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Nonprofiteer
← MINKWON CENTER FOR COMMUNITY ACTION INC

Form 990 for tax year 2022

Filed by MINKWON CENTER FOR COMMUNITY ACTION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 4 May 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$3,142,356 changed to $3,142,786
Total expenses
$2,472,441 changed to $2,502,356
Contributions and grants received
$3,142,356 changed to $3,142,786
Total assets, end of year
$3,994,425 changed to $4,333,835
Total liabilities, end of year
$1,159,932 changed to $1,528,827
Net assets or fund balances, end of year
$2,834,493 changed to $2,805,008
Management and general expenses
$295,451 changed to $325,366

Totals

Total revenue
$3,142,356
Total expenses
$2,472,441
Contributions and grants received
$3,142,356
Grants paid
$191,517
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,994,425
Total liabilities, end of year
$1,159,932
Net assets or fund balances, end of year
$2,834,493
Program services expenses (Part IX)
$1,982,196
Management and general expenses
$295,451
Fundraising expenses
$194,794
Program service expenses (Part III)
$1,982,196

Program services were 80.2% 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.

  • 1c · Fundraising events

    $45,628

  • 1e · Government grants (contributions)

    $1,476,673

  • 1f · All other contributions, gifts and grants

    $1,620,055

  • 8a · Fundraising events: gross income

    $17,369

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

    $45,628

  • 8b · Fundraising events: direct expenses

    $17,369

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $174,798 · program services $174,798

  • 2 · Grants to domestic individuals

    total $16,719 · program services $16,719

  • 5 · Compensation of officers, directors and key employees

    total $81,223 · program services $69,746 · management and general $2,515 · fundraising $8,962

  • 7 · Other salaries and wages

    total $1,123,359 · program services $964,622 · management and general $34,786 · fundraising $123,951

  • 9 · Other employee benefits

    total $128,968 · program services $110,744 · management and general $3,994 · fundraising $14,230

  • 10 · Payroll taxes

    total $91,788 · program services $78,818 · management and general $2,842 · fundraising $10,128

  • 11c · Fees: accounting

    total $63,378 · program services $13,004 · management and general $50,374 · fundraising $0

  • 14 · Information technology

    total $8,322 · program services $1,706 · management and general $6,616 · fundraising $0

  • 16 · Occupancy

    total $103,700 · program services $6,062 · management and general $97,638 · fundraising $0

  • 17 · Travel

    total $18,674 · program services $3,720 · management and general $14,954 · fundraising $0

  • 20 · Interest

    total $1,121 · program services $0 · management and general $1,121 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $4,017 · program services $0 · management and general $4,017 · fundraising $0

  • 23 · Insurance

    total $12,597 · program services $3,609 · management and general $8,988 · fundraising $0

  • 24a · Other expenses: EQUIPMENT RENTAL AND MAINTENANCE

    total $15,839 · program services $5,618 · management and general $10,221 · fundraising $0

  • 24b · Other expenses: SUPPLIES

    total $12,284 · program services $3,009 · management and general $9,275 · fundraising $0

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $17,250 · program services $4,370 · management and general $12,880 · fundraising $0

  • 24d · Other expenses: PRINTING

    total $8,406 · program services $5,410 · management and general $2,996 · fundraising $0

  • 24e · All other expenses

    total $589,998 · program services $520,241 · management and general $32,234 · fundraising $37,523

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,520,377 · end of year $2,882,454

  • 4 · Accounts receivable

    beginning of year $667,126 · end of year $990,339

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,267 · end of year $37,975

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

    $80,267

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

    $7,718

  • 10c · Land, buildings and equipment, net

    beginning of year $56,485 · end of year $72,549

  • 15 · Other assets

    beginning of year $11,108 · end of year $11,108

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,609 · end of year $251,468

  • 19 · Deferred revenue

    beginning of year $868,391 · end of year $908,464

  • 24 · Unsecured notes and loans payable

    beginning of year $163,785 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,484,285 · end of year $1,888,420

  • 28 · Net assets with donor restrictions

    beginning of year $680,293 · end of year $946,073

Mission and programs · 2022

Mission

COMPANY'S MISSION IS EMPOWERING THE KOREAN AMERICAN COMMUNITY, AND WIDER ASIAN AMERICAN AND IMMIGRANT COMMUNITIES, TO ACHIEVE ECONOMIC AND SOCIAL JUSTICE FOR ALL.

  • ADVOCACY & COMMUNITY ORGANIZING - REPRESENTS COMMUNITY NEEDS ON THE FEDERAL ,STATE AND LOCAL LEVELS OF GOVERNMENT AND PROVIDES OUR COMMUNITY THE PLATFORM TO ENGAGE IN GRASSROOTS ORGANIZING AND ACTIVISM.

    Expenses $334,655 · Grants $35,000

  • SOCIAL & LEGAL SERVICES - OFFERS A COMPREHENSIVE RANGE OF FREE SOCIAL AND LEGAL SERVICES TO MORE THAN 8,000 LOW-INCOME COMMUNITY MEMBERS, MOSTLY ARE LIMITED ENGLISH PROFICIENT IMMIGRANTS WHO HAVE DIFFICULTY GAINING POTENTIAL AVAILABLE RESOURCES.

    Expenses $1,186,676 · Grants $38,698

  • CIVIC PARTICIPATION - LEAD THE APA VOICE (VOTING AND ORGANIZING FOR INCREASED CIVIC ENGAGEMENT) - A EIGHTEEN-MEMBER COLLABORATIVE DEDICATED TO DEMONSTRATING BOTH THE POWER AND NEEDS OF THE ASIAN-AMERICAN IMMIGRANT POPULATION THROUGH VOTER TURNOUT AND EDUCATION.

    Expenses $318,668 · Grants $101,100

  • YOUTH EMPOWERMENT & CULTURE -PROVIDES ASIAN-AMERICAN HIGH SCHOOL YOUTH THE OPPORTUNITY TO LEARN NEW SKILLS OUTSIDE OF AN ACADEMIC SETTING THROUGH EDUCATION , SERVICE AND INTERPERSONAL DEVELOPMENT/TEAM-BUILDING. TO PERFORM POONGMUL, AN ENSEMBLE OF TRADITIONAL KOREAN PERCUSSION INSTRUMENTS REPRESENTING VARIOUS ELEMENTS OF THE UNIVERSE.

    Expenses $142,197

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • YU SOUNG MUN

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LINA LEE

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER HEEJIN KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEE EUN CHANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BYUNG HO KANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSSAN LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUNGOK LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • YONG CHUN RIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN PARK

    EXECUTIVE DIRECTOR

    Total calculated
    $81,223
    From this org
    $81,223
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • YANGSUN PARK

    DIRECTOR/TREASURER

    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

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

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2023
IRS schema version
2022v5.0
Source object
202313199349322416

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

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