Dow Kim Family Foundation Corporation
- Assets
- $844.9k
- Revenue
- $121.8k
- Investments
- $798.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2019
- Data as of
- 12/2023
- EIN
- 83-0945257
Organization Overview
Dow Kim Family Foundation Corporation is located in Wilmington, DE. The organization was established in 2019. 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. Dow Kim Family Foundation Corporation 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 12/2023, Dow Kim Family Foundation Corporation generated $121.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $216.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dow Kim Family Foundation Corporation has awarded 29 individual grants totaling $1,250,000. 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 |
|---|---|---|---|
Danielle Kim Dir | 1 | $0 | |
Dow Kim Dir, Pres, Sec, Treas | 1 | $0 | |
Katherine Kim Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,744 |
| Dividends & Interest | $2,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $98,866 |
| Capital Gain Net Income | $98,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,173 |
| Total operating and administrative expenses | $11,506 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $216,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,341 |
| 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 | $844,921 |
| 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, Dow Kim Family Foundation Corporation has awarded $205,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL OF KOREAN AMERICANS INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK IN PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
THE KOREAN-AMERICAN FAMILY SERVICE CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
THE KOREAN AMERICAN SCHOLARSHIP FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
NEW YORK ASIAN FILM FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
SOLOMON R GUGGENHEIM FOUNDATION PURPOSE: CHARITABLE EVENT | $25,000 |