Civic Intelligence

Minnesota Korean Association Inc

990EZ • Fiscal year 2016 • EIN 23-7245567

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

Organization Profilewww.mnkorea.org
1331 County Road D Circle EVadnais Heights, MN 55109

(651) 440-9192

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

80th percentile

$12,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

$308,284

No earlier filing loaded for comparison.

Net Assets

$308,284

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin94th percentile

Revenue

$165,217

No earlier filing loaded for comparison.

Expenses

$65,544

No earlier filing loaded for comparison.

Net Income

$99,673

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$308,284
Liabilities$0
Net Assets$308,284
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$165,217
Expenses$65,544
Net Income$99,673
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$165,217
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$154,212$65,544
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jiun KimExecutive DirectorPT$12,000-$12,000
HYUN SOOK HANPresidentPT$0--
Sang JungVice President-$0--
Sook BoninBoard Chair-$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
Hyun Sook Han
Title
President
Phone
6514409192
Signed
2017-05-11
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDepreciation from 4562 2,606”

Raw XML Appendix143 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/AddressChangeInd0X
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/BOYAmt0208611
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt075268
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0154212
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt099673
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt017125
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0208611
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IRS990EZ/GrossReceiptsAmt0165217
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01695
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt0233016
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt08970
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0208611
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0308284
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0208611
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0308284
IRS990EZ/OccupancyRentUtltsAndMaintAmt045813
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt320.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt312000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0HYUN SOOK HAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Sang Jung
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Sook Bonin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jiun Kim
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Anthony Chung
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt02606
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Organized for Korean Community in MN
IRS990EZ/ProgramServiceRevenueAmt0340
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide Korean curture program to public especially children and youth group assist to enroll MNSure program
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0154212
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065544
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt065544
IRS990EZ/TotalProgramServiceExpensesAmt065544
IRS990EZ/TotalRevenueAmt0165217
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://www.mnkorea.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0163522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0163522
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01695
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01695
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45880
IRS990ScheduleA/PublicSupportTotal170Amt075807
IRS990ScheduleA/SubstantialContributorsTotAmt087715
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0163522
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0163522
IRS990ScheduleA/TotalSupportAmt0165217
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDepreciation from 4562 2,606
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HYUN SOOK HAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06514409192
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
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/AtSubmissionCreationDeviceId06D444AB6515D0D053AF9C4D5A1F99695D5B7BA67
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06D444AB6515D0D053AF9C4D5A1F99695D5B7BA67
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId04174292017132khttzrm
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-05-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.6.57.154
ReturnHeader/FilingSecurityInformation/IPDt02017-05-12
ReturnHeader/FilingSecurityInformation/IPTm019:29:42
ReturnHeader/ReturnTs02017-05-12T19:29:22-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,284
Liabilities
$0
Net assets
$308,284
Revenue
$165,217
Expenses
$65,544
Net income
$99,673
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits