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Nonprofiteer
← COUNCIL OF KOREAN AMERICANS INC

Form 990 for tax year 2023

Filed by COUNCIL OF KOREAN AMERICANS INC.

Totals

Total revenue
$1,523,447
Total expenses
$1,519,606
Contributions and grants received
$1,571,543
Grants paid
$0
Program service revenue
$324,094
Investment income
$27,524
Other revenue
-$399,714
Total assets, end of year
$1,501,791
Total liabilities, end of year
$297,706
Net assets or fund balances, end of year
$1,204,085
Program services expenses (Part IX)
$1,403,380
Management and general expenses
$86,788
Fundraising expenses
$29,438
Program service expenses (Part III)
$1,403,380

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $624,220

  • 1f · All other contributions, gifts and grants

    $947,323

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $255,594 · related or exempt $255,594

  • 2b · Program service revenue: PROGRAM REVENUE

    total $48,500 · related or exempt $48,500

  • 2c · Program service revenue: OTHER EVENTS SPONSORSHIPS

    total $20,000 · related or exempt $20,000

  • 3 · Investment income

    total $27,524 · excluded $27,524

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $624,220

  • 8b · Fundraising events: direct expenses

    $399,714

  • 8c · Net income from fundraising events

    total -$399,714 · excluded -$399,714

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $470,393 · program services $450,312 · management and general $5,415 · fundraising $14,666

  • 7 · Other salaries and wages

    total $141,327 · program services $135,273 · management and general $1,633 · fundraising $4,421

  • 9 · Other employee benefits

    total $27,194 · program services $26,059 · management and general $306 · fundraising $829

  • 10 · Payroll taxes

    total $36,607 · program services $35,080 · management and general $412 · fundraising $1,115

  • 11c · Fees: accounting

    total $69,025 · management and general $69,025

  • 11g · Fees: other

    total $140,636 · program services $135,548 · management and general $5,088

  • 12 · Advertising and promotion

    total $5,153 · program services $5,028 · management and general $125

  • 13 · Office expenses

    total $710 · management and general $710

  • 14 · Information technology

    total $27,259 · program services $27,259

  • 16 · Occupancy

    total $27,581 · program services $26,310 · management and general $343 · fundraising $928

  • 17 · Travel

    total $46,426 · program services $46,207 · fundraising $219

  • 19 · Conferences, conventions and meetings

    total $321,156 · program services $320,195 · fundraising $961

  • 20 · Interest

    total $3,731 · management and general $3,731

  • 23 · Insurance

    total $2,504 · program services $2,185 · fundraising $319

  • 24a · Other expenses: GRAPHIC DESIGNER

    total $58,800 · program services $58,800

  • 24b · Other expenses: SPONSORSHIPS

    total $25,322 · program services $20,488 · fundraising $4,834

  • 24c · Other expenses: TEMP SUPPORT

    total $24,395 · program services $24,395

  • 24d · Other expenses: PHOTOGRAPHY/VIDEOGRAPHY

    total $22,847 · program services $22,847

  • 24e · All other expenses

    total $68,540 · program services $67,394 · fundraising $1,146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,037 · end of year $71,132

  • 2 · Savings and temporary cash investments

    beginning of year $1,200,791 · end of year $1,178,716

  • 4 · Accounts receivable

    beginning of year $5,281 · end of year $185,764

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,792 · end of year $54,884

  • 10a · Land, buildings and equipment: cost or other basis

    $12,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $4,020

  • 15 · Other assets

    beginning of year $4,275 · end of year $7,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,589 · end of year $105,675

  • 19 · Deferred revenue

    beginning of year $3,656 · end of year $49,838

  • 25 · Other liabilities

    beginning of year $136,539 · end of year $142,193

  • 27 · Net assets without donor restrictions

    beginning of year $976,936 · end of year $1,148,408

  • 28 · Net assets with donor restrictions

    beginning of year $139,456 · end of year $55,677

Mission and programs · 2023

Mission

WE ASPIRE TO A WORLD IN WHICH KOREAN AMERICAN LEADERS SERVE AT THE HIGHEST LEVELS IN SOCIETY.

