Intercontinental Foundation Inc
- Assets
- $922.5k
- Revenue
- $60.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-5586921
Organization Overview
Intercontinental Foundation Inc is located in Atlanta, GA. The organization was established in 2016. 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. Intercontinental 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 12/2021, Intercontinental Foundation Inc generated $60.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $42.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Intercontinental Foundation Inc has awarded 30 individual grants totaling $185,857. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THOSE IN FINANCIAL NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chong W Chun Chairman | 2 | $0 | |
Dong W Kim Treasurer | 2 | $0 | |
Dong Won Shin Secretaty | 2 | $0 | |
Grace Shim Director | 0 | $0 | |
Claire D Lim Director | 0 | $0 | |
Joseph Woo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| 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 | $60,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,517 |
| Total operating and administrative expenses | $6,644 |
| Contributions, gifts, grants paid | $35,695 |
| Total expenses and disbursements | $42,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $922,541 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $922,541 |
| 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, Intercontinental Foundation Inc has awarded $35,695 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JOONG YEOL KIM PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $6,000 |
YOONSUN HAN PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $6,000 |
MOO SUNG CHANG PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $5,100 |
DEENA RILEY PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $5,000 |
CHONG HAN PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $4,345 |
INSTITUTIE OF AGRI LEADERSHIP INC PURPOSE: TO SUPPORT THOSE IN FINANCIAL NEED | $4,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
Childrens Healthcare Charity Inc Palm Beach Gardens, FL | $5,074,981 | $9,745,793 |
Don And Angie Seta Foundation Boca Raton, FL | $0 | $7,457,065 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
National Cancer Assistance Foundation Inc Daytona Beach, FL | $587,584 | $4,501,111 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
The Ironman Foundation Inc Tampa, FL | $9,463,048 | $2,918,187 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Norcross Foundation Inc Jacksonville, FL | $12,948,336 | $5,280,220 |