Skm Foundation
- Assets
- $1.5m
- Revenue
- $217.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-5645444
Organization Overview
Skm Foundation is located in Redondo Beach, CA. The organization was established in 2016. 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. Skm 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 12/2021, Skm Foundation generated $217.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $83.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Skm Foundation has awarded 72 individual grants totaling $307,285. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fen Chen President | 1 | $0 | |
Shuxiong Cai CFO | 1 | $0 | |
Johnny MA Secretary | 0 | $0 | |
Linda Q Gao Director | 0 | $0 | |
Feng Lin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $2,003 |
| Dividends & Interest | $5,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,736 |
| Capital Gain Net Income | $108,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,579 |
| Total Revenue | $217,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $446 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $6,255 |
| Contributions, gifts, grants paid | $77,636 |
| Total expenses and disbursements | $83,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,234 |
| 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 | $1,490,366 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,525,600 |
| 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, Skm Foundation has awarded $77,636 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BOL HARVESTER PURPOSE: FOR RELIGIOUS SUPPORT | $2,000 |
BREAD OF LIFE CHURCH PURPOSE: RELIGIOUS SUPPORT | $10,000 |
OVERSEAS CAMPUS MINISTRY PURPOSE: FOR RELIGOUS SUPPORT | $14,000 |
AMAHORO INTERNATIONAL PURPOSE: CHARITABLE | $2,000 |
PENINSULA EDUCATION FOUNDATION PURPOSE: EDUCATION | $5,966 |
SAMARITANS PURSE PURPOSE: RELIGIOUS SUPPORT | $1,000 |