Civic Intelligence

Lao Khmu Association Inc

EIN 68-0015780 • 501(c)3 • Stockton, CA

Profile

To improve and enhance the quality of life of the southeast asian (sea) community in san joaquin county, assist them in overcoming social and economic problems, and in becoming independent, self-sufficient, and effective participants in american society.

1044 North El Dorado StreetStockton, CA 95202

www.laokhmu.org

Siviq Scores

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

Liabilities / Assets

80th percentile

0.43x

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

501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

28th percentile

-5.5%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$112,686

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

85th percentile

30%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

0.9%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$599,662

Up $140,106 (+30%) from 2015

Liabilities

Up

$256,531

Up $223,756 (+683%) from 2015

Net Assets

Down

$343,131

Down $83,650 (-20%) from 2015

Revenue

Up

$1,529,659

Up $13,895 (+0.9%) from 2015

Expenses

Up

$1,613,309

Up $149,943 (+10%) from 2015

Net Income

Down

-$83,650

Down $136,048 (-260%) from 2015

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $386,895Liabilities 2010: $18,459Net Assets 2010: $368,4362010Assets 2011: $390,865Liabilities 2011: $23,719Net Assets 2011: $367,1462011Assets 2012: $365,208Liabilities 2012: $25,113Net Assets 2012: $340,0952012Assets 2013: $368,665Liabilities 2013: $30,514Net Assets 2013: $338,1512013Assets 2014: $407,918Liabilities 2014: $33,535Net Assets 2014: $374,3832014Assets 2015: $459,556Liabilities 2015: $32,775Net Assets 2015: $426,7812015Assets 2016: $599,662Liabilities 2016: $256,531Net Assets 2016: $343,1312016

Highlighted filing

2016

Assets$599,662
Liabilities$256,531
Net Assets$343,131

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,239,003Expenses 2010: $1,230,340Net Income 2010: $8,6632010Expenses 2011: $1,176,5362011Revenue 2012: $1,149,657Expenses 2012: $1,178,835Net Income 2012: -$29,1782012Revenue 2013: $1,172,509Expenses 2013: $1,186,810Net Income 2013: -$14,3012013Revenue 2014: $1,450,798Expenses 2014: $1,414,566Net Income 2014: $36,2322014Revenue 2015: $1,515,764Expenses 2015: $1,463,366Net Income 2015: $52,3982015Revenue 2016: $1,529,659Expenses 2016: $1,613,309Net Income 2016: -$83,6502016

Highlighted filing

2016

Revenue$1,529,659
Expenses$1,613,309
Net Income-$83,650

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,529,659
Mission and Program Overview

Mission

To improve and enhance the quality of life of the southeast asian (sea) community in san joaquin county, assist them in overcoming social and economic problems, and in becoming independent, self-sufficient, and effective participants in american society.

To improve & enhance the quality of life of the southeast asian community in san joaquin county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$215,946$288,539▲ $72,593
Accounts Receivable$214,532$282,272▲ $67,740
Land, Buildings, and Equipment, Net$24,278$24,051▼ $227
Total Assets$459,556$599,662▲ $140,106
Other Assets Total$4,800$4,800→ $0
Liabilities
Grants Payable-$200,636-
Accounts Payable and Accrued Expenses$32,775$42,444▲ $9,669
Deferred Revenue-$13,451-
Total Liabilities$32,775$256,531▲ $223,756
Net Assets / Fund Balance
Unrestricted Net Assets$426,781$343,131▼ $83,650
Total Net Assets Fund Balance$426,781$343,131▼ $83,650
Total Liabilities and Net Assets / Fund Balance$459,556$599,662▲ $140,106

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,969$16,792$37,761
Other Land Buildings$3,082$7,508$10,590
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert KhoonsrivongExecutive DirectorFT$86,858$25,828$112,686
Jean ZhuAccountantFT$47,390$13,201$60,591
Revenue and Support

Revenue Composition

Contributions and Grants
$1,351,016
Program Service Revenue
$178,643
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$-83,650

