YS KIM FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- YS KIM FOUNDATION INC (EIN 66-0927716)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-06
- IRS object ID
- 202531269349104243
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-06T20:28:15-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 COMMERCE DRIVE SUITE 301 | AddressLine1Txt |
| City | CRANFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 070163618 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 660927716 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YS KIM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | YSKI | BusinessNameControlTxt |
| Phone | 6462331989 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6100 RED HOOK QUARTER 2 SUITE A3-1 | AddressLine1Txt |
| City | ST THOMAS | CityNm |
| State Abbreviation | VI | StateAbbreviationCd |
| ZIP | 00802 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHARLES KIM | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6462331989 | PhoneNum |
| Signature | 2025-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT BROWN | PreparerPersonNm |
| PTIN | P02104034 | PTIN |
| Phone | 9082726200 | PhoneNum |
| Preparation | 2025-05-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,304,395 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $138,617 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $270,638 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $270,638 | InterestOnSavNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$5,504,336 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,472,214 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,449,791 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $236,382 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $236,382 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | -$4,858,699 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,720,429 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $236,382 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $209,530 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $209,530 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $555,624 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $559,066 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $155,098 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $165,660 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $14,293 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $14,293 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $53,005 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $51,494 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $372,043 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $372,043 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $52,030 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $5,321 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $102,503 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $102,375 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $862,693 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $227,168 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $673,842 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,382,140 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $227,168 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,148,303 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $560,720 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $560,720 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,942,860 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $227,168 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,709,023 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$7,801,559 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,720,429 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $9,214 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $23,750 | CashBOYAmt |
| Cash EOY | $26,798 | CashEOYAmt |
| Cash EOYFMV | $26,798 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $3,993,823 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,076,060 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,076,060 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $77 | AcctRcvblBOYAmt |
| Prepaid Expenses BOY | $131,973 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $180,663 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $180,663 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $10,376,600 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $33,057 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,183 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $26,195 | LandBOYAmt |
| Land EOY | $20,874 | LandEOYAmt |
| Land EOYFMV | $20,874 | LandEOYFMVAmt |
| Total Assets BOY | $14,552,418 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,304,395 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,304,395 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $2,593 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $53,850 | DeferredRevenueBOYAmt |
| Other Liabilities BOY | $12,535 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $17,525 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $66,385 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $20,118 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $14,486,033 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $7,284,277 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,486,033 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,284,277 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,552,418 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,304,395 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,486,033 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$7,801,559 | ExcessRevenueOverExpensesAmt |
