Civic Intelligence

Korean Resource Center Inc.

990 • Fiscal year 2017 • EIN 95-3879699

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

900 Crenshaw Blvd Unit BLos Angeles, CA 90019

(323) 937-3718

Siviq Scores

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

Liabilities / Assets

74th percentile

0.36x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.23x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

91st percentile

50%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

60%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,167,611

Up $388,568 (+50%) from 2016

Net Assets

Up

$742,624

Up $203,152 (+38%) from 2016

Liabilities

Up

$424,987

Up $185,416 (+77%) from 2016

Revenue

Up

$1,811,308

Up $680,370 (+60%) from 2016

Expenses

Up

$1,810,535

Up $484,920 (+37%) from 2016

Net Income

Up

$773

Up $195,450 (+100%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $845,508Liabilities 2010: $318,660Net Assets 2010: $526,8482010Assets 2011: $852,767Liabilities 2011: $282,679Net Assets 2011: $570,0882011Assets 2012: $914,270Liabilities 2012: $272,079Net Assets 2012: $642,1912012Assets 2013: $1,010,625Liabilities 2013: $329,618Net Assets 2013: $681,0072013Assets 2014: $1,337,087Liabilities 2014: $597,446Net Assets 2014: $739,6412014Assets 2015: $1,127,023Liabilities 2015: $386,970Net Assets 2015: $740,0532015Assets 2016: $779,043Liabilities 2016: $239,571Net Assets 2016: $539,4722016Assets 2017: $1,167,611Liabilities 2017: $424,987Net Assets 2017: $742,6242017Assets 2018: $3,892,962Liabilities 2018: $2,902,180Net Assets 2018: $990,7822018Assets 2019: $4,440,588Liabilities 2019: $2,346,561Net Assets 2019: $2,094,0272019Assets 2020: $4,249,474Liabilities 2020: $1,885,656Net Assets 2020: $2,363,8182020Assets 2021: $4,114,106Liabilities 2021: $1,861,721Net Assets 2021: $2,252,3852021Assets 2022: $4,829,872Liabilities 2022: $1,840,327Net Assets 2022: $2,989,5452022Assets 2023: $4,585,776Liabilities 2023: $2,719,616Net Assets 2023: $1,866,1602023Assets 2024: $3,362,855Liabilities 2024: $1,749,494Net Assets 2024: $1,613,3612024

Highlighted filing

2017

Assets$1,167,611
Liabilities$424,987
Net Assets$742,624

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $577,123Expenses 2010: $467,444Net Income 2010: $109,6792010Revenue 2011: $484,822Expenses 2011: $443,332Net Income 2011: $41,4902011Revenue 2012: $659,027Expenses 2012: $589,923Net Income 2012: $69,1042012Revenue 2013: $835,639Expenses 2013: $782,816Net Income 2013: $52,8232013Revenue 2014: $882,805Expenses 2014: $824,171Net Income 2014: $58,6342014Revenue 2015: $920,983Expenses 2015: $923,470Net Income 2015: -$2,4872015Revenue 2016: $1,130,938Expenses 2016: $1,325,615Net Income 2016: -$194,6772016Revenue 2017: $1,811,308Expenses 2017: $1,810,535Net Income 2017: $7732017Revenue 2018: $2,642,112Expenses 2018: $2,396,232Net Income 2018: $245,8802018Revenue 2019: $2,836,081Expenses 2019: $2,308,728Net Income 2019: $527,3532019Revenue 2020: $2,129,776Expenses 2020: $1,859,985Net Income 2020: $269,7912020Revenue 2021: $2,062,273Expenses 2021: $2,069,956Net Income 2021: -$7,6832021Revenue 2022: $2,088,542Expenses 2022: $1,351,382Net Income 2022: $737,1602022Revenue 2023: $1,543,923Expenses 2023: $1,508,775Net Income 2023: $35,1482023Revenue 2024: $805,211Expenses 2024: $1,060,186Net Income 2024: -$254,9752024

Highlighted filing

2017

Revenue$1,811,308
Expenses$1,810,535
Net Income$773
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,827,219
Mission and Program Overview

Mission

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.