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,529,659
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,529,659
Total Revenue per Form 990
$1,529,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,316,007
Other Expenses$297,202
Grants and Similar Amounts Paid$100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$708,697$120,344-$829,041
Current Officers, Directors, Trustees, and Key Employees-$173,277-$173,277
Other Employee Benefits$148,272$24,659-$172,931
Occupancy$109,996$14,219-$124,215
Office Expenses$43,448$41,577-$85,025
Payroll Taxes$73,789$9,740-$83,529
Pension Plan Contributions$12,722$44,507-$57,229
Travel$5,794$45,310-$51,104
Fees for Services Accounting-$16,300-$16,300
Insurance-$7,890-$7,890
Depreciation Depletion-$7,464-$7,464
Fees for Services Other$4,868$336-$5,204
Foreign Grants$100--$100
Other Expenses$300,954$-300,954-$0
Total Functional Expenses$1,408,640$204,669$0$1,613,309

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,613,309
Total Expenses per Audited Statements$1,613,309
Total Expenses per Form 990$1,613,309
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board president and accountant review the form 990. The form 990 is then submitted to the chairman of the board. The board of directors and executive director meet, review and approve the form 990.

Form 990, Part VI, Section B, Line 12C

All board members are required to sign the lao khmu association, inc. Conflict of interest policy upon joining the board and must describe any potential conflicts at the start of each semi-annual meeting.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lao Khmu Association Inc
EIN
68-0015780
Phone
2094633410
Address
1044 NORTH EL DORADO STREET, STOCKTON, CA 95202

Signing Officer

Name
Somporn Boonsalat
Title
Board President
Phone
2094633410
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Somporn Boonsalat
Formed
1983
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
25
Volunteers
25

Preparer

Firm
Bowman & Company Llp
Address
10100 TRINITY PARKWAYSTE 310, STOCKTON, CA 95219
Preparer
Tobbie J Wells CPA
Phone
2094731040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The association is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax under section 23701(d) of the california revenue and taxation code. Donations to the association are tax deductible. The association is classified by the internal revenue service as an other-than-private foundation. Accordingly, no provision for federal or state income taxes is made in the accompanying financial statements. The association's forms 990, return of organization exempt from income tax, are subject to examination by the irs, generally for three to four years after they were filed.

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IRS990/PYGrantsAndSimilarPaidAmt04750
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0286354
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt067036
IRS990/PYRevenuesLessExpensesAmt052398
IRS990/PYSalariesCompEmpBnftPaidAmt01172262
IRS990/PYTotalExpensesAmt01463366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01515764
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-83650
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01351016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01448728
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01380837
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01091121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01079649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06351351
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0466729
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0400
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0850
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01250
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt06351351
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01351016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01448728
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01380837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01091121
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01079649
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06351351
IRS990ScheduleA/TotalSupportAmt06352601
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt020969
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016792
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037761
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01613309
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07508
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010590
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01529659
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. DONATIONS TO THE ASSOCIATION ARE TAX DEDUCTIBLE. THE ASSOCIATION IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN OTHER-THAN-PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASSOCIATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE TO FOUR YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024051
IRS990ScheduleD/TotalExpensesPerForm990Amt01613309
IRS990ScheduleD/TotalRevenuePerForm990Amt01529659
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01529659
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01613309
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD PRESIDENT AND ACCOUNTANT REVIEW THE FORM 990. THE FORM 990 IS THEN SUBMITTED TO THE CHAIRMAN OF THE BOARD. THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR MEET, REVIEW AND APPROVE THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE LAO KHMU ASSOCIATION, INC. CONFLICT OF INTEREST POLICY UPON JOINING THE BOARD AND MUST DESCRIBE ANY POTENTIAL CONFLICTS AT THE START OF EACH SEMI-ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0459556
IRS990/TotalAssetsEOYAmt0599662
IRS990/TotalAssetsGrp/BOYAmt0459556
IRS990/TotalAssetsGrp/EOYAmt0599662
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01351016
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0204669
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01408640
IRS990/TotalFunctionalExpensesGrp/TotalAmt01613309
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032775
IRS990/TotalLiabilitiesEOYAmt0256531
IRS990/TotalLiabilitiesGrp/BOYAmt032775
IRS990/TotalLiabilitiesGrp/EOYAmt0256531
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0426781
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0343131
IRS990/TotalOtherCompensationAmt039029
IRS990/TotalProgramServiceExpensesAmt01408640
IRS990/TotalProgramServiceRevenueAmt0178643
IRS990/TotalReportableCompFromOrgAmt0134248
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0178643
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01529659
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0459556
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0599662
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt045310
IRS990/TravelGrp/ProgramServicesAmt05794
IRS990/TravelGrp/TotalAmt051104
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0426781
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0343131
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01044 NORTH EL DORADO STREET
IRS990/USAddress/CityNm0STOCKTON
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095202
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.LAOKHMU.ORG

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