Activities or mission (Part I)

TO ADVANCE THE NATIONAL VOICE AND INFLUENCE OF THE KOREAN AMERICAN COMMUNITY THROUGH COLLABORATION AND LEADERSHIP DEVELOPMENT.

  • LEADERSHIP DEVELOPMENT AND MENTORING: PROGRAMS AND ACTIVITIES SUPPORTING THEDEVELOPMENT OF FUTURE KOREAN AMERICAN LEADERS THROUGH SCHOLARSHIPS, INTERNSHIPS, EDUCATION, AND MENTORING, AND THE NATIONAL LEADERSHIP CONFERENCE EXPLORING KOREAN AMERICAN ISSUES, CULTURE, IMPACT AND IDENTITY.

    Expenses $128,360 · Revenue $20,000

  • MEMBERSHIP: PROGRAMS AND ACTIVITIES DESIGNED TO GROW THE MEMBERSHIP OF THE COUNCIL AND TO DEEPEN THE ENGAGEMENT OF MEMBERS IN THE COUNCIL'S MISSION. SINCE 2011, CKA HAS BEEN BUILDING A MOVEMENT. WE BEGAN AS AN ALL-VOLUNTEER GROUP OF KOREAN AMERICAN LEADERS IN SF, DC, AND LA WHO WANTED TO BUILD A NATIONAL ORGANIZATION TO STRENGTHEN THE VOICE, VISIBILITY, AND INFLUENCE OF OUR COMMUNITY. TODAY, CKA HAS THREE FULL-TIME STAFF, 17 BOARD MEMBERS, 400+ MEMBERS, AND A GLOBAL NETWORK OF PARTNER ORGANIZATIONS AND SUPPORTERS.

    Expenses $836,739 · Revenue $255,594

  • VOICE AND ADVOCACY: PROGRAMS AND ACTIVITIES THAT PROMOTE CIVIC ENGAGEMENT OF KOREAN AMERICANS AND ADVANCE OUR ADVOCACY POSITIONS ON ISSUES, INCLUDING, FOR EXAMPLE, NORTH KOREA, CIVIL RIGHTS, RACE RELATIONS. CKA IS THE LEADING INDEPENDENT, NONPARTISAN, NATIONAL LEADERSHIP ORGANIZATION FOR KOREAN AMERICANS. WE ARE DEDICATED TO CONNECTING, INSPIRING, AND EQUIPPING MULTI-GENERATIONAL LEADERS FOR GREATER INFLUENCE AND IMPACT. WE ALSO BUILD COALITIONS ACROSS RACIAL AND ETHNIC GROUPS SO THAT KOREAN AMERICANS CAN HAVE A BROADER IMPACT. AS KOREAN AMERICANS, WE UNDERSTAND WHAT IT MEANS TO RISE ABOVE CHALLENGES AND DEAL WITH ADVERSITY.

    Expenses $56,771 · Revenue $10,075

  • Expenses $381,510 · Revenue $38,425

As filed on the 2023 return.

Listed in Part VII

  • Angela Killoren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ester Song

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eugene Choi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gloria J Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hosea Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Seitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kee B Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leezie Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Yang

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Peter Huh

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Randy Sim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Soo Venkatesan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Susan Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Kim Doud Galli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abraham Kim

    EXECUTIVE DIRECTOR

    Total calculated
    $307,401
    From this org
    $274,958
    From related orgs
    $0
    Other
    $32,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,958
    Bonus
    $0
    Other
    $0
    Deferred
    $8,213
    Nontaxable benefits
    $24,230
    Filer's total
    $307,401

  • Linda Butcher

    MANAGING DIRECTOR

    Total calculated
    $162,992
    From this org
    $134,727
    From related orgs
    $0
    Other
    $28,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,727
    Bonus
    $0
    Other
    $0
    Deferred
    $4,035
    Nontaxable benefits
    $24,230
    Filer's total
    $162,992

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 February 2025
IRS schema version
2023v6.0
Source object
202520509349300017

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