Sehan Kb Foundation
- Assets
- $661.7k
- Revenue
- $401.8k
- Investments
- $423.4k
- Employees
- 0
- Location
- Cerritos, CA
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-1013189
Organization Overview
Sehan Kb Foundation is located in Cerritos, CA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sehan Kb 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, Sehan Kb Foundation generated $401.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $575.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sehan Kb Foundation has awarded 14 individual grants totaling $2,466,768. 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
WATCH TOWER BIBLE AND TRUST SOCIETY OF NY
JW. ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Han Ceo/secretary | 4 | $0 | |
Young Hee Han CFO | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $7,043 |
| Net ST Capital Gain | $3,775 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $401,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,737 |
| Total operating and administrative expenses | $25,887 |
| Contributions, gifts, grants paid | $550,000 |
| Total expenses and disbursements | $575,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,356 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $210,455 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $661,740 |
| 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, Sehan Kb Foundation has awarded $550,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WATCH TOWER BIBLE AND TRUST SOCIETY OF NY PURPOSE: CONTRIBUTION | $500,000 |
JEHOVAH'S WITNESS PURPOSE: CONTRIBUTION | $50,000 |