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EIN 16-1643114

Korean American Community Foundation (KACF)

IRS 501(c) type
501(c)(3)
Num. employees
8
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
8
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

GranteeGrant descriptionAmount
Community Resource Exchange (CRE)Capacity Building Fellowship$218,000
Asian American FederationDemographics and Civic Eng. Reports$180,000
Communities ResistCommunity-Based Legal Services$100,000
...and 19 more grants made totalling $1,826,000

Who funds Korean American Community Foundation (KACF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$723,250
American Online Giving FoundationGeneral Support$587,429
Citi FoundationCommunity Progress Makers$250,000
...and 24 more grants received totalling $1,953,526

Personnel at KACF

NameTitleCompensation
Kyung B. YoonPresident and Chief Executive Officer$246,957
Brennan GangVice President of Programs and Operations
Dan JeonDirector of Finance and Administration
Sarah F. SongDirector of Development
Michael K. ChungBoard Member$0
...and 4 more key personnel

Financials for KACF

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,920,331
Program services$50,270
Investment income and dividends$13,437
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-38,292
Net income from fundraising events$-77,254
Net income from gaming activities$0
Net income from sales of inventory$11,459
Miscellaneous revenues$5,000
Total revenues$3,884,951

Form 990s for KACF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122022-01-13990View PDF
2019-122022-01-18990View PDF
2018-122019-08-15990View PDF
...and 8 more Form 990s
Data update history
October 18, 2024
Updated personnel
Identified 2 new personnel
October 16, 2024
Updated personnel
Identified 2 new personnel
September 21, 2024
Received grants
Identified 7 new grant, including a grant for $587,429 from American Online Giving Foundation
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
Nonprofit Types
Grantmaking organizationsHeadquarter / parent organizationsCharities
Issues
No issues found
Characteristics
Provides grantsFundraising eventsNational levelEndowed supportGala fundraisersTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0208332
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-20
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