Civic Intelligence

Kasbp Inc.

990 • Fiscal year 2022 • EIN 46-1096682

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 31, 2022

Organization Profilewww.kasbp.org
100 Old Palisade Rd Suite Cu2Fort Lee, NJ 07024

(732) 609-6101

Siviq Scores

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

Liabilities / Assets

68th percentile

0.00x

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

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.00x

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

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Net Margin

96th percentile

69%

Higher net margin than 96% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

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

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Asset Growth

85th percentile

55%

Faster asset growth than 85% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

31%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$434,268

Up $153,312 (+55%) from 2021

Net Assets

Up

$434,268

Up $153,312 (+55%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin96th percentile

Revenue

Up

$221,953

Up $52,356 (+31%) from 2021

Expenses

Up

$68,641

Up $2,468 (+3.7%) from 2021

Net Income

Up

$153,312

Up $49,888 (+48%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$600K$400K$200K$0Assets 2013: $43,227Liabilities 2013: $02013Assets 2014: $60,360Liabilities 2014: $0Net Assets 2014: $60,3602014Assets 2015: $88,192Liabilities 2015: $1,500Net Assets 2015: $86,6922015Assets 2016: $101,144Liabilities 2016: $0Net Assets 2016: $101,1442016Assets 2017: $114,690Liabilities 2017: $0Net Assets 2017: $114,6902017Assets 2018: $184,948Liabilities 2018: $0Net Assets 2018: $184,9482018Assets 2019: $174,696Liabilities 2019: $0Net Assets 2019: $174,6962019Assets 2020: $177,532Liabilities 2020: $0Net Assets 2020: $177,5322020Assets 2021: $280,956Liabilities 2021: $0Net Assets 2021: $280,9562021Assets 2022: $434,268Liabilities 2022: $0Net Assets 2022: $434,2682022Assets 2023: $367,186Liabilities 2023: $0Net Assets 2023: $367,1862023Assets 2024: $318,654Liabilities 2024: $0Net Assets 2024: $318,6542024Assets 2025: $274,268Liabilities 2025: $0Net Assets 2025: $274,2682025

Highlighted filing

2022

Assets$434,268
Liabilities$0
Net Assets$434,268
Open 2022 Filing

Operations Trend

Revenue Growth61st percentile

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

$600K$400K$200K$0-$200KRevenue 2013: $149,481Expenses 2013: $106,254Net Income 2013: $43,2272013Revenue 2014: $139,581Expenses 2014: $122,448Net Income 2014: $17,1332014Revenue 2015: $118,210Expenses 2015: $91,878Net Income 2015: $26,3322015Revenue 2016: $176,812Expenses 2016: $162,360Net Income 2016: $14,4522016Revenue 2017: $227,119Expenses 2017: $213,573Net Income 2017: $13,5462017Revenue 2018: $213,767Expenses 2018: $143,509Net Income 2018: $70,2582018Revenue 2019: $204,578Expenses 2019: $214,830Net Income 2019: -$10,2522019Revenue 2020: $189,117Expenses 2020: $186,281Net Income 2020: $2,8362020Revenue 2021: $169,597Expenses 2021: $66,173Net Income 2021: $103,4242021Revenue 2022: $221,953Expenses 2022: $68,641Net Income 2022: $153,3122022Revenue 2023: $277,005Expenses 2023: $344,087Net Income 2023: -$67,0822023Revenue 2024: $489,409Expenses 2024: $537,941Net Income 2024: -$48,5322024Revenue 2025: $360,818Expenses 2025: $405,204Net Income 2025: -$44,3862025

Highlighted filing

2022

Revenue$221,953
Expenses$68,641
Net Income$153,312
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 31, 2022
Return Version
2021v4.2
Gross Receipts
$221,953
Mission and Program Overview

Mission

To promote professional contact and fellowships among korean american professionals in academia and biotech and pharmaceutical industries.

