Civic Intelligence

Korea Town Oakland

990 • Fiscal year 2016 • EIN 41-2260418

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileWWW.KOREATOWNNORTHGATE.ORG

View Organization Page

2301 Telegraph AvenueOakland, CA 94612

(510) 343-5439

Siviq Scores

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

Liabilities / Assets

51st percentile

0.04x

Higher debt load relative to assets than 51% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

34th percentile

-2.3%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

19th percentile

-7.9%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$99,728

Down $8,523 (-7.9%) from 2015

Net Assets

Down

$95,388

Down $10,908 (-10%) from 2015

Liabilities

Up

$4,340

Up $2,385 (+122%) from 2015

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin34th percentile

Revenue

Up

$519,561

Up $53,541 (+11%) from 2015

Expenses

Up

$531,400

Up $112,694 (+27%) from 2015

Net Income

Down

-$11,839

Down $59,153 (-125%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$800K$600K$400K$200K$0-$200KAssets 2011: $175,507Liabilities 2011: $1,256Net Assets 2011: $174,2512011Assets 2012: $183,323Liabilities 2012: $498Net Assets 2012: $182,8252012Assets 2013: $206,925Liabilities 2013: $2,216Net Assets 2013: $204,7092013Assets 2014: $60,052Liabilities 2014: $1,070Net Assets 2014: $58,9822014Assets 2015: $108,251Liabilities 2015: $1,955Net Assets 2015: $106,2962015Assets 2016: $99,728Liabilities 2016: $4,340Net Assets 2016: $95,3882016Assets 2017: $34,090Liabilities 2017: $11,913Net Assets 2017: $22,1772017Assets 2018: $205,053Liabilities 2018: $3,012Net Assets 2018: $202,0412018Assets 2019: $296,240Liabilities 2019: $0Net Assets 2019: $296,2402019Assets 2020: $480,446Liabilities 2020: $5,072Net Assets 2020: $475,3742020Assets 2021: $618,874Liabilities 2021: $8,401Net Assets 2021: $610,4732021Assets 2022: $620,323Liabilities 2022: $15,149Net Assets 2022: $605,1742022Assets 2023: $445,300Liabilities 2023: -$6,921Net Assets 2023: $452,2212023Assets 2024: $374,841Liabilities 2024: $12,963Net Assets 2024: $361,8782024

Highlighted filing

2016

Assets$99,728
Liabilities$4,340
Net Assets$95,388
Open 2016 Filing

Operations Trend

Revenue Growth65th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $287,674Expenses 2011: $438,978Net Income 2011: -$151,3042011Expenses 2012: $308,4542012Revenue 2013: $336,962Expenses 2013: $301,481Net Income 2013: $35,4812013Revenue 2014: $391,776Expenses 2014: $402,717Net Income 2014: -$10,9412014Revenue 2015: $466,020Expenses 2015: $418,706Net Income 2015: $47,3142015Revenue 2016: $519,561Expenses 2016: $531,400Net Income 2016: -$11,8392016Revenue 2017: $524,687Expenses 2017: $597,898Net Income 2017: -$73,2112017Revenue 2018: $813,752Expenses 2018: $633,888Net Income 2018: $179,8642018Revenue 2019: $831,275Expenses 2019: $737,076Net Income 2019: $94,1992019Revenue 2020: $825,817Expenses 2020: $646,683Net Income 2020: $179,1342020Revenue 2021: $825,896Expenses 2021: $690,797Net Income 2021: $135,0992021Revenue 2022: $1,070,169Expenses 2022: $1,075,468Net Income 2022: -$5,2992022Revenue 2023: $1,001,865Expenses 2023: $1,154,818Net Income 2023: -$152,9532023Revenue 2024: $906,963Expenses 2024: $1,014,189Net Income 2024: -$107,2262024

Highlighted filing

2016

Revenue$519,561
Expenses$531,400
Net Income-$11,839
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$519,561
Mission and Program Overview

Mission

Provide maintenance, security and physical improvement to the business district. Provide marketing services and materials to promote Korea Town Oakland community through special events

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$107,651$98,277▼ $9,374
Land, Buildings, and Equipment, Net-$850-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$108,251$99,728▼ $8,523
Other Assets Total$600$601▲ $1
Liabilities
Other Liabilities$381$4,340▲ $3,959
Accounts Payable and Accrued Expenses$1,574--
Total Liabilities$1,955$4,340▲ $2,385
Net Assets / Fund Balance
Unrestricted Net Assets$106,296$95,388▼ $10,908
Total Net Assets Fund Balance$106,296$95,388▼ $10,908
Total Liabilities and Net Assets / Fund Balance$108,251$99,728▼ $8,523

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$850$22$872
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
H Joseph JungPresident
Sonja BrooksVice President
Ali TahsiniBoard Member
Charlie HahnBoard Member
Keun Bae YooBoard Member
Michael ThalerBoard Member
Peter SchroepferBoard Member
Katherin CantonSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Safety 1stSecurity Services1940 Union Street, Oakland, CA 94607-
Revenue and Support

