Korean American Foundation
Donations deductibleRevenue
$1m
year to 30 September 2024
Expenses
$452k
year to 30 September 2024
Total assets
$4.4m
$3k liabilities
Net assets
$4.4m
assets less liabilities
Directors and trustees
10
4.6 years on average
Staff
0
employees, year to 30 September 2024
Left since last filing
2
20% of the board
Officers and senior staff
6
named in Part VII
Korean American Foundation's network
10 people7 organisationsi10 people and 7 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (10). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
10 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI; we list 10 in Part VII (Part VII does not always name every voting member).| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Kevin Kang Chair | Chief Executive Officer/Chairman | 2024 | 2 yrs |
| Albert Jang | Chief Financial Officer/Treasurer | 2023 | 3 yrs |
| David Lee | Board Member | 2022 | 4 yrs |
| Jerry Kang | Board Member | 2019 | 7 yrs |
| Joanne Kim | Board Member | 2024 | 2 yrs |
| John LIM | Company secretary | 2019 | 7 yrs |
| KAE H KO | Board Member/ Interim Executive Director | 2019 | 7 yrs |
| Robin Kim | Board Member | 2022 | 4 yrs |
| Terri Mosqueda | Board Member | 2024 | 2 yrs |
| Thomas HAN | Board Member | 2022 | 4 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| David Lee | Chief Executive Officer | since 2019 |
| Joanne Kim | Chief Financial Officer | since 2022 |
| John LIM | Company secretary | since 2022 |
| KAE H KO | Chief Financial Officer | since 2020 |
| Kevin Kang | Chief Executive Officer | since 2022 |
| William Choi | General Counsel | since 2022 |
Pay and hours
year to 30 September 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| John Lim | Secretary | 0 | $0 | ||
| Kevin Kang | Chief Executive Officer/Chairman | 0 | $0 | ||
| David Lee | Board Member | 0 | $0 | ||
| Robin Kim | Board Member | 0 | $0 | ||
| Thomas Han | Board Member | 0 | $0 | ||
| Jerry Kang | Board Member | 0 | $0 | ||
| Albert Jang | Chief Financial Officer/Treasurer | 0 | $0 | ||
| Kae H Ko | Board Member/ Interim Executive Director | 0 | $0 | ||
| Joanne Kim | Board Member | 0 | $0 | ||
| Terri Mosqueda | Board Member | 0 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Korean American Foundation
- EIN
- 832513160
- Address
- 3600 Wilshire Blvd, Los Angeles, CA, 90010-2603
- State
- California
- Mission
- (as filed on the Form 990)
- Activity (NTEE)
- T31 Philanthropy, voluntary services and grantmaking
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Philanthropy, Voluntarism & Grantmaking Foundations
- Size band
- 6 (IRS master file code)
- Formed
- 2018
- Principal officer
- Kevin Kang (as named on the Form 990)
- IRS ruling date
- 1 July 2019
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsJerry Kang
≥7years on the filingsJohn LIM
≥7years on the filingsKAE H KO
≥4years on the filingsDavid Lee
Latest return
year to 30 September 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 September 2024. US dollars, as filed.- Total assets
- $4.4m
- Total liabilities
- $3k
- Net assets or fund balances
- $4.4m
- Contributions and grants received
- $917k
- Program service revenue
- $0
- Grants and similar paid out
- $330k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2023 | $1m | $452k | $598k |
As filed on the IRS Form 990. US dollars.
Grants paid
12 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Korean American Special Education Center | Matching grant from Scott & Christina Yang Foundation | $100k |
| Koreatown Senior & Community Center | Grant from Robin Kim | $50k |
| Anderson Munger Family YMCA | 2023 Grantee | $20k |
| Korean American Story Inc | 2023 Grantee | $20k |
| Korean American Coalition | 2023 Grantee | $20k |
| Korean American Family Services | 2023 Grantee | $20k |
| Zion Mountain Foundation | Grant from Young Kim at IRIS | $20k |
| Koreatown Senior & Community Center | Grant from Hanmi Bank | $10k |
| Koreatown Youth & Community Center | 2023 Grantee | $10k |
| The Korean American Federation of Los Angeles | End of Year Fundraiser | $10k |
| Koreatown Youth & Community Center | End of Year Fundraiser | $10k |
| Koreatown Senior & Community Center | 2023 Grantee | $10k |