Kahng Foundation
- Assets
- $4.1m
- Revenue
- $360.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 74-2883492
Organization Overview
Kahng Foundation is located in Austin, TX. The organization was established in 1998. 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. Kahng 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 12/2022, Kahng Foundation generated $360.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kahng Foundation has awarded 195 individual grants totaling $8,196,244. 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 |
|---|---|---|---|
Name Not Listed Vice President | 10 | $0 | |
Name Not Listed Vice President | 5 | $0 | |
Name Not Listed President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $170 |
| Dividends & Interest | $137,410 |
| Net Rental Income | $194,599 |
| 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 | $360,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $133,143 |
| Depreciation | $136,712 |
| Occupancy | $9,931 |
| Travel, conferences, and meetings | $5,559 |
| Printing and publications | $0 |
| Other expenses | $35,433 |
| Total operating and administrative expenses | $345,258 |
| Contributions, gifts, grants paid | $1,751,064 |
| Total expenses and disbursements | $2,096,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,542 |
| Savings and temporary cash investments | -$1,253,587 |
| 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 | $11,156 |
| Net Investments - land, buildings, equipment | $2,752,883 |
| Investments—mortgage loans | $0 |
| Investments—other | $233,999 |
| Net Land, buildings, and equipment | $1,122,534 |
| Other assets | $0 |
| Total assets | $4,128,820 |
| Accounts payable and accrued expenses | $12,021 |
| 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 | $12,021 |
Grants Awarded
Over the last fiscal year, Kahng Foundation has awarded $1,751,064 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ASIA FOUNDATION PURPOSE: FOR CHARITABLE PURPOSE OF ORGANIZATION | $10,074 |
ASIAN ART MUSEUM PURPOSE: FOR CHARITABLE PURPOSE OF ORGANIZATION | $100,000 |
AUSTIN OPERA PURPOSE: FOR CHARITABLE PURPOSE OF ORGANIZATION | $10,000 |
AUSTIN SYMPHONY PURPOSE: FOR CHARITABLE PURPOSE OF ORGANIZATION | $25,000 |
BLANTON MUSEUM OF ART THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: FOR CHARITABLE PURPOSE OF ORGANIZATION | $130,000 |
COUNCIL OF KOREAN AMERICANS PURPOSE: FOR CHARITABLE PURPOSE OF ORGANIZATION | $1,500 |