| Other Increases | $599,803 | OtherIncreasesAmt |
| Subtotal | $7,284,277 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,284,277 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SALE OF DONATED SECURITY | PropertyDesc |
| How Acquired | D | HowAcquiredCd |
| Gross Sales Price | $5,472,214 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,022,423 | CostOrOtherBasisAmt |
| Gain Or Loss | $3,449,791 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $3,449,791 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,449,791 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $51,714 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $51,714 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $51,714 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $52,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $52,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $286 | OverpaymentAmt |
| Applied To ES Tax | $286 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VI | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.YSKIM.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6462331989 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6100 RED HOOK QUARTER 2 SUITE A3-1 | AddressLine1Txt |
| City | ST THOMAS | CityNm |
| State Abbreviation | VI | StateAbbreviationCd |
| ZIP | 00802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| CHARLES KIM | ||||||||
| 6100 RED HOOK QUARTER 2 SUITE A3-1 | ST THOMAS | VI | 00802 | PRESIDENT | 3.00 | $0 | $0 | $0 |
| JAMES KIM | ||||||||
| 6100 RED HOOK QUARTER 2 SUITE A3-1 | ST THOMAS | VI | 00802 | SECRETARY | 2.00 | $27,500 | $30,199 | $0 |
| ANDREW PARK | ||||||||
| 6100 RED HOOK QUARTER 2 SUITE A3-1 | ST THOMAS | VI | 00802 | TREASURER | 3.00 | $0 | $0 | $0 |
| JOY WHEELER BEGAN 12424 | ||||||||
| 2 WOOSTER STREET 2ND FLOOR | NEW YORK | NY | 10013 | MANAGING DIRECTOR | 40.00 | $16,875 | $0 | $0 |
| APRIL BANG | ||||||||
| 2 WOOSTER STREET 2ND FLOOR | NEW YORK | NY | 10013 | EXECUTIVE DIRECTOR | 40.00 | $165,155 | $14,970 | $0 |
| JEAN SU MAENG KIM | ||||||||
| 6100 RED HOOK QUARTER 2 SUITE A3-1 | ST THOMAS | VI | 00802 | DIRECTOR | 1.50 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| SUMMER GUTHERY | ||||||||
| 351 CANAL STREET | NEW YORK | NY | 10013 | ARTISTIC DIRECTOR | 40.00 | $139,256 | $21,657 | $0 |
| BENJAMIN OSER | ||||||||
| 2 WOOSTER STREET 2ND FLOOR | NEW YORK | NY | 10013 | PROGRAM OFFICER & CO | 40.00 | $95,400 | $12,728 | $0 |
| JOOHYON DOO | ||||||||
| 2 WOOSTER STREET 2ND FLOOR | NEW YORK | NY | 10013 | DIRECTOR OF STRATEGI | 40.00 | $83,390 | $9,820 | $0 |
| JINHEE PARK | ||||||||
| 2 WOOSTER STREET 2ND FLOOR | NEW YORK | NY | 10013 | PROGRAM COORDINATOR | 40.00 | $60,917 | $12,178 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE BRIDGESPAN GROUP INC | |||||
| 333 7TH AVE 11TH FLOOR | NEW YORK | NY | 10001 | PHILANTHROPY STRATEGY CONSULTANT | $275,000 |
| CULTURE COUNSEL | |||||
| 311 EAST BROADWAY 4TH FLOOR | NEW YORK | NY | 10002 | PUBLIC RELATION SERVICES | $96,943 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | CAMP NARU LLCYS KIM FOUNDATION SUPPORTS AN IMMERSIVE LEARNING EXPERIENCE FOR KOREAN AMERICAN YOUTH TO STRENGTHEN THEIR UNDERSTANDING AND APPRECIATION OF THEIR CULTURAL HERITAGE AND IDENTITY AND GROW IN SELF ESTEEM. | Description1Txt |
| Expenses1 | $576,015 | Expenses1Amt |
| Description2 | CANAL PROJECTS, LLCYS KIM FOUNDATION SUPPORTS FORWARD-THINKING LOCAL AND INTERNATIONAL ARTISTS AT PIVOTAL MOMENTS IN THEIR CAREERS THROUGH EXHIBITIONS, RESEARCH, AND INTERPRETATION OF THEIR WORK. | Description2Txt |
| Expenses2 | $1,017,090 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,989,892 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,218,257 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,208,149 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,208,149 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $138,122 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,070,027 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $453,501 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $453,501 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $51,714 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $51,714 | TotalTaxAmt |
| Distributable Before Adj | $401,787 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $401,787 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $401,787 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,709,023 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,709,023 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $401,787 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $1,490,177 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,585,188 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,075,365 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,709,023 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $401,787 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,307,236 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $5,382,601 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $5,382,601 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $1,490,177 | ExcessFromYear2Amt |
| Excess From Year1 | $1,585,188 | ExcessFromYear1Amt |
