2024-04-15T18:31:13-05:00 2023-09-30 202227407 CKP LLP 3435 WILSHIRE BLVD SUITE 2240 LOS ANGELES CA 90010 990 2022-10-01 832513160 KOREAN AMERICAN FOUNDATION KORE 2137922301 3600 WILSHIRE BLVD 722 LOS ANGELES CA 90005 KAE HONG KO INTERIM EXECUTIVE DIRECTOR 2138927700 2024-04-15 1 KAE HONG KO XXX-XX-XXXX 0 Kiho Choi P00545677 2134809100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN KANG 3600 WILSHIRE BLVD 722 LOS ANGELES CA 90005 1172842 0 X https://koreanamericanfoundation.org/ X 2018 CA Our mission is to (i) improve the lives of the most vulnerable and marginazlied members of our community with a particular focus on Korean Americans, (ii) promote philanthropy and be an effective and diligent steward of charitable funds, and (iii) collaborate with community based organizations to build their capactiy to increase their effectiveness and ensure their sustainability. 5 5 0 0 65517 0 2350578 1107325 0 0 7703 65512 0 5 2358281 1172842 500000 460000 0 0 60817 74514 0 0 0 10928 15628 571745 550142 1786536 622700 2042303 2737739 1161 73520 2041142 2664219 X None 0 0 KAF fulfills its mission and vision by raising and stewarding funds in order to strategically give back to the community through the administration of grants to nonprofits whose work address the most pressing needs of our community. KAF provides fundholder services, assisting with gift administration and providing expertise based on the donor's philanthropic interests. 25000 25000 Activity Classification: Charitable GrantGrantee Name: KOREATOWN YOUTH & COMMUNITY CENTER (KYCC)Grantee Address: 3727 W. 6th St, Ste 300 Los Angeles, CA 90020 Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 10000 10000 Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN SPECIAL EDUCATION CENTERGrantee Address: 1233 S. Western Ave. Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 10000 10000 Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FAMILY SERVICESGrantee Address: 3727 W. 6th St, Ste 320, Los Angeles, CA 90020Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 5000 5000 Activity Classification: Charitable GrantGrantee Name: TURBO CHARITABLE FOUNDATIONGrantee Address: 12 Upper Blackwater Canyon Rd. Rolling Hills, CA 90274Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 20000 20000 Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FEDERATION OF LOS ANGELESGrantee Address: 981 S. Western Ave., #100 Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 10000 10000 Activity Classification: Charitable GrantGrantee Name: LOS ANGELES REGIONAL FOOD BANKGrantee Address: 1734 East 41st St, Los Angeles, CA 90058Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 10000 10000 Activity Classification: Charitable GrantGrantee Name: ABILITY FIRSTGrantee Address: 789 N. Fair Oaks Ave. Pasadena, CA 91103Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 10000 10000 Activity Classification: Charitable GrantGrantee Name: KOREATOWN SENIOR AND COMMUNITY CENTERGrantee Address: 965 Normandie Ave., Ste 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 12/26/2022 200000 200000 Activity Classification: Charitable GrantGrantee Name: CALIFORNIA COMMUNITY FOUNDATIONGrantee Address: 717 W. Temple St., Los Angeles, CA 90012Grantee Relationship: NoneProperty Description: CashDate of Gift: 01/24/2023 100000 100000 Activity Classification: Charitable GrantGrantee Name: ABILITY FIRSTGrantee Address: 789 N. Fair Oaks Ave. Pasadena, CA 91103Grantee Relationship: NoneProperty Description: CashDate of Gift: 06/15/2023 5000 5000 Activity Classification: Charitable GrantGrantee Name: KOREATOWN SENIOR AND COMMUNITY CENTERGrantee Address: 965 Normandie Ave., Ste 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 06/21/2023 10000 10000 Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN CHAMBER OF COMMERCEGrantee Address: 3435 Wilshire Blvd., Suite 2450 Los Angeles, CA 90010Grantee Relationship: NoneProperty Description: CashDate of Gift: 07/11/2023 5000 5000 Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN COMMUNITY CENTER SAN FRANCISCOGrantee Address: 2473 Aram Avenue, San Jose, CA 95218Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/15/2023 5000 5000 Activity Classification: Charitable GrantGrantee Name: KOREATOWN SENIOR AND COMMUNITY CENTERGrantee Address: 965 Normandie Ave., Ste 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/20/2023 10000 10000 Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FEDERATION OF LOS ANGELESGrantee Address: 981 S. Western Ave., #100 Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/20/2023 