Civic Intelligence

Minnesota Korean Association Inc

EIN 23-7245567 • 501(c)3 • Vadnais Heights, MN

Profile

Organized for Korean Community in MN

1331 County Road D Circle EVadnais Heights, MN 55109

www.mnkorea.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

65th percentile

6.9%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

64th percentile

10.0%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$364,033

Up $23,434 (+6.9%) from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

Up

$364,033

Up $23,434 (+6.9%) from 2017

Operations
Liabilities / Revenue62nd percentileNet Margin76th percentile

Revenue

Up

$106,942

Up $9,709 (+10.0%) from 2017

Expenses

Up

$83,508

Up $18,590 (+29%) from 2017

Net Income

Down

$23,434

Down $8,881 (-27%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2016: $308,284Liabilities 2016: $0Net Assets 2016: $308,2842016Assets 2017: $340,599Liabilities 2017: $0Net Assets 2017: $340,5992017Assets 2018: $364,033Liabilities 2018: $0Net Assets 2018: $364,0332018

Highlighted filing

2018

Assets$364,033
Liabilities$0
Net Assets$364,033
Open 2018 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2016: $165,217Expenses 2016: $65,544Net Income 2016: $99,6732016Revenue 2017: $97,233Expenses 2017: $64,918Net Income 2017: $32,3152017Revenue 2018: $106,942Expenses 2018: $83,508Net Income 2018: $23,4342018

Highlighted filing

2018

Revenue$106,942
Expenses$83,508
Net Income$23,434
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$364,033
Liabilities
$0
Net assets
$364,033
Revenue
$106,942
Expenses
$83,508
Net income
$23,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$3.64$0.00$3.64$1.07$0.84$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.41$0.97$0.65$0.32
2016Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$1.65$0.66$1.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$106,942
Mission and Program Overview

Mission

Organized for Korean Community in MN

Program Services

DescriptionGrantsExpenses
Provide Korean curture program to public especially children and youth group assist to enroll MNSure program$106,942$83,508
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sang JungVice President-$0--
Sook BoninBoard Chair-$0--
Soohee AhnExecutive DirectorPT$0--
Anthony ChungTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Minnesota Korean Association Inc
EIN
23-7245567
Address
1331 County Road D Circle E, Vadnais Heights, MN 55109

Signing Officer

Name
Meehee Coolidge President
Title
President
Phone
6514409192
Signed
2019-05-15
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDepreciation from 4562 4,811Other Program Expense 40,493”

Raw XML Appendix136 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MINNESOTA KOREAN ASSOCIATION INC
IRS990EZ/BooksInCareOfDetail/PhoneNum06514409192
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01331 County Road D Circle E
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Vadnais Heights
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055109
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0112394
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0140639
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt096915
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt023434
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt031535
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0340599
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0364033
IRS990EZ/GrossReceiptsAmt0106942
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt07
IRS990EZ/LandAndBuildingsGrp/BOYAmt0228205
IRS990EZ/LandAndBuildingsGrp/EOYAmt0223394
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt09660
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0340599
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0364033
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0340599
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0364033
IRS990EZ/OccupancyRentUtltsAndMaintAmt03215
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt220.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Sang Jung
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Sook Bonin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Soohee Ahn
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Anthony Chung
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt045304
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Organized for Korean Community in MN
IRS990EZ/PrintingPublicationsPostageAmt03454
IRS990EZ/ProgramServiceRevenueAmt0360
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide Korean curture program to public especially children and youth group assist to enroll MNSure program
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0106942
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt083508
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt083508
IRS990EZ/TotalProgramServiceExpensesAmt083508
IRS990EZ/TotalRevenueAmt0106942
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://www.mnkorea.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt097226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0163522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0367683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01695
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01709
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87430
IRS990ScheduleA/PublicSupportPY170Pct00.87350
IRS990ScheduleA/PublicSupportTotal170Amt0322960
IRS990ScheduleA/SubstantialContributorsTotAmt044723
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt097226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0163522
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0367683
IRS990ScheduleA/TotalSupportAmt0369392
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDepreciation from 4562 4,811Other Program Expense 40,493
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Meehee Coolidge President
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06514409192
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA KOREAN ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0237245567
ReturnHeader/Filer/USAddress/AddressLine1Txt01331 County Road D Circle E
ReturnHeader/Filer/USAddress/CityNm0Vadnais Heights
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055109
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BD182A8A9FB9AD1B0C86D8A7F9DF72368440CEE4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BD182A8A9FB9AD1B0C86D8A7F9DF72368440CEE4
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId041742920191353orvgn5
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.20.15.102
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTm018:13:37
ReturnHeader/ReturnTs02019-05-15T18:29:56-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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