Nae Il Foundation Ltd
- Assets
- $50.8m
- Revenue
- $11.6m
- Investments
- $39.1m
- Employees
- 0
- Location
- Founding
- Data as of
- 12/2021
- EIN
- 98-1525203
Organization Overview
Nae Il Foundation Ltd, operating under the name Naeil, is located in null. Naeil is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Naeil generated $11.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.3%) each year. All expenses for the organization totaled $425.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Naeil has awarded 14 individual grants totaling $875,994. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAEIL FOUNDATION MISSION IS TO ADVANCE SOCIAL JUSTICE AND DEMOCRATIC VALUES IN THE KOREAN-AMERICAN COMMUNITY BY ADVOCATING FOR POLICIES AND CIVIC ENGAGEMENT THAT PLACES EDUCATIONAL ACCESS, PRESERVATION OF CULTURAL HERITAGE, CROSS-CULTURAL COALITION BUILDING, AND COMMUNITY PROSPERITY AT THE FOREFRONT. ADDITIONALLY THE FOUNDATION PROMOTES EQUITABLE TREATMENT OF AND OUTCOMES FOR SIMILARLY SITUATED UNDERREPRESENTED AND SOCIOECONOMICALLY DISADVANTAGED COMMUNITIES ACROSS THE UNITED STATES AND ITS TERRITORIES WHERE THE FOUNDATION IS A MAJOR STAKEHOLDER IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF THE KOREAN AMERICAN DAY CELEBRATION GALA. THE GALA BROUGHT TOGETHER DIVERSE SEGMENTS FROM THE KOREAN AMERICAN COMMUNITY AND THE COMMUNITY AT LARGE TO WORK TOWARDS THE COMMON GOAL OF FIGHTING AGAINST THESE CHALLENGES. GALA AND FILM SPONSORSHIPS TO RAISE AWARENESS OF KOREAN AMERICAN ISSUES AND MINORITIES IN MEDIA.
(JUNE 25, 1950 - JULY 27, 1953) AND ITS IMPACT ON THE KOREAN IDENTITY AND DIASPORA, THE FOUNDATION FUNDED THE CREATION OF A WEBSITE DEDICATED TO HONORING KOREAN WAR VETERANS AROUND THE WORLD AND IN THE UNITED STATES WHILE EDUCATING THE PUBLIC ABOUT THE KOREAN WAR. THE WEBSITE WILL CONTINUE TO PROMOTE GLOBAL AWARENESS OF THE VETERANS' SACRIFICES.
STOP ASIAN HATE CAMPAIGN
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Moon Director, Treasurer | OfficerTrustee | 1.5 | $0 |
So Young Kim Director, Secretary | OfficerTrustee | 1 | $0 |
Michael Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $11,626,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,626,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $301,050 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,912 |
| Fees for services: Accounting | $12,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $803 |
| Information technology | $20,100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $425,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,855,358 |
| Savings and temporary cash investments | $1,364,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,056,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,000 |
| Total assets | $50,776,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $50,776,401 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,776,401 |
Grants Awarded
Over the last fiscal year, Nae Il Foundation Ltd has awarded $301,050 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SPONSORSHIP OF KAAGNY GALA ($100K) AND STOP ASIAN HATE CAMPAIGN ($10K) | $110,000 |
San Francsico, CA PURPOSE: RAISE AWARENESS OF KOREAN WAR | $81,050 |
Covina, CA PURPOSE: TO RAISE AWARENESS OF THE FILM MINARI | $50,000 |
MULTICULTURAL MEDIA & CORRESPONDENTS ASSOCIATION PURPOSE: SPONSORSHIP OF MMCA SHEROES IN MEDIA AWARDS GALA | $50,000 |
San Diego, CA PURPOSE: STOP ASIAN HATE CAMPAIGN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vancouver Foundation | $1,114,568,560 | $88,948,385 |
Foundation For Innovative New Diagnostics Find | $189,507,117 | $110,032,140 |
National Arts Centre Corporation | $237,709,768 | $100,347,000 |
Alliance For A Green Revolution In Africa | $114,568,714 | $92,216,743 |
Hong Kong International School Association Limited | $465,180,898 | $109,698,313 |
Esmee Fairbairn Foundation | $2,036,632,083 | $489,890,105 |
Federation Cja | $95,723,392 | $84,248,628 |
Fondation Lucie Et Andre Chagnon | $1,847,955,513 | $137,236,538 |
Carleton University Retirement Plan S1s 5b6 | $1,123,255,112 | -$127,365,051 |
Sunnybrook Foundation | $338,541,566 | $82,225,949 |
University Of B C Staff Pension Plan | $2,420,372,547 | $406,852,884 |
Mount Allison University | $300,806,982 | $66,105,843 |