Totals
- Total revenue
- $557,804
- Total expenses
- $228,479
- Contributions and grants received
- $557,804
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $329,325
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $329,325
- Program services expenses (Part IX)
- $83,829
- Management and general expenses
- $144,650
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $35,863
Program services were 36.7% 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.
-
1f · All other contributions, gifts and grants
$557,804
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,255 · management and general $1,255
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $71,820 · management and general $71,820
-
12 · Advertising and promotion
total $17,643 · program services $1,500 · management and general $16,143
-
13 · Office expenses
total $7,049 · management and general $7,049
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $39,242 · management and general $39,242
-
17 · Travel
total $7,902 · management and general $7,902
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,587 · program services $1,587
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $530 · management and general $530
-
24a · Other expenses: Event
total $80,742 · program services $80,742
-
24b · Other expenses: Supplies
total $709 · management and general $709
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $329,325
-
31 · Retained earnings, endowment or other funds
end of year $329,325
Mission and programs · 2022
Mission
To empower the growth and positive development of our communities for the general welfare of the public by providing education, training, and networking and to carry on other charitable activities associated therewith as permitted by law.
Activities or mission (Part I)
To promote networking among members and protect the interests and businesses of the Korean American Commuity.
-
LAUNCHING CEREMEONY FOR THE KOREAN BUSINESS CONVENTION AT ANNAHEIM IN YR 2023
Expenses $35,863
As filed on the 2022 return.
Listed in Part VII
-
Shang Il RolSHANG IL ROL
CEO
- Total calculated
- $0
- Hours/week
- 20 + 20 related
-
Hye Young KangHYE YOUNG KANG
SECRETARY
- Total calculated
- $0
- Hours/week
- 20 + 20 related
-
Vincent ParkVINCENT PARK
CFO
- Total calculated
- $0
- Hours/week
- 10 + 10 related
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
- 2022
- Filed
- 19 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302629349301700
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