Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990.
Kae H Jo’s $50K as Interim Executive Director is at the 6th percentile of top reported officer pay among 1691 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves lives of vulnerable, especially Korean Americans, and builds community organizations' capacity.
Questions for Korean American Foundation
Your first name shows with your question. Korean American Foundation answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.5M | $3.0M |
| InvestmentsLn 11–13 | $199K | $518K |
| Total assetsLn 16 | $2.7M | $4.4M |
| LiabilitiesLn 26 | $74K | $3K |
| Net assetsLn 32 | $2.7M | $4.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $330K | $330K | ||
| Other salaries and wagesLn 7 | $14K | $14K | ||
| Payroll taxesLn 10 | $2K | $2K | ||
| Office expensesLn 13 | $2K | $2K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $95K | $95K | ||
| All other expensesLn 24e | $5K | $5K | ||
| Total functional expensesLn 25 | $452K | $330K | $121K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.0M | $452K | $598K | $4.4M | 990 PDF |
| FY2023 | $1.2M | $550K | $623K | $2.7M | 990 PDF |
| FY2022 | $2.4M | $572K | $1.8M | $2.0M | 990 PDF |
| FY2021 | $170K | $263K | 990 PDF | ||
| FY2020 | $150K | $196K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,049,886 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $1,049,886 across 8 lines filed
Part IX · Statement of functional expenses $451,584 across 7 lines filed
Part X · Balance sheet $4,375,160 assets, 12 lines filed
Part XI · Reconciliation of net assets $4,371,678 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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