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← KOREAN AMERICAN SPECIAL EDUCATION CENTER

Form 990 for tax year 2024

Filed by KOREAN AMERICAN SPECIAL EDUCATION CENTER.

Totals

Total revenue
$908,904
Total expenses
$852,234
Contributions and grants received
$730,738
Grants paid
$0
Program service revenue
$24,378
Investment income
$18,214
Other revenue
$135,574
Total assets, end of year
$648,145
Total liabilities, end of year
$155,880
Net assets or fund balances, end of year
$492,265
Program services expenses (Part IX)
$733,050
Management and general expenses
$83,195
Fundraising expenses
$35,989
Program service expenses (Part III)
$733,050

Program services were 86.0% 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.

  • 1b · Membership dues

    $8,400

  • 1e · Government grants (contributions)

    $303,000

  • 1f · All other contributions, gifts and grants

    $419,338

  • 2a · Program service revenue: PROGRAM SERVICE

    total $24,378 · related or exempt $24,378

  • 3 · Investment income

    total $18,214 · related or exempt $18,214

  • 8a · Fundraising events: gross income

    $135,574

  • 8c · Net income from fundraising events

    total $135,574

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $421,413 · program services $383,145 · management and general $38,268

  • 8 · Pension plan contributions

    total $9,802 · program services $8,242 · management and general $1,560

  • 9 · Other employee benefits

    total $38,331 · program services $34,630 · management and general $3,701

  • 10 · Payroll taxes

    total $34,950 · program services $31,484 · management and general $3,466

  • 11c · Fees: accounting

    total $2,900 · management and general $2,900

  • 12 · Advertising and promotion

    total $26,344 · program services $26,344

  • 13 · Office expenses

    total $10,470 · program services $3,793 · management and general $4,610 · fundraising $2,067

  • 16 · Occupancy

    total $97,763 · program services $64,502 · management and general $6,969 · fundraising $26,292

  • 19 · Conferences, conventions and meetings

    total $8,248 · program services $8,248

  • 20 · Interest

    total $7,692 · management and general $7,692

  • 23 · Insurance

    total $7,858 · program services $3,509 · management and general $2,537 · fundraising $1,812

  • 24a · Other expenses: OUTSIDE CONTRACT SERVICE

    total $91,443 · program services $91,443

  • 24b · Other expenses: PROGRAM EVENTS

    total $28,465 · program services $28,465

  • 24c · Other expenses: PERSONAL EXPENSES OTHER

    total $23,483 · program services $23,483

  • 24d · Other expenses: AUTO EXPENSE

    total $5,993 · program services $5,993

  • 24e · All other expenses

    total $37,079 · program services $19,769 · management and general $11,492 · fundraising $5,818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $591,143 · end of year $648,145

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

    $14,108

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

    $14,108

  • 25 · Other liabilities

    beginning of year $155,572 · end of year $155,880

  • 27 · Net assets without donor restrictions

    beginning of year $406,017 · end of year $462,711

  • 28 · Net assets with donor restrictions

    beginning of year $29,554 · end of year $29,554

Mission and programs · 2024

Mission

THE ENTITYS PROGRAMS AND SERVICES ARE DIRECTED TOWARD PEOPLE WITH DISABILITIES AND THEIR FAMILIES, AND RAISE AWARENESS OF DISABILITIES IN THE COMMUNITY.

Activities or mission (Part I)

TO PROVIDE EDUCATION AND SERVICE TO CHILDREN WITH DISABILITIES AND THEIR FAMILY.

  • GRANT-FUNDED COMMUNITY SUPPORT PROGRAMS: KASEC IMPLEMENTED SEVERAL GRANT-FUNDED PROJECTS TO SUPPORT CHILDREN WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES ACROSS CALIFORNIA. THESE INCLUDED: 1. FREE EARLY DEVELOPMENTAL SCREENINGS FOR CHILDREN AGES 0-5 2. A MENTAL HEALTH AWARENESS CAMPAIGN TAILORED TO KOREAN AMERICAN COMMUNITIES 3. THE ONGOING DEVELOPMENT OF A CULTURALLY RESPONSIVE PARENT TRAINING CURRICULUM, DESIGNED TO HELP IMMIGRANT FAMILIES BETTER UNDERSTAND AND NAVIGATE DEVELOPMENTAL DISABILITY SERVICES.

    Expenses $242,647 · Revenue $290,000

  • KASEC PROVIDES A RANGE OF PROGRAMS AND SERVICES SUPPORTING INDIVIDUALS WITH AUTISM AND OTHER DEVELOPMENTAL DISABILITIES, AS WELL AS THEIR FAMILIES. KEY SERVICES INCLUDE INCLUSIVE BASKETBALL AND MUSIC PROGRAMS, ADHD CONSULTATION, PARENTING SEMINARS AND WORKSHOPS, AND DEVELOPMENTAL AND AUTISM DIAGNOSTIC SERVICES. ALL PROGRAMS ARE DESIGNED TO SUPPORT THE EDUCATION, WELL-BEING, AND INCLUSION OF INDIVIDUALS WITH DISABILITIES WITHIN THE COMMUNITY.

    Expenses $490,403 · Revenue $384,148

As filed on the 2024 return.

Listed in Part VII

  • Kyunghae Rosa Chang

    EXECUTIVE DI

    Total calculated
    $66,488
    From this org
    $66,488
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sungheon Kang

    BOARD CHAIR

    Total calculated
    $0

  • John Kim

    BOARD MEMBER

    Total calculated
    $0

  • Karen Moon

    BOARD MEMBER

    Total calculated
    $0

  • Hyun S Park

    BOARD MEMBER

    Total calculated
    $0

  • Jin Park

    BOARD MEMBER

    Total calculated
    $0

  • Ki Hong Park

    BOARD MEMBER

    Total calculated
    $0

  • Albert Jang

    TREASURER

    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
29 May 2025
IRS schema version
2024v5.0
Source object
202531569349301623

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