Steve & Jenny Kim Foundation
- Assets
- $446.0k
- Revenue
- $83.0
- Investments
- $433.7k
- Employees
- 0
- Location
- La Canada, CA
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-3147918
Organization Overview
Steve & Jenny Kim Foundation is located in La Canada, CA. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Steve & Jenny Kim 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, Steve & Jenny Kim Foundation generated $83.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (64.1%) each year. All expenses for the organization totaled $147.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steve & Jenny Kim Foundation has awarded 34 individual grants totaling $1,763,586. 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
CHARITABLE CONTRIBUTION BENEFICIARY : JCR FOUNDATION
GRANT BENEFICIARY :CHRISTINE CHUNG
GRANT BENEFICIARY :CARINA HONG
GRANT BENEFICIARY :JUNG WOO SHIN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Soong Kim Trustee | 2 | $0 | |
Jenny Hye Kim Trustee | 2 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $83 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,000 |
| Other employee salaries and wages | $62,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,912 |
| Total operating and administrative expenses | $147,655 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $147,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,242 |
| 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 | $433,724 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $445,966 |
| 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 | $777 |
| Total liabilities | $777 |
Grants Awarded
Over the last fiscal year, Steve & Jenny Kim Foundation has awarded $1,398,836 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
JCR FOUNDATION PURPOSE: CONTRIBUTION | $1,337,836 |
CARINA HONG PURPOSE: GRANT | $5,000 |
ALL NATIONS CHURCH PURPOSE: CONTRIBUTION | $1,000 |
CHRISTINE CHUNG PURPOSE: GRANT | $5,000 |
JUNG WOO SHIN PURPOSE: GRANT | $5,000 |
JASMINE CHUNG PURPOSE: GRANT | $5,000 |