Civic Intelligence

Koreatown Planning Committee Board Inc

EIN 83-4431937 • 501(c)3 • Clarksville, MD

Profile

Promoting korean american culture and history

7001 Westcott PlaceClarksville, MD 21029

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 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

7th percentile

-182%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

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 2024

Asset Growth

30th percentile

-24%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-67%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$29,682

Down $20,636 (-41%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$29,682

Down $20,636 (-41%) from 2022

Revenue

Down

$5,100

Down $65,899 (-93%) from 2022

Expenses

Down

$14,363

Down $105,715 (-88%) from 2022

Net Income

Up

-$9,263

Up $39,816 (+81%) from 2022

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $187,426Liabilities 2020: $0Net Assets 2020: $187,4262020Assets 2021: $99,396Liabilities 2021: $0Net Assets 2021: $99,3962021Assets 2022: $50,318Liabilities 2022: $0Net Assets 2022: $50,3182022Assets 2024: $29,682Liabilities 2024: $0Net Assets 2024: $29,6822024

Highlighted filing

2024

Assets$29,682
Liabilities$0
Net Assets$29,682

Operations Trend

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

$400K$200K$0-$200KRevenue 2020: $305,884Expenses 2020: $193,190Net Income 2020: $112,6942020Revenue 2021: $280,906Expenses 2021: $368,936Net Income 2021: -$88,0302021Revenue 2022: $70,999Expenses 2022: $120,078Net Income 2022: -$49,0792022Revenue 2024: $5,100Expenses 2024: $14,363Net Income 2024: -$9,2632024

Highlighted filing

2024

Revenue$5,100
Expenses$14,363
Net Income-$9,263

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 22, 2025
Return Version
2024v5.1
Gross Receipts
$5,100
Mission and Program Overview

Mission

Promoting korean american culture and history

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,945$29,682▼ $9,263
Rtn Earn Endowment Incm Other Fnds$38,945$29,682▼ $9,263
Total Assets$38,945$29,682▼ $9,263
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$38,945$29,682▼ $9,263
Total Liabilities and Net Assets / Fund Balance$38,945$29,682▼ $9,263
Compensation and Service Providers

Board Members and Trustees

NameTitle
NoneNone
Revenue and Support

Revenue Composition

Contributions and Grants
$5,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,100
Change in Net Assets
$-9,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,363
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
Insurance$6,571$0$0$6,571
Conferences and Meetings$2,400$0$0$2,400
Advertising$1,532$0$0$1,532
Other Expenses$900$0$0$900
Fees for Services Accounting$250$0$0$250
Total Functional Expenses$14,363$0$0$14,363
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Koreatown Planning Committee Board Inc
EIN
83-4431937
Phone
3015323778
Address
7001 WESTCOTT PLACE, CLARKSVILLE, MD 21029

Signing Officer

Name
Soo Park
Title
Chairman
Phone
3015323778
Signed
2025-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Soo Park
Formed
2019
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Nam S Kim CPA INC
Address
3277 Pine Orchard Ln Ste 1, Ellicott City, MD 21042
Preparer
Nam Soo Kim CPA
Phone
4107202908
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Officer review before filing tax return

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/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
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IRS990/IRPDocumentCnt00
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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nam Soo Kim CPA
ReturnHeader/ReturnTs02025-05-27T07:50:54-07:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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