUMEE SONG

DIRECTOR

Board

0.25 hrs/wk

JOSEPHINE SHIN

DIRECTOR

Board

0.25 hrs/wk

SUE KIM

DIRECTOR

Board

0.25 hrs/wk

PHIL LEE

DIRECTOR

Board

0.25 hrs/wk

Grants received

Showing 119 of 119

FromAmountPurposeYear
$100K
KOREAN IMMIGRANT
2024
$93K
General operating support
2024
$55K
COMMUNITY & HUMAN SERVICES
2024
$35K
GENERAL SUPPORT
2024
$25K
THE GIVING SUMMIT 2024, ITS NATIONAL CONFERENCE, IN LOS ANGELES.
2024
$15K
GIVING AND GENEROSITY
2024
$15K
PHILANTHROPY
2024
$8K
GENERAL SUPPORT
2024
$6K
MATCHING GIFTS
2024
$5K
UNRESTRICTED GENERAL FUND
2024
$4K
DISCRETIONARY GRANTS
2024
$3K
Support for the Giving Summit being held September 14, 2024 in Los Angeles, CA
2024
$5.2M
For grant recipient's exempt purposes
2023
$250K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$102K
General operating support
2023
$88K
PUBLIC, SOCIETAL BENEFIT
2023
$50K
RAISING FUNDS FOR PROGRAMS SERVING UNDER-RESOURCED KOREAN AMERICAN INDIVIDUALS AND FAMILIES, WHILE ALSO MOBILIZING COMMUNITY MEMBERS TO ENGAGE IN A CULTURE OF GIVING
2023
$50K
COMMUNITY & HUMAN SERVICES
2023
$45K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
$25K
PUBLIC, SOCIETAL BENEFIT
2023
$21K
CHARITABLE DONATION
2023
$15K
TO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE
2023
$15K
CHARITABLE
2023
$15K
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE
2023
$15K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$15K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$10K
PHILANTHROPY
2023
$3K
Charitable Event
2023
$3K
UNRESTRICTED GENERAL FUND
2023
$1K
MATCHING GIFTS
2023
$1K
General & Unrestricted
2023
$723K
For grant recipient's exempt purposes
2022
$250K
COMMUNITY PROGRESS MAKERS
2022
$75K
General & Unrestricted
2022
$50K
COMMUNITY & HUMAN SERVICES
2022
$46K
PUBLIC, SOCIETAL BENEFIT
2022
$36K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2022
$18K
PHILANTHROPY
2022
$15K
GENERAL SUPPORT
2022
$15K
CHARITABLE
2022
$15K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$15K
PUBLIC, SOCIETAL BENEFIT
2022
$14K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2022
$10K
FOR ITS GIVING SUMMIT 2022.
2022
$10K
COMMUNITY & HUMAN SERVICES
2022
$10K
GENERAL OPERATING SUPPORT
2022
$10K
WORKING TO ADDRESS THE MOST PRESSING NEEDS IN THE KOREAN-AMERICAN COMMUNITY AND BEYOND. TO THE SUPPORTERS; KACF PROVIDES A WAY TO MAGNIFY THE IMPACT OF THEIR GIVING AND TO BUILD BRIDGES ACROSS GENERATIONS & COMMUNITIES
2022
$8K
CHARITABLE DONATION
2022
$7K
MATCHING GIFTS
2022
$5K
FOR THE GIVING SUMMIT
2022
$5K
TO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE
2022
$3K
MATCHING GIFT PROGRAM
2022
$1K
MATCHING GIFT PROGRAM
2022
$100
GENERAL OPERATING SUPPORT
2022
$822K
For grant recipient's exempt purposes
2021
$822K
For grant recipient's exempt purposes
2021
$141K
PUBLIC, SOCIETAL BENEFIT
2021
$70K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2021
$50K
GENERAL PURPOSE
2021
$33K
PUBLIC, SOCIETAL BENEFIT
2021
$25K
Charitable Event
2021
$25K
General & Unrestricted
2021
$13K
For recipient's exempt purpose
2021
$11K
GENERAL SUPPORT
2021
$9K
CHARITABLE DONATION
2021
$5K
General & Unrestricted
2021
$1K
Charitable Event
2021
$700
PHILANTHROPY, VOLUNTARISM AND GRANTMAKING
2021
$300
PHILANTHROPY, VOLUNTARISM AND GRANTMAKING
2021
$288K
For grant recipient's exempt purposes
2020
$111K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2020
$64K
PUBLIC, SOCIETAL BENEFIT
2020
$60K
CAPACITY BUILDING FOR COVID-19 RESPONSE
2020
$51K
COMMUNITY & HUMAN SERVICES
2020
$35K
PUBLIC, SOCIETAL BENEFIT
2020
$20K
TO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE
2020
$15K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$15K
General & Unrestricted
2020
$12K
General support
2020
$10K
KACF COVID-19 COMMUNITY ACTION FUND SUPPORT.
2020
$5K
GENERAL SUPPORT
2020
$5K
General & Unrestricted
2020
$5K
UNRESTRICTED GENERAL SUPPORT
2020
$1K
COMMUNITY OUTREACH
2020
$1K
COVID 19 community action fund
2020
$117K
For grant recipient's exempt purposes
2019
$50K
COMMUNITY & HUMAN SERVICES
2019
$49K
PUBLIC, SOCIETAL BENEFIT
2019
$34K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2019
$30K
Operating Support/Annual Fund
2019
$10K
UNRESTRICTED GENERAL SUPPORT
2019
$10K
COMMUNITY & HUMAN SERVICES
2019
$10K
General support
2019
$10K
INTERNATIONAL HUMANITARIAN PROGRAMS
2019
$10K
GENERAL FUNDS
2019
$20
GENERAL OPERATING SUPPORT
2019
$50K
GENERAL SUPPORT
2018
$15K
PUBLIC, SOCIETAL BENEFIT
2018
$14K
For grant recipient's exempt purposes
2018
$10K
General Support
2018
$5K
Charitable Event
2018
$2K
GENERAL OPERATING SUPPORT
2018
$1K
COMMUNITY OUTREACH
2018
$1K
GENERAL CHARITABLE PURPOSES
2018
$69K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$11K
HUMAN SERVICES
2017

Funded by

$11.7M from 51 funders · 119 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$8.0M · 8 grants · 2017–2023

American Online Giving Foundation Inc

$708K · 6 grants · 2019–2024

The Goldman Sachs Charitable Gift Fund

$314K · 8 grants · 2019–2023

Gs Donor Advised Philanthropy Fund

$306K · 6 grants · 2018–2024

National Philanthropic Trust

$290K · 5 grants · 2017–2023

Citi Foundation

$250K · 1 grant · 2022

Tides Center

$250K · 1 grant · 2023

Donor Advised Charitable Giving Inc

$231K · 6 grants · 2018–2023

Details

EIN161643114
NTEE codeT31
Subsection03
Ruling date2003-02
Formed2002
Employees10
Volunteers72
KOREAN-AMERICAN COMMUNITY FOUNDATION INC — Mission, Financials & Grants Received | Grantivo