Totals
- Total revenue
- $442,460
- Total expenses
- $378,354
- Contributions and grants received
- $454,160
- Grants paid
- $2,050
- Program service revenue
- $0
- Investment income
- $1,324
- Other revenue
- -$13,024
- Total assets, end of year
- $501,545
- Total liabilities, end of year
- $10,541
- Net assets or fund balances, end of year
- $491,004
- Program services expenses (Part IX)
- $279,899
- Management and general expenses
- $45,648
- Fundraising expenses
- $52,807
- Program service expenses (Part III)
- $279,899
Program services were 74.0% 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
$279,514
-
1f · All other contributions, gifts and grants
$174,646
-
4 · Income from investment of tax-exempt bond proceeds
total $1,324 · related or exempt $1,324
-
8a · Fundraising events: gross income
$42,000
-
8a · Fundraising events: contributions included on line 1c
$279,514
-
8b · Fundraising events: direct expenses
$55,024
-
8c · Net income from fundraising events
total -$13,024 · excluded -$13,024
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,050 · program services $2,050
-
5 · Compensation of officers, directors and key employees
total $75,001 · program services $56,250 · management and general $9,375 · fundraising $9,376
-
7 · Other salaries and wages
total $101,499 · program services $76,124 · management and general $12,687 · fundraising $12,688
-
10 · Payroll taxes
total $41,614 · program services $31,211 · management and general $5,202 · fundraising $5,201
-
11a · Fees: management
total $10,043 · management and general $10,043
-
11c · Fees: accounting
total $2,760 · program services $2,760
-
12 · Advertising and promotion
total $28,154 · program services $24,023 · management and general $3,307 · fundraising $824
-
13 · Office expenses
total $6,194 · program services $3,591 · management and general $2,050 · fundraising $553
-
14 · Information technology
total $67,486 · program services $52,219 · fundraising $15,267
-
17 · Travel
total $20,555 · program services $15,041 · fundraising $5,514
-
19 · Conferences, conventions and meetings
total $16,603 · program services $14,932 · management and general $1,671
-
22 · Depreciation, depletion and amortization
total $1,107 · program services $718 · management and general $192 · fundraising $197
-
23 · Insurance
total $991 · management and general $991
-
24a · Other expenses: BANK AND PAYMENT PROCES
total $4,297 · program services $980 · management and general $130 · fundraising $3,187
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $410,022 · end of year $343,224
-
2 · Savings and temporary cash investments
end of year $150,923
-
3 · Pledges and grants receivable
beginning of year $2,500 · end of year $5,000
-
4 · Accounts receivable
beginning of year $22,196
-
10a · Land, buildings and equipment: cost or other basis
$5,535
-
10b · Land, buildings and equipment: accumulated depreciation
$3,137
-
10c · Land, buildings and equipment, net
beginning of year $3,507 · end of year $2,398
-
17 · Accounts payable and accrued expenses
beginning of year $11,326 · end of year $10,541
-
27 · Net assets without donor restrictions
beginning of year $424,342 · end of year $442,804
-
28 · Net assets with donor restrictions
beginning of year $2,557 · end of year $48,200
Mission and programs · 2023
Mission
KOREANAMERICANSTORYORG INC. SEEKS TO CAPTURE, CREATE, PRESERVE AND SHARE THE STORIES OF THE KOREAN AMERICAN EXPERIENCE BY SUPPORTING AND PROMOTING STORYTELLING IN ALL FORMS THAT EXPLORE AND REFLECT THE EVER EVOLVING KOREAN AMERICAN STORY. KOREANAMERICANSTORYORG INC. SEEKS TO BE AN INCLUSIVE HUB THAT BRIDGES THE GAP BETWEEN COMMUNITIES AND HELPS TO INSTILL CULTURAL AWARENESS AND PRIDE AMONG THE KOREAN AMERICAN COMMUNITY.
Activities or mission (Part I)
KOREANAMERICANSTORYORG INC. SEEKS TO CAPTURE, CREATE, PRESERVE AND SHARE THE STORIES OF THE KOREAN AMERICAN EXPERIENCE BY SUPPORTING AND PROMOTING STORYTELLING IN ALL FORMS THAT EXPLORE AND REFLECT HE EVER EVOLVING KOREAN AMERICAN STORY. KOREANAMERICANSTORYORG INC. SEEKS TO BE AN INCLUSIVE HUB THAT BRIDGES THE GAP BETWEEN COMMUNITIES AND HELPS TO INSTILL CULTURAL AWARENESS AND PRIDE AMONG THE KOREAN AMERICAN COMMUNITY.
-
HISTORICAL PRESERVATION AND EDUCATION. THE ORGANIZATION SEEKS TO CAPTURE, CREATE, PRESERVE AND SHARE THE KOREAN AMERICAN EXPERIENCE BY COLLECTING AND SHARING STORIES FROM KOREAN AMERICANS FROM ALL WALKS OF LIFE. THESE STORIES ARE PRESENTED IN FILM, MEDIA AND PRINT TO BOTH PRESERVE THE KOREAN AMERICAN EXPERINCE AND EDUCATE FUTURE GENERATIONS.
Expenses $279,899 · Grants $2,050
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ann ChohANN CHOH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Park ClementTHOMAS PARK CLEMENT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John C KimJOHN C KIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen KimKAREN KIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Grace LeeGRACE LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vivian LeeVIVIAN LEE
BOARD CO-CHAIRS
- Total calculated
- $0
- Hours/week
- 1
-
Diana SonDIANA SON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jay OhJAY OH
BOARD CO-CHAIRS
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne JangJEANNE JANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Theresa Choh-LeeTHERESA CHOH-LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hj LeeHJ LEE
EXECUTIVE DIRECTOR
- Total calculated
- $75,001
- From this org
- $75,001
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
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
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349309666
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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