Dragon Kim Foundation
- Assets
- $613.0k
- Revenue
- $417.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Tustin, CA
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 47-5197030
Organization Overview
Dragon Kim Foundation is located in Tustin, CA. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Dragon Kim Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dragon 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 12/2023, Dragon Kim Foundation generated $417.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $548.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO INSPIRE OUR YOUTH TO IMPACT THEIR COMMUNITES WHILE DISCOVERING AND PURSUING THEIR PASSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FELLOWSHIP PROGRAM TEACHES HIGH SCHOOL STUDENTS HOW TO SHARE THEIR PASSIONS AND HELP OTHERS BY CREATING A COMMUNITY SERVICE PROJECT. WE PUT THEM THROUGH AN INCUBATOR WHERE WE PROVIDE LEADERSHIP AND BUSINESS SKILLS TRAINING, WE MATCH THEM WITH BUSINESS MENTORS TO PLAN THEIR PROJECTS, AND WE PROVIDE A GRANT OF UP TO $5K TO FUND THEIR PROJECT.
THE MUSIC PROGRAM SERVES 60+ ELEMENTARY SCHOOL STUDENTS FROM THE LOCAL COMMUNITIES, CHILDREN THAT OTHERWISE WOULDN'T HAVE THE OPPORTUNITY TO HAVE THESE MUSIC LESSONS FROM PROFESSIONAL INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Tsai Executive Director | OfficerTrustee | 2 | $14,507 |
Daniel Kim CEO | OfficerTrustee | 29 | $29,352 |
Thao Ngo Treasurer | OfficerTrustee | 2 | $0 |
Stacy Handley Secretary | OfficerTrustee | 5 | $0 |
Bonnie Carlson Board Member | Trustee | 5 | $0 |
Teren Shaffer Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,111 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,096 |
| Total Program Service Revenue | $0 |
| Investment income | $242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,740 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,859 |
| Compensation of current officers, directors, key employees. | $6,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,756 |
| Advertising and promotion | $11,621 |
| Office expenses | $18,431 |
| Information technology | $188 |
| Royalties | $0 |
| Occupancy | $31,310 |
| Travel | $9,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248 |
| Insurance | $5,202 |
| All other expenses | $350 |
| Total functional expenses | $548,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,386 |
| Savings and temporary cash investments | $392,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $612,958 |
| Accounts payable and accrued expenses | $6,559 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,000 |
| Other liabilities | $0 |
| Total liabilities | $16,559 |
| Net assets without donor restrictions | $596,399 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $612,958 |
Grants Awarded
Over the last fiscal year, Dragon Kim Foundation has awarded $8,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVIA MAZZUCATO PURPOSE: SCHOLARSHIP | $2,500 |
EVE LA PUMA PURPOSE: SCHOLARSHIP | $2,500 |
CTY PURPOSE: SCHOLARSHIP | $2,500 |
PIONEER MIDDLE SCHOOL PURPOSE: SCHOLARSHIP | $600 |