To promote korean history and cultural appreciation enhance korean heritage in the korean american commnity, 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$668,124$808,724▲ $140,600
Pledges and Grants Receivable$225,320$277,710▲ $52,390
Land, Buildings, and Equipment, Net$30,388$25,516▼ $4,872
Total Assets$979,613$1,167,611▲ $187,998
Other Assets Total$55,781$55,661▼ $120
Liabilities
Deferred Revenue$236,595$249,483▲ $12,888
Other Liabilities-$148,297-
Accounts Payable and Accrued Expenses$2,976$27,207▲ $24,231
Total Liabilities$239,571$424,987▲ $185,416
Net Assets / Fund Balance
Unrestricted Net Assets$660,042$742,624▲ $82,582
Temporarily Rstr Net Assets$80,000--
Total Net Assets Fund Balance$740,042$742,624▲ $2,582
Total Liabilities and Net Assets / Fund Balance$979,613$1,167,611▲ $187,998

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$25,516$110,700$136,216
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dae J YoonPresidentPT$42,092$42,092

Board Members and Trustees

NameTitle
David K SongBoard Chair
Angela OhDirector
Inbo SimDirector
Kang Nam LeeDirector
Suhee KimDirector
Zu KimSecretary
John ChoiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,795,412
Program Service Revenue
$30,325
Investment Income
$1,482
Other Revenue
$-15,911
All Other Contributions
$958,662
Change in Net Assets
$773

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,811,308
Total Revenue per Audited Statements
$1,811,308
Total Revenue per Form 990
$1,811,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,043,497
Other Expenses$551,838
Grants and Similar Amounts Paid$215,200
Total Fundraising Expense$62,480
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$727,130$194,464$52,736$974,330
Grants to Domestic Orgs$215,200--$215,200
Office Expenses$71,888$40,640$615$113,143
Insurance$69,276$26,822$5,759$101,857
Travel$77,612$9,089$1,164$87,865
All Other Expenses$59,975$13,123$2,206$75,304
Current Officers, Directors, Trustees, and Key Employees-$42,092-$42,092
Pension Plan Contributions-$25,000-$25,000
Other Expenses$28,647$16,438-$16,438
Depreciation Depletion-$8,760-$8,760
Other Employee Benefits$1,825$250-$2,075
Advertising$717$30-$747
Total Functional Expenses$1,252,270$495,785$62,480$1,810,535

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,810,535
Expenses per Audited Statements$1,808,726
Total Expenses per Audited Statements$1,808,726
Expenses Not Reported on Financial Statements$1,809
Other Expense Adjustments$1,809
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
----$202,700
----$12,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,911
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$102,403---
Total Events$102,403-$15,911$-15,911
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regrant Payable$148,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 7B

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

Form 990, Page 6, Part VI, Line 11B

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.

Form 990, Page 6, Part VI, Line 12C

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.

Form 990, Page 6, Part VI, Line 15A

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.

Form 990, Page 6, Part VI, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Korean Resource Center Inc
EIN
95-3879699
Phone
3239373718
Address
900 CRENSHAW BLVD UNIT B, LOS ANGELES, CA 90019

Signing Officer

Name
Dae J Yoon
Title
President
Phone
3239373718
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dae J Yoon
Formed
1983
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
10
Employees
46

Preparer

Firm
Sangho Yoo CPA & Co
Address
3435 WILSHIRE BLVD 1190, LOS ANGELES, CA 90010-1975
Preparer
Sangho Yoo
Phone
2133656603
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Part vii update on board members' information part ix change in numbers on some functional expeneses, but total expenses are not changed.

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Page 2, Part III, Line 4D

Health care is a human right. Everyone should have access to quality health care and public benefits. -ensure access to low-cost or free health care and coverage, with information in patients' primary languages -preserve and fully fund the social service 'safety net' for everyone -provide low-income immigrant women and girls with access to culturally- appropriate information necessary to make informed decisions about their reproductive health and rights. Reproductive health needs to be an integral part of our state's safety net. The korean resource center has pioneered in multiple digital and data programmatic areas among community building organizations in southern california over fifteen years.

