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The Grace And Mercy Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$40.9M (2022)

Expenses
$64.4M (2022)

Total Assets
$511M (2022)

Total Liabilities
$124k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$40,912,250
Expenses
$64,432,200
Net Income
-$105,344,450
Net Assets
$510,393,377
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,480,656
Dividends $205,051
Sales of Assets -$45,244,150
Other Income $1,646,193
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,566,442
80.0%
Compensation of Officers* $4,536,204
7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $510,517,361
Total Liabilities $123,984
Net Assets $510,393,377
Compensation
Key Employees and Officers Compensation Other
Diana Pae (Chief Operating Officer) $1,029,250 $100,325
Hyunwoo Nam (Investment Officer) $798,750 $75,370
Sumi Kim (Co President) $699,615 $93,978
Su Lee (Investment Officer) $663,073 $41,405
Christopher Mcpadden (Co President) $635,213 $93,663
Fernanda Piedra (Compliance Officer) $564,750 $89,724
Daiki Taniguchi (Investment Officer A) $539,712 $75,425
Patrick Halligan (Treasurer) $539,396 $76,274
Imhyuk Yi (Treasurer) $537,750 $71,586
Brandon Berger (Investment Officer) $537,750 $73,928
Andrew Mills (Co Chairman And Director) $381,000 $49,598
Kayla Brown (Secretary) $375,231 $75,834
Daniel Sanford (Secretary) $338,750 $63,270
Becky Hwang (Vice President And Director) $0 $0
Sung Kook Hwang (Co Chairman And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,220,039
Expenses
$47,351,140
Net Income
$52,868,899
Net Assets
$617,015,843
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6
0.0%
Interest Revenue $343,710
0.3%
Dividends $4
0.0%
Sales of Assets $94,883,985
94.7%
Other Income $4,992,334
5.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,539,591
83.5%
Compensation of Officers* $2,764,681
5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $617,102,449
Total Liabilities $86,606
Net Assets $617,015,843
Compensation
Key Employees and Officers Compensation Other
Sumi Kim (Co President) $665,000 $67,362
Christopher Mcpadden (Co President) $613,000 $68,671
Ae Ran Moon (Program Officer) $486,000 $57,108
Diana Pae (Chief Operating Officer) $470,714 $34,365
Eung Sik Kim (Program Officer) $465,000 $68,890
Patrick Halligan (Treasurer) $430,714 $34,392
Lanyu Xu (Program Officer) $363,000 $40,996
Daniel Sanford (Secretary) $358,000 $65,239
Hyunwoo Nam (Investment Officer) $356,538 $25,467
Su Lee (Investment Officer) $327,692 $17,312
Andrew Mills (Co Chairman And Director) $227,253 $14,742
Becky Hwang (Vice President And Director) $0 $0
Sung Kook Hwang (Co Chairman And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$99,674,577
Expenses
$31,443,541
Net Income
$68,231,036
Net Assets
$805,038,550
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,033,912
4.0%
Interest Revenue $1,922,271
1.9%
Dividends $44,476
0.0%
Sales of Assets $91,937,677
92.2%
Other Income $1,736,241
1.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,329,688
90.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $805,065,861
Total Liabilities $27,311
Net Assets $805,038,550
Compensation
Key Employees and Officers Compensation Other
Sumi Kim (Co President) $650,000 $64,535
Christopher Mcpadden (Co President) $550,000 $65,164
Ae Ran Moon (Program Officer) $465,000 $55,049
Eung Sik Kim (Program Officer) $450,000 $66,064
Daniel Sanford (Program Officer) $340,000 $62,412
Lanyu Xu (Program Officer) $340,000 $38,445
Samuel Tran (Program Officer) $235,000 $49,732
Sung Kook Hwang (Director) $0 $0
Becky Hwang (Vice President And Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Andrew Mills (Co Chairman And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,957,810
Expenses
$29,126,298
Net Income
$3,831,512
Net Assets
$581,419,135
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $14,126,735
42.9%
Interest Revenue $7,692,339
23.3%
Dividends $308,626
0.9%
Sales of Assets $10,857,480
32.9%
Other Income -$27,370
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,778,634
95.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $581,469,730
Total Liabilities $50,595
Net Assets $581,419,135
Compensation
Key Employees and Officers Compensation Other
Sumi Kim (President) $525,000 $58,160
Eung Sik Kim (Program Officer) $400,000 $48,489
Lanyu Xu (Program Officer) $290,000 $32,389
Daniel Sanford (Program Officer) $290,000 $56,063
Ae Ran Moon (Program Officer) $277,612 $24,699
Samuel Tran (Program Officer) $205,000 $33,127
Sung Kook Hwang (Director) $0 $0
Becky Hwang (V.P./Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Andrew Mills (Vice Chairperson) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$48,585,847
Expenses
$20,922,559
Net Income
$27,663,288
Net Assets
$470,603,724
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $27,959,597
57.5%
Interest Revenue $690,673
1.4%
Dividends $5,572,773
11.5%
Sales of Assets $14,212,860
29.3%
Other Income $149,944
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,036,182
95.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $470,695,664
Total Liabilities $91,940
Net Assets $470,603,724
Compensation
Key Employees and Officers Compensation Other
Sumi Kim (President) $475,000 $52,534
Eung Sik Kim (Program Officer) $390,000 $53,150
Lanyu Xu (Program Officer) $255,000 $26,710
Daniel Sanford (Program Officer) $208,308 $31,646
