Civic Intelligence

Korean American Association Inc

EIN 56-2150170 • 501(c)3 • Raleigh, NC

Profile

Supporting Immigrated Korean Families in Raleigh Area

7320 SIX FORKS RD Room 201Raleigh, NC 27615

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

13th percentile

-56%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

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 2019

Asset Growth

24th percentile

-37%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-88%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$19,218

Down $11,483 (-37%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$19,218

Down $11,483 (-37%) from 2018

Operations
Liabilities / Revenue62nd percentileNet Margin13th percentile

Revenue

Down

$20,600

Down $145,791 (-88%) from 2018

Expenses

Down

$32,083

Down $111,799 (-78%) from 2018

Net Income

Down

-$11,483

Down $33,992 (-151%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

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

$40K$30K$20K$10K$0Assets 2018: $30,701Liabilities 2018: $0Net Assets 2018: $30,7012018Assets 2019: $19,218Liabilities 2019: $0Net Assets 2019: $19,2182019

Highlighted filing

2019

Assets$19,218
Liabilities$0
Net Assets$19,218
Open 2019 Filing

Operations Trend

Revenue Growth8th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2018: $166,391Expenses 2018: $143,882Net Income 2018: $22,5092018Revenue 2019: $20,600Expenses 2019: $32,083Net Income 2019: -$11,4832019

Highlighted filing

2019

Revenue$20,600
Expenses$32,083
Net Income-$11,483
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,218
Liabilities
$0
Net assets
$19,218
Revenue
$20,600
Expenses
$32,083
Net income
-$11,483
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.21$0.32$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$1.66$1.44$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 28, 2020
Return Version
2019v5.1
Gross Receipts
$20,600
Mission and Program Overview

Mission

Supporting Immigrated Korean Families in Raleigh Area

Program Services

DescriptionGrantsExpenses
Korean Festival called Han Ma Dang to promote Korean cultures to Americans--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tae-joo LimPresident-$0--
Filing and Contact Details

Filer

Filer Name
Korean American Association Inc
EIN
56-2150170
Phone
9198707444
Address
7320 SIX FORKS RD Room 201, RALEIGH, NC 27615

Signing Officer

Name
Tae-joo Lim
Title
President
Signed
2020-07-28
Discuss with paid preparer
Yes

Preparer

Firm
Si Young Park CPA PLLC
Address
7320 Six Forks Rd Ste 201, Raleigh, NC 27615
Preparer
Si Young Park
Phone
9198707444
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Meals and entertainment 3,485”

Form 990-EZ, Part I, Line 16, Other Expenses

“Conferences, conventions, and meetings 2,000”

Form 990-EZ, Part I, Line 16, Other Expenses

“Supplies 150”

Form 990-EZ, Part I, Line 16, Other Expenses

“Advertising 1,460”

Form 990-EZ, Part I, Line 16, Other Expenses

“Bank fee 70”

Form 990-EZ, Part I, Line 16, Other Expenses

“Website fee 408”

Form 990-EZ, Part I, Line 16, Other Expenses

“Appreciation Plaque 158”

Form 990-EZ, Part I, Line 16, Other Expenses

“3rd Han Ma Dang Festival 8,692”

Form 990-EZ, Part I, Line 16, Other Expenses

“Other Community Event Support 3,872”

Form 990-EZ, Part I, Line 16, Other Expenses

“Software Cost 22”

Form 990-EZ, Part I, Line 16, Other Expenses

“Expenses for Korean American Sports Festival 5,125”

Form 990-EZ, Part I, Line 16, Other Expenses

“Local college Korean Association Event Support 466”

Form 990-EZ, Part I, Line 16, Other Expenses

“2019 Year End Meeting 799”

Form 990-EZ, Part I, Line 16, Other Expenses

“2018 Year End Meeting 1,150”

Form 990-EZ, Part I, Line 16, Other Expenses

“2nd Han Ma Dang Festival 3,043”

Raw XML Appendix140 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Si Young Park
IRS990EZ/BooksInCareOfDetail/PhoneNum09194145894
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07320 Six Forks Rd Ste 201
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027615
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt030701
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt019218
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt020600
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-11483
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt030701
IRS990EZ/Form990TotalAssetsGrp/EOYAmt019218
IRS990EZ/GrossReceiptsAmt020600
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt030701
IRS990EZ/NetAssetsOrFundBalancesEOYAmt019218
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt030701
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt019218
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Tae-joo Lim
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt030900
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Supporting Immigrated Korean Families in Raleigh Area
IRS990EZ/PrintingPublicationsPostageAmt01183
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Korean Festival called Han Ma Dang to promote Korean cultures to Americans
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt032083
IRS990EZ/TotalRevenueAmt020600
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt034920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt055520
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt055520
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt034920
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt055520
IRS990ScheduleA/TotalSupportAmt055520
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Meals and entertainment 3,485
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conferences, conventions, and meetings 2,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Supplies 150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Advertising 1,460
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank fee 70
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Website fee 408
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Appreciation Plaque 158
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt73rd Han Ma Dang Festival 8,692
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Community Event Support 3,872
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Software Cost 22
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Expenses for Korean American Sports Festival 5,125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Local college Korean Association Event Support 466
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt122019 Year End Meeting 799
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt132018 Year End Meeting 1,150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt142nd Han Ma Dang Festival 3,043
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990-EZ, Part I, Line 16, Other Expenses
ReturnHeader/BuildTS02022-02-16 14:24:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tae-joo Lim
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREAN AMERICAN ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0562150170
ReturnHeader/Filer/PhoneNum09198707444
ReturnHeader/Filer/USAddress/AddressLine1Txt07320 SIX FORKS RD Room 201
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027615
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AC55B3B5D94CB24C41DDFB3128264BC5919C5E7C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AC55B3B5D94CB24C41DDFB3128264BC5919C5E7C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.15.99.134
ReturnHeader/FilingSecurityInformation/IPDt02020-07-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm020:38:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Si Young Park CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07320 Six Forks Rd Ste 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198707444
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Si Young Park
ReturnHeader/ReturnTs02020-07-28T05:04:40-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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