Overview
What is Korean American Foundation?
The Korean American Foundation is a nonprofit organization situated in Los Angeles, California, with a strong commitment to bettering the lives of vulnerable and marginalized individuals, notably focusing on the Korean American community. Their mission encompasses promoting philanthropy, acting as a diligent steward of charitable funds, and collaborating with community-based organizations to enhance their capacity and ensure their sustainability. Through strategic grants to nonprofits, they aim to make a tangible impact, recently granting funds to the Korean American Institute of Public Affairs in Brigantine, New Jersey.
Official website here: www.koreanamericanfoundation.org
Is Korean American Foundation legitimate?
Korean American Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,400
For more financial information, click here
Official website here: www.koreanamericanfoundation.org
What is the mission statement of Korean American Foundation?
The Korean American Foundation's mission is centered around three primary objectives. Firstly, it aims to enhance the lives of the most vulnerable and marginalized members of the community, with a specific focus on Korean Americans. Secondly, the foundation encourages philanthropy and is committed to being a responsible steward of charitable funds. Lastly, it collaborates with community-based organizations to strengthen their capacity, enhancing their effectiveness and ensuring their long-term sustainability. The foundation achieves its mission by strategically distributing charitable grants to nonprofit organizations, as demonstrated by its recent grant to the Korean American Institute of Public Affairs in Brigantine, New Jersey.
Official website here: www.koreanamericanfoundation.org
Who is the CEO of Korean American Foundation?
Kevin Kang is the CEO of Korean American Foundation The CEO's salary of Korean American Foundation is $0 and their total compensation is $0.
Official website here: www.koreanamericanfoundation.org
What is the revenue of Korean American Foundation?
Korean American Foundation's revenue in 2023 was $1,172,842.
Official website here: www.koreanamericanfoundation.org
Who are the executives of Korean American Foundation and what are their salaries?
Here are 11 key members and their salaries (Korean American Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.koreanamericanfoundation.org
Where can I find the form 990 for Korean American Foundation?
Korean American Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.koreanamericanfoundation.org
Learn more at the official website: www.koreanamericanfoundation.org
Mission Statement of Korean American Foundation
The Korean American Foundation is an organization dedicated to enhancing the lives of the most disadvantaged and marginalized members of the Korean American community. Their primary focus is on fostering philanthropy and serving as a responsible and diligent steward of charitable funds. Furthermore, they collaborate with various community-based organizations to strengthen their capacity, ultimately boosting their effectiveness and ensuring their sustainability. The Korean American Foundation achieves its mission by strategically distributing charitable grants to deserving nonprofits. In recent times, they have extended their support to the Korean American Institute of Public Affairs in Brigantine, New Jersey.
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Impact
October, 2024
The Korean American Foundation has a significant impact on the lives of vulnerable and marginalized individuals within the Korean American community. By focusing on improving their well-being, the foundation addresses pressing needs and creates opportunities for those who might otherwise be overlooked.
Through its strategic fundraising and careful stewardship of charitable funds, the foundation grants financial support to various nonprofit organizations, enhancing their capacity to serve the community effectively. For instance, a recent grant to the Korean American Institute of Public Affairs in Brigantine, NJ, exemplifies the foundation’s commitment to empowering community-based organizations, ensuring they can sustain and amplify their efforts over time.
In addition to direct financial assistance, the foundation also plays a crucial role in promoting philanthropy, encouraging collective efforts to uplift the community. By fostering collaboration among organizations, it builds a robust network that enhances overall effectiveness and helps to address the unique challenges faced by Korean Americans. The work of the Korean American Foundation ultimately leads to a strengthened community, better resources, and improved lives for those in need.
This information is meant to be a general summary of Korean American Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $65,512
- Gross Receipts: $1,172,842
Assets and Liabilities:
- Total Assets: $2,042,303
- Total Liabilities: $1,161
- Net Assets: $2,041,142
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Organization Details
Founding Year
2018
Principal Officer
Kevin Kang
NTEE Category
Code: T31 - Philanthropy
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