DRAGON KIM FOUNDATION: Form 990EZ, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
DRAGON KIM FOUNDATION (EIN 47-5197030)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-10-23
IRS object ID
201802969349200325
Schema version
2017v2.3
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-10-23T13:43:26-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453269313PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1YH ADVISORS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17755 CENTER AVENUE SUITE 1225AddressLine1Txt
CityHUNTINGTON BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92647ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475197030EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE DRAGON KIM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDRAGBusinessNameControlTxt
Phone6505336925PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line113217 JAMBOREE ROADAddressLine1Txt
CityTUSTINCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92782ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGRACE KIMPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6505336925PhoneNum
Signature2018-10-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN YACKERPreparerPersonNm
PTINP00401346PTIN
Phone3109822803PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.98.172.90IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-10-10IPDt
IP Tm11:03:50IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id8D41E095EAD67939B2FD5C6002F5FD7099228674AtSubmissionCreationDeviceId
At Submission Filing Device Id8D41E095EAD67939B2FD5C6002F5FD7099228674AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2018-06-14 16:35:46ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressDRAGONKIMFOUNDATION.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$108,745GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$84,921ContributionsGiftsGrantsEtcAmt
Fundraising Gross Income$23,824FundraisingGrossIncomeAmt
Special Events Direct Expenses$24,537SpecialEventsDirectExpensesAmt
Special Events Net Income Loss-$713SpecialEventsNetIncomeLossAmt
Total Revenue$84,208TotalRevenueAmt
Grants And Similar Amounts Paid$15,000GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$3,187FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$1,002OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$1,036PrintingPublicationsPostageAmt
Other Expenses Total$36,483OtherExpensesTotalAmt
Total Expenses$56,708TotalExpensesAmt
Excess Or Deficit For Year$27,500ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$162,357NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$7,225OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$182,632NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$146,597BOYAmt
EOY$181,632EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$15,761BOYAmt
EOY$14,166EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$162,358BOYAmt
EOY$195,798EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1BOYAmt
EOY$13,166EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$162,357BOYAmt
EOY$182,632EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeALL KIDS DESERVE OPPORTUNITIES TO FIND AND EXPLORE THEIR INTERESTS SO THAT THEY CAN LEAD AMAZING LIVES. OUR MISSION IS TO PROVIDE FUNDING AND PROGRAMS TO ENABLE CHILDREN TO PURSUE THEIR PASSIONS WITHIN ACADEMICS, ATHLETICS, AND THE ARTS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
THE MUSIC PROGRAM SERVES 60+ ELEMENTARY SCHOOL STUDENTS FROM THE LOCAL COMMUNITIES, CHILDREN THAT OTHERWISE WOULDN'T HAVE THE OPPORTUNITY TO HAVE THESE MUSIC LESSONS FROM PROFESSIONAL INSTRUCTORS.$0$19,552
PROVIDE SCHOLARSHIPS TO TWO RECIPIENTS EACH YEAR TO STUDENTS THAT ARE ENROLLED AT A FOUR YEAR COLLEGE, AND REMAIN ENROLLED IN GOOD STANDING.$14,000$14,020
THE FELLOWSHIP PROGRAM TEACHES HIGH SCHOOL STUDENTS HOW TO SHARE THEIR PASSIONS AND HELP OTHERS BY CREATING A COMMUNITY SERVICE PROJECT. WE PUT THEM THROUGH AN INCUBATOR WHERE WE PROVIDE LEADERSHIP AND BUSINESS SKILLS TRAINING, WE MATCH THEM WITH BUSINESS MENTORS TO PLAN THEIR PROJECTS, AND WE PROVIDE A GRANT OF UP TO $5K TO FUND THEIR PROJECT.$0$13,898
FieldValueIRS element (for citing)
Total Program Service Expenses$47,470TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (9 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GRACE KIM
EXECUTIVE DIRECTOR40.00$0$0$0
DANIEL KIM
CHAIRMAN3.00$0$0$0
THAO NGO
