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Nonprofit · EIN 20-8080868

GRACE CHARITY FOUNDATION INC

Tax-exempt · RANDOLPH, NJ 07869

Financials

$38K$719K2023$646K$422K2024$1.1M$435K2025
Revenue Expenses · by fiscal year end
Financials of GRACE CHARITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,056,801$434,665$622,136$5,226,105$755,962$4,470,143
December 31, 2024990-PF$646,157$421,682$224,475$4,602,159$754,152$3,848,007
December 31, 2023990-PF$38,270$718,979-$680,709$5,127,070$1,503,538$3,623,532
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$92,485
Net gain from sales of assets
$964,316

Expenses

Grants and similar amounts paid
$295,018
Disbursements for charitable purposes
$318,912
Excise tax on investment income
$13,087

Balance sheet and other

Total assets, start of year
$4,602,159
Total assets, end of year
$5,226,105
Total liabilities, end of year
$755,962
Net assets, end of year
$4,470,143
Fair market value of assets
$6,093,868
Qualifying distributions
$318,912
Net investment income
$1,056,801

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JINSOO KIM
11 EDGEWOOD TERRACE, RANDOLPH, NJ 07869
PRESIDENT4$0
SEONG KIM
11 EDGEWOOD TERRACE, RANDOLPH, NJ 07869
DIRECTOR1$0
STEPHEN KIM
100 RIVERSIDE BLVD 9F, NEW YORK, NY 10069
DIRECTOR1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
JINSOO KIM
11 EDGEWOOD TERRACE, RANDOLPH, NJ 07869
PRESIDENT4$0
SEONG KIM
11 EDGEWOOD TERRACE, RANDOLPH, NJ 07869
DIRECTOR1$0
STEPHEN KIM
100 RIVERSIDE BLVD 9F, NEW YORK, NY 10069
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
JINSOO KIM
11 EDGEWOOD TERRACE, RANDOLPH, NJ 07869
PRESIDENT4$0
SEONG KIM
11 EDGEWOOD TERRACE, RANDOLPH, NJ 07869
DIRECTOR1$0
STEPHEN KIM
100 RIVERSIDE BLVD 9F, NEW YORK, NY 10069
DIRECTOR1$0

Address and contacts

Address (IRS master file)
11 EDGEWOOD TER, RANDOLPH, NJ 07869-2821
In care of
% JINSOO KIM
Signed the 990-PF
JINSOO KIM, PRESIDENT
Phone
(201) 232-5599
Return prepared by
SEBIT LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
20-8080868
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2007
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$5,226,105
Income (IRS master file)
$9,954,028

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,056,801$434,665$5,226,105IRS
990-PFDecember 2024$646,157$421,682$4,602,159IRS
990-PFDecember 2023$38,270$718,979$5,127,070XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8080868).

Questions about GRACE CHARITY FOUNDATION INC

What is the EIN of GRACE CHARITY FOUNDATION INC?
The employer identification number (EIN) of GRACE CHARITY FOUNDATION INC is 20-8080868.
Is GRACE CHARITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to GRACE CHARITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GRACE CHARITY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of GRACE CHARITY FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRACE CHARITY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of GRACE CHARITY FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does GRACE CHARITY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,056,801, expenses of $434,665 and total assets of $5,226,105 at year end.

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