Civic Intelligence

Dragon Kim Foundation

990 • Fiscal year 2018 • EIN 47-5197030

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

13217 Jamboree RoadTustin, CA 92782

(650) 533-6925

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$41,667

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

85th percentile

52%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

246%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$296,928

Up $101,130 (+52%) from 2017

Net Assets

Up

$284,575

Up $101,943 (+56%) from 2017

Liabilities

Down

$12,353

Down $813 (-6.2%) from 2017

Revenue

Up

$290,988

Up $206,780 (+246%) from 2017

Expenses

Up

$189,045

Up $132,337 (+233%) from 2017

Net Income

Up

$101,943

Up $74,443 (+271%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2016: $162,358Liabilities 2016: $1Net Assets 2016: $162,3572016Assets 2017: $195,798Liabilities 2017: $13,166Net Assets 2017: $182,6322017Assets 2018: $296,928Liabilities 2018: $12,353Net Assets 2018: $284,5752018Assets 2019: $366,555Liabilities 2019: $16,674Net Assets 2019: $349,8812019Assets 2020: $517,360Liabilities 2020: $23,415Net Assets 2020: $493,9452020Assets 2021: $713,608Liabilities 2021: $26,099Net Assets 2021: $687,5092021Assets 2022: $746,234Liabilities 2022: $18,892Net Assets 2022: $727,3422022Assets 2023: $612,958Liabilities 2023: $16,559Net Assets 2023: $596,3992023Assets 2024: $315,171Liabilities 2024: $1,327Net Assets 2024: $313,8442024

Highlighted filing

2018

Assets$296,928
Liabilities$12,353
Net Assets$284,575

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $114,589Expenses 2016: $31,334Net Income 2016: $83,2552016Revenue 2017: $84,208Expenses 2017: $56,708Net Income 2017: $27,5002017Revenue 2018: $290,988Expenses 2018: $189,045Net Income 2018: $101,9432018Revenue 2019: $385,898Expenses 2019: $320,591Net Income 2019: $65,3072019Revenue 2020: $437,586Expenses 2020: $293,522Net Income 2020: $144,0642020Revenue 2021: $676,217Expenses 2021: $447,624Net Income 2021: $228,5932021Revenue 2022: $603,769Expenses 2022: $563,578Net Income 2022: $40,1912022Revenue 2023: $417,598Expenses 2023: $548,541Net Income 2023: -$130,9432023Revenue 2024: $399,009Expenses 2024: $718,952Net Income 2024: -$319,9432024

Highlighted filing

2018

Revenue$290,988
Expenses$189,045
Net Income$101,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$306,754
Mission and Program Overview

Mission

Our mission is to inspire our youth to impact their communities while exploring and pursuing thier passions.

All 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$181,632$277,015▲ $95,383
Prepaid Expenses and Deferred Charges-$10,000-
Land, Buildings, and Equipment, Net$12,716$8,549▼ $4,167
Accounts Receivable$1,450$0▼ $1,450
Inventories for Sale or Use-$1,364-
Total Assets$195,798$296,928▲ $101,130
Liabilities
Accounts Payable and Accrued Expenses$13,166$12,353▼ $813
Total Liabilities$13,166$12,353▼ $813
Net Assets / Fund Balance
Unrestricted Net Assets$182,632$284,575▲ $101,943
Total Net Assets Fund Balance$182,632$284,575▲ $101,943
Total Liabilities and Net Assets / Fund Balance$195,798$296,928▲ $101,130

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,549$20,731$29,280
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Grace KimExecutive DirectorFT$41,667$41,667

Board Members and Trustees

NameTitle
Daniel KimChairman
Bill TateBoard Member
Bonnie CarlsonBoard Member
Edward TsaiBoard Member
Helen YiBoard Member
Kerri SonenshineBoard Member
Teren ShafferBoard Member
Stacy HandleySecretary
Thao NgoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,668
Program Service Revenue
$38,176
Investment Income
$0
Other Revenue
$-9,856
All Other Contributions
$230,809
Change in Net Assets
$101,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,745
Salaries, Compensation, and Employee Benefits$45,100
Total Fundraising Expense$32,639
Grants and Similar Amounts Paid$16,200
Professional Fundraising Fees$16,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$20,834$12,500$8,333$41,667
Fees for Services Professional Fundraising--$16,000$16,000
Grants to Domestic Individuals$16,000--$16,000
Fees for Services Other$9,180$1,807$1,205$12,192
Depreciation Depletion-$8,708-$8,708
Occupancy$2,851$1,543$1,028$5,422
Advertising--$4,874$4,874
Payroll Taxes$1,716$1,030$687$3,433
Other Expenses$938$563$375$1,876
Office Expenses$661$267-$928
All Other Expenses$305$379-$684
Insurance-$402-$402
Grants to Domestic Orgs$200--$200
Travel$81$17-$98
Total Functional Expenses$123,771$32,635$32,639$189,045
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$16,000
Fundraising Direct Expenses$15,766
Fundraising Gross Income$5,910

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$37,769$5,910$4,617$1,293
Total Events$37,769$5,910$15,766$-9,856
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Grace kim and daniel kim are married.