TREASURER2.00$0$0$0
STACY HANDLEY
SECRETARY1.00$0$0$0
BONNIE CARLSON
BOARD MEMBER1.00$0$0$0
TEREN SHAFFER
BOARD MEMBER1.00$0$0$0
BILL TATE
BOARD MEMBER1.00$0$0$0
EDWARD TSAI
BOARD MEMBER1.00$0$0$0
HELEN YI
BOARD MEMBER1.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRACE KIMBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line113217 JAMBOREE ROADAddressLine1Txt
CityTUSTINCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92782ZIPCd
FieldValueIRS element (for citing)
Phone6505336925PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$114,589CurrentTaxYearMinus1YearAmt
Current Tax Year$84,921CurrentTaxYearAmt
Total$199,510TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$114,589CurrentTaxYearMinus1YearAmt
Current Tax Year$84,921CurrentTaxYearAmt
Total$199,510TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$9,040SubstantialContributorsTotAmt
Public Support Total170$190,470PublicSupportTotal170Amt
Total Support$199,510TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CONCERTEvent1Nm
Gross Receipts Event1$66,385GrossReceiptsEvent1Amt
Charitable Contri Event1$42,561CharitableContriEvent1Amt
Gross Revenue Event1$23,824GrossRevenueEvent1Amt
Non Cash Prizes Event1$13,449NonCashPrizesEvent1Amt
Rent Facility Costs Event1$2,037RentFacilityCostsEvent1Amt
Food And Beverage Event1$4,745FoodAndBeverageEvent1Amt
Entertainment Event1$1,650EntertainmentEvent1Amt
Other Direct Expenses Event1$2,656OtherDirectExpensesEvent1Amt
Gross Receipts Total$66,385GrossReceiptsTotalAmt
Charitable Contributions Tot$42,561CharitableContributionsTotAmt
Gross Revenue Total Events$23,824GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$13,449NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$2,037RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$4,745FoodAndBeverageTotalEventsAmt
Entertainment Total Events$1,650EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$2,656OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$24,537DirectExpenseSummaryEventsAmt
Net Income Summary-$713NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: EVE LA PUMA. GRANTEE RELATIONSHIP: UNRELATED. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 04/04/17. AMOUNT GIVEN: 5,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: DONATION. GRANTEE NAME: OCSA INSTRUMENTAL MUSIC. GRANTEE ADDRESS: 1010 N. MAIN STREET SANTA ANA, CA 92701. GRANTEE RELATIONSHIP: UNRELATED. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 12/31/17. AMOUNT GIVEN: 4,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: OLIVIA MAZZUCATO. GRANTEE RELATIONSHIP: UNRELATED. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 03/18/17. AMOUNT GIVEN: 2,500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: SOORIM LEE. GRANTEE RELATIONSHIP: UNRELATED. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 08/24/17. AMOUNT GIVEN: 2,500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: DONATION. GRANTEE NAME: KOLLABORATION. GRANTEE ADDRESS: 1933 S BROADWAY SUITE 745 LOS ANGELES, CA 90007. GRANTEE RELATIONSHIP: UNRELATED. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 12/05/17. AMOUNT GIVEN: 1,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 15,000.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: PROGRAM SUPPLIES. AMOUNT: 20,041. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 7,343. DESCRIPTION: MEALS & ENTERTAINMENT. AMOUNT: 3,899. DESCRIPTION: ADVERTISING & MARKETING. AMOUNT: 2,285. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 889. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 663. DESCRIPTION: BANK FEES. AMOUNT: 424. DESCRIPTION: TRAVEL. AMOUNT: 357. DESCRIPTION: FELLOWSHIP PROGRAM. AMOUNT: 300. DESCRIPTION: TRAINING. AMOUNT: 238. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 44. TOTAL TO FORM 990-EZ, LINE 16: 36,483.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETSDESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -7,225.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,450. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 15,761. END OF YEAR AMOUNT: 12,716.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 1. END OF YEAR AMOUNT: 13,166.
FORM 990-EZ, PAGE 1, LINE G:THE ORGANIZATION CHANGED FROM CASH TO ACCRUAL METHOD OF ACCOUNTING DURING THE FISCAL YEAR ENDING 12/31/2017.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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