Form 990 for tax year 2022
Filed by KOREAN AMERICAN WOMENS ASSOCIATION.
Totals
- Total revenue
- $287,213
- Total expenses
- $236,679
- Contributions and grants received
- $174,060
- Grants paid
- $0
- Program service revenue
- $50,871
- Investment income
- $8,002
- Other revenue
- $54,280
- Total assets, end of year
- $1,901,677
- Total liabilities, end of year
- $476,749
- Net assets or fund balances, end of year
- $1,424,928
- Program services expenses (Part IX)
- $128,000
- Management and general expenses
- $108,679
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $128,000
Program services were 54.1% 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.
-
1b · Membership dues
$17,720
-
1f · All other contributions, gifts and grants
$156,340
-
2a · Program service revenue: CLASS FEE
total $50,871
-
3 · Investment income
total $8,002
-
6a · Gross rents
real property $54,280
-
6c · Rental income or loss
real property $54,280
-
6d · Net rental income or loss
total $54,280
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $22,951 · program services $22,951
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $1,756 · program services $1,756
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,000 · management and general $1,000
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $1,840 · program services $1,840
-
13 · Office expenses
total $6,596 · management and general $6,596
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $21,715 · management and general $21,715
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,503 · management and general $11,503
-
23 · Insurance
total $4,433 · management and general $4,433
-
24a · Other expenses: REPAIR MAINTENANCE
total $26,269 · management and general $26,269
-
24b · Other expenses: TAX - PROPERTY
total $22,345 · management and general $22,345
-
24c · Other expenses: TELEPHONE
total $3,043 · management and general $3,043
-
24d · Other expenses: UTILITIES
total $4,677 · management and general $4,677
-
24e · All other expenses
total $108,551 · program services $101,453 · management and general $7,098
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $281,754 · end of year $224,640
-
10a · Land, buildings and equipment: cost or other basis
$1,694,780
-
10b · Land, buildings and equipment: accumulated depreciation
$17,743
-
10c · Land, buildings and equipment, net
beginning of year $1,688,540 · end of year $1,677,037
-
22 · Loans and payables to officers and key people
beginning of year $100,000
-
23 · Secured mortgages and notes payable
beginning of year $491,206 · end of year $472,178
-
25 · Other liabilities
beginning of year $4,694 · end of year $4,571
-
27 · Net assets without donor restrictions
beginning of year $1,374,394 · end of year $1,424,928
Mission and programs · 2022
Mission
COMMITTED TO SERVE KOREAN AMERICAN COMMUNITY BY PROVIDING VARIOUS SERVICES AND PROGRAMS
-
THE ORGANIZATION OFFERS VARIOUS PROGRAMS AND SERVICES TO TO EMPOWER WOMEN AND DEVELOP THEIR LEADERSHIP SKILLS.
Expenses $128,000 · Grants $38,479 · Revenue $50,871
As filed on the 2022 return.
Listed in Part VII
-
Elizabeth ParkELIZABETH PARK
CFO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Yeong Yi ShinYEONG YI SHIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Yang Mi LeeYANG MI LEE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
In Ae ChoiIN AE CHOI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Hiesung ParkHIESUNG PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Byung Im ChungBYUNG IM CHUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Frances ChoeFRANCES CHOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Esther KimESTHER KIM
CEO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kyung Hee KimKYUNG HEE KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Angela LeeANGELA LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joung ChoiJOUNG CHOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sook Ja ParkSOOK JA PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Hae Kyung LeeHAE KYUNG LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Liz LimLIZ LIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Elizabeth LeeELIZABETH LEE
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jinsook ChoJINSOOK CHO
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sarah JunSARAH JUN
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Helena PaikHELENA PAIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nicky OhNICKY OH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kyung ChoiKYUNG CHOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Caroline ChoeCAROLINE CHOE
DIRECTOR
- 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
- 8 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312589349302141
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