Form 990, Part VI, Section B, Line 11B

A draft of the form 990 will be reviewed by the board. The final copy of the form 990 will be forwarded to all members of the board before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The organization has all board members sign a conflict of interest policy annually.

Form 990, Part VI, Section B, Line 15A

A review of competitive and comparable salaries was used. The board reviewed and discussed the information before making the final determination.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Dragon Kim Foundation
EIN
47-5197030
Phone
6505336925
Address
13217 JAMBOREE ROAD, TUSTIN, CA 92782

Signing Officer

Name
Grace Kim
Title
Executive Director
Phone
6505336925
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grace Kim
Formed
2015
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
1
Volunteers
219

Preparer

Firm
Yh Advisors Inc
Address
5882 BOLSA AVENUE SUITE 100, HUNTINGTON BEACH, CA 92649
Preparer
Brian Yacker
Phone
3109822803
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE 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.
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt015000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt038521
IRS990/PYOtherRevenueAmt0-713
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027500
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt056708
IRS990/PYTotalProfFndrsngExpnsAmt03187
IRS990/PYTotalRevenueAmt084208
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0101943
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07514
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0262668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt084921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0114589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0462178
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt038176
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0392830
IRS990ScheduleA/SubstantialContributorsTotAmt069348
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0262668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt084921
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0114589
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0462178
IRS990ScheduleA/TotalSupportAmt0462178
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt08549
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020731
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029280
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08549
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANT WRITER
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt024000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt08000
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0ORANGE DOOR CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt016000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt010341 LOS ALAMITOS BLVD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0LOS ALAMITOS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd090720
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt031859
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt031859
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015766
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01550
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01550
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CONCERT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0782
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0782
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037769
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037769
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05910
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05910
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9856
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt06917
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt06917
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04617
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04617
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01900
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01900
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0PAID $2,000 A MONTH FOR 8 MONTHS
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART I, LINE 2B, COLUMN (V)
IRS990ScheduleG/TotalGrossReceiptsAmt024000
IRS990ScheduleG/TotalNetToOrganizationAmt08000
IRS990ScheduleG/TotalRetainedByContractorsAmt016000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt016000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TO APPLY FOR A DKF COLLEGE SCHOLARSHIP, HIGH SCHOOL SENIORS HAD TO SUBMIT THEIR TRANSCRIPT, AN ARTS SUPPLEMENT, A RESUME, AND AN ESSAY. IF SELECTED AS A FINALIST, THE CANDIDATE CAME IN FOR AN INTERVIEW. FROM THE INTERVIEWED CANDIDATES, DKF CHOSE TWO SCHOLARSHIP RECIPIENTS. THE READING AND INTERVIEW COMMITTEE CONSISTED OF SEVERAL COUNSELORS AND ADMINISTRATORS FROM THE HIGH SCHOOL, DANIEL KIM, AND GRACE KIM.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRACE KIM AND DANIEL KIM ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE BOARD. THE FINAL COPY OF THE FORM 990 WILL BE FORWARDED TO ALL MEMBERS OF THE BOARD BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A REVIEW OF COMPETITIVE AND COMPARABLE SALARIES WAS USED. THE BOARD REVIEWED AND DISCUSSED THE INFORMATION BEFORE MAKING THE FINAL DETERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0195798
IRS990/TotalAssetsEOYAmt0296928
IRS990/TotalAssetsGrp/BOYAmt0195798
IRS990/TotalAssetsGrp/EOYAmt0296928
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0262668
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032639
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032635
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123771
IRS990/TotalFunctionalExpensesGrp/TotalAmt0189045
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013166
IRS990/TotalLiabilitiesEOYAmt012353
IRS990/TotalLiabilitiesGrp/BOYAmt013166
IRS990/TotalLiabilitiesGrp/EOYAmt012353
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0182632
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0284575

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