| Excess From Current Year | $2,307,236 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CHARLES KIM | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BINGHAMTON STATE UNIVERSITY OF NEW YORK (SUNY) FOUNDATION | |||||||
| PO BOX 6005 | BINGHAMTON | NY | 13902 | N/A | PC | EDUCATIONAL PLEDGE PAYMENTS AT BINGHAMTON UNIVERSITY | $402,357 |
| CIVIL ART (FISCAL SPONSOR PLAYERS PHILANTHROPY FUND) | |||||||
| 1122 KENILWORTH DR STE 201 | TOWSON | MD | 21204 | N/A | PC | SPONSORSHIP OF CIVIL ART'S NIGHT MARKET EXHIBITION AND PUBLIC PROGRAMS FOR AAPI ARTISTS, YOUTH, AND COMMUNITY AT LARGE | $20,000 |
| KOREAN AMERICAN COMMUNITY FOUNDATION (KACF) | |||||||
| 135 E 64TH STREET | NEW YORK | NY | 10065 | N/A | PC | SPONSORSHIP OF KACF NONPROFIT CONVENING AND GIVING SUMMIT IN LA | $10,363 |
| KOREAN AMERICAN STORY (KAS) | |||||||
| 4 CHERRY LN | SCARSDALE | NY | 10583 | N/A | PC | SPONSORSHIP OF ROAR STORY SLAM EVENT IN DC + LEGACY PROJECT HOLLYWOOD | $27,000 |
| KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC | |||||||
| 203-05 32ND AVENUE | BAYSIDE | NJ | 11361 | N/A | PC | ANNUAL GALA SPONSORSHIP FOR KCS | $10,000 |
| KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC | |||||||
| 203-05 32ND AVENUE | BAYSIDE | NJ | 11361 | N/A | PC | GRANT TO SUPPPORT KOREAN AND AAPI YOUTH ART PROGRAMS AND COMMUNITY ART COMPETITION EVENT | $20,000 |
| MADISON SQUARE PARK CONSERVANCY INC | |||||||
| ELEVEN MADISON AVENUE 15TH FL | NEW YORK | NY | 10010 | N/A | PC | SPONSORSHIP OF TASTE OF ASIA TO BENEIFT APEX FOR YOUTH AND MADISON SQUARE PARK CONSERVANCY | $50,000 |
| NATIONAL CENTER FOR FAMILY PHILANTHROPY | |||||||
| 1667 K STREET NW STE 350 | WASHINGTON | DC | 20006 | N/A | PC | ANNUAL MEMBERSHIP FEE | $1,000 |
| SOLOMON R GUGGENHEIM FOUNDATION | |||||||
| 1071 5TH AVE | NEW YORK | NY | 10128 | N/A | PC | AQUISITION PLEDGE PAYMENT TO GUGGENHEIM ASIAN ART CIRCLE 2024 FALL ART FUND | $5,000 |
| SOLOMON R GUGGENHEIM FOUNDATION | |||||||
| 1071 5TH AVE | NEW YORK | NY | 10128 | N/A | PC | ASIAN ART CIRCLE MEMBERSHIP FEE | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $560,720 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAMP TUITION | Desc |
| Exclusion | 01 | ExclusionCd |
| Related Or Exempt Function Incm | $227,168 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $270,638 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$5,504,336 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| CREDIT CARD CASH BACK REWARD | 01 | $7,675 |
| MISC INCOME | 01 | $1,539 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$5,224,484 | ExclusionAmt |
| Related Or Exempt Function Incm | $227,168 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$4,997,316 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1A | LineNumberTxt |
| Relationship Statement | CAMP REVENUE FOR CAMP NARU IS USED TO SUPPORT AN IMMERSIVE LEARNING EXPERIENCE FOR KOREAN AMERICAN YOUTH TO STRENGTHEN THEIR UNDERSTANDING AND APPRECIATION OF THEIR CULTURAL HERITAGE AND IDENTITY AND GROW IN SELF ESTEEM. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| JEAN SU MAENG KIM | ||||||
| 1 | 6100 RED HOOK QUARTER 2 SUITE A3-1 | ST THOMAS | VI | 00802 | $112,500 | Yes (X) |
| KOREAN AMERICAN FAMILY SERVICE CENTER | ||||||
| 2 | 154-19 NORTHERN BLVD SUITE 2F3 | FLUSHING | NY | 11354 | $20,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & TAX PREPARATION FEES | CategoryTxt |
| Amt | $53,005 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $51,494 | DisbursementsCharitablePrpsAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| EQUIPMENT | $30,331 | $11,210 | $19,121 | $19,121 |
| FURNITURE & FIXTURES | $2,726 | $973 | $1,753 | $1,753 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| LEGAL FEES - PROGRAM RELATED | $3,250 | $0 | $0 | $3,250 |
| LEGAL FEES - GENERAL | $11,043 | $0 | $0 | $11,043 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADVERTISING & PROMOTIONAL FEES | $16,199 | $0 | $0 | $16,499 |
| BANK CHARGES & FEES | $924 | $0 | $0 | $924 |
| BINGHAMTON SCHOLAR PROGRAMMING EXPENSES | $70 | $0 | $0 | $70 |
| BOARD EXPENSES | $1,636 | $0 | $0 | $1,636 |
| CLEANING SERVICES | $7,278 | $0 | $0 | $7,278 |
| EQUIPMENT REPAIRS & REPLACEMENTS | $5,677 | $0 | $0 | $5,677 |
| ARTWORK EXHIBITION FEES | $351,324 | $0 | $0 | $370,130 |
| FILING FEES | $3,305 | $0 | $0 | $3,305 |
| GALLERY PROGRAMMING EXPENSE | $97,460 | $0 | $0 | $118,015 |
| INFO TECHNOLOGY & INTERNET | $22,778 | $0 | $0 | $22,778 |
| INSURANCE | $29,418 | $0 | $0 | $26,600 |
| OFFICE SUPPLIES | $8,650 | $0 | $0 | $8,783 |
| PAYROLL SERVICE FEES | $9,470 | $0 | $0 | $9,470 |
| RESEARCH FEES | $1,149 | $0 | $0 | $1,110 |
| STAFF RECRUITMENT FEES | $1,075 | $0 | $0 | $1,275 |
| SUMMER CAMP OPERATIONS | $286,979 | $0 | $227,168 | $60,991 |
| UTILITIES MAINTENANCE & REPAIR | $19,301 | $0 | $0 | $19,301 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| CAMP TUITION | $227,168 | $227,168 |
| CREDIT CARD CASH BACK REWARD | $7,675 | $7,675 |
| MISC INCOME | $1,539 | $1,539 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $599,803 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PAYROLL LIABILITY | $4,614 | $1,172 |
| CREDIT CARD PAYABLE | $7,921 | $16,353 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROGRAM CONSULTING | $275,000 | $0 | $0 | $275,000 |
| PUBLIC RELATION SERVICES | $97,043 | $0 | $0 | $97,043 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES PAID | CategoryTxt |
| Amt | $52,030 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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