Totals
- Total revenue
- $877,829
- Total expenses
- $1,474,834
- Contributions and grants received
- $349,755
- Grants paid
- $0
- Program service revenue
- $519,081
- Investment income
- $0
- Other revenue
- $8,993
- Total assets, end of year
- $5,156,702
- Total liabilities, end of year
- $5,410,662
- Net assets or fund balances, end of year
- -$253,960
- Program services expenses (Part IX)
- $1,175,497
- Management and general expenses
- $161,170
- Fundraising expenses
- $138,167
- Program service expenses (Part III)
- $1,175,497
Program services were 79.7% 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.
-
1b · Membership dues
$26,310
-
1c · Fundraising events
$554
-
1e · Government grants (contributions)
$255,085
-
1f · All other contributions, gifts and grants
$67,806
-
2a · Program service revenue: PROGRAM SERVICE FEE
total $145,272 · related or exempt $145,272
-
2b · Program service revenue: EDUCATIONAL CLASS FEE
total $373,809 · related or exempt $373,809
-
11a · Other revenue: Other Income - Interest Income
total $7,707
-
11b · Other revenue: Other Income - Others
total $1,286
-
11e · Other revenue, total
$8,993
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 $426,659 · program services $331,009 · management and general $45,200 · fundraising $50,450
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $61,711 · program services $47,876 · management and general $6,538 · fundraising $7,297
-
10 · Payroll taxes
total $38,103 · program services $29,561 · management and general $4,037 · fundraising $4,505
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,550 · management and general $5,550
-
11c · Fees: accounting
total $25,160 · management and general $25,160
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $50,229 · program services $38,969 · management and general $5,321 · fundraising $5,939
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $39,399 · program services $30,566 · management and general $4,174 · fundraising $4,659
-
20 · Interest
total $292,256 · program services $226,737 · management and general $30,961 · fundraising $34,558
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $147,698 · program services $114,586 · management and general $15,647 · fundraising $17,465
-
23 · Insurance
total $27,326 · program services $21,200 · management and general $2,895 · fundraising $3,231
-
24a · Other expenses: Program related expenses
total $268,964 · program services $268,964
-
24b · Other expenses: Utilities
total $30,768 · program services $23,870 · management and general $3,260 · fundraising $3,638
-
24c · Other expenses: Cleaning service
total $22,870 · program services $17,743 · management and general $2,423 · fundraising $2,704
-
24d · Other expenses: Repair and maintenance
total $10,225 · program services $7,933 · management and general $1,083 · fundraising $1,209
-
24e · All other expenses
total $27,916 · program services $16,483 · management and general $8,921 · fundraising $2,512
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $738,007 · end of year $57,624
-
10a · Land, buildings and equipment: cost or other basis
$6,454,076
-
10b · Land, buildings and equipment: accumulated depreciation
$1,373,209
-
10c · Land, buildings and equipment, net
beginning of year $5,212,709 · end of year $5,080,867
-
14 · Intangible assets
beginning of year $19,309 · end of year $18,211
-
17 · Accounts payable and accrued expenses
beginning of year $66,190 · end of year $36,134
-
23 · Secured mortgages and notes payable
beginning of year $5,560,790 · end of year $5,374,528
-
27 · Net assets without donor restrictions
beginning of year $343,045 · end of year -$253,960
Mission and programs · 2024
Mission
To promote healthy and independent living for all ages and to integrate the people with Korean Heritage into the greater community through culture and education, outreach, health and social services,and civic advocacy.
Activities or mission (Part I)
To be a bridge for Korean immigrants wider Asian community to fully integrate into society and overcome any economic, health and linguistic barriers so that they become independent thriving members of the community.
-
Provided educational, cultural, and physical wellness programs through classes at the center. Assisted parents and children/youth promoting pride in themselves through seminar, counseling and other activities. Qualified instructors were recruited, and professional services were provided.
Expenses $331,009
-
Provided senior care service through care management program, information, assistance, and benefit screening. Provided preventive health services including community health disparity prevention program, aging and disability resource centers care management program, health screening, health education, and immunization services. Advertised programs in the web and newspaper to induce public to join the programs. Performed art contest to create opportunities for the children, middle and high school students of KCC family members to receive recognition, encourage personal growth and confidence, offer professional development, meet and network with young professionals, etc.
Expenses $268,964
-
Secure building space for the program services.
Expenses $226,737
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KYUNGMUN NAM
EXECUTIVE OFFICER / CEO
- Total calculated
- $60,000
- From this org
- $60,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
JUNGHYE AHN
DIRECTOR OF HEALTH AND SOCIAL SERVICES CARE MANAGER
- Total calculated
- $50,000
- From this org
- $50,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
SEUNGHEE KANG
DIRECTOR OF OPERATIONS COMMUNICATIONS
- Total calculated
- $49,000
- From this org
- $49,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
IL KYUNG SONG
CREATIVE DIRECTOR
- Total calculated
- $40,000
- From this org
- $40,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
YOUNG DECK LEE
CARE MANAGER
- Total calculated
- $38,667
- From this org
- $38,667
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
KEVIN SHIM
TRUSTEE AND SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
CONNIE CHOI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JASON CHON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 17 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349311069
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