Korean War Memorial Foundation
- Assets
- $220.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Francsico, CA
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-2773272
Organization Overview
Korean War Memorial Foundation is located in San Francsico, CA. The organization was established in 2011. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean War Memorial 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 12/2021, Korean War Memorial Foundation generated $11.4k 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 (50.0%) each year. All expenses for the organization totaled $63.0k during the year ending 12/2021. 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
COMMEMORATING US VETERANS WHO SACRIFIED THEIR LIVES IN KOREAN WAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Parker Executive Dir. | 3 | $39,996 | |
Wallace Stewart Vice President | 2 | $4,775 | |
Quetin L Kopp President | 1 | $0 | |
Mitchell J Leiber Secretary | 1 | $0 | |
Donald F Reid Treasurer | 2 | $0 | |
Won Yi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,323 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $30 |
| Total Revenue | $11,353 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,771 |
| Professional fees and other payments to independent contractors | $5,817 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,436 |
| Total expenses | $63,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $220,540 |
| Other assets | $0 |
| Total assets | $220,540 |
| Total liabilities | $0 |
| Net assets or fund balances | $220,540 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Korean War Memorial Foundation has recieved totaling $81,050.
| Awarding Organization | Amount |
|---|---|
Nae Il Foundation Ltd PURPOSE: RAISE AWARENESS OF KOREAN WAR | | $81,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
D A V Industries Spring Valley, CA | $16,692,300 | $10,872,133 |
Amvets Department Of California Service Foundation Garden Grove, CA | $23,614,480 | $12,375,344 |
Blue Star Families Inc Encinitas, CA | $9,421,835 | $11,402,884 |
Veterans Transition Center Of Monterey County Marina, CA | $10,271,050 | $3,306,792 |
Uso - Greater Los Angeles Area Inc Dba Bob Hope Uso Long Beach, CA | $9,922,016 | $7,823,004 |
Sepulveda Research Corporation North Hills, CA | $0 | $358,377 |
Support The Enlisted Project Inc San Diego, CA | $1,459,918 | $2,679,000 |
For The Troops Simi Valley, CA | $784,854 | $2,236,492 |
American Legion Los Angeles, CA | $8,304,662 | $2,700,970 |
Amvets Tulare, CA | $33,154 | -$424,708 |
American Legion Newport Beach, CA | $3,019,417 | $1,919,300 |
Disabled American Veterans Auxiliary Inc Santa Fe Springs, CA | $4,224,115 | $993,527 |