Totals
- Total revenue
- $2,066,189
- Total expenses
- $1,584,853
- Contributions and grants received
- $719,309
- Grants paid
- $0
- Program service revenue
- $1,287,749
- Investment income
- $59,131
- Other revenue
- $0
- Total assets, end of year
- $2,486,787
- Total liabilities, end of year
- $197,609
- Net assets or fund balances, end of year
- $2,289,178
- Program services expenses (Part IX)
- $1,129,146
- Management and general expenses
- $455,707
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,129,146
Program services were 71.2% 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.
-
1e · Government grants (contributions)
$449,447
-
1f · All other contributions, gifts and grants
$269,862
-
2a · Program service revenue: Long-term Care
total $1,285,905 · related or exempt $1,285,905
-
2b · Program service revenue: Participant Fees for C
total $1,844 · related or exempt $1,844
-
3 · Investment income
total $36,374 · excluded $36,374
-
7a · Gross sales of assets other than inventory
other assets $39,191
-
7b · Less cost or other basis and sales expenses
other assets $16,434
-
7c · Gain or loss
other assets $22,757
-
7d · Net gain or loss
total $22,757 · excluded $22,757
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $88,401 · program services $67,378 · management and general $21,023
-
7 · Other salaries and wages
total $961,194 · program services $732,530 · management and general $228,664
-
9 · Other employee benefits
total $63,497 · program services $49,069 · management and general $14,428
-
10 · Payroll taxes
total $80,673 · program services $61,672 · management and general $19,001
-
11c · Fees: accounting
total $11,482 · program services $11,482
-
11g · Fees: other
total $86,114 · program services $34,834 · management and general $51,280
-
12 · Advertising and promotion
total $1,092 · management and general $1,092
-
13 · Office expenses
total $14,013 · program services $12,740 · management and general $1,273
-
14 · Information technology
total $10,545 · program services $10,184 · management and general $361
-
16 · Occupancy
total $8,149 · management and general $8,149
-
17 · Travel
total $2,067 · program services $586 · management and general $1,481
-
19 · Conferences, conventions and meetings
total $4,383 · program services $4,383
-
22 · Depreciation, depletion and amortization
total $27,301 · management and general $27,301
-
23 · Insurance
total $15,493 · program services $10,117 · management and general $5,376
-
24a · Other expenses: Classes and dining
total $169,538 · program services $129,717 · management and general $39,821
-
24b · Other expenses: Maintenance
total $25,584 · management and general $25,584
-
24c · Other expenses: Gift cards
total $7,567 · management and general $7,567
-
24d · Other expenses: Dues and subscriptions
total $3,354 · program services $1,854 · management and general $1,500
-
24e · All other expenses
total $4,406 · program services $2,600 · management and general $1,806
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $293,959 · end of year $379,495
-
2 · Savings and temporary cash investments
beginning of year $350,060 · end of year $42,675
-
4 · Accounts receivable
beginning of year $501,668 · end of year $461,320
-
9 · Prepaid expenses and deferred charges
beginning of year $3,087 · end of year $21,773
-
10a · Land, buildings and equipment: cost or other basis
$362,011
-
10b · Land, buildings and equipment: accumulated depreciation
$158,262
-
10c · Land, buildings and equipment, net
beginning of year $232,673 · end of year $203,749
-
12 · Investments: other securities
beginning of year $741,916 · end of year $1,377,775
-
17 · Accounts payable and accrued expenses
beginning of year $268,783 · end of year $146,691
-
23 · Secured mortgages and notes payable
beginning of year $56,533 · end of year $50,918
-
27 · Net assets without donor restrictions
beginning of year $1,798,047 · end of year $2,289,178
Mission and programs · 2023
Mission
The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all interested people.
Activities or mission (Part I)
The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all interest people.
-
The Korean Service Center provides a variety of social services for Korean and other immigrants in Minnesota. The services include special access, assisted living, transportation services, caregiver support services for the elderly, Senior School and the family enrichment program for families and individuals.
Expenses $1,129,146 · Revenue $1,287,749
As filed on the 2023 return.
Listed in Part VII
-
Dennis K Kim
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Soo Young No
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sangyeoul Jung
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kay Cha Yang
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Hyun Kim
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jungyong Park
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sung Sook Kim
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Hyun Won Shin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Hee Yun Lee
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sang Won Song
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jihee Woo
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kwangja Kwon
Executive Director
- Total calculated
- $89,403
- From this org
- $88,746
- From related orgs
- $0
- Other
- $657
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401289349303315
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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