Korean American Buddhist Foundation Inc
- Assets
- $773.8k
- Revenue
- $69.7k
- Investments
- $255.7k
- Employees
- 0
- Location
- Alpine, NJ
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 22-3386949
Organization Overview
Korean American Buddhist Foundation Inc is located in Alpine, NJ. The organization was established in 1999. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Buddhist Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Korean American Buddhist Foundation Inc has awarded 93 individual grants totaling $441,100. 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
SUPPORT FOR BUDDHIST FOUNDATIONS
SUPPORT FOR UNDERPRIVILEGED PEOPLE IN POOR LIVING CONDITIONS WHICH REPRESENTS BUDDHA'S MERCY
PROVIDING SCHOLARSHIP TO STUDENTS
SETTING UP EDUCATIONAL PROGRAMS WHICH WILL INTRODUCE FOREIGN STUDENTS TO AMERICAN BUDDHISM
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 |
|---|---|---|---|
Il Hwan Cho President | 1 | $0 | |
Soon Ja Cho Secretary | 1 | $0 | |
Mina Hwang VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,633 |
| Capital Gain Net Income | $53,633 |
| Net ST Capital Gain | $35,882 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,274 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,360 |
| Total operating and administrative expenses | $23,164 |
| Contributions, gifts, grants paid | $62,200 |
| Total expenses and disbursements | $85,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,225 |
| Savings and temporary cash investments | $375,866 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $773,786 |
| 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, Korean American Buddhist Foundation Inc has awarded $62,200 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: CONTRIBUTION TO GOOD CAUSE | $3,000 |
WON KAK SA PURPOSE: CONTRIBUTION TO TEMPLE | $33,000 |
FEEDING AMERICA PURPOSE: CONTRIBUTION TO GOOD CAUSE | $1,000 |
DISABLED AMERICAN VETERANS PURPOSE: CONTRIBUTION TO GOOD CAUSE | $2,500 |
HARRY TRUMAN LIBRARY PURPOSE: CONTRIBUTION TO LIBRARY | $800 |
HOLY APOSTLE SOUP KITCHEN PURPOSE: CONTRIBUTION TO GOOD CAUSE | $5,800 |