Form 990 for tax year 2022
Filed by KOREA DEFENSE VETERANS ASSOCIATION.
Totals
- Total revenue
- $647,183
- Total expenses
- $664,977
- Contributions and grants received
- $647,171
- Grants paid
- $60,714
- Program service revenue
- $0
- Investment income
- $12
- Other revenue
- $0
- Total assets, end of year
- $174,506
- Total liabilities, end of year
- $16,496
- Net assets or fund balances, end of year
- $158,010
- Program services expenses (Part IX)
- $526,394
- Management and general expenses
- $138,583
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $526,394
Program services were 79.2% 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.
-
1f · All other contributions, gifts and grants
$647,171
-
3 · Investment income
total $12 · excluded $12
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $60,714 · program services $60,714
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $135,625 · program services $108,500 · management and general $27,125
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $98,363 · program services $71,887 · management and general $26,476
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,797 · program services $1,958 · management and general $839
-
10 · Payroll taxes
total $15,016 · program services $11,781 · management and general $3,235
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,684 · management and general $1,684
-
11c · Fees: accounting
total $42,332 · management and general $42,332
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $83,366 · program services $81,735 · management and general $1,631
-
12 · Advertising and promotion
total $41,413 · program services $41,413
-
13 · Office expenses
total $14,700 · management and general $14,700
-
14 · Information technology
total $20,540 · program services $16,295 · management and general $4,245
-
15 · Royalties
total $0
-
16 · Occupancy
total $20,026 · program services $14,018 · management and general $6,008
-
17 · Travel
total $29,462 · program services $25,555 · management and general $3,907
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $35,073 · program services $35,073
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,680 · management and general $4,680
-
24a · Other expenses: Educational program expenses
total $33,475 · program services $33,475
-
24b · Other expenses: Membership Events and Support
total $23,990 · program services $23,990
-
24c · Other expenses: Licenses and Registrations
total $968 · management and general $968
-
24d · Other expenses: FX Transaction Loss
total $753 · management and general $753
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $30,365
-
2 · Savings and temporary cash investments
beginning of year $169,278 · end of year $128,004
-
3 · Pledges and grants receivable
beginning of year $350 · end of year $929
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $15,208
-
17 · Accounts payable and accrued expenses
beginning of year $16,527 · end of year $16,496
-
31 · Retained earnings, endowment or other funds
beginning of year $153,101 · end of year $158,010
Mission and programs · 2022
Mission
TO ENHANCE THE REPUBLIC OF KOREA -UNITED STATES ALLIANCE BY ADVOCATING FOR THE ALLIANCE AND SUPPORTING THE PEOPLE WHO BUILT AND SERVE THE ALLIANCE.
-
KDVA conducted 6 webinars and 16 hybrid on-site/webinar events, many with new partner organizations to provide our virtual and on-site audiences opportunities to interact with KDVA Members and Leaders. Events were hosted in English and Korean.
Expenses $205,439
-
Website and social media programs support activities to educate the public about the ROK-U.S. Alliance and our Veterans and increased overall social media outreach by over 660,000 in 2022. The KDVA Digital Library on the KDVA website houses most of KDVA?s work including personal accounts and stories from Veterans, the KDVA monthly newsletters, and KDVA quarterly journals.
Expenses $143,370
-
KDVA membership programs and activities draw people to join KDVA to support the ROK-U.S. Alliance and our Veterans and include membership drives and membership materials. KDVA increased membership by 106% in 2022.
Expenses $100,293
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Col Ret Seung J Lee
SR VP of Operations/Secretary
- Total calculated
- $135,625
- From this org
- $135,625
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Gen Ret Curtis M Scaparrotti
US Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Gen Ret Vincent K Brooks
Chairman/President
- Total calculated
- $0
- Hours/week
- 5
-
Maj Gen Ret Seo Young Lee
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Gen Ret Seung Jo Jung
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Lt Gen Ret Michael Bills
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Lt Gen Ret Thomas Bergeson
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Maj Gen Ret Jeanette Edmunds
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Maj Gen Ret James Lukeman
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
CSM Ret Steven Payton
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Jong-wook Kim
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Col Ret Rocky Harder
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Gen Ret Ho-Young Leem
ROK Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
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
-
$50,000
Korean War Wall of Remembrance
-
$9,074
Leadership Luncheon
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349303827
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