NonprofitsKorean American Foundation

Community Foundations

Korean American Foundation

LOS ANGELES, CA

Total revenue

$1.0M

Total expenses

$452K

Net assets

$4.4M

Grants received

$5.5M

24 grants

EIN

832513160

Tax year

2023

Mission

Our mission is to help strengthen communities, with a particular focus on the Korean American community, and build a brighter future for all residents of Southern California (the "Community"), by (i) seeking to improve life for all residents, especially those who are most vulnerable; (ii) promoting philanthropy and acting as an effective steward of charitable funds; and (iii) collaborating with community based organizations to build their capacity to increase their effectiveness and ensure their sustainability.

Programs

19 programs

KAF provides fundholder services, assisting with gift administration and providing expertise based on the donor's philanthropic interests.

Activity Classification: Charitable GrantGrantee Name: PAVA WorldGrantee Address: 3470 Wilshire Blvd. #612, Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 10/13/2023

Expenses: $5KGrants: $5K

Activity Classification: Charitable GrantGrantee Name: Turbo Charitable FoundationGrantee Address: 12 Upper Blackwater Canyon Rd. Rolling Hills, CA 90274Grantee Relationship: NoneProperty Description: CashDate of Gift: 11/04/2023

Expenses: $5KGrants: $5K

Activity Classification: Charitable GrantGrantee Name: Korean American Special Education CenterGrantee Address: 1233 S. Western Ave. Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 11/20/2023

Expenses: $100KGrants: $100K

Activity Classification: Charitable GrantGrantee Name: Koreatown Youth and Community CenterGrantee Address: 3727 W. 6th St., Suite 300, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023

Expenses: $10KGrants: $10K

Activity Classification: Charitable GrantGrantee Name: Korea Town Senior and Community CenterGrantee Address: 965 Normandie Ave STE 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023

Expenses: $50KGrants: $50K

Activity Classification: Charitable GrantGrantee Name: Korea Town Senior and Community CenterGrantee Address: 965 Normandie Ave STE 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023

Expenses: $10KGrants: $10K

Activity Classification: Charitable GrantGrantee Name: Korea Town Senior and Community CenterGrantee Address: 965 Normandie Ave STE 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/18/2024

Expenses: $10KGrants: $10K

Activity Classification: Charitable GrantGrantee Name: Seesaw Communities IncGrantee Address: 5681 Beach Blvd #100 Buena Park, CA 90621Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $5KGrants: $5K

Activity Classification: Charitable GrantGrantee Name: Vision Care Service WestGrantee Address: P. O. Box 743219 Los Angeles, CA 90004Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $5KGrants: $5K

Activity Classification: Charitable GrantGrantee Name: Korean American Story IncGrantee Address: 4 Cherry Lane, Scarsdale, NY 10583Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $20KGrants: $20K

Activity Classification: Charitable GrantGrantee Name: Anderson Munger Family YMCAGrantee Address: 4301 W 3rd St, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $20KGrants: $20K

Activity Classification: Charitable GrantGrantee Name: Korean American CoalitionGrantee Address: 3727 West 6th Street Suite 305, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $20KGrants: $20K

Activity Classification: Charitable GrantGrantee Name: Korean American Family ServicesGrantee Address: 3727 W 6th Street Suite 320, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $20KGrants: $20K

Activity Classification: Charitable GrantGrantee Name: Faith and Community EmpowermentGrantee Address: 3435 Wilshire Boulevard, Suite 350, Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $5KGrants: $5K

Activity Classification: Charitable GrantGrantee Name: Zion Mountain FoundationGrantee Address: 685 N. 13th Ave. STE 1 Upland, CA 91786Grantee Relationship: NoneProperty Description: CashDate of Gift: 03/15/2024

Expenses: $20KGrants: $20K

Activity Classification: Charitable GrantGrantee Name:Korean American Chamber of CommerceGrantee Address: 3435 Wilshire Blvd # 2450, Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 03/15/2024

Expenses: $5KGrants: $5K

Activity Classification: Charitable GrantGrantee Name: Koreatown Senior & Community CenterGrantee Address: 981 S. Western Ave, Suite 100, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/01/2023

Expenses: $10KGrants: $10K

Activity Classification: Charitable GrantGrantee Name: Koreatown Youth and Community CenterGrantee Address: 3727 W. 6th St., Suite 300, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/19/2023

Expenses: $10KGrants: $10K

Financials

FY 2023

Revenue

Contributions & grants$917K
Program service revenue
Investment income$133K
Other revenue$33
Total revenue$1.0M

Expenses

Grants paid$330K
Salaries & benefits$15K
Fundraising
Other expenses$106K
Total expenses$452K
Total assets$4.4M
Net assets$4.4M

People

10 listed

NameRoleCompensation

JOHN LIM

SECRETARY

Board

0

KEVIN KANG

CHIEF EXECUTIVE OFFICER/CHAIRMAN

Board

0

DAVID LEE

BOARD MEMBER

Board

0

ROBIN KIM

BOARD MEMBER

Board

0

THOMAS HAN

BOARD MEMBER

Board

0

JERRY KANG

BOARD MEMBER

Board

0

ALBERT JANG

CHIEF FINANCIAL OFFICER/TREASURER

Board

0

KAE H KO

BOARD MEMBER/ INTERIM EXECUTIVE DIRECTOR

Board

0

JOANNE KIM

BOARD MEMBER

Board

0

TERRI MOSQUEDA

BOARD MEMBER

Board

0

Grants received

Showing 24 of 24

FromAmountPurposeYear
$1K
COMMUNITY OUTREACH
2024
$100K
HUMAN SERVICES
2023
$100K
PHILANTHROPIC ACTIVITY
2023
$50K
COMMUNITY FOUNDATION
2023
$30K
CHARITABLE PURPOSE
2023
$30K
SPECIAL INTEREST IN THE WELFARE OF THE KOREAN AMERICAN COMMUNITY
2023
$5K
SUPPORT KOREAN-AMERICAN COMMUNITY
2023
$60K
CHARITABLE ORGANIZATION
2022
$20K
SPECIAL INTEREST IN THE WELFARE OF THE KOREAN AMERICAN COMMUNITY
2022
$2M
For grant recipient's exempt purposes
2021
$2M
For grant recipient's exempt purposes
2021
$100K
CHARITABLE ORGANIZATION
2021
$40K
PUBLIC, SOCIETAL BENEFIT
2021
$100K
CHARITABLE PURPOSE
2020
$200
GENERAL SUPPORT
2020

Funded by

$5.5M from 15 funders · 24 grants · 2020–2024

The Robin-Hwajin Yoon Kim Foundation

$465K · 4 grants · 2021–2024

Scott And Christina Yang Foundation

$285K · 3 grants · 2022–2024

Kang Dream Foundation

$160K · 2 grants · 2021–2022

Youngbum Song Foundation

$130K · 2 grants · 2020–2023

California Community Foundation

$100K · 1 grant · 2023

National Philanthropic Trust

$100K · 1 grant · 2023

Details

EIN832513160
NTEE codeT31
Subsection03
Ruling date2019-07
Formed2018
Employees0
Volunteers0
KOREAN AMERICAN FOUNDATION — Mission, Financials & Grants Received | Grantivo