Kyc Foundation
- Assets
- $529.6k
- Revenue
- $86.5k
- Investments
- $218.2k
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4455497
Organization Overview
Kyc Foundation is located in Torrance, CA. 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. Kyc 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, Kyc Foundation generated $86.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.1% each year .
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,301 |
| Interest on Savings | $1,159 |
| 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 | $86,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $896 |
| Contributions, gifts, grants paid | $16,500 |
| Total expenses and disbursements | $17,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,409 |
| Savings and temporary cash investments | $300,000 |
| 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 | $218,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $529,596 |
| 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, Kyc Foundation has awarded $16,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KOREA UNIVERSITY ALUMNI ASSOCIATION OF SC PURPOSE: SUPPORT | $11,000 |
INTERNATIONAL FOUNDATION FOR KOREA UNIVERSITY INC PURPOSE: SUPPORT | $0 |
GLOBAL CHILDREN FOUNDATION PURPOSE: SUPPORT | $500 |
THE KJCHOI FOUNDATION PURPOSE: SUPPORT | $5,000 |