Civic Intelligence

Korean Society of Boston Inc

EIN 47-4007201 • 501(c)3 • Woburn, MA

Profile

Helping south korean immigrants to settle down in boston, massachusetts as korean-american citizens and promoting activities for unity and healthy social relationship as such.

13 Campbell StWoburn, MA 01801
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

53rd percentile

3.3%

Higher net margin than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets80th percentile

Assets

$5,262

No earlier filing loaded for comparison.

Liabilities

$700

No earlier filing loaded for comparison.

Net Assets

$4,562

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue67th percentileNet Margin53rd percentile

Revenue

$136,703

No earlier filing loaded for comparison.

Expenses

$132,141

No earlier filing loaded for comparison.

Net Income

$4,562

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0K$4.0K$2.0K$0Assets 2015: $5,262Liabilities 2015: $700Net Assets 2015: $4,5622015

Highlighted filing

2015

Assets$5,262
Liabilities$700
Net Assets$4,562
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2015: $136,703Expenses 2015: $132,141Net Income 2015: $4,5622015

Highlighted filing

2015

Revenue$136,703
Expenses$132,141
Net Income$4,562
Open 2015 Filing

Filings

Most recent year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,262
Liabilities
$700
Net assets
$4,562
Revenue
$136,703
Expenses
$132,141
Net income
$4,562
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.05$1.37$1.32$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 27, 2016
Return Version
2015v2.1
Gross Receipts
$238,700
Mission and Program Overview

Mission

Helping south korean immigrants to settle down in boston, massachusetts as korean-american citizens and promoting activities for unity and healthy social relationship as such.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$5,262-
Total Assets$0$5,262▲ $5,262
Liabilities
Accounts Payable and Accrued Expenses-$700-
Total Liabilities$0$700▲ $700
Net Assets / Fund Balance
Unrestricted Net Assets-$4,562-
Total Net Assets Fund Balance$0$4,562▲ $4,562
Total Liabilities and Net Assets / Fund Balance$0$5,262▲ $5,262
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Kyung Won KimPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$51,765
Program Service Revenue
$85,700
Investment Income
$0
Other Revenue
$-762
All Other Contributions
$35,065
Change in Net Assets
$4,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,141
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
Office Expenses$99,871--$99,871
Conferences and Meetings$3,909--$3,909
Other Expenses$1,500--$1,500
Fees for Services Accounting-$700-$700
Total Functional Expenses$131,441$700$0$132,141
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$101,997
Fundraising Gross Income$101,235
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
7080 Concert$49,005$49,005$59,334$-10,329
BOSTON'S NIGHT$30,320$30,320$29,199$1,121
Total Events$101,235$101,235$101,997$-762
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
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

“Reviews were conducted by the officers and directors of the organization before filing the form 990.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Korean Society of Boston Inc
EIN
47-4007201
Phone
4133883796
Address
13 CAMPBELL ST, WOBURN, MA 01801

Signing Officer

Name
Kyung Won Kim
Title
President
Phone
4133883796
Signed
2016-05-27

Organization Details

Principal Officer
Kyung Won Kim
Formed
2015
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Eul S Yoo CPA Pc
Address
545 NAUGATUCK AVE, MILFORD, CT 06460-5050
Preparer
Eul Seob Yoo
Phone
2033010005
Raw XML Appendix244 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/AccountsPayableAccrExpnssGrp/EOYAmt0700
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0HELPING SOUTH KOREAN IMMIGRANTS TO SETTLE DOWN IN BOSTON, MASSACHUSETTS AS KOREAN-AMERICAN CITIZENS AND PROMOTING ACTIVITIES FOR UNITY AND HEALTHY SOCIAL RELATIONSHIP AS SUCH.
IRS990/AllOtherContributionsAmt035065
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0KYUNG WON KIM
IRS990/BooksInCareOfDetail/PhoneNum04133883796
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt013 CAMPBELL ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0WOBURN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001801
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt05262
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03909
IRS990/ConferencesMeetingsGrp/TotalAmt03909
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt051765
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0132141
IRS990/CYOtherRevenueAmt0-762
IRS990/CYProgramServiceRevenueAmt085700
IRS990/CYRevenuesLessExpensesAmt04562
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0132141
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0136703
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PUBLISHING AND DISTRIBUTING THE KOREAN NEWSPAPER, NEW BOSTON.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt094359
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0700
IRS990/FeesForServicesAccountingGrp/TotalAmt0700
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0KYUNG WON KIM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt0101997
IRS990/FundraisingGrossIncomeAmt0101235
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0238700
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt016700
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HELPING SOUTH KOREAN IMMIGRANTS TO SETTLE DOWN IN BOSTON, MASSACHUSETTS AS KOREAN-AMERICAN CITIZENS AND PROMOTING ACTIVITIES FOR UNITY AND HEALTHY SOCIAL RELATIONSHIP AS SUCH.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt04562
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-762
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt099871
IRS990/OfficeExpensesGrp/TotalAmt099871
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CULTURAL EVENTS
IRS990/OtherExpensesGrp/Desc1KOREAN WAR VETERAN'S DAY
IRS990/OtherExpensesGrp/Desc2SENIORS' OUTING
IRS990/OtherExpensesGrp/ProgramServicesAmt023661
IRS990/OtherExpensesGrp/ProgramServicesAmt12500
IRS990/OtherExpensesGrp/ProgramServicesAmt21500
IRS990/OtherExpensesGrp/TotalAmt023661
IRS990/OtherExpensesGrp/TotalAmt12500
IRS990/OtherExpensesGrp/TotalAmt21500
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KYUNG WON KIM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0KOREAN NEWSPAPER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt085700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt085700
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING CULTURAL, RECREATIONAL AND EDUCATIONAL SERVICES FOR BOSTON KOREAN-AMERICANS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt035582
IRS990/ProgSrvcAccomActy3Grp/Desc0FUNDING AND GRANTING COLLEGE SCHOLARSHIPS, AND SUPPORTING SOCIAL ACTIVITIES FOR SENIORS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt04562
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt051765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt051765
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0186935
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt051765
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt051765
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt051765
IRS990ScheduleA/TotalSupportAmt051765
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0101997
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm07080 CONCERT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BOSTON'S NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt049005
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt030320
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt021910
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0101235
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt049005
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt030320
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt021910
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0101235
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-762
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt013464
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0101997
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt059334
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt029199
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWS WERE CONDUCTED BY THE OFFICERS AND DIRECTORS OF THE ORGANIZATION BEFORE FILING THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt05262
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt05262
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt051765
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0700
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0131441
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132141
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0700
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0700
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04562
IRS990/TotalProgramServiceExpensesAmt0131441
IRS990/TotalProgramServiceRevenueAmt085700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt085700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0136703
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05262
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04562
IRS990/USAddress/AddressLine1Txt0215 CISLAK AVE
IRS990/USAddress/CityNm0LUDLOW
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001056
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KYUNG WON KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04133883796
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREAN SOCIETY OF BOSTON INC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0474007201
ReturnHeader/Filer/PhoneNum04133883796
ReturnHeader/Filer/USAddress/AddressLine1Txt013 CAMPBELL ST
ReturnHeader/Filer/USAddress/CityNm0WOBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001801
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460778330
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EUL S YOO CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0545 NAUGATUCK AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0064605050
ReturnHeader/PreparerPersonGrp/PhoneNum02033010005
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EUL SEOB YOO
ReturnHeader/ReturnTs02016-06-23T10:16:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.