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EIN 83-2513160

Korean American Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Los Angeles
State
California
Year formed
2018
Most recent tax filings
2023-09-01
NTEE code, primary
T30: Public Foundations
Description
The Korean American Foundation fulfills its mission and vision by raising and stewarding funds to strategically give back to the community through charitable grants to nonprofits. Its mission is to improve the lives of vulnerable and marginalized members of our community with a focus on Korean Americans, promote philanthropy, and collaborate with other organizations. Recently, the foundation gave a charitable grant to the Korean American Institute of Public Affairs in Brigantine, NJ. The foundation is located in Los Angeles, CA.
Total revenues
$1,172,842
2023
Total expenses
$550,142
2023
Total assets
$2,737,739
2023
Num. employees
0
2023

Program areas at Korean American Foundation

KAF fulfills its mission and vision by raising and stewarding funds in order to strategically give back to the community through the administration of grants to nonprofits whose work address the most pressing needs of our community.
KAF provides fundholder services, assisting with gift administration and providing expertise based on the donor's philanthropic interests.
Activity Classification: Charitable GrantGrantee Name: KOREATOWN YOUTH & COMMUNITY CENTER (KYCC)Grantee Address: 3727 W. 6th St, Ste 300 Los Angeles, CA 90020 Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022
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: 12/26/2022
Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FAMILY SERVICESGrantee Address: 3727 W. 6th St, Ste 320, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022
Activity Classification: Charitable GrantGrantee Name: TURBO CHARITABLE FOUNDATIONGrantee Address: 12 Upper Blackwater Canyon Rd. Rolling Hills, CA 90274Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022
Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FEDERATION OF LOS ANGELESGrantee Address: 981 S. Western Ave., #100 Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022
Activity Classification: Charitable GrantGrantee Name: LOS ANGELES REGIONAL FOOD BANKGrantee Address: 1734 East 41st St, Los Angeles, CA 90058Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022
Activity Classification: Charitable GrantGrantee Name: ABILITY FIRSTGrantee Address: 789 N. Fair Oaks Ave. Pasadena, CA 91103Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022
Activity Classification: Charitable GrantGrantee Name: KOREATOWN SENIOR AND COMMUNITY CENTERGrantee Address: 965 Normandie Ave., Ste 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022
Activity Classification: Charitable GrantGrantee Name: CALIFORNIA COMMUNITY FOUNDATIONGrantee Address: 717 W. Temple St., Los Angeles, CA 90012Grantee Relationship: NoneProperty Description: CashDate of Gift: 01/24/2023
Activity Classification: Charitable GrantGrantee Name: ABILITY FIRSTGrantee Address: 789 N. Fair Oaks Ave. Pasadena, CA 91103Grantee Relationship: NoneProperty Description: CashDate of Gift: 06/15/2023
Activity Classification: Charitable GrantGrantee Name: KOREATOWN SENIOR AND COMMUNITY CENTERGrantee Address: 965 Normandie Ave., Ste 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 06/21/2023
Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN CHAMBER OF COMMERCEGrantee Address: 3435 Wilshire Blvd., Suite 2450 Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 07/11/2023
Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN COMMUNITY CENTER SAN FRANCISCOGrantee Address: 2473 Aram Avenue, San Jose, CA 95218Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/15/2023
Activity Classification: Charitable GrantGrantee Name: KOREATOWN SENIOR AND COMMUNITY CENTERGrantee Address: 965 Normandie Ave., Ste 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/20/2023
Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FEDERATION OF LOS ANGELESGrantee Address: 981 S. Western Ave., #100 Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/20/2023
Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FEDERATION OF LOS ANGELESGrantee Address: 981 S. Western Ave., #100 Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/27/2023
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: 09/27/2023
Activity Classification: Charitable GrantGrantee Name: MILAN MISSIONGrantee Address: 14545 Valley View Ave, STE S, Santa Fe Springs, CA 90670Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/27/2023

Grants made by Korean American Foundation

GranteeGrant descriptionAmount
California Community FoundationRegrant From Robin Kim To Daf Held at CCF$200,000
AbilityFirstRegrant From Myung K. Yang Donor-Advised Grant$100,000
Koreatown Youth and Community Center (KYCC)2022 General Charitable Grant$25,000
...and 10 more grants made

Who funds Korean American Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kang Dream FoundationCharitable Organization$60,200
Youngbum Song FoundationCharitable Purpose$30,000

Personnel at Korean American Foundation

NameTitleCompensation
Kevin KangChief Executive Officer$0
Joanne KimChief Financial Officer$0
Kae Hong KoInterim Executive Director$50,000
William ChoiGeneral Counsel$0
Kae H JoPast Interim Executive Director$50,000
...and 1 more key personnel

Financials for Korean American Foundation

RevenuesFYE 09/2023
Total grants, contributions, etc.$1,107,325
Program services$0
Investment income and dividends$65,512
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5
Total revenues$1,172,842

Form 990s for Korean American Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-04-15990View PDF
2022-092023-08-15990View PDF
2021-092022-02-15990EZView PDF
2020-092021-03-22990EZView PDF
2019-092020-11-12990EZView PDF
Data update history
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $30,000 from Youngbum Song Foundation
May 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 2 new personnel
November 27, 2023
Received grants
Identified 2 new grant, including a grant for $200,000 from The Robin-Hwajin Yoon Kim Foundation
October 8, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
3600 Wilshire Blvd 722
Los Angeles, CA 90010
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
koreanamericanfoundation.org/ 
Phone
(213) 792-2301
IRS details
EIN
83-2513160
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2018
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
FTB status revoked
Not revoked
AG Registration Number
CT0266215
FTB Entity ID
4205825
AB 488 data last updated ("as-of") date
2024-10-16
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