Totals
- Total revenue
- $565,980
- Total expenses
- $527,826
- Contributions and grants received
- $528,057
- Grants paid
- $0
- Program service revenue
- $30,968
- Investment income
- $6,955
- Other revenue
- $0
- Total assets, end of year
- $689,978
- Total liabilities, end of year
- $210,271
- Net assets or fund balances, end of year
- $479,707
- Program services expenses (Part IX)
- $473,777
- Management and general expenses
- $40,163
- Fundraising expenses
- $13,886
- Program service expenses (Part III)
- $473,777
Program services were 89.8% 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.
-
1a · Federated campaigns
$232,166
-
1c · Fundraising events
$8,246
-
1d · Related organizations
$287,645
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $30,968 · related or exempt $30,968
-
3 · Investment income
total $6,955 · related or exempt $6,955
-
8a · Fundraising events: contributions included on line 1c
$8,246
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $338,478 · program services $323,571 · management and general $6,111 · fundraising $8,796
-
10 · Payroll taxes
total $29,182 · program services $27,897 · management and general $527 · fundraising $758
-
11b · Fees: legal
total $2,340 · management and general $2,340
-
11c · Fees: accounting
total $5,626 · management and general $5,626
-
12 · Advertising and promotion
total $900 · program services $900
-
13 · Office expenses
total $5,651 · program services $2,726 · management and general $2,925
-
16 · Occupancy
total $24,024 · program services $22,966 · management and general $434 · fundraising $624
-
17 · Travel
total $5,094 · program services $3,350 · management and general $821 · fundraising $923
-
19 · Conferences, conventions and meetings
total $1,878 · program services $978 · management and general $900
-
20 · Interest
total $2,453 · management and general $2,453
-
23 · Insurance
total $22,641 · program services $21,644 · management and general $409 · fundraising $588
-
24a · Other expenses: PROGRAM EXPENSES
total $61,998 · program services $59,268 · management and general $1,119 · fundraising $1,611
-
24b · Other expenses: OTHER EXPENSES
total $10,237 · program services $2,904 · management and general $7,033 · fundraising $300
-
24c · Other expenses: TRAINING & SEMINAR
total $6,700 · program services $555 · management and general $6,145
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $5,116 · program services $2,250 · management and general $2,866
-
24e · All other expenses
total $5,508 · program services $4,768 · management and general $454 · fundraising $286
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $612,508 · end of year $611,748
-
2 · Savings and temporary cash investments
end of year $2,500
-
3 · Pledges and grants receivable
end of year $37,661
-
15 · Other assets
end of year $38,069
-
17 · Accounts payable and accrued expenses
beginning of year $18,055 · end of year $44,393
-
24 · Unsecured notes and loans payable
beginning of year $152,900 · end of year $152,900
-
25 · Other liabilities
end of year $12,978
-
27 · Net assets without donor restrictions
beginning of year $278,626 · end of year $316,780
-
28 · Net assets with donor restrictions
beginning of year $162,927 · end of year $162,927
Mission and programs · 2022
Mission
TO FACILIATE THE KOREAN AMERICAN COMMUNITY'S PARTICIPATION IN CIVIC, LEGISLATIVE AND COMMUNITY AFFAIRS, ENCOURAGING THE COMMUNITY TO CONTRIBUTE TO AND BECOME AN INTEGRAL PART OF THE BROADER SOCIETY.
Activities or mission (Part I)
TO FACILITATE THE KOREAN AMERICAN COMMUNITY'S PARTICIPATION IN CIVIC, LEGISLATIVE, AND COMMUNITY AFFAIRS, ENCOURAGING THE COMMUNITY TO CONTRIBUTE TO AND BECOME AN INTEGRAL PART OF THE BROADER SOCIETY.
-
EMPOWERMENT
Expenses $259,515
-
SPECIAL PROJECT
Expenses $126,752
-
CIVIC ENGAGEMENT,CENSUS,VOTER REGISTRATION
Expenses $87,510
As filed on the 2022 return.
Listed in Part VII
-
Eunice SongEUNICE SONG
EXECUTIVE/AD
- Total calculated
- $126,064
- From this org
- $126,064
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 40 related
-
Robert J Kang EsqROBERT J KANG ESQ
BOARD VICE C
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Albert J JangALBERT J JANG
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Garrett LeeGARRETT LEE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Susie OhSUSIE OH
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349324919
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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