EIN 16-1643114

Korean American Community Foundation (KACF)

Name: Korean American Community Foundation (KACF) financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

New York

State

New York

Year formed

2002

Most recent tax filings

2022-12-01

NTEE code, primary

T30: Public Foundations

Description

The Korean American Community Foundation transforms and empowers communities through philanthropy, volunteerism and inter-community bridge building.

Total revenues

$3,884,951

2022

Total expenses

$3,105,762

2022

Total assets

$5,808,291

2022

Num. employees

2022

Program areas at KACF

The Korean-American Community Foundation, Inc. kacf is a non-profit organization that transforms and empowers communities through philanthropy, volunteerism and inter-community bridge building. Kacf pursues these goals through grantmaking that promotes self-sufficiency for the underserved and under-resourced, through raising awareness of needs and issues, and by fostering a culture of giving.

Grants made by KACF

Grantee	Grant description	Grant year	Amount
Community Resource Exchange (CRE)	Capacity Building Fellowship	2022-12	$218,000
Asian American Federation	Demographics and Civic Eng. Reports	2022-12	$180,000
Communities Resist	Community-Based Legal Services	2022-12	$100,000
...and 19 more grants made totalling $1,826,000

Who funds Korean American Community Foundation (KACF)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Fidelity Investments Charitable Gift Fund	2022-06	For Grant Recipient's Exempt Purposes	$821,500
Fidelity Investments Charitable Gift Fund	2022-06	For Grant Recipient's Exempt Purposes	$821,500
American Online Giving Foundation	2023-03	General Support	$587,429
...and 23 more grants received totalling $3,026,954

Personnel at KACF

Name	Title	Compensation	Date of data
Brennan Gang	Vice President of Programs Operatio		2022-11-15
Kyung Yoon	President	$246,957	2023-11-15
Michael K Chung	Director / Secretary / Board Member	$0	2022-12-31
David H Lee	Treasurer / Board Member	$0	2022-12-31
Brennan Gang Vice President	Of Programs Operations	$188,967	2022-12-31
...and 2 more key personnel

Financials for KACF

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$3,920,331	$3,515,879	11.5%
Program services	$50,270	$0	999%
Investment income and dividends	$13,437	$5,514	143.7%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-38,292	$51	-75182.4%
Net income from fundraising events	$-77,254	$4,949	-1661%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$11,459	$0	999%
Miscellaneous revenues	$5,000	$6,152	-18.7%
Total revenues	$3,884,951	$3,532,545	10%

Form 990s for KACF

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2022-01-13	990	View PDF
2019-12	2022-01-18	990	View PDF
2018-12	2019-08-15	990	View PDF
...and 8 more Form 990s

Organizations like KACF

Organization	Type	Location	Revenue
Wellstar Foundation	501(c)(3)	Marietta, GA	$14,916,009
National Education Association Foundation (NEAF)	501(c)(3)	Washington, DC	$3,234,576
The Nascar Foundation	501(c)(3)	Daytona Beach, FL	$3,918,753
The Emeril Lagasse Foundation	501(c)(3)	New Orleans, LA	$2,987,060
New World Foundation	501(c)(3)	New York, NY	$12,484,284
Travis Manion Foundation (TMF)	501(c)(3)	Doylestown, PA	$11,589,491
MBCH Foundation	501(c)(3)	Bridgeton, MO	$1,947,798
Liberty Hospital Foundation	501(c)(3)	Liberty, MO	$1,188,768
The Memorial Health System Foundation	501(c)(3)	Colorado Springs, CO	$1,445,994
Sutter Auburn Faith Hospital Foundation	501(c)(3)	Sacramento, CA	$991,664

Data update history

May 18, 2024

Received grants

Identified 11 new grant, including a grant for $250,000 from Citi Foundation

January 7, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 6, 2024

Updated personnel

Identified 1 new personnel

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

October 25, 2023

Received grants

Identified 14 new grant, including a grant for $250,000 from Citi Foundation

Nonprofit Types

Grantmaking organizationsHeadquarter / parent organizationsCharities

Issues

No issues found

Characteristics

Provides grantsFundraising eventsNational levelEndowed supportGala fundraisersTax deductible donations

General information

Address: 135 E 64th St 2nd Floor; New York, NY 10065
Metro area: New York-Newark-Jersey City, NY-NJ-PA
County: New York County, NY
Website URL: kacfny.org/
Phone: (646) 878-9427
Facebook page: KACFNY
Twitter profile: @kacf

IRS details

EIN: 16-1643114
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2002
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T30: Public Foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Korean American Community Foundation (KACF)

Program areas at KACF

Grants made by KACF

Who funds Korean American Community Foundation (KACF)

Personnel at KACF

Financials for KACF

Form 990s for KACF

Organizations like KACF

Nonprofits

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