Civic Intelligence

Korean American Legacy Foundation

EIN 92-1591368 • 501(c)3 • Buena Park, CA

Profile

The specific purpose of this corporation is to engage in and produce comparative studies and research concerning historical sights in united state to discover, restore and maintain those properties for further research and study.

6301 Beach BlvdBuena Park, CA 90621

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 2023

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

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 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

$23,344

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$23,344

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin70th percentile

Revenue

$146,007

No earlier filing loaded for comparison.

Expenses

$122,663

No earlier filing loaded for comparison.

Net Income

$23,344

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.

$30K$20K$10K$0Assets 2023: $23,344Liabilities 2023: $0Net Assets 2023: $23,3442023

Highlighted filing

2023

Assets$23,344
Liabilities$0
Net Assets$23,344
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0Revenue 2023: $146,007Expenses 2023: $122,663Net Income 2023: $23,3442023

Highlighted filing

2023

Revenue$146,007
Expenses$122,663
Net Income$23,344
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,344
Liabilities
$0
Net assets
$23,344
Revenue
$146,007
Expenses
$122,663
Net income
$23,344
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$1.46$1.23$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$146,007
Mission and Program Overview

Mission

The specific purpose of this corporation is to engage in and produce comparative studies and research concerning historical sights in united state to discover, restore and maintain those properties for further research and study.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$23,344▲ $23,344
Cap Stk Tr Prin Current Funds-$23,344-
Land, Buildings, and Equipment, Net-$0-
Total Assets$0$23,344▲ $23,344
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$23,344▲ $23,344
Total Liabilities and Net Assets / Fund Balance$0$23,344▲ $23,344

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Marn J ChaC.e.o.
Hayden ParkC.f.o.
Junhak LeeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$146,007
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$146,007
Change in Net Assets
$23,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,663
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
Payment Travel Entrtnmnt Publicly Ofcl$68,647$0$0$68,647
Occupancy$0$42,192$0$42,192
Office Expenses$0$11,824$0$11,824
Total Functional Expenses$68,647$54,016$0$122,663
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
Korean American Legacy Foundation
EIN
92-1591368
Phone
7142427280
Address
6301 BEACH BLVD, BUENA PARK, CA 90621

Signing Officer

Name
Marn J Cha
Title
C.e.o.
Phone
7142427280
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marn J Cha
Formed
2022
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Hayden Park Tax & Accounting Inc
Address
6301 BEACH BLVD STE 303, BUENA PARK, CA 90621
Preparer
Hayden Heejoon Park
Phone
7142427280
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“No review was done or will be conducted”

Form 990, Part III, Line 4D

“The comparative study and research the korean historical properties that reside in united states. 68647. 146007. 77360.”

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