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Nonprofiteer
← NATIONAL KOREAN AMERICAN SERVICE AND EDUCATION CONSORTIUM INC

Form 990 for tax year 2023

Filed by NATIONAL KOREAN AMERICAN SERVICE AND EDUCATION CONSORTIUM INC.

Totals

Total revenue
$8,079,116
Total expenses
$4,974,561
Contributions and grants received
$7,865,339
Grants paid
$814,433
Program service revenue
$0
Investment income
$224,229
Other revenue
-$10,452
Total assets, end of year
$9,881,863
Total liabilities, end of year
$660,491
Net assets or fund balances, end of year
$9,221,372
Program services expenses (Part IX)
$3,862,418
Management and general expenses
$975,669
Fundraising expenses
$136,474
Program service expenses (Part III)
$3,862,418

Program services were 77.6% 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

    $97,323

  • 1e · Government grants (contributions)

    $149,762

  • 1f · All other contributions, gifts and grants

    $7,618,254

  • 3 · Investment income

    total $224,229 · excluded $224,229

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $97,323

  • 8b · Fundraising events: direct expenses

    $10,452

  • 8c · Net income from fundraising events

    total -$10,452 · excluded -$10,452

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $814,433 · program services $814,433

  • 5 · Compensation of officers, directors and key employees

    total $446,548 · program services $358,956 · management and general $72,292 · fundraising $15,300

  • 7 · Other salaries and wages

    total $1,707,635 · program services $1,372,678 · management and general $276,449 · fundraising $58,508

  • 9 · Other employee benefits

    total $262,313 · program services $223,676 · management and general $29,807 · fundraising $8,830

  • 10 · Payroll taxes

    total $194,801 · program services $141,933 · management and general $46,363 · fundraising $6,505

  • 11b · Fees: legal

    total $59,049 · management and general $59,049

  • 11c · Fees: accounting

    total $91,395 · management and general $91,395

  • 11g · Fees: other

    total $163,113 · program services $17,528 · management and general $120,470 · fundraising $25,115

  • 12 · Advertising and promotion

    total $36,980 · program services $30,110 · management and general $6,370 · fundraising $500

  • 13 · Office expenses

    total $62,764 · program services $32,099 · management and general $25,886 · fundraising $4,779

  • 16 · Occupancy

    total $109,910 · program services $91,762 · management and general $13,736 · fundraising $4,412

  • 17 · Travel

    total $228,773 · program services $170,928 · management and general $51,154 · fundraising $6,691

  • 20 · Interest

    total $650 · management and general $650

  • 23 · Insurance

    total $10,376 · program services $516 · management and general $9,860

  • 24a · Other expenses: OUTSIDE SERVICES

    total $494,484 · program services $465,661 · management and general $26,987 · fundraising $1,836

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $150,845 · program services $38,188 · management and general $112,558 · fundraising $99

  • 24c · Other expenses: SEMINARS AND EDUCATION

    total $70,811 · program services $52,152 · management and general $14,760 · fundraising $3,899

  • 24d · Other expenses: TRANSLATION SERVICES

    total $47,874 · program services $41,983 · management and general $5,891

  • 24e · All other expenses

    total $21,807 · program services $9,815 · management and general $11,992

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,720,771 · end of year $7,274,097

  • 3 · Pledges and grants receivable

    beginning of year $1,002,225 · end of year $2,557,214

  • 4 · Accounts receivable

    beginning of year $12,153 · end of year $15,065

  • 9 · Prepaid expenses and deferred charges

    end of year $3,710

  • 15 · Other assets

    beginning of year $85,105 · end of year $31,777

  • 17 · Accounts payable and accrued expenses

    beginning of year $497,978 · end of year $452,391

  • 25 · Other liabilities

    beginning of year $82,444 · end of year $208,100

  • 27 · Net assets without donor restrictions

    beginning of year $6,239,832 · end of year $4,696,130

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $4,525,242

Mission and programs · 2023

Mission

TO ORGANIZE KOREAN AND ASIAN AMERICANS TO ACHIEVE SOCIAL, RACIAL AND ECONOMIC JUSTICE

  • CIVIC PARTICIPATION - PROMOTING AND HELPING KOREAN AMERICAN AND IMMIGRANTS OBTAIN AMERICAN CITIZENSHIP AND VOTING RIGHTS WITH THE GREATER GOAL OF BUILDING A NATIONAL MOVEMENT FOR SOCIAL CHANGE; AND HELPING KOREAN AMERICANS AND IMMIGRANTS PROTECT THEIR CIVIL RIGHTS AND LIBERTIES.

    Expenses $1,201,895 · Grants $181,786

  • IMMIGRANT RIGHTS - ENHANCING THE LIVES OF KOREAN AMERICANS AND IMMIGRANTS THROUGH EDUCATION, ADVOCACY, CULTURE AND COMMUNITY SERVICES.

    Expenses $2,052,882 · Grants $632,647

  • SERVICES & OUTREACHES - PROVIDING ASSISTANCE WITH CITIZENSHIP APPLICATIONS AND FINDING LOW-COST HEALTH PROVIDERS FOR COMMUNITY MEMBERS IN THE NORTHERN VIRGINIA REGION.

    Expenses $598,539

  • Expenses $9,102

As filed on the 2023 return.

Listed in Part VII

  • Reverend Eunsang Lee

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gayoung Chung

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Liz Hanna Rubio

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Hee Sook Kim

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dan Choi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aram Han Sifuentes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Kessel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonghun Kapsong Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cori McMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Saba Nafees

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Irene Shin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Belcore

    CO-DIRECTOR

    Total calculated
    $113,446
    From this org
    $113,446
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jung Woo Kim

    CO-DIRECTOR

    Total calculated
    $104,942
    From this org
    $104,942
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Nancy Wu

    FINANCE AND COMPLIANCE DIRECTOR

    Total calculated
    $95,856
    From this org
    $95,856
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sookyung Linda Oh

    EXECUTIVE DIRECTOR

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hyunja S Norman

    EXECUTIVE DIRECTOR

    Total calculated
    $81,615
    From this org
    $81,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 April 2025
IRS schema version
2023v6.0
Source object
202511009349301421

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