Form 990 for tax year 2024
Filed by THE KOREAN-AMERICAN FAMILY SERVICE CENTER INC.
Totals
- Total revenue
- $4,851,969
- Total expenses
- $3,611,304
- Contributions and grants received
- $2,159,625
- Grants paid
- $10,000
- Program service revenue
- $2,357,180
- Investment income
- $475,198
- Other revenue
- -$140,034
- Total assets, end of year
- $10,830,083
- Total liabilities, end of year
- $1,587,803
- Net assets or fund balances, end of year
- $9,242,280
- Program services expenses (Part IX)
- $2,812,471
- Management and general expenses
- $702,970
- Fundraising expenses
- $95,863
- Program service expenses (Part III)
- $2,812,471
Program services were 77.9% 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
$713,386
-
1e · Government grants (contributions)
$720,750
-
1f · All other contributions, gifts and grants
$725,489
-
1g · Noncash contributions included above
$90,167
-
2a · Program service revenue: GOVERNMENT FEES
total $1,314,983 · related or exempt $1,314,983
-
2b · Program service revenue: PROGRAM FEES
total $1,042,197 · related or exempt $1,042,197
-
3 · Investment income
total $106,285 · excluded $106,285
-
7a · Gross sales of assets other than inventory
securities $917,464
-
7b · Less cost or other basis and sales expenses
securities $548,551
-
7c · Gain or loss
securities $368,913
-
7d · Net gain or loss
total $368,913 · excluded $368,913
-
8a · Fundraising events: gross income
$246,868
-
8a · Fundraising events: contributions included on line 1c
$713,386
-
8b · Fundraising events: direct expenses
$393,794
-
8c · Net income from fundraising events
total -$146,926 · excluded -$146,926
-
11a · Other revenue: OTHER INCOME
total $6,892 · related or exempt $6,892
-
11e · Other revenue, total
$6,892
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,000 · program services $10,000
-
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 $337,161 · program services $234,854 · management and general $102,307
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,373,445 · program services $1,315,590 · management and general $14,112 · fundraising $43,743
-
8 · Pension plan contributions
total $11,862 · program services $10,752 · management and general $807 · fundraising $303
-
9 · Other employee benefits
total $186,148 · program services $168,719 · management and general $12,669 · fundraising $4,760
-
10 · Payroll taxes
total $182,783 · program services $165,669 · management and general $12,440 · fundraising $4,674
-
11a · Fees: management
total $132,396 · program services $51,760 · management and general $80,636
-
11b · Fees: legal
total $46,004 · management and general $46,004
-
11c · Fees: accounting
total $30,000 · management and general $30,000
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $180,635 · program services $87,882 · management and general $77,303 · fundraising $15,450
-
12 · Advertising and promotion
total $99,664 · program services $97,914 · management and general $1,750
-
13 · Office expenses
total $208,093 · program services $172,241 · management and general $10,358 · fundraising $25,494
-
14 · Information technology
total $17,724 · management and general $17,724
-
15 · Royalties
total $0
-
16 · Occupancy
total $413,707 · program services $279,735 · management and general $133,972
-
17 · Travel
total $91,275 · program services $76,018 · management and general $14,159 · fundraising $1,098
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $98,764 · program services $83,038 · management and general $15,726
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $22,630 · program services $12,400 · management and general $10,230
-
23 · Insurance
total $20,942 · program services $11,960 · management and general $8,982
-
24a · Other expenses: DUES, FEES AND SUBSCRIPTIONS
total $44,394 · program services $4,800 · management and general $39,253 · fundraising $341
-
24b · Other expenses: LEASE TERMINATION FEE
total $38,420 · management and general $38,420
-
24c · Other expenses: COMMUNITY RELATIONS
total $22,198 · management and general $22,198
-
24d · Other expenses: OTHER EVENT EXPENSES
total $19,562 · program services $19,562
-
24e · All other expenses
total $23,497 · program services $9,577 · management and general $13,920
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,394,118 · end of year $796,192
-
2 · Savings and temporary cash investments
beginning of year $1,746,219 · end of year $3,541,827
-
3 · Pledges and grants receivable
beginning of year $653,594 · end of year $545,500
-
4 · Accounts receivable
beginning of year $359 · end of year $3,581
-
8 · Inventories for sale or use
beginning of year $1,150 · end of year $1,150
-
9 · Prepaid expenses and deferred charges
beginning of year $82,055 · end of year $57,580
-
10a · Land, buildings and equipment: cost or other basis
$767,239
-
10b · Land, buildings and equipment: accumulated depreciation
$238,725
-
10c · Land, buildings and equipment, net
beginning of year $548,644 · end of year $528,514
-
11 · Investments: publicly traded securities
beginning of year $893,434
-
15 · Other assets
beginning of year $3,672,115 · end of year $5,355,739
-
17 · Accounts payable and accrued expenses
beginning of year $211,207 · end of year $221,120
-
18 · Grants payable
end of year $10,000
-
25 · Other liabilities
beginning of year $408,411 · end of year $1,356,683
-
27 · Net assets without donor restrictions
beginning of year $6,838,570 · end of year $7,650,451
-
28 · Net assets with donor restrictions
beginning of year $1,533,500 · end of year $1,591,829
Mission and programs · 2024
Mission
THE KOREAN-AMERICAN FAMILY SERVICE CENTER, INC. KAFSC SUPPORTS EMPOWERS ADULTS, YOUTH CHILDREN IN THE NEW YORK TRI-STATE AREA TO LEAD SAFE HEALTHY LIVES BASED ON DIGNITY, COMPASSION MUTUAL RESPECT. KAFSC IS COMMITTED TO PREVENTING ENDING DOMESTIC VIOLENCE, SEXUAL ASSAULT RELATIONSHIP ABUSE, CREATING A VIOLENCE-FREE SOCIETY.
Activities or mission (Part I)
KAFSC SUPPORTS AND EMPOWERS ADULTS, YOUTH AND CHILDREN IN THE NEW YORK TRI-STATE AREA TO LEAD SAFE AND HEALTHY LIVES BASED ON DIGNITY, COMPASSION AND MUTUAL RESPECT.
-
KAFSC OFFERS PROGRAMS TO STRENGTHEN COMMUNICATION AND PARENTING SKILLS, INCREASE ECONOMIC SELF-SUFFICIENCY, PROMOTE THE POSITIVE DEVELOPMENT OF CHILDREN AND YOUTH, AND PROVIDES COUNSELING, ADVOCACY AND EDUCATION IN A CULTURALLY AND LINGUISTICALLY APPROPRIATE SETTING.
Expenses $2,812,471 · Grants $10,000 · Revenue $2,357,180
As filed on the 2024 return.
Listed in Part VII
-
JEEHAE FISCHER
EXECUTIVE DIRECTOR
- Total calculated
- $193,212
- From this org
- $176,632
- From related orgs
- $0
- Other
- $16,580
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,632
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,868
- Nontaxable benefits
- $10,712
- Filer's total
- $193,212
-
MI JUNG YOU
DEPUTY DIRECTOR
- Total calculated
- $159,698
- From this org
- $145,146
- From related orgs
- $0
- Other
- $14,552
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,146
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,061
- Nontaxable benefits
- $10,491
- Filer's total
- $159,698
-
MICHELLE LEE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
DEANNE YI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
CATHY LEE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
SIJIN CHOI ESQ
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
ALBERT PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SONNI KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JUMEE SONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JULIENNE PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SELENA COHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER KANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SYLVIA LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TOM ROH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAUREN UY LEE ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ESTHER LIMB ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
YUMI OH
DIRECTOR
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$10,000
Queens Transitional Housing Project
Provenance
- Return type
- form_990
- Tax year
- 2024
- IRS schema version
- 2024v5.2
- Source object
- 202632269349302703
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