Skip to content
Nonprofiteer
← KOREAN AMERICAN FAMILY SERVICES INC

Form 990 for tax year 2022

Filed by KOREAN AMERICAN FAMILY SERVICES INC.

Totals

Total revenue
$7,724,812
Total expenses
$6,513,200
Contributions and grants received
$7,622,103
Grants paid
$0
Program service revenue
$98,566
Investment income
$4,143
Other revenue
$0
Total assets, end of year
$5,257,799
Total liabilities, end of year
$1,489,707
Net assets or fund balances, end of year
$3,768,092
Program services expenses (Part IX)
$5,988,375
Management and general expenses
$496,584
Fundraising expenses
$28,241
Program service expenses (Part III)
$5,988,375

Program services were 91.9% 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

    $176,779

  • 1e · Government grants (contributions)

    $5,826,664

  • 1f · All other contributions, gifts and grants

    $1,618,660

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $98,566 · related or exempt $98,566

  • 3 · Investment income

    total $4,143 · excluded $4,143

  • 8a · Fundraising events: gross income

    $132,153

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

    $176,779

  • 8b · Fundraising events: direct expenses

    $132,153

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,005 · program services $145,131 · management and general $5,061 · fundraising $1,813

  • 7 · Other salaries and wages

    total $1,661,598 · program services $1,586,525 · management and general $55,230 · fundraising $19,843

  • 8 · Pension plan contributions

    total $8,975 · program services $8,550 · management and general $323 · fundraising $102

  • 9 · Other employee benefits

    total $24,298 · program services $23,075 · management and general $959 · fundraising $264

  • 10 · Payroll taxes

    total $141,902 · program services $135,200 · management and general $5,082 · fundraising $1,620

  • 11g · Fees: other

    total $151,193 · program services $112,668 · management and general $37,760 · fundraising $765

  • 12 · Advertising and promotion

    total $3,795 · program services $3,766 · management and general $19 · fundraising $10

  • 13 · Office expenses

    total $129,895 · program services $110,411 · management and general $18,719 · fundraising $765

  • 16 · Occupancy

    total $244,959 · program services $49,727 · management and general $194,333 · fundraising $899

  • 17 · Travel

    total $39,969 · program services $26,313 · management and general $13,656

  • 19 · Conferences, conventions and meetings

    total $72,503 · program services $37,335 · management and general $35,168

  • 20 · Interest

    total $4,124 · management and general $4,124

  • 22 · Depreciation, depletion and amortization

    total $38,935 · management and general $38,935

  • 23 · Insurance

    total $185,453 · program services $178,170 · management and general $5,123 · fundraising $2,160

  • 24a · Other expenses: PROGRAM EXPENSES

    total $2,769,852 · program services $2,769,852

  • 24b · Other expenses: CLIENT SUPPORT

    total $799,132 · program services $774,805 · management and general $24,327

  • 24c · Other expenses: DUES & SUBSCRIPTION

    total $48,984 · program services $14,356 · management and general $34,628

  • 24d · Other expenses: MISCELLANEOUS

    total $19,654 · program services $635 · management and general $19,019

  • 24e · All other expenses

    total $15,974 · program services $11,856 · management and general $4,118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,963,711 · end of year $2,888,779

  • 2 · Savings and temporary cash investments

    beginning of year $174,761 · end of year $215,289

  • 3 · Pledges and grants receivable

    beginning of year $750,894 · end of year $1,011,530

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,291 · end of year $10,781

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

    $609,210

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

    $323,091

  • 10c · Land, buildings and equipment, net

    beginning of year $111,401 · end of year $286,119

  • 15 · Other assets

    beginning of year $0 · end of year $845,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,757 · end of year $482,512

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $857,195

  • 27 · Net assets without donor restrictions

    beginning of year $2,384,137 · end of year $3,637,828

  • 28 · Net assets with donor restrictions

    beginning of year $135,164 · end of year $130,264

Mission and programs · 2022

Mission

TO SUPPORT AND STRENGTHEN KOREAN AMERICAN FAMILIES AND INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION, AND OTHER SOCIAL SERVICES. SINCE ITS INCEPTION IN 1983, KFAM HAS PROVIDED ASSISTANCE TO TENS OF THOUSANDS OF KOREAN AMERICANS PARTICULARLY WOMEN, CHILDREN, IMMIGRANTS, AND LOW-INCOME FAMILIES. KFAM SPECIALIZES IN PROVIDING LINGUISTICALLY AND CULTURALLY APPROPRIATE SERVICES THROUGH ITS BILINGUAL AND BICULTURAL STAFF.

Activities or mission (Part I)

TO EMPOWER UNDERSERVED KOREAN AMERICAN AND ASIAN PACIFIC ISLANDER FAMILIES THROUGH CULTURALLY RESPONSIVE PROGRAMS.

  • CHILD CARE FOOD PROGRAM - THE CHILD CARE FOOD PROGRAM (CCFP) IS A FEDERAL AND STATE FUNDED PROGRAM THAT PLAYS A VITAL ROLE IN HELPING MANY LOW-INCOME CHILDREN TO RECEIVE HEALTHY AND NUTRITIOUS MEALS. THE CCFP HOME AND CENTER REPRESENTATIVES TRAIN, ADVISE, AND MONITOR HUNDREDS OF LICENSED CHILD DAY CARE PROVIDERS TO ENSURE THAT OVER 4,000 CHILDREN ENJOY NUTRITIOUS MEALS AND SNACKS EVERY DAY. CCFP HOME OVERSEES LICENSED IN-HOME CHILD DAY CARE PROVIDERS AND CCFP CENTER OVERSEES LICENSED DAY CARE CENTERS. DURING THE FISCAL YEAR, KFAM TRAINED 300 CHILDCARE PROVIDERS AND SERVED NUTRITIOUS MEALS TO NEARLY 2,345 CHILDREN.

    Expenses $3,103,771 · Revenue $98,566

  • ASIAN FOSTER FAMILY INITIATIVE - AS THE NATION'S FIRST AND ONLY ASIAN PACIFIC ISLANDER-FOCUSED FOSTER FAMILY AGENCY, KFAM PROVIDES RECRUITMENT, TRAINING AND SUPPORT FOR ASIAN AMERICAN FOSTER PARENTS TO PROVIDE CULTURALLY NURTURING AND SAFE TEMPORARY HOMES TO FOSTER CHILDREN. SERVICES ARE PROVIDED IN ENGLISH, KOREAN, CHINESE, TAGALOG AND VIETNAMESE. PREVENTION AND INTERVENTION PROGRAMS, PARENTING WORKSHOPS, SUPERVISED VISITATIONS WITH BIRTH PARENTS AND OTHER FAMILY SUPPORT SERVICES. DURING THE FISCAL YEAR, 23 CHILDREN WERE PLACED IN AFFI FOSTER FAMILIES AND SERVED 2,000 CLIENTS THROUGH ITS COMMUNITY PROGRAM.

    Expenses $1,211,108

  • DOMESTIC VIOLENCE PROGRAM - THE DOMESTIC VIOLENCE PROGRAM (DV) PROVIDES BILINGUAL/BICULTURAL INTERVENTION AND PREVENTION SERVICES TO DV-IMPACTED INDIVIDUALS AND FAMILIES, INCLUDING 24-HOUR CRISIS HOTLINE, CASE MANAGEMENT AND EMPOWERMENT SERVICES FOR VICTIMS, SURVIVORS SUPPORT GROUP, BATTERERS INTERVENTION PROGRAM, CHILD SUPERVISED VISITATION, CHILD ABUSE PREVENTION/INTERVENTION, PREVENTION EDUCATION, TRAININGS, AND REFERRAL PARTNERSHIPS WITH CHURCHES AND COMMUNITY GROUPS. DURING THE FISCAL YEAR, COLLABORATED WITH 216 FAITH LEADERS TO STRENGTHEN THE COMMUNITY'S RESPONSE TO DOMESTICS VIOLENCE AND SERVED 2,000 CLIENTS THROUGH ITS COMMUNITY PROGRAM.

    Expenses $1,055,251

  • COUNSELING PROGRAMS - KFAM PROVIDES FREE AND LOW-COST MENTAL HEALTH COUNSELING SERVICES IN ENGLISH AND KOREAN INCLUDING INDIVIDUAL AND FAMILY COUNSELING PSYCHIATRIC EVALUATIONS, MEDICATION SUPPORT, GROUPS COUNSELING, PSYCHO-EDUCATION, PARENTING SKILLS, AND MENTAL WELLNESS WORKSHOPS. DURING THE FISCAL YEAR, 2,319 CLIENTS WERE SERVED THROUGH ITS COUNSELLING SERVICES.

    Expenses $618,245

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

Listed in Part VII

  • Charles Yoo

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Eugene Kim

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Lisa Yang

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Elisa Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Henry Byun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Choi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yun Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine Oh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jina Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Seung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Kwak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Regina Yoon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alix Nam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Yeom

    EXECUTIVE DIRECTOR

    Total calculated
    $124,101
    From this org
    $123,600
    From related orgs
    $0
    Other
    $501
    Hours/week
    55

  • Amy Yi

    FINANCE MANAGER

    Total calculated
    $27,904
    From this org
    $27,083
    From related orgs
    $0
    Other
    $821
    Hours/week
    50

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
2022
Filed
20 February 2024
IRS schema version
2022v5.0
Source object
202420529349301807

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

The source document this was parsed from is served over the API, which is where bulk and document access live.