To support promotion of education and information exchange among communities in pharmaceutical and biotech field.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$280,956$434,268▲ $153,312
Total Assets$280,956$434,268▲ $153,312
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$280,956$434,268▲ $153,312
Total Net Assets Fund Balance$280,956$434,268▲ $153,312
Total Liabilities and Net Assets / Fund Balance$280,956$434,268▲ $153,312
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
Seungwon ChungPresident
Ik-hyeon ParkPresident Designated
Sungkwon KimVice President
Dooyoung LeeDirector
Elizabeth LeeDirector
Hakryul JoDirector
Hyelim KimDirector
Hyun Jin JungDirector
Hyungwook LimDirector
Jeemin YooDirector
Jooyoung LeeDirector
Min-kyung ChooDirector
Seung-yong HwangDirector
Sungki KimDirector
Kern ChungExecutive Director
Hyunkyung JungFinance Director
Sahee KimFinance Director
Revenue and Support

Revenue Composition

Contributions and Grants
$221,953
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$207,068
Change in Net Assets
$153,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,941
Grants and Similar Amounts Paid$10,700
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payment Travel Entrtnmnt Publicly Ofcl$39,070--$39,070
Office Expenses-$11,171-$11,171
Grants to Domestic Individuals$10,700--$10,700
Fees for Services Accounting-$4,700-$4,700
Other Expenses$3,000--$3,000
Total Functional Expenses$52,770$15,871$0$68,641
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Part VI, Section B, Line 11B

“The return preparer sends to the organization for the review of the boards who then undertake the review of the return before filing”

Filing and Contact Details

Filer

Filer Name
Kasbp Inc
EIN
46-1096682
Phone
7326096101
Address
100 OLD PALISADE RD SUITE CU2, FORT LEE, NJ 07024

Signing Officer

Name
Sahee Kim
Title
Finance Director
Phone
7326096101
Signed
2022-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seungwon Chung
Formed
2012
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
J W Park CPA Pc
Address
100 OLD PALISADE RD SUITE CU2, FORT LEE, NJ 07024
Preparer
Jin W Park
Phone
2017749989
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IRS990/QuidProQuoContriDisclInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0204578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0213767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0999012
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IRS990ScheduleA/PublicSupportPY170Pct00.79490
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IRS990ScheduleA/SubstantialContributorsTotAmt0210257
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0213767
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0999012
IRS990ScheduleA/TotalSupportAmt0999012
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010700
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FELLOWSHIPS
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN PREPARER SENDS TO THE ORGANIZATION FOR THE REVIEW OF THE BOARDS WHO THEN UNDERTAKE THE REVIEW OF THE RETURN BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0434268
IRS990/TotalAssetsGrp/BOYAmt0280956
IRS990/TotalAssetsGrp/EOYAmt0434268
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IRS990/TotalContributionsAmt0221953
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt052770
IRS990/TotalFunctionalExpensesGrp/TotalAmt068641
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt052770
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0221953
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0280956
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0434268
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0FORT LEE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007024
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0www.kasbp.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAHEE KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07326096101
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KASBP INC
ReturnHeader/Filer/BusinessNameControlTxt0KASB
ReturnHeader/Filer/EIN0461096682
ReturnHeader/Filer/PhoneNum07326096101
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 OLD PALISADE RD SUITE CU2
ReturnHeader/Filer/USAddress/CityNm0FORT LEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007024
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274403324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J W PARK CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 OLD PALISADE RD SUITE CU2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007024
ReturnHeader/PreparerPersonGrp/PhoneNum02017749989
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JIN W PARK
ReturnHeader/ReturnTs02022-11-11T09:03:10-00:00
ReturnHeader/ReturnTypeCd0990

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$434,268
Liabilities
$0
Net assets
$434,268
Revenue
$221,953
Expenses
$68,641
Net income
$153,312
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.74$0.00$2.74$3.61$4.05$0.44
2024Detailed filing. Detailed filing data is available for this year.$3.19$0.00$3.19$4.89$5.38$0.49
2023Detailed filing. Detailed filing data is available for this year.$3.67$0.00$3.67$2.77$3.44$0.67
2022Detailed filing. Detailed filing data is available for this year.$4.34$0.00$4.34$2.22$0.69$1.53
2021Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$1.70$0.66$1.03
2020Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$1.89$1.86$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$2.05$2.15$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$2.14$1.44$0.70
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$2.27$2.14$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$1.77$1.62$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.02$0.87$1.18$0.92$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$1.40$1.22$0.17
2013Summary only. Only limited summary data is available for this year.$0.43$0.00$1.49$1.06$0.43