D K Kim Foundation Inc
- Assets
- $2.1m
- Revenue
- $1.9m
- Investments
- $1.6m
- Employees
- 0
- Location
- Ontario, CA
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 33-1059702
Organization Overview
D K Kim Foundation Inc is located in Ontario, CA. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. D K Kim 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.
For the year ending 12/2022, D K Kim Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 28.2% 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 2014, D K Kim Foundation Inc has awarded 73 individual grants totaling $8,245,019. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dong Koo Kim President ,ceo | 15 | $0 | |
Maria Hon Secretary, CFO | 3 | $0 | |
Brent Jeon Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,850,040 |
| Interest on Savings | $14,626 |
| Dividends & Interest | $41,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$734 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,320 |
| Total Revenue | $1,907,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $32,214 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,786 |
| Depreciation | $0 |
| Occupancy | $1,343 |
| Travel, conferences, and meetings | $10,414 |
| Printing and publications | $0 |
| Other expenses | $99,386 |
| Total operating and administrative expenses | $158,468 |
| Contributions, gifts, grants paid | $1,558,625 |
| Total expenses and disbursements | $1,717,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,059 |
| Savings and temporary cash investments | $0 |
| 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 | $27,034 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $259,003 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,071,989 |
| 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 | $13,024 |
| Total liabilities | $13,024 |
Grants Awarded
Over the last fiscal year, D K Kim Foundation Inc has awarded $1,558,625 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DK KIM KOREA FOUNDATION PURPOSE: TO SUPPORT VARIOUS PHILANTHROPY CAUSES | $322,037 |
LEADERSHIP INSTITUTE PURPOSE: TO SUPPORT EDUCATIONAL PURPOSES | $13,120 |
KOREAN AMERICAN FINANCIAL ASSOCIATION (KAFA) PURPOSE: TO SUPPORT EDUCATIONAL PURPOSES | $4,000 |
LOYOLA MARYMOUNT UNIVERSITY PURPOSE: TO SUPPORT VARIOUS PHILANTHROPY CAUSES | $600,000 |
UNIVERSIDAD DEL NORTE COLOMBIA PURPOSE: TO SUPPORT EDUCATIONAL PURPOSES | $5,968 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: TO SUPPORT VARIOUS PHILANTHROPY CAUSES | $200,000 |