Edward And In Aie Kang Foundation Inc
- Assets
- $6.1k
- Revenue
- $75.5k
- Investments
- $0.0
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 02/2017
- Data as of
- 07/2023
- EIN
- 81-3727883
Organization Overview
Edward And In Aie Kang Foundation Inc is located in White Plains, NY. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward And In Aie Kang 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 07/2023, Edward And In Aie Kang Foundation Inc generated $75.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $72.4k during the year ending 07/2023. While expenses have increased by 30.5% per year over the past 6 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.
Since 2018, Edward And In Aie Kang Foundation Inc has awarded 79 individual grants totaling $354,662. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP TO 10 COLLEGE STDUDENTS ANNUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C M Kang President | 0 | $0 | |
In-Aie Kang Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $75,500 |
| Total Revenue | $75,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,264 |
| Total operating and administrative expenses | $4,264 |
| Contributions, gifts, grants paid | $68,145 |
| Total expenses and disbursements | $72,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,095 |
| 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 | $6,095 |
| 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, Edward And In Aie Kang Foundation Inc has awarded $68,145 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SEOUL NATIONAL UNIVERSITY PURPOSE: SCHOLARSHIP | $740 |
PIANO WORK IN PROGRESS PURPOSE: CHARITIES | $4,655 |
AN JONGYUN PURPOSE: SCHOLARSHIP | $5,000 |
APARICIO ERIC PURPOSE: SCHOARSHIP | $5,000 |
CHUNG MATTEW PURPOSE: SCHOLARSHIP | $5,000 |
GILES ELIZA PURPOSE: SCHOLARSHIP | $5,000 |