Korean Resource Center Inc.

“The organization has directors who had the power to elect or appoint one or more members of the governing body.”

“There are governance decisions of the organization subject to approval of directors.”

“Copies of the form 990 are distributed to all board members prior to filing. A review and approval is conducted by a committee selected by the board.”

“To properly monitor and enforce a conflict-of-interest policy, an organization should be diligent in reviewing the annual disclosure forms submitted by covered persons, and in compiling and maintaining a list of potentially conflicted entities and individuals. Proposed transactions can then be matched against the list as a means of identifying possible conflicts. The organization should identify a person ultimately responsible for maintaining the list and screening for possible conflicts of interest. When dealing with major vendors and service providers, the organization should consider asking the vendor or service provider to disclose any relationship - personal, financial, or otherwise - that the vendor or service provider has with any of the organization's directors, officers, employees or volunteers.”

“Compensation is determined by disinterested directors or an autorized committee and is based on a review of reliable comparability data and a decision as the reasonableness of the compensation. A record of the deliberation, decision and persons involved are maintained in the organization's corporate minutes book.”

“The governing documents, conflict of interest policy and financial statements are available to the general public upon request. They are also available at the organization's office during regular business hours.”

“To promote korean history and cultural appreciation, enhance korean heritage in the korean american community, provide social services to the korean community, empower the korean american community through civic education and civic participation, ensure community economic development and safe sanitary, and affordable housing for primarily low income persons in the city of los angeles, particularly koreatown.”

“Krc educates korean-american about their heritage and the u.s. Society through workshops, language, classes, summer school and publications. Krc provides assistances for cultural activity programs”

“Book / tax depreciation difference 615”