Form 990, Part XI, Line 9

Book / tax depreciation difference 1,809

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 1,809

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IRS990/OfficeExpensesGrp/ProgramServicesAmt071888
IRS990/OfficeExpensesGrp/TotalAmt0113143
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt055781
IRS990/OtherAssetsTotalGrp/EOYAmt055661
IRS990/OtherChangesInNetAssetsAmt01809
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0250
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01825
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02075
IRS990/OtherExpensesGrp/Desc0REGRANT-GENERAL
IRS990/OtherExpensesGrp/Desc1MEALS AND ENT-ORG
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL-GENERAL
IRS990/OtherExpensesGrp/Desc3MEALS AND ENT-GENERAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt096935
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt122142
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt216438
IRS990/OtherExpensesGrp/ProgramServicesAmt028647
IRS990/OtherExpensesGrp/TotalAmt096935
IRS990/OtherExpensesGrp/TotalAmt128647
IRS990/OtherExpensesGrp/TotalAmt222142
IRS990/OtherExpensesGrp/TotalAmt316438
IRS990/OtherLiabilitiesGrp/EOYAmt0148297
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt052736
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0194464
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0727130
IRS990/OtherSalariesAndWagesGrp/TotalAmt0974330
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt025000
IRS990/PensionPlanContributionsGrp/TotalAmt025000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0225320
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0277710
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DAE J YOON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt030325
IRS990/ProgSrvcAccomActy2Grp/Desc0IMMIGRANT RIGHTS - ENHANCEMENT OF THE LIVES OF KOREAN AMERICANS AND IMMIGRANTS THROUGH EDUCATION, ADVOCAY, CULTURE AND COMMUNITY SERVICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0490527
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0202700
IRS990/ProgSrvcAccomActy3Grp/Desc0KRC PROVIDES TO ENSURE COMMUNITY ECONOMIC DEVELOPMENT AND SAFE SANITARY, AND AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME PERSONS IN THE CITY OF LOS ANGELES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt084718
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HEALTH CARE IS A HUMAN RIGHT. EVERYONE SHOULD HAVE ACCESS TO QUALITY HEALTH CARE AND PUBLIC BENEFITS. -ENSURE ACCESS TO LOW-COST OR FREE HEALTH CARE AND COVERAGE, WITH INFORMATION IN PATIENTS' PRIMARY LANGUAGES -PRESERVE AND FULLY FUND THE SOCIAL SERVICE 'SAFETY NET' FOR EVERYONE -PROVIDE LOW-INCOME IMMIGRANT WOMEN AND GIRLS WITH ACCESS TO CULTURALLY- APPROPRIATE INFORMATION NECESSARY TO MAKE INFORMED DECISIONS ABOUT THEIR REPRODUCTIVE HEALTH AND RIGHTS. REPRODUCTIVE HEALTH NEEDS TO BE AN INTEGRAL PART OF OUR STATE'S SAFETY NET. THE KOREAN RESOURCE CENTER HAS PIONEERED IN MULTIPLE DIGITAL AND DATA PROGRAMMATIC AREAS AMONG COMMUNITY BUILDING ORGANIZATIONS IN SOUTHERN CALIFORNIA OVER FIFTEEN YEARS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0167793
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01223370
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04202
IRS990/PYOtherExpensesAmt0540093
IRS990/PYOtherRevenueAmt05370
IRS990/PYProgramServiceRevenueAmt098566
IRS990/PYRevenuesLessExpensesAmt05893
IRS990/PYSalariesCompEmpBnftPaidAmt0785522
IRS990/PYTotalExpensesAmt01325615
IRS990/PYTotalRevenueAmt01331508
IRS990/ReconcilationRevenueExpnssAmt0773
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0N/A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART V, LINE 1
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0113303986
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NATIONAL KOREAN AMERICAN SERVICE & EDUCATION CONSORTIUM
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0NAKASEC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/TrustIntegralPartTestInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt060331
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt051890
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt040880
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0153101
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0241322
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0207561
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0163521
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0612404
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt062335
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt078234
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt072491
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt0213060
IRS990ScheduleC/GrassrootsCeilingAmt0229652
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt060331
IRS990ScheduleC/LobbyingCeilingAmt0918606
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0241322
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01764110
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt062335
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01826445