Revenue Composition

Contributions and Grants
$4,300
Program Service Revenue
$294,212
Investment Income
$0
Other Revenue
$221,049
Change in Net Assets
$-11,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$363,161
Salaries, Compensation, and Employee Benefits$168,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$114,638$38,456-$153,094
All Other Expenses$13,883$4,117-$18,000
Payroll Taxes$11,341$3,804-$15,145
Other Expenses$16,356$13,200-$13,200
Fees for Services Accounting-$6,395-$6,395
Office Expenses-$4,935-$4,935
Insurance-$4,598-$4,598
Fees for Services Other-$764-$764
Travel-$53-$53
Depreciation Depletion-$22-$22
Interest-$4-$4
Total Functional Expenses$455,052$76,348$0$531,400
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll payable$4,340
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The organization provided copies and its 990 to its Board of Directors for review and comment on the report”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization has its governing documents, conflict of interest policy and financial statements available in a bound notebook in our office, which is open Monday-Friday 8:30 - 5PM.The conflict & interest policy is written into our bylaws, as are the governing polices of the organization. The bylaws are available upon request in electronic form or hardcopy by any member of the public.”

Filing and Contact Details

Filer

Filer Name
Korea Town Oakland
EIN
41-2260418
Phone
5103435439
Address
2301 TELEGRAPH AVENUE, OAKLAND, CA 94612

Signing Officer

Name
Sonja Brooks
Title
Vice President
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
0
Employees
1

Preparer

Firm
Jeffrey J Lee & Co
Address
370 Grand Ave Suite 1, Oakland, CA 94610
Preparer
Jeffrey J Lee
Phone
5105479788
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt0931
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROWSO:PROWSO stands for public right of way and sidewalk operations. As part of the function of organization we are to assist the Municipal Corporation and Oakland to ease the burden and city services.We lessen the burden by providing sidewalk sweeping services, painting out graffiti, provide directions to visitors in the area, providing supplemental security services to assist the Oakland Police Department in maintaining area in the community.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0214289
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0294212
IRS990/ProgSrvcAccomActy3Grp/Desc0MARKETING/IDENTITIY ENHANCEMENT:Part of the function of our corporation is to build brand identity for the variety of businesses and residents of the area.The Koreatown Northgate district is a traditional mixed use neighborhood that combines residential, institutional plus a wide variety of ethnic retail land uses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09438
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0333829
IRS990/PYOtherRevenueAmt0150787
IRS990/PYProgramServiceRevenueAmt0315233
IRS990/PYRevenuesLessExpensesAmt047314
IRS990/PYSalariesCompEmpBnftPaidAmt084877
IRS990/PYTotalExpensesAmt0418706
IRS990/PYTotalRevenueAmt0466020
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-11839
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0220449
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income: Oakland First Friday, CultuerFest, Mural
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Other Income Explanation
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04300
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0225348
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0150787
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0119324
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt059704
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt08771
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0563934
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71770
IRS990ScheduleA/PublicSupportPY170Pct00.79720
IRS990ScheduleA/PublicSupportTotal170Amt01434954
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0294212
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0315233
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0276695
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0277258
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0267256
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01430654
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0298512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0315233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0276695
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0277258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0267256
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01434954
IRS990ScheduleA/TotalSupportAmt01999388
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0850
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0850
IRS990ScheduleD/TotalLiabilityAmt04340
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization provided copies and its 990 to its Board of Directors for review and comment on the report
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has its governing documents, conflict of interest policy and financial statements available in a bound notebook in our office, which is open Monday-Friday 8:30 - 5PM.The conflict & interest policy is written into our bylaws, as are the governing polices of the organization. The bylaws are available upon request in electronic form or hardcopy by any member of the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0108251
IRS990/TotalAssetsEOYAmt099728
IRS990/TotalAssetsGrp/BOYAmt0108251
IRS990/TotalAssetsGrp/EOYAmt099728
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04300
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0455052
IRS990/TotalFunctionalExpensesGrp/TotalAmt0531400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01955
IRS990/TotalLiabilitiesEOYAmt04340
IRS990/TotalLiabilitiesGrp/BOYAmt01955
IRS990/TotalLiabilitiesGrp/EOYAmt04340
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0106296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt095388
IRS990/TotalProgramServiceExpensesAmt0455052
IRS990/TotalProgramServiceRevenueAmt0294212
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0515261
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0519561
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0108251
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt099728
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt053
IRS990/TravelGrp/TotalAmt053
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0106296
IRS990/UnrestrictedNetAssetsGrp/EOYAmt095388
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.KOREATOWNNORTHGATE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sonja Brooks
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREA TOWN OAKLAND

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$99,728
Liabilities
$4,340
Net assets
$95,388
Revenue
$519,561
Expenses
$531,400
Net income
-$11,839
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.36$0.91$1.01$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.45$1.00$1.15$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.02$0.61$1.07$1.08$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.01$0.61$0.83$0.69$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.01$0.48$0.83$0.65$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.83$0.74$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.20$0.81$0.63$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.52$0.60$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.52$0.53$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.47$0.42$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.39$0.40$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.20$0.34$0.30$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.31
2011Summary only. Only limited summary data is available for this year.$0.18$0.00$0.17$0.29$0.44$0.15