Civic Intelligence

Lakbc

990 • Fiscal year 2019 • EIN 82-4864117

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 04, 2020

Organization Profilewww.ilovelakbc.com
4055 Wilshire BlvdLos Angeles, CA 90010

(213) 500-1123

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

53rd percentile

0.00x

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

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Net Margin

98th percentile

62%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2019 filings • 501(c)7 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin98th percentile

Revenue

$175,936

No earlier filing loaded for comparison.

Expenses

$67,385

No earlier filing loaded for comparison.

Net Income

$108,551

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2021: $0Net Assets 2021: $02021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$150K$100K$50K$0Revenue 2019: $175,936Expenses 2019: $67,385Net Income 2019: $108,5512019Revenue 2021: $02021Revenue 2022: $02022

Highlighted filing

2019

Revenue$175,936
Expenses$67,385
Net Income$108,551
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$175,936
Mission and Program Overview

Mission

The mission of this organization is to provide the opportunity for members to play badminton, to develop and improve their skills, and to participate in training and competitive matches in the club and open local tournaments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,318--
Total Assets$2,318$0▼ $2,318
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,318--
Total Net Assets Fund Balance$2,318$0▼ $2,318
Total Liabilities and Net Assets / Fund Balance$2,318$0▼ $2,318
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Jeong S ParkChief Executive Officer
Nickie KimChief Financial Officer
Nickie KimSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$87,968
Program Service Revenue
$87,968
Investment Income
$0
Other Revenue
$0
All Other Contributions
$19,340
Change in Net Assets
$108,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,054
Grants and Similar Amounts Paid$331
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$51,723$0$0$51,723
Other Expenses$9,450$0$0$9,450
Insurance$753$0$0$753
All Other Expenses$510$0$0$510
Grants to Domestic Orgs$331--$331
Total Functional Expenses$66,576$809$0$67,385
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Filing and Contact Details

Filer

Filer Name
Lakbc
EIN
82-4864117
Phone
2135001123
Address
4055 WILSHIRE BLVD, LOS ANGELES, CA 90010
Doing Business As
Los Angeles Korean Badminton Club

Signing Officer

Name
Nickie Kim
Title
Secretary
Phone
2135001123
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connie Kim
Formed
2019
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
100

Preparer

Firm
Kii & Company Inc
Address
3450 WILSHIRE BLVD SUITE 306, LOS ANGELES, CA 90010
Preparer
Young K Kim CPA Cfe Cgma Mba
Phone
2133155505
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Actual review and discussion is made by the president, vice presidents, chief financial officer, and secretary of the organization before filing the form 990.”

Raw XML Appendix271 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.

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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The mission of this organization is to provide the opportunity for members to play badminton, to develop and improve their skills, and to participate in training and competitive matches in the club and open local tournaments.
IRS990/AllOtherContributionsAmt019340
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0510
IRS990/AllOtherExpensesGrp/TotalAmt0510
IRS990/BooksInCareOfDetail/PersonNm0CONNIE KIM
IRS990/BooksInCareOfDetail/PhoneNum02135001123
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04055 WILSHIRE BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090010
IRS990/BusinessRlnWith35CtrlEntInd0false
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IRS990/CompensationProcessOtherInd0false
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IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
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IRS990/CYGrantsAndSimilarPaidAmt0331
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IRS990/CYOtherRevenueAmt00
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IRS990/CYRevenuesLessExpensesAmt0108551
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IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0175936
IRS990/DecisionsSubjectToApprovaInd0false
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0MEMBERSHIP: Provided badminton courts, materials, and refreshments to over 100 of the club members for their daily badminton activities. Provided individual member training to members to develop their badminton skills and participate in the club and tournaments..
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
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IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0JEONG S PARK
IRS990/Form990PartVIISectionAGrp/PersonNm1NICKIE KIM
IRS990/Form990PartVIISectionAGrp/PersonNm2NICKIE KIM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt02686
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0331
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0331
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0175936
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitiationFeesAndCapContriAmt00
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0753
IRS990/InsuranceGrp/TotalAmt0753
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt065942
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of this organization is to provide the opportunity for members to play badminton, to develop and improve their skills, and to participate in training and competitive matches in the club and open local tournaments.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02318
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02318
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt051723
IRS990/OccupancyGrp/TotalAmt051723
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0REFRESHMENTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2WEBSITE HOSTING
IRS990/OtherExpensesGrp/Desc3ACTIVITY MATERAILS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1809
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt03100
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt2709
IRS990/OtherExpensesGrp/ProgramServicesAmt39450
IRS990/OtherExpensesGrp/TotalAmt03100
IRS990/OtherExpensesGrp/TotalAmt1809
IRS990/OtherExpensesGrp/TotalAmt2709
IRS990/OtherExpensesGrp/TotalAmt39450
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CONNIE KIM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TOURNAMENTS & EVENTS PROGRAM
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt065942
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122026
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0TOURNAMENTS: Provided regular club tournaments to all the organization members and informed the members of tournaments hosted by other local badminton clubs and well-known official badminton associations so as to provide opportunities for all the organization members to participate in the tournaments.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02045
IRS990/PYOtherExpensesAmt079691
IRS990/PYProgramServiceRevenueAmt073109
IRS990/PYRevenuesLessExpensesAmt0-4537
IRS990/PYTotalExpensesAmt079691
IRS990/PYTotalRevenueAmt075154
IRS990/ReconcilationRevenueExpnssAmt0108551
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Actual review and discussion is made by the president, vice presidents, chief financial officer, and secretary of the organization before filing the form 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
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IRS990/TotalAssetsEOYAmt00
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt087968
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt066576
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090010
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0http://www.ilovelakbc.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICKIE KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02135001123
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKBC
ReturnHeader/Filer/BusinessNameControlTxt0LAKB
ReturnHeader/Filer/EIN0824864117
ReturnHeader/Filer/PhoneNum02135001123
ReturnHeader/Filer/USAddress/AddressLine1Txt04055 WILSHIRE BLVD
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090010
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D856D07C83C01063F6879755F7489DB4C23782DD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.240.215.109
ReturnHeader/FilingSecurityInformation/IPDt02020-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm014:47:37
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KII & COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03450 WILSHIRE BLVD SUITE 306
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090010
ReturnHeader/PreparerPersonGrp/PhoneNum02133155505
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YOUNG K KIM CPA CFE CGMA MBA
ReturnHeader/ReturnTs02020-11-05T14:47:47-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$175,936
Expenses
$67,385
Net income
$108,551
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.76$0.67$1.09