Skip to content
Nonprofiteer
← FAMILY TOUCH INC

Form 990 for tax year 2024

Filed by FAMILY TOUCH INC.

Totals

Total revenue
$378,505
Total expenses
$552,707
Contributions and grants received
$157,377
Grants paid
$0
Program service revenue
$58,682
Investment income
$39,532
Other revenue
$122,914
Total assets, end of year
$1,463,779
Total liabilities, end of year
$250,313
Net assets or fund balances, end of year
$1,213,466
Program services expenses (Part IX)
$476,050
Management and general expenses
$57,181
Fundraising expenses
$19,476
Program service expenses (Part III)
$476,050

Program services were 86.1% 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

    $157,377

  • 2a · Program service revenue: TUITION

    total $58,682 · excluded $58,682

  • 3 · Investment income

    total $39,532 · excluded $39,532

  • 8a · Fundraising events: gross income

    $177,615

  • 8b · Fundraising events: direct expenses

    $55,585

  • 8c · Net income from fundraising events

    total $122,030 · excluded $122,030

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $884 · excluded $884

  • 11e · Other revenue, total

    $884

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $342,630 · program services $342,630

  • 10 · Payroll taxes

    total $39,564 · program services $27,695 · management and general $11,869

  • 11c · Fees: accounting

    total $22,344 · program services $15,641 · management and general $6,703

  • 12 · Advertising and promotion

    total $3,988 · program services $2,792 · management and general $1,196

  • 13 · Office expenses

    total $34,013 · program services $23,809 · management and general $10,204

  • 16 · Occupancy

    total $19,476 · fundraising $19,476

  • 17 · Travel

    total $7,990 · program services $5,593 · management and general $2,397

  • 20 · Interest

    total $10,692 · program services $7,484 · management and general $3,208

  • 22 · Depreciation, depletion and amortization

    total $18,464 · program services $12,925 · management and general $5,539

  • 23 · Insurance

    total $3,660 · program services $2,562 · management and general $1,098

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $8,835 · program services $6,184 · management and general $2,651

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $8,623 · program services $6,036 · management and general $2,587

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $8,137 · program services $5,696 · management and general $2,441

  • 24d · Other expenses: UTILITIES

    total $7,612 · program services $5,328 · management and general $2,284

  • 24e · All other expenses

    total $16,679 · program services $11,675 · management and general $5,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,779 · end of year $116,742

  • 2 · Savings and temporary cash investments

    beginning of year $605,475 · end of year $633,110

  • 9 · Prepaid expenses and deferred charges

    end of year $14,864

  • 10a · Land, buildings and equipment: cost or other basis

    $909,088

  • 10b · Land, buildings and equipment: accumulated depreciation

    $210,025

  • 10c · Land, buildings and equipment, net

    beginning of year $717,527 · end of year $699,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,326

  • 25 · Other liabilities

    beginning of year $260,404 · end of year $250,313

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,302,051 · end of year $1,213,466

Mission and programs · 2024

Mission

TO BUILD SOCIALLY AND EMOTIONALLY STRONG FAMILIES THROUGH FAMILY LIFE EDUCATION AND COUNSELING TO STRENGTHEN COMMUNITIES ACCROSS GENERATIONS.

  • WE PROVIDE AFFORDABLE EDUCATIONAL PROGRAMS AND COUNSELING SERVICES TO IMMIGRANTS AND THEIR FAMILIES TO BUILD STRONG COMMUNITIES. WE WORK TOWARD OUR MISSION IN THREE DISTINCT WAYS BELOW. 1. LOWERING BARRIERS TO ACCESS 2. IMPACTING EVERY SINGLE FAMILY MEMBER 3. TEACHING SUSTAINABLE AND LONG-TERM SKILLS

    Expenses $476,050 · Revenue $58,682

As filed on the 2024 return.

Listed in Part VII

  • JOY CHUNG

    PRESIDENT

    Total calculated
    $48,333
    From this org
    $48,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • EVERLIN KIM

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40
  • SOO MI KIM

    DIRECTOR OF

    Total calculated
    $0
    Hours/week
    40
  • MI YOUNG KIM

    DIRECTOR OF

    Total calculated
    $0
    Hours/week
    40
  • JOSEPH CHANG

    DIRECTOR OF

    Total calculated
    $0
    Hours/week
    40
  • JAE DEOK KIM

    BOARD MEMBER

    Total calculated
    $0
  • SOON BIN KIM

    BOARD MEMBER

    Total calculated
    $0
  • DOYON HWANG

    BOARD MEMBER

    Total calculated
    $0
  • JAE YANG

    BOARD MEMBER

    Total calculated
    $0
  • PEELYOON YANG

    BOARD MEMBER

    Total calculated
    $0
  • KEVIN HWANG

    BOARD MEMBER

    Total calculated
    $0
  • JI SOO YOON

    SECRETARY

    Total calculated
    $0
  • SHERRY OH

    BOARD MEMBER

    Total calculated
    $0
  • GUNN CHOE

    BOARD MEMBER

    Total calculated
    $0
  • JIJUNG CHO

    BOARD MEMBER

    Total calculated
    $0
  • BRIAN KIM

    BOARD MEMBER

    Total calculated
    $0
  • YOON OK LEE

    BOARD MEMBER

    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
2024
Filed
10 February 2025
IRS schema version
2024v5.0
Source object
202620449349301942

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.