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Nonprofiteer
← KOREAN FEDERATION OF LOS ANGELES

Form 990 for tax year 2023

Filed by KOREAN FEDERATION OF LOS ANGELES.

Totals

Total revenue
$1,798,102
Total expenses
$1,816,883
Contributions and grants received
$1,798,102
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$565,377
Total liabilities, end of year
$16,576
Net assets or fund balances, end of year
$548,801
Program services expenses (Part IX)
$1,684,050
Management and general expenses
$132,833
Fundraising expenses
$0
Program service expenses (Part III)
$1,684,050

Program services were 92.7% 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.

  • 1e · Government grants (contributions)

    $1,060,607

  • 1f · All other contributions, gifts and grants

    $737,495

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $455,204 · program services $515,146 · management and general -$59,942

  • 9 · Other employee benefits

    total $2,000 · program services $2,000

  • 10 · Payroll taxes

    total $42,915 · program services $40,538 · management and general $2,377

  • 11c · Fees: accounting

    total $18,600 · program services $9,125 · management and general $9,475

  • 11g · Fees: other

    total $83,875 · program services $83,875

  • 12 · Advertising and promotion

    total $82,523 · program services $75,448 · management and general $7,075

  • 13 · Office expenses

    total $45,124 · program services $37,477 · management and general $7,647

  • 14 · Information technology

    total $7,625 · program services $7,358 · management and general $267

  • 19 · Conferences, conventions and meetings

    total $63,997 · program services $7,598 · management and general $56,399

  • 23 · Insurance

    total $17,840 · management and general $17,840

  • 24a · Other expenses: DONATION TO OTHER ORG

    total $419,220 · program services $419,220

  • 24b · Other expenses: MISCELLANOUES

    total $254,243 · program services $127,475 · management and general $126,768

  • 24c · Other expenses: KAFLA EVENT

    total $118,279 · program services $117,112 · management and general $1,167

  • 24d · Other expenses: DONATION TO UKRAINE

    total $112,010 · program services $108,270 · management and general $3,740

  • 24e · All other expenses

    total $93,428 · program services $133,408 · management and general -$39,980

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $417,731 · end of year $181,471

  • 3 · Pledges and grants receivable

    end of year $380,657

  • 7 · Other notes and loans receivable

    beginning of year $4,670 · end of year $3,249

  • 17 · Accounts payable and accrued expenses

    end of year $16,576

  • 19 · Deferred revenue

    beginning of year $106,850

  • 27 · Net assets without donor restrictions

    beginning of year $315,551 · end of year $548,801

Mission and programs · 2023

Mission

TO SUPPORT AND SERVE BETTER FOR THE FURTHERANCE OF THE RIGHTS AND INTERESTS OF THE KOREAN COMMUNITY AT LOS ANGELES

  • COMMUNITY EMPOWERMENT

    Expenses $570,178

  • HEALTH AND WELFARE

    Expenses $986,106

  • RESOURSE DEVELOPMENT

    Expenses $127,766

As filed on the 2023 return.

Listed in Part VII

  • Yong Ho Kim

    CHAIR MAN

    Total calculated
    $0

  • Emile Mack

    EXEC. VICE P

    Total calculated
    $0

  • Steve Kang

    EXEC. VICE P

    Total calculated
    $0

  • Joe Song

    VICE CHAIRMA

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.0
Source object
202403209349323880

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