LOS ANGELES, CA

Vessel Of Grace Inc.

Quick Facts

EIN: 271221031
Location: LOS ANGELES, CA
Phone: (818) 624-7321
Category: Religion
Total Assets: $4K
Annual Income: $200
IRS Ruling Year: 2010
Organization Type: Non-Operating Foundation
Principal Officer: % Stephen Whang
Tax Deductibility: Contributions are deductible

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About This Foundation

Vessel Of Grace Inc. is a private corporation based in LOS ANGELES, CA. The foundation received its IRS ruling in 2010. The principal officer is % Stephen Whang. It holds total assets of $4K. Annual income is reported at $200. SCHOLARSHIPS. According to available records, Vessel Of Grace Inc. has made 8 grants totaling $18K, with a median grant of $2K. Annual giving has decreased from $7K in 2020 to $6K in 2023. Individual grants have ranged from $250 to $6K, with an average award of $2K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in California and Florida and Tennessee. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

SCHOLARSHIPS

Expenses: $7K

Frequently Asked Questions

What does Vessel Of Grace Inc. fund?

SCHOLARSHIPS. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in CA, FL, TN.

How much does Vessel Of Grace Inc. give in grants?

Vessel Of Grace Inc. has distributed a total of $18K across 8 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $250 to $6K.

How do I apply for a grant from Vessel Of Grace Inc.?

Vessel Of Grace Inc. typically selects its grantees rather than accepting unsolicited proposals.

Where is Vessel Of Grace Inc. located?

Vessel Of Grace Inc. is headquartered in LOS ANGELES, CA. While based in CA, the foundation distributes grants to organizations across 3 states.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Sang Woo Kim	PRESIDENT	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$6K

2023+2%

Total Assets

$9K

2023-34%

Fair Market Value

$9K

2023

Net Worth

$9K

2023

Grants Paid

$6K

2023

Contributions

$1K

2023

Net Investment Income

2023

Distribution Amount

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Financial Details (2023)

Total Revenue: $1K
Total Expenses: $6K
Exempt Purpose Expenses: $6K
Required Distribution: $0
Undistributed Income: $0
Total Liabilities: $1

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$18K

Average Grant

$2K

Median Grant

$2K

Unique Recipients

Most Common Grant

$3K

Grant Disbursements by Year

Grant Range

Min$250

Max$6K

Median: $2K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

CA$17K (6)

FL$510 (1)

TN$250 (1)

Past Grantees

Recipient	Location	Amount	Year
Roosevelt ChurchCONTRIBUTION	Lancaster, CA	$3K	2023
Grace Bible ChurchCONTRIBUTION	Glendale, CA	$3K	2023
The Masters SeminarySCHOLARSHIP	Sun Valley, CA	$3K	2022
Horizon InternationalDONATION	Medley, FL	$510	2022
Grace Community ChurchCONTRIBUTION	Sun Valley, CA	$800	2020