Ys Kim Foundation Inc
- Assets
- $44.3k
- Revenue
- $890.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Thomas, VI
- Founding
- Data as of
- 12/2021
- EIN
- 66-0927716
Organization Overview
Ys Kim Foundation Inc is located in St Thomas, VI. 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. Ys Kim 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, Ys Kim Foundation Inc generated $890.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $849.4k during the year ending 12/2021. While expenses have increased by 13.8% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
YS KIM FOUNDATION SUPPORTS AN IMMERSIVE LEARNING EXPERIENCE FOR KOREAN AMERICAN YOUTH TO STRENGTHEN THEIR UNDERSTANDING AND APPRECIATION OF THEIR CULTURAL HERITAGE AND IDENTITY.
YS KIM FOUNDATION SUPPORTS LOCAL AND INTERNATIONAL ARTISTS THROUGH EXHIBITING, RESEARCHING AND INTERPRETING THEIR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Kim President | 3 | $0 | |
James Kim Secretary | 2 | $0 | |
Jean Su Maeng Kim Director | 1.5 | $0 | |
April Bang Executive Director | 40 | $0 | |
Andrew Park Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $890,000 |
| Interest on Savings | $3 |
| 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 | $500 |
| Total Revenue | $890,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $43,106 |
| Pension plans, employee benefits | $12,761 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $16,157 |
| Printing and publications | $111 |
| Other expenses | $22,558 |
| Total operating and administrative expenses | $206,509 |
| Contributions, gifts, grants paid | $642,881 |
| Total expenses and disbursements | $849,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,300 |
| 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 | $44,300 |
| 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 | $283 |
| Total liabilities | $283 |
Grants Awarded
Over the last fiscal year, Ys Kim Foundation Inc has awarded $642,881 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Binghamton, NY PURPOSE: EDUCATIONAL - SCHOLARSHIP SUPPORT | $583,071 |
Bronx, NY PURPOSE: EDUCATIONAL: SCHOLARSHIP SUPPORT | $59,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $18,108,646 | $4,188,957 |
Ys Kim Foundation Inc St Thomas, VI | $44,300 | $890,503 |
Prior Family Foundation St Thomas, VI | $9,377,478 | $259,099 |
Leaders Branch St Thomas, VI | $55,854 | $55,052 |
Sidney Lee Dream Foundation Inc Christiansted, VI | $0 | $0 |
Richard Hill Lambertsen Foundation Christiansted, VI | $38,452 | $130 |
Gratitude America Ltd St Thomas, VI | $8,175,884 | $0 |