Kimmy Foundation Inc
- Assets
- $7.2m
- Revenue
- $1.8m
- Investments
- $5.1m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-3807156
Organization Overview
Kimmy Foundation Inc is located in Reston, VA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kimmy 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, Kimmy Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $193.7k during the year ending 12/2022. While expenses have increased by 29.5% per year over the past 6 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 2016, Kimmy Foundation Inc has awarded 309 individual grants totaling $712,010. 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
THE KDF SCHOLARSHIP 2021-2022 PROGRAM:THIS PROGRAM IS FOR VIETNAMESE AMERICAN STUDENTS ENROLLED IN THE FOLLOWING SIX INSTITUTIONS: THE UNIVERSITY OF MARYLAND (UMD), GEORGE MASON UNIVERSITY (GMU), NORTHERN VIRGINIA COMMUNITY COLLEGE (NOVA), MONTGOMERY COLLEGE (MC), VIRGINIA POLYTECHNIC INSTITUTE (VPI), UNIVERSITY OF VIRGINIA (UVA).ELIGIBLE STUDENTS MUST BE US CITIZENS OR US PERMANENT RESIDENTS (EXCEPT FOR THE 3 GOLD SCHOLARSHIPS MENTIONED BELOW) WHO DEMONSTRATE: OUTSTANDING ACADEMIC ACHIEVEMENT, STRONG LEADERSHIP POTENTIAL, A TRACK RECORD OF SERVICE TO THE VIETNAMESE AND AMERICAN COMMUNITIES, PRIDE IN THEIR VIETNAMESE CULTURE AND HERITAGE, AND A PASSION TO APPLY THEIR ACADEMIC BACKGROUND TO CREATE A BETTER WORLD, BOTH IN AMERICA AND IN VIETNAM.*** 3 GOLD SCHOLARSHIPS WILL BE RESERVED FOR VIETNAMESE STUDENTS FROM VIETNAM, WHO HAVE BEEN ACCEPTED TO US UNIVERSITIES ***
THE KDF HARDSHIP GRANTS:IN ORDER TO HELP THE FAMILIES OF THE VIRGINIA, MARYLAND, AND DC AREA, WHO ARE IN ECONOMIC HARDSHIP, KIMMY DUONG FOUNDATION WILL PROVIDE THE FOLLOWING AID: THE AMOUNT OF AID FOR EACH FAMILY: $500 OR $1,000- THE FOLLOWING CONDITIONS APPLY:1. HEADS OF HOUSEHOLD WITH INCOME UNDER 150% OF FEDERAL POVERTY LINE, WHO ARE EXPERIENCING ECONOMIC HARDSHIP.2. RESIDING AND WORKING IN THE VIRGINIA, MARYLAND AND DC AREA.3. MAXIMUM 20 GRANTS PER MONTH. LIMIT ONE GRANT PER FAMILY PER YEAR
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,731,000 |
| Interest on Savings | $41,920 |
| Dividends & Interest | $37,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,354 |
| Capital Gain Net Income | $15,354 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,825,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,758 |
| Printing and publications | $111 |
| Other expenses | $20,835 |
| Total operating and administrative expenses | $29,731 |
| Contributions, gifts, grants paid | $164,000 |
| Total expenses and disbursements | $193,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,893 |
| Savings and temporary cash investments | $2,098,412 |
| 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 | $3,100,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $271 |
| Total assets | $7,243,162 |
| 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, Kimmy Foundation Inc has awarded $158,500 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE MASON UNIVERSITY FBO MAHSA A PURPOSE: SCHOLARSHIP | $1,000 |
GEORGE MASON UNIVERSITY FBO JAMES B PURPOSE: SCHOLARSHIP | $1,000 |
GEORGE MASON UNIVERSITY FBO BETZY O PURPOSE: SCHOLARSHIP | $2,000 |
GEORGE MASON UNIVERSITY FBO MARIA L PURPOSE: SCHOLARSHIP | $1,000 |
GEORGE MASON UNIVERSITY FBO ALEXAND PURPOSE: SCHOLARSHIP | $2,000 |
GEORGE MASON UNIVERSITY FBO KIM T N PURPOSE: SCHOLARSHIP | $2,000 |