Civic Intelligence

Korean-American Grocers Association

990 • Fiscal year 2015 • EIN 25-1925986

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 01, 2016

600 Jefferson Street Ste 100Rockville, MD 20852

(301) 309-0313

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.00x

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

60th percentile

6.4%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

79th percentile

24%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

-1.4%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$25,939

Up $5,002 (+24%) from 2014

Net Assets

Up

$25,939

Up $5,002 (+24%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$78,302

Down $1,089 (-1.4%) from 2014

Expenses

Down

$73,300

Down $7,637 (-9.4%) from 2014

Net Income

Up

$5,002

Up $6,548 (+424%) from 2014

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $20,937Liabilities 2014: $0Net Assets 2014: $20,9372014Assets 2015: $25,939Liabilities 2015: $0Net Assets 2015: $25,9392015Assets 2016: $16,291Liabilities 2016: $0Net Assets 2016: $16,2912016

Highlighted filing

2015

Assets$25,939
Liabilities$0
Net Assets$25,939

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $79,391Expenses 2014: $80,937Net Income 2014: -$1,5462014Revenue 2015: $78,302Expenses 2015: $73,300Net Income 2015: $5,0022015Revenue 2016: $73,691Expenses 2016: $83,339Net Income 2016: -$9,6482016

Highlighted filing

2015

Revenue$78,302
Expenses$73,300
Net Income$5,002
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 1, 2016
Return Version
2015v2.1
Gross Receipts
$78,302
Mission and Program Overview

Mission

1) to promote friendship, communication, and cooperation among members 2) to protect the rights and improve the status of members 3) to promote amity and cooperation with associated groups

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,937$25,939▲ $5,002
Total Assets$20,937$25,939▲ $5,002
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$20,937$25,939▲ $5,002
Total Net Assets Fund Balance$20,937$25,939▲ $5,002
Total Liabilities and Net Assets / Fund Balance$20,937$25,939▲ $5,002
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sam KimPresident
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$78,152
Program Service Revenue
$150
Investment Income
$0
Other Revenue
$0
All Other Contributions
$78,152
Change in Net Assets
$5,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$57,067--$57,067
Conferences and Meetings$7,540--$7,540
Advertising$4,180--$4,180
Office Expenses$1,600$2,213-$3,813
Fees for Services Accounting-$700-$700
Total Functional Expenses$70,387$2,913$0$73,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Hired a cpa to review the form 990

Form 990, Page 6, Part VI, Line 19

In the process of building a web-site to post form 990 in the meantime we will provide the copy upon request

Filing and Contact Details

Filer

Filer Name
Korean-american Grocers Association
EIN
25-1925986
Phone
3013090313
Address
600 JEFFERSON STREET STE 100, ROCKVILLE, MD 20852

Signing Officer

Name
Sam Kim
Title
Treasurer
Phone
3013090313
Signed
2016-08-01

Organization Details

Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Korus Group Inc
Address
600 JEFFERSON PLZ STE 100, ROCKVILLE, MD 20852-1150
Preparer
Samuel Kim
Phone
3013090313
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

1) to promote friendship, communication, and cooperation among members 2) to protect the rights and improve the status of members 3) to promote amity and cooperation with associated groups

Form 990, Page 2, Part III, Line 4D

To protect member's business interest

Form 990, Part IX, Line 11G

Scholarship banquet 20,116 0 0 scholarship 12,000 0 0 donation 11,105 0 0 other donation-golf 5,000 0 0 golf tournament 5,832 0 0 picnic 2,381 0 0 tips 133 0 0 due 500 0 0

Form 990, Part XI, Line 9

Rounding 0 irs penalty that refunded later 0

Raw XML Appendix227 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
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IRS990/DescribedInSection501c3Ind0false
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
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IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt078302
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt020937
IRS990/NetAssetsOrFundBalancesEOYAmt025939
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02213
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IRS990/OfficeExpensesGrp/TotalAmt03813
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/PartialLiquidationInd0false
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt079391
IRS990/PYOtherExpensesAmt080937
IRS990/PYRevenuesLessExpensesAmt0-1546
IRS990/PYTotalExpensesAmt080937
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IRS990/ReconcilationRevenueExpnssAmt05002
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01) TO PROMOTE FRIENDSHIP, COMMUNICATION, AND COOPERATION AMONG MEMBERS 2) TO PROTECT THE RIGHTS AND IMPROVE THE STATUS OF MEMBERS 3) TO PROMOTE AMITY AND COOPERATION WITH ASSOCIATED GROUPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROTECT MEMBER'S BUSINESS INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HIRED A CPA TO REVIEW THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN THE PROCESS OF BUILDING A WEB-SITE TO POST FORM 990 IN THE MEANTIME WE WILL PROVIDE THE COPY UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOLARSHIP BANQUET 20,116 0 0 SCHOLARSHIP 12,000 0 0 DONATION 11,105 0 0 OTHER DONATION-GOLF 5,000 0 0 GOLF TOURNAMENT 5,832 0 0 PICNIC 2,381 0 0 TIPS 133 0 0 DUE 500 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 0 IRS PENALTY THAT REFUNDED LATER 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/SchoolOperatingInd0false
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IRS990/WebsiteAddressTxt0WWW.KAGRO-DC.ORG
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SAM KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03013090313
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREAN-AMERICAN GROCERS ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF GREATER WASHINGTON DC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0251925986
ReturnHeader/Filer/PhoneNum03013090313
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 JEFFERSON STREET STE 100
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020852
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264241770
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 JEFFERSON PLZ STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208521150
ReturnHeader/PreparerPersonGrp/PhoneNum03013090313
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL KIM
ReturnHeader/ReturnTs02016-08-01T15:12:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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