Kcal Ins Foundation
- Assets
- $2.5m
- Revenue
- $382.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Hacienda Heights, CA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-8035570
Organization Overview
Kcal Ins Foundation is located in Hacienda Heights, CA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kcal Ins 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 12/2022, Kcal Ins Foundation generated $382.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $103.3k during the year ending 12/2022. While expenses have increased by 20.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kcal Ins Foundation has awarded 50 individual grants totaling $286,180. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Quang Hang Director | 5 | $0 | |
Chung Hwei Chang Secretary | 5 | $0 | |
Angela L Chang Director | 5 | $0 | |
I-Hsin Liu Director | 5 | $0 | |
Kenny Chang President & CEO | 5 | $0 | |
Jessica Tung CFO | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $195,004 |
| Interest on Savings | $29,178 |
| Dividends & Interest | $26,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,450 |
| Capital Gain Net Income | $119,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,688 |
| Total Revenue | $382,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,777 |
| Taxes | $5,544 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49 |
| Total operating and administrative expenses | $22,807 |
| Contributions, gifts, grants paid | $80,500 |
| Total expenses and disbursements | $103,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386 |
| Savings and temporary cash investments | $199,342 |
| 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 | $836,264 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,402 |
| Total assets | $2,530,651 |
| 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, Kcal Ins Foundation has awarded $80,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA ASIAN PEACE OFFICERS ASSOCIAT PURPOSE: CHARITABLE PURPOSE | $1,000 |
SOUTHERN CALIFORNIA COUNCIL OF CHINESE S PURPOSE: CHARITABLE PURPOSE | $4,900 |
BUDDHAS LIGHT INTERNATIONAL LOS ANGELES PURPOSE: CHARITABLE PURPOSE | $7,000 |
ACE NEXTGEN PURPOSE: CHARITABLE PURPOSE | $10,000 |
INTERNATIONAL BUDDHIST PROGRESS SOCIETY PURPOSE: CHARITABLE PURPOSE | $30,000 |
TAIWAN CENTER FOUNDATION OF GREATER LA PURPOSE: CHARITABLE PURPOSE | $2,000 |