Samuel J Tran (Program Officer) $185,000 $25,138
Richelle S Bryan (Program Officer) $175,000 $25,079
Sung Kook Hwang (Director) $0 $0
Becky Hwang (V.P./Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Andrew Mills (Vice Chairperson) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$467,059,000
Expenses
$17,600,018
Net Income
$449,458,982
Net Assets
$496,193,014
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $301,306,813
64.5%
Interest Revenue $116,509
0.0%
Dividends $1,363,056
0.3%
Sales of Assets $163,928,383
35.1%
Other Income $344,239
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,966,302
73.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $496,198,960
Total Liabilities $5,946
Net Assets $496,193,014
Compensation
Key Employees and Officers Compensation Other
Sumi Kim (President) $475,000 $61,885
Eung Sik Kim (Program Officer) $309,235 $63,256
Samuel J Tran (Program Officer) $160,000 $37,618
Richelle S Bryan (Program Officer) $155,000 $38,010
Lanyu Xu (Program Officer) $152,692 $24,760
Sara Hwang (Program Officer) $145,000 $36,829
Sung Kook Hwang (Director) $0 $0
Becky Hwang (V.P./Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Andrew Mills (Vice Chairperson) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$237,939,285
Expenses
$12,287,812
Net Income
$225,651,473
Net Assets
$217,647,027
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $155,094,693
65.2%
Interest Revenue $64,051
0.0%
Dividends $7,395
0.0%
Sales of Assets $82,773,146
34.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,833,958
80.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $217,650,233
Total Liabilities $3,206
Net Assets $217,647,027
Compensation
Key Employees and Officers Compensation Other
Johanna Sheridan (President) $243,054 $33,746
Sumi Kim (President) $208,018 $6,135
Sara Hwang (Associate) $132,054 $27,406
Richelle S Bryan (Program Officer) $131,436 $28,166
Samuel J Tran (Program Officer) $129,906 $28,467
Myeongsuk Park (Program Officer) $90,679 $42,728
Sung Kook Hwang (Director) $0 $0
Becky Hwang (V.P./Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Andrew Mills (Vice Chairperson) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,400,291
Expenses
$8,686,836
Net Income
$25,713,455
Net Assets
$70,812,344
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $21,897,111
63.7%
Interest Revenue $22,360
0.1%
Dividends $835
0.0%
Sales of Assets $12,479,985
36.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,210,056
94.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,815,994
Total Liabilities $3,650
Net Assets $70,812,344
Compensation
Key Employees and Officers Compensation Other
Johanna Sheridan (President) $406,774 $10,600
Richelle S Bryan (Program Officer) $135,260 $4,941
Sara Hwang (Associate) $125,714 $3,943
Samuel J Tran (Program Officer) $115,217 $4,682
Sung Kook Hwang (Director) $0 $0
Becky Hwang (V.P./Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Andrew Mills (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,625,603
Expenses
$9,723,139
Net Income
-$1,097,536
Net Assets
$56,649,949
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $14,900
0.2%
Interest Revenue $19,962
0.2%
Dividends $99,004
1.1%
Sales of Assets $8,491,737
98.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,485,043
97.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $56,649,949
Total Liabilities $0
Net Assets $56,649,949
Compensation
Key Employees and Officers Compensation Other
Johanna Sheridan (President) $200,000 $25,000
Sara Hwang (Associate) $71,000 $16,350
Esther Bhandari (Program Officer) $64,000 $0
Sung Kook Hwang (Director) $0 $0
Becky Hwang (V.P./Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Andrew Mills (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,112,340
Expenses
$9,147,264
Net Income
-$7,034,924
Net Assets
$57,763,716
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $16,615
0.8%
Interest Revenue $24,614
1.2%
Dividends $190,147
9.0%
Sales of Assets $1,880,964
89.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,950,980
97.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $57,766,443
Total Liabilities $2,727
Net Assets $57,763,716
Compensation
Key Employees and Officers Compensation Other
Mark W Shaw (President) $369,039 $0
Sung Kook Hwang (Director) $0 $0
Becky Hwang (V.P./Director) $0 $0
Patrick Halligan (Treasurer) $0 $0
Jeanne Cox (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$374,219
Expenses
$6,981,773
Net Income
-$7,355,992
Net Assets
$64,825,423
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $23,603
Interest Revenue $54,937
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,938,479
99.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $64,825,424
Total Liabilities $1
Net Assets $64,825,423

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,273,570
Expenses
$4,524,810
Net Income
$748,760
Net Assets
$72,221,412
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,030,795
95.4%
Interest Revenue $65,508
1.2%
Dividends $0
Sales of Assets $177,267
3.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,505,020
99.6%
Compensation of Officers* $350,000
7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $72,221,412
Total Liabilities $0
Net Assets $72,221,412

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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