10000 10000 Activity Classification: Charitable GrantGrantee Name: KOREAN AMERICAN FEDERATION OF LOS ANGELESGrantee Address: 981 S. Western Ave., #100 Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/27/2023 10000 10000 Activity Classification: Charitable GrantGrantee Name: KOREA TOWN SENIOR AND COMMUNITY CENTERGrantee Address: 965 Normandie Ave., Ste 200, Los Angeles, CA 90006Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/27/2023 5000 5000 Activity Classification: Charitable GrantGrantee Name: MILAN MISSIONGrantee Address: 14545 Valley View Ave, STE S, Santa Fe Springs, CA 90670Grantee Relationship: NoneProperty Description: CashDate of Gift: 09/27/2023 460000 460000 460000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X KOREAN AMERICAN FOUNDATION 2137922301 3600 WILSHIRE BLVD 722 LOS ANGELES CA 90005 TERESA MOSQUEDA BOARD MEMBER 0.00 X 0 0 0 DAVID LEE BOARD MEMBER 0.00 X 0 0 0 ROBIN KIM BOARD MEMBER 0.00 X 0 0 0 THOMAS HAN BOARD MEMBER 0.00 X 0 0 0 JERRY KANG BOARD MEMBER 0.00 X 0 0 0 ALBERT JANG BOARD MEMBER 0.00 X 0 0 0 KAE H JO INTERIM EXECUTIVE DIRECTOR 1.00 X 50000 0 0 JOHN LIM SECRETARY 0.00 X 0 0 0 WILLIAM CHOI GENERAL COUNSEL 0.00 X 0 0 0 KEVIN KANG CHIEF EXECUTIVE OFFICER 0.00 X 0 0 0 JOANNE KIM CHIEF FINANCIAL OFFICER 0.00 X 0 0 0 50000 0 0 0 0 0 0 0 1107325 55825 1107325 65512 65512 Other income 900099 5 5 5 1172842 0 65517 0 460000 460000 64400 64400 10114 10114 1288 1288 5290 5290 Repair and maintaence e 7929 7929 Meal 847 847 Filing expense 200 200 Other expense 74 74 550142 460000 90142 0 1899737 2516790 22180 42566 98769 100000 100000 2042303 2737739 69000 1161 4520 1161 73520 X 541142 1019219 1500000 1645000 2041142 2664219 2042303 2737739 622700 377 0 X X 0 0 0 X 90000 150066 169926 2350578 1107325 3867895 90000 150066 169926 2350578 1107325 3867895 3867895 7703 65512 73215 5 5 3941115 0.98140 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 55825 1000000 98769 1 1 0 Payroll Liabilities 1104 Credit Card Payable 3416 4520 1172842 0 1172842 0 1172842 550142 0 550142 0 550142 0 KOREATOWN YOUTH & COMMUNITY CENTER (KYCC) 3727 W 6th St Ste 300 Los Angeles CA 90020 953779389 25000 0 2022 General Charitable Grant KOREAN AMERICAN SPECIAL EDUCATION CENTER 1233 S Western Ave Los Angeles CA 90006 201635852 10000 0 2022 General Charitable Grant KOREAN AMERICAN FAMILY SERVICES 3727 W 6th St Ste 320 Los Angeles CA 90020 953899329 10000 0 2022 General Charitable Grant KOREAN AMERICAN FEDERATION OF LOS ANGELES 981 S Western Ave 100 Los Angeles CA 90006 953842560 20000 0 2022 General Charitable Grant LOS ANGELES REGIONAL FOOD BANK 1734 East 41st St Los Angeles CA 90058 953135649 10000 0 2022 General Charitable Grant ABILITY FIRST 789 N Fair Oaks Ave Pasadena CA 91103 951690983 10000 0 2022 General Charitable Grant KOREATOWN SENIOR AND COMMUNITY CENTER 965 Normandie Ave Ste 200 Los Angeles CA 90006 202761167 10000 0 2022 General Charitable Grant CALIFORNIA COMMUNITY FOUNDATION 717 W Temple St Los Angeles CA 90012 953510055 200000 0 Regrant from Robin Kim to DAF held at CCF ABILITY FIRST 789 N Fair Oaks Ave Pasadena CA 91103 951690983 100000 0 Regrant from Myung K. Yang donor-advised grant KOREAN AMERICAN CHAMBER OF COMMERCE 3435 Wilshire Blvd Suite 2450 Los Angeles CA 90010 953997999 10000 0 NextGen event donation KOREAN AMERICAN FEDERATION OF LOS ANGELES 981 S Western Ave 100 Los Angeles CA 90006 953842560 10000 0 Donation to Chuseok event KOREAN AMERICAN FEDERATION OF LOS ANGELES 981 S Western Ave 100 Los Angeles CA 90006 953842560 10000 0 Donation to Chuseok event KOREA TOWN SENIOR AND COMMUNITY CENTER 965 Normandie Ave Ste 200 Los Angeles CA 90006 202761167 10000 0 General donation X 5000 51825 0 0 0 Form 990, Part VI, Section B, line 11b THE TAX RETURN IS PRESENTED TO GOVERNING BODY OF THE ORGANIZATION BEFORE THE FILING FOR APPROVAL. Form 990, Part VI, Section B, line 12c THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH REQUIRES OFFICERS, DIRECTORS AND KEY EMPLOYEES TO DISCLOSE ANY SITUATION WHERE AN ACTUAL OR POTENTIAL CONFLICT MAY EXIST. Form 990, Part VI, Section B, line 15 COMPENSATION PROCESS FOR OFFICERS THE BOARD DETERMINES AND APPROVES THE COMPENSATION PACKAGE OF OTHER OFFICERS AND KEY EMPLOYEES. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAINTAINS BOARD OF DIRECTORS MEETING MINUTES AS WELL THE SIGNATURE OF ALL BOARD MEMBERS. THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. Form 990, Part XII, Line 2C THE ORGANIZATION HAS A BOARD OF DIRECTOR THAT OVERSEES FINANCIAL STATEMENTS REVIEW. THERE WERE NO CHANGES IN YEAR 2022