Private Foundation · CA
Otefe Foundation Inc
Los Angeles, CA · EIN 461628941 · Website ↗ · 990s on ProPublica ↗
Assets
$7.4M
Total Giving
$1.5M
Grants on File
4
Average Grant
$382K
Giving Radius
Where Otefe Foundation Inc Has Given
Section I
How to Apply
otefe.org/apply-for-scholarship/
On Unsolicited Proposals yes
Restrictions
The Applicants Must Show: (1) Great Aptitude and Desire to Better the Korean American Communities in the US and/or the Korean Communities in the Republic of Korea or Elsewhere in the World and (2) Financial Hardship.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| Los Angeles, CA | $406K | 2020 |
| Los Angeles, CA | $442K | 2021 |
| Los Angeles, CA | $325K | 2022 |
| Los Angeles, CA | $356K | 2023 |
4 grants total
Section V
Board of Directors
- Alex Ko Chief Executive Officer
- John Y Kim Secretary
- Richard Kim Chief Financial Officer
- Alex Ko Chief Executive Officer
- John Y Kim Secretary
- Richard Kim Chief Financial Officer
- Alex Ko Chief Executive Officer
- John Y Kim Secretary
- Richard Kim Chief Financial Officer
- Alex Ko Chief Executive Officer
- John Y Kim Secretary
- Richard Kim Chief Financial Officer
Section VI
Filing History
Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.
| Year | Total Assets | Qualifying Distributions | Total Revenue | Total Expenses |
|---|---|---|---|---|
| 2023 | $7.2M | $344K | $-156,214 | $404K |
| 2022 | $6.8M | $359K | $-193,682 | $375K |
| 2021 | $8.0M | $407K | $393K | $493K |
| 2020 | $8.3M | $391K | $550K | $459K |
| 2019 | $8.2M | $391K | $437K | $442K |
| 2015 | $8.1M | $412K | $315K | $487K |
| 2014 | $8.4M | $415K | $204K | $453K |
| 2013 | $8.7M | — | $8.7M | — |
Section VII
Foundations Like This One
Similar in focus area, location, and asset size. Worth researching as part of the same campaign.