Civic Intelligence

Korean-American Grocers Association

990 • Fiscal year 2016 • EIN 25-1925986

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 21, 2017

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

46th percentile

0.00x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.00x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

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.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

8th percentile

-37%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-5.9%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$16,291

Down $9,648 (-37%) from 2015

Net Assets

Down

$16,291

Down $9,648 (-37%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$73,691

Down $4,611 (-5.9%) from 2015

Expenses

Up

$83,339

Up $10,039 (+14%) from 2015

Net Income

Down

-$9,648

Down $14,650 (-293%) from 2015

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

2016

Assets$16,291
Liabilities$0
Net Assets$16,291

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

2016

Revenue$73,691
Expenses$83,339
Net Income-$9,648
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 21, 2017
Return Version
2016v3.0
Gross Receipts
$73,691
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$25,939$16,291▼ $9,648
Total Assets$25,939$16,291▼ $9,648
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$25,939$16,291▼ $9,648
Total Net Assets Fund Balance$25,939$16,291▼ $9,648
Total Liabilities and Net Assets / Fund Balance$25,939$16,291▼ $9,648
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sam KimPresident
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$73,691
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$73,691
Change in Net Assets
$-9,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,339
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$63,688--$63,688
Conferences and Meetings-$5,906-$5,906
Travel$5,317--$5,317
Advertising$4,874--$4,874
Office Expenses$2,000$441-$2,441
Fees for Services Accounting-$700-$700
Fees for Services Legal$413--$413
Total Functional Expenses$76,292$7,047$0$83,339
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
Yo S Lee
Title
President
Phone
3013090313
Signed
2017-08-21

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 19,388 0 0 scholarship 15,000 0 0 donation 6,190 0 0 other donation-golf 4,000 0 0 golf tournament 15,131 0 0 picnic 1,540 0 0 tips 439 0 0 due 2,000 0 0 total 63,688 0 0

Form 990, Part XI, Line 9

Rounding 0 irs penalty that refunded later 0

Raw XML Appendix229 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc01) 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
IRS990/AdvertisingGrp/ProgramServicesAmt04874
IRS990/AdvertisingGrp/TotalAmt04874
IRS990/AllOtherContributionsAmt073691
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KORUS GROUP INC
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0KORUS GROUP INC
IRS990/BooksInCareOfDetail/PhoneNum03013090313
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 JEFFERSON STREET 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCKVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020852
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt025939
IRS990/CashNonInterestBearingGrp/EOYAmt016291
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt05906
IRS990/ConferencesMeetingsGrp/TotalAmt05906
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt073691
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt083339
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-9648
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt083339
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt073691
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO PROVIDE SCHOLARSHIP TO THE COMMUNITY WHERE MEMBERS PERFORM BUSINESS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExpenseAmt076292
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0700
IRS990/FeesForServicesAccountingGrp/TotalAmt0700
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0413
IRS990/FeesForServicesLegalGrp/TotalAmt0413
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt063688
IRS990/FeesForServicesOtherGrp/TotalAmt063688
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0YO S LEE
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0SAM KIM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt073691
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
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc01) 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
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt025939
IRS990/NetAssetsOrFundBalancesEOYAmt016291
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0441
IRS990/OfficeExpensesGrp/ProgramServicesAmt02000
IRS990/OfficeExpensesGrp/TotalAmt02441
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0YO S LEE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE EDUCATION SERVICE FOR THE MEMBERS FOR FOOD MANAGER CERTIFICATION
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROTECT MEMBER'S BUSINESS INTEREST
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt078152
IRS990/PYOtherExpensesAmt073300
IRS990/PYProgramServiceRevenueAmt0150
IRS990/PYRevenuesLessExpensesAmt05002
IRS990/PYTotalExpensesAmt073300
IRS990/PYTotalRevenueAmt078302
IRS990/ReconcilationRevenueExpnssAmt0-9648
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 19,388 0 0 SCHOLARSHIP 15,000 0 0 DONATION 6,190 0 0 OTHER DONATION-GOLF 4,000 0 0 GOLF TOURNAMENT 15,131 0 0 PICNIC 1,540 0 0 TIPS 439 0 0 DUE 2,000 0 0 TOTAL 63,688 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 0 IRS PENALTY THAT REFUNDED LATER 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025939
IRS990/TotalAssetsEOYAmt016291
IRS990/TotalAssetsGrp/BOYAmt025939
IRS990/TotalAssetsGrp/EOYAmt016291
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt073691
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07047
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt076292
IRS990/TotalFunctionalExpensesGrp/TotalAmt083339
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016291
IRS990/TotalProgramServiceExpensesAmt076292
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt073691
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025939
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016291
IRS990/TravelGrp/ProgramServicesAmt05317
IRS990/TravelGrp/TotalAmt05317
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt025939
IRS990/UnrestrictedNetAssetsGrp/EOYAmt016291
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010112 DEEP SKIES DR
IRS990/USAddress/CityNm0LAUREL
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020723
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.KAGRO-DC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YO S LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03013090313
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-21
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
ReturnHeader/Filer/USAddress/CityNm0ROCKVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020852
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId070D11D8BE38761A89A1D6FFD4509D06F286668F8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId070D11D8BE38761A89A1D6FFD4509D06F286668F8
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264241770
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KORUS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 JEFFERSON PLZ STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208521150
ReturnHeader/PreparerPersonGrp/PhoneNum03013090313
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL KIM
ReturnHeader/ReturnTs02017-09-26T15:08:07-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings