EIN 23-7151484

The Korean American Scholarship Foundation

Name: The Korean American Scholarship Foundation 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

Tysons Corner

State

Virginia

Year formed

1969

Most recent tax filings

2022-12-01

NTEE code, primary

B82: Scholarships, Student Financial Aid Services

Description

The Korean American Scholarship Foundation helps financially needy Korean American students pursue academic and personal achievements, leadership development, and promotion of Korean cultural heritage and tradition. Its primary purposes are to encourage community and civic services as an integral part of leadership development.

Total revenues

$1,380,392

2022

Total expenses

$953,923

2022

Total assets

$5,572,870

2022

Num. employees

2022

Program areas at The Korean American Scholarship Foundation

To assist American students in pursuit of academic and personal achievements, leadership development and Korean cultural heritage and tradition.

Who funds The Korean American Scholarship Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Dow Kim Family Foundation	2023-12	General & Unrestricted	$50,000
Fidelity Investments Charitable Gift Fund	2023-06	For Grant Recipient's Exempt Purposes	$43,600
American Online Giving Foundation	2023-03	General Support	$15,036
...and 3 more grants received

Personnel at The Korean American Scholarship Foundation

Name	Title	Compensation	Date of data
Michelle Cho	Executive Director	$73,333	2022-12-31
Iris Moon	Former Kasf Development Director		2021-12-31
Hyun J Nam	Treasurer	$0	2023-10-23
Jay Lee	Chairperson	$0	2022-12-31
Henry Choi	Vice Chairman	$0	2022-12-31
...and 4 more key personnel

Financials for The Korean American Scholarship Foundation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$1,181,262	$852,676	38.5%
Program services	$0	$0	-
Investment income and dividends	$202,744	$202,134	0.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-18,089	$71,621	-125.3%
Net income from fundraising events	$12,473	$9,538	30.8%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$2,002	$0	999%
Total revenues	$1,380,392	$1,135,969	21.5%

Form 990s for The Korean American Scholarship Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-10-23	990	View PDF
2021-12	2022-08-09	990	View PDF
2020-12	2021-05-26	990	View PDF
2019-12	2021-04-02	990	View PDF
2018-12	2019-08-02	990	View PDF
...and 8 more Form 990s

Organizations like The Korean American Scholarship Foundation

Organization	Type	Location	Revenue
Skagit Valley College Foundation	501(c)(3)	Mount Vernon, WA	$5,969,491
Chaffey College Foundation	501(c)(3)	Rancho Cucamonga, CA	$4,680,072
Midlands Technical College Foundation	501(c)(3)	Columbia, SC	$4,512,505
Missouri Western State University Foundation	501(c)(3)	Saint Joseph, MO	$4,544,210
Tri-County Technical College Foundation	501(c)(3)	Pendleton, SC	$5,405,996
Oregon Tech Foundation	501(c)(3)	Klamath Falls, OR	$6,429,423
Cumberland County Campus Educational Foundation	501(c)(3)	Vineland, NJ	$1,301,945
Anacortes Schools Foundation	501(c)(3)	Anacortes, WA	$854,103
Cy-Fair Educational Foundation	501(c)(3)	Cypress, TX	$3,028,827
George Snow Scholarship Fund	501(c)(3)	Boca Raton, FL	$3,613,699

Data update history

May 18, 2024

Received grants

Identified 2 new grant, including a grant for $50,000 from Dow Kim Family Foundation

December 1, 2023

Posted financials

Added Form 990 for fiscal year 2022

November 30, 2023

Updated personnel

Identified 7 new personnel

November 27, 2023

Used new vendors

Identified 1 new vendor, including

August 20, 2023

Received grants

Identified 2 new grant, including a grant for $50,000 from Dow Kim Family Foundation

Nonprofit Types

Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities

Issues

Education

Characteristics

Fundraising eventsEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 8300 Greensboro Dr L1805; Tysons Corner, VA 22102
Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV
County: Fairfax County, VA
Website URL: kasf.org/
Phone: (703) 748-5935

IRS details

EIN: 23-7151484
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1969
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B82: Scholarships, Student Financial Aid Services
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: CT0272522
FTB Entity ID: 4640524
AB 488 data last updated ("as-of") date: 2024-10-16

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The Korean American Scholarship Foundation

Program areas at The Korean American Scholarship Foundation

Who funds The Korean American Scholarship Foundation

Personnel at The Korean American Scholarship Foundation

Financials for The Korean American Scholarship Foundation

Form 990s for The Korean American Scholarship Foundation

Organizations like The Korean American Scholarship Foundation

Nonprofits

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