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← KOREAN AMERICAN COMMUNITY FOUNDATION OF SAN FRANCISCO

Form 990 for tax year 2022

Filed by KOREAN AMERICAN COMMUNITY FOUNDATION OF SAN FRANCISCO.

Totals

Total revenue
$1,840,942
Total expenses
$928,248
Contributions and grants received
$1,739,217
Grants paid
$426,751
Program service revenue
$0
Investment income
$551
Other revenue
$101,174
Total assets, end of year
$2,648,667
Total liabilities, end of year
$252,185
Net assets or fund balances, end of year
$2,396,482
Program services expenses (Part IX)
$718,101
Management and general expenses
$56,068
Fundraising expenses
$154,079
Program service expenses (Part III)
$718,101

Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $658,532

  • 1f · All other contributions, gifts and grants

    $1,080,685

  • 1g · Noncash contributions included above

    $79,000

  • 3 · Investment income

    total $551 · excluded $551

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $388,904

  • 8a · Fundraising events: contributions included on line 1c

    $658,532

  • 8b · Fundraising events: direct expenses

    $301,058

  • 8c · Net income from fundraising events

    total $87,846 · excluded $87,846

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CC Reward Income

    total $4,249 · related or exempt $4,249

  • 11b · Other revenue: Other

    total $9,079 · related or exempt $9,079

  • 11e · Other revenue, total

    $13,328

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $426,751 · program services $426,751

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $137,419 · program services $82,452 · management and general $17,863 · fundraising $37,104

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $99,057 · program services $59,434 · management and general $12,877 · fundraising $26,746

  • 8 · Pension plan contributions

    total $6,129 · program services $3,677 · management and general $797 · fundraising $1,655

  • 9 · Other employee benefits

    total $3,000 · program services $1,800 · management and general $390 · fundraising $810

  • 10 · Payroll taxes

    total $19,124 · program services $11,474 · management and general $2,486 · fundraising $5,164

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $2,136 · management and general $2,136

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $57,825 · program services $57,825

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $4,417 · management and general $4,417

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $13,333 · program services $8,000 · management and general $1,733 · fundraising $3,600

  • 17 · Travel

    total $4,831 · program services $2,769 · management and general $2,062

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $3,100 · management and general $3,100

  • 24a · Other expenses: Cost of Goods Sold

    total $79,000 · fundraising $79,000

  • 24b · Other expenses: Karen Ha Scholarship Fund

    total $27,579 · program services $27,579

  • 24c · Other expenses: Direct Technical Assistance

    total $7,568 · program services $7,568

  • 24d · Other expenses: Grantmaking Activities

    total $7,135 · program services $7,135

  • 24e · All other expenses

    total $29,844 · program services $21,637 · management and general $8,207

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,301,951 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $270,045 · end of year $2,568,667

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $27,000 · end of year $30,000

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,720 · end of year $50,000

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,726 · end of year $252,185

  • 18 · Grants payable

    beginning of year $117,500

  • 25 · Other liabilities

    beginning of year -$12,678

  • 27 · Net assets without donor restrictions

    beginning of year $531,294 · end of year $2,396,482

  • 28 · Net assets with donor restrictions

    beginning of year $954,874

Mission and programs · 2022

Mission

The Korean American Community Foundation of San Francisco uplifts and connects the Korean-American community through philanthropy.

  • 6,663 Community members directly impacted through our grant-funded programs. 295 Seniors benefited from culturally-sensitive classes and meal programs. 99 Legal permanent residents assisted through the process to become US citizens. 73 Community members trained in workshops to address domestic violence and intimate partner violence. 11 Faith leaders trained to identify and respond to mental health crises. 6 masters of social work, and marriage-and-family-therapy interns trained to support Korean American communities.

    Expenses $718,101 · Grants $426,751 · Revenue $2,058,201

As filed on the 2022 return.

Listed in Part VII

  • Grace Lee

    Interim E.D.

    Total calculated
    $62,958
    From this org
    $62,958
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Timothy Hyojun Kim

    E.D. as of 9/22

    Total calculated
    $61,388
    From this org
    $61,388
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lina Park

    E.D. to 1/2022

    Total calculated
    $13,073
    From this org
    $13,073
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • So Yong Park

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Yoon Cho

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Sophia Oh-Kim

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Philip Yun

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Sung Jin Ingriselli

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Dennis Kwon

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Caroline Shin

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Michael Kim

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Catharina Min

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • John Kim

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • James Kim

    Treasurer

    Total calculated
    $0
    Hours/week
    0.75

  • Perry Ha

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Andrew Kim

    Secretary

    Total calculated
    $0
    Hours/week
    0.75

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202332969349300048

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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