1 Act Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRESSKILL, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $573K in total assets. In 2024, it awarded 2 grants totaling $7K. Net investment income was $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$573K
+2.4% YoY
Annual Giving
$7K
-51.9% YoY
Grant Count
2
-66.7% YoY
Avg Grant Size
$4K
+44.4% YoY
Under IRS private-foundation payout rules, 1 Act Foundation Inc reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About 1 Act Foundation Inc
Based on IRS filings
1 Act Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRESSKILL, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $573K in total assets. In 2024, it awarded 2 grants totaling $7K. Net investment income was $19K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $573,193 | $560,026 | $579,481 |
| Revenue | $25,763 | $2,228 | $-2,416 |
| Expenses | $15,389 | $21,566 | $17,357 |
| Qualifying Distributions | $11,073 | $18,165 | $10,741 |
| Net Investment Income | $19,449 | $15,141 | $13,424 |
| Distributable Amount | $27,588 | $25,601 | $27,224 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Soil ($6,138), Nj Onnuri Church ($1,350).
| Recipient | Purpose | Amount |
|---|---|---|
| SOIL SEBASTOPOL, CA | TO MAINTAIN THE ENDEAVORS OF THE ORG | $6,138 |
| NJ ONNURI CHURCH FORT LEE, NJ | TO MAINTAIN THE ENDEAVORS OF THE ORG | $1,350 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELIZABETH PARK | PRESIDENT | — | — |
| JOY KIM | DIRECTOR | — | — |
| DOYUN KIM | VICE PRESIDE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 1 Act Foundation Inc?
1 Act Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRESSKILL, NJ. It holds $573K in total assets as of 2024.
How large is 1 Act Foundation Inc?
As of 2024, 1 Act Foundation Inc holds $573K in total assets with $26K in annual revenue. It awarded 2 grants totaling $7K in 2024.
Where does 1 Act Foundation Inc operate?
1 Act Foundation Inc has awarded grants in California, Hawaii, New Jersey, New York.
What size grants does 1 Act Foundation Inc award?
In 2024, 1 Act Foundation Inc awarded 2 grants totaling $7K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is 1 Act Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 1 Act Foundation Inc reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 1 Act Foundation Inc's EIN?
1 Act Foundation Inc's EIN (Employer Identification Number) is 85-3164549. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in 1 Act Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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