Silicon Valley Korean American Federation
- Assets
- $5.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 26-1378611
Organization Overview
Silicon Valley Korean American Federation is located in San Jose, CA. The organization was established in 2011. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Korean American Federation 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 12/2021, Silicon Valley Korean American Federation generated $40.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $39.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MUTUAL SUPPORT PROVIDED EDUCATIONAL AND SPIRITUAL VALUE TO KOREAN AMERICANS IN SILICON VALLEY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wonyoung Kim Secretary | 20 | $0 | |
Hyeran Jung CFO | 20 | $0 | |
Sean Park President & CEO | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,119 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,119 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $280 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,783 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,931 |
| Total expenses | $38,994 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,851 |
| Other assets | $0 |
| Total assets | $5,851 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,851 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silicon Valley Korean American Federation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Kyupin Philip And C Gemma Hwang Foundation Los Altos Hills, CA PURPOSE: CHARITABLE PURPOSE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International House Berkeley, CA | $36,872,790 | $2,968,814 |
Recycle For Change Richmond, CA | $3,066,281 | $4,293,998 |
Pacific Links Foundation Milpitas, CA | $2,594,773 | $3,090,471 |
Pacific Forum International Honolulu, HI | $6,096,181 | $2,665,542 |
The Institute For Middle East Understanding Tustin, CA | $2,845,946 | $2,453,832 |
Global Exchange San Francisco, CA | $815,734 | $1,489,925 |
Pad Project Los Angeles, CA | $866,439 | $677,983 |
Japan Society Of Northern California San Francisco, CA | $1,390,301 | $1,038,332 |
Us-Mexico Border Philanthropy Partnership San Diego, CA | $1,940,625 | $2,938,495 |
Auroville International Usa Sacramento, CA | $135,767 | $659,080 |
Japan America Society Of Hawaii Honolulu, HI | $874,186 | $846,169 |
Tassel Inc Manhattan Beach, CA | $195,560 | $593,650 |