Jkbae Foundation
- Assets
- $1.5m
- Revenue
- $114.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Clifton, VA
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 20-5604317
Organization Overview
Jkbae Foundation is located in Clifton, VA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jkbae Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Jkbae Foundation generated $114.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $58.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jkbae Foundation has awarded 65 individual grants totaling $274,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Sung Ho Bae President | 1 | $0 | |
Kwan Hee Bae Vice Preside | 1 | $0 | |
Jeanie Y Chang Secretary | 1 | $0 | |
Katherine Y Kan Treasurer | 1 | $0 | |
Joel Kan Trustee | 1 | $0 | |
Jonathan Chang Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,518 |
| Capital Gain Net Income | $22,518 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,291 |
| Total Revenue | $114,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $58,500 |
| Total expenses and disbursements | $58,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,824 |
| Savings and temporary cash investments | $26,276 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,009,544 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,482,969 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jkbae Foundation has awarded $58,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DELAWARE KOREAN UNITED METHODIST PURPOSE: OPERATING SUPPORT | $3,000 |
FEEDING AMERICA PURPOSE: OPERATING SUPPORT | $1,000 |
GLOBAL MEDICAL MISSIONS ALLIANCE PURPOSE: OPERATING SUPPORT | $3,000 |
JESUS MEDICAL CLINIC IN HAITI PURPOSE: OPERATING SUPPORT | $3,000 |
JESUS AWAKENING MOVEMENT PURPOSE: OPERATING SUPPORT | $20,000 |
SAVE THE CHILDREN PURPOSE: OPERATING SUPPORT | $500 |