Totals
- Total revenue
- $2,309,169
- Total expenses
- $1,695,224
- Contributions and grants received
- $700,500
- Grants paid
- $0
- Program service revenue
- $1,538,368
- Investment income
- $66,901
- Other revenue
- $3,400
- Total assets, end of year
- $3,098,385
- Total liabilities, end of year
- $188,320
- Net assets or fund balances, end of year
- $2,910,065
- Program services expenses (Part IX)
- $1,302,938
- Management and general expenses
- $392,286
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,302,938
Program services were 76.9% 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)
$677,600
-
1f · All other contributions, gifts and grants
$22,900
-
2a · Program service revenue: Long-term Care
total $1,532,433 · related or exempt $1,532,433
-
2b · Program service revenue: Participant Fees
total $5,935 · related or exempt $5,935
-
3 · Investment income
total $66,901 · excluded $66,901
-
6a · Gross rents
real property $3,400
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $3,400
-
6d · Net rental income or loss
total $3,400 · excluded $3,400
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $96,811 · program services $76,188 · management and general $20,623
-
7 · Other salaries and wages
total $1,128,680 · program services $888,973 · management and general $239,707
-
9 · Other employee benefits
total $46,606 · program services $32,425 · management and general $14,181
-
10 · Payroll taxes
total $93,035 · program services $73,061 · management and general $19,974
-
11c · Fees: accounting
total $13,000 · management and general $13,000
-
11g · Fees: other
total $24,245 · program services $11,335 · management and general $12,910
-
12 · Advertising and promotion
total $2,803 · program services $200 · management and general $2,603
-
13 · Office expenses
total $15,059 · program services $9,689 · management and general $5,370
-
14 · Information technology
total $11,233 · program services $10,878 · management and general $355
-
16 · Occupancy
total $9,879 · program services $2,766 · management and general $7,113
-
17 · Travel
total $1,871 · program services $965 · management and general $906
-
19 · Conferences, conventions and meetings
total $807 · program services $807
-
20 · Interest
total $1,962 · management and general $1,962
-
22 · Depreciation, depletion and amortization
total $28,339 · management and general $28,339
-
23 · Insurance
total $18,755 · program services $18,376 · management and general $379
-
24a · Other expenses: Classes and dining
total $191,078 · program services $168,922 · management and general $22,156
-
24b · Other expenses: Dues and subscriptions
total $9,053 · program services $7,553 · management and general $1,500
-
24c · Other expenses: Maintenance
total $2,008 · program services $800 · management and general $1,208
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $379,495 · end of year $777,010
-
2 · Savings and temporary cash investments
beginning of year $42,675 · end of year $1,686,490
-
4 · Accounts receivable
beginning of year $461,320 · end of year $427,232
-
9 · Prepaid expenses and deferred charges
beginning of year $21,773 · end of year $21,202
-
10a · Land, buildings and equipment: cost or other basis
$373,052
-
10b · Land, buildings and equipment: accumulated depreciation
$186,601
-
10c · Land, buildings and equipment, net
beginning of year $203,749 · end of year $186,451
-
12 · Investments: other securities
beginning of year $1,377,775
-
17 · Accounts payable and accrued expenses
beginning of year $146,691 · end of year $143,243
-
23 · Secured mortgages and notes payable
beginning of year $50,918 · end of year $45,077
-
27 · Net assets without donor restrictions
beginning of year $2,289,178 · end of year $2,910,065
Mission and programs · 2024
Mission
The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all international people.
-
The Organization's Long-Term Care program provides 24-hour customized living support services. The program prioritizes seniors aged 65 and older who have immigrated to the United States and may face language and cultural barriers. This program also offers vital transportation services for hospital visits and medical appointments. Serving approximately 500 cases per year, the program supports seniors aged 65 and older, as well as individuals under 65 with disabilities. This service ensures that clients can access essential healthcare safely and reliably, reducing barriers caused by mobility, language, or cultural challenges. The goal is to help these seniors live independently, healthily, and comfortably in their own homes.
Expenses $1,232,815 · Revenue $1,538,368
-
The Family Enrichment Program provides a range of community-based services designed to promote wellness and engagement. One such initiative is SBC, or Seniors Better Connected in MN, which assists seniors aged 65 and older in learning to use electronic devices. It also encourages participation in mental wellness activities, thereby fostering digital literacy and emotional connection among seniors. Another key program is CCC, or COVID-19 Community Coordinators, which focuses on supporting the mental and physical health of vulnerable groups, particularly seniors. This program aims to promote community engagement and aid in recovery following the COVID-19 pandemic.
Expenses $70,123
As filed on the 2024 return.
Listed in Part VII
-
Dennis K Kim
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Jihee Woo
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sangyeoul Jung
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kay Yang-Cha
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Hyun Kim
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jungyong Park
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Hyunwon Shin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sungjoo Hong
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Hee Yun Lee
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sang Won Song
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sooyoung Nou
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kwangja Kwon
Executive Director
- Total calculated
- $96,811
- From this org
- $96,123
- From related orgs
- $0
- Other
- $688
- Hours/week
- 40
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
- 2024
- Filed
- 17 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542039349300029
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