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt062335
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01809
IRS990ScheduleD/ExpensesSubtotalAmt01808726
IRS990ScheduleD/OtherExpensesNotIncludedAmt01809
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025516
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110700
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0136216
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0148297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGRANT PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt01811308
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 1,809
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025516
IRS990ScheduleD/TotalExpensesPerForm990Amt01810535
IRS990ScheduleD/TotalLiabilityAmt0148297
IRS990ScheduleD/TotalRevenuePerForm990Amt01811308
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01811308
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01808726
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0102403
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0102403
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015911
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt015911
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt015911
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0102403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0102403
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15911
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt012500
IRS990ScheduleI/RecipientTable/CashGrantAmt1202700
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VII UPDATE ON BOARD MEMBERS' INFORMATION PART IX CHANGE IN NUMBERS ON SOME FUNCTIONAL EXPENESES, BUT TOTAL EXPENSES ARE NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HEALTH CARE IS A HUMAN RIGHT. EVERYONE SHOULD HAVE ACCESS TO QUALITY HEALTH CARE AND PUBLIC BENEFITS. -ENSURE ACCESS TO LOW-COST OR FREE HEALTH CARE AND COVERAGE, WITH INFORMATION IN PATIENTS' PRIMARY LANGUAGES -PRESERVE AND FULLY FUND THE SOCIAL SERVICE 'SAFETY NET' FOR EVERYONE -PROVIDE LOW-INCOME IMMIGRANT WOMEN AND GIRLS WITH ACCESS TO CULTURALLY- APPROPRIATE INFORMATION NECESSARY TO MAKE INFORMED DECISIONS ABOUT THEIR REPRODUCTIVE HEALTH AND RIGHTS. REPRODUCTIVE HEALTH NEEDS TO BE AN INTEGRAL PART OF OUR STATE'S SAFETY NET. THE KOREAN RESOURCE CENTER HAS PIONEERED IN MULTIPLE DIGITAL AND DATA PROGRAMMATIC AREAS AMONG COMMUNITY BUILDING ORGANIZATIONS IN SOUTHERN CALIFORNIA OVER FIFTEEN YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS DIRECTORS WHO HAD THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE GOVERNANCE DECISIONS OF THE ORGANIZATION SUBJECT TO APPROVAL OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COPIES 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BOOK / TAX DEPRECIATION DIFFERENCE 1,809
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt080000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0979613
IRS990/TotalAssetsEOYAmt01167611
IRS990/TotalAssetsGrp/BOYAmt0979613
IRS990/TotalAssetsGrp/EOYAmt01167611
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01795412
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt062480
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0495785
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01252270
IRS990/TotalFunctionalExpensesGrp/TotalAmt01810535
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0239571
IRS990/TotalLiabilitiesEOYAmt0424987
IRS990/TotalLiabilitiesGrp/BOYAmt0239571
IRS990/TotalLiabilitiesGrp/EOYAmt0424987
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0740042
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0742624
IRS990/TotalOtherProgSrvcExpenseAmt0167793
IRS990/TotalProgramServiceExpensesAmt01252270
IRS990/TotalProgramServiceRevenueAmt030325

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$1.75$1.61$0.81$1.06$0.25
2023Summary only. Only limited summary data is available for this year.$4.59$2.72$1.87$1.54$1.51$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$1.84$2.99$2.09$1.35$0.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$1.86$2.25$2.06$2.07$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$1.89$2.36$2.13$1.86$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$2.35$2.09$2.84$2.31$0.53
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$2.90$0.99$2.64$2.40$0.25
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.42$0.74$1.81$1.81$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.24$0.54$1.13$1.33$0.19
2015Summary only. Only limited summary data is available for this year.$1.13$0.39$0.74$0.92$0.92$0.00
2014Summary only. Only limited summary data is available for this year.$1.34$0.60$0.74$0.88$0.82$0.06
2013Summary only. Only limited summary data is available for this year.$1.01$0.33$0.68$0.84$0.78$0.05
2012Summary only. Only limited summary data is available for this year.$0.91$0.27$0.64$0.66$0.59$0.07
2011Summary only. Only limited summary data is available for this year.$0.85$0.28$0.57$0.48$0.44$0.04
2010Summary only. Only limited summary data is available for this year.$0.85$0.32$0.53$0.58$0.47$0.11