Civic Intelligence

Koreatown Organizations Association

EIN 95-4754419 • 501(c)3 • Los Angeles, CA

Profile

Maintain cultural, civic, community service center in koreatown to serve koreatown -based community organizations

3055 Wilshire Blvd Suite 710Los Angeles, CA 90010

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.60x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

2.76x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

75th percentile

21%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

48th percentile

3.5%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.4%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$5,787,265

Up $194,518 (+3.5%) from 2023

Liabilities

Down

$3,478,911

Down $72,317 (-2.0%) from 2023

Net Assets

Up

$2,308,354

Up $266,835 (+13%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin75th percentile

Revenue

Up

$1,258,943

Up $108,402 (+9.4%) from 2023

Expenses

Down

$992,108

Down $56,896 (-5.4%) from 2023

Net Income

Up

$266,835

Up $165,298 (+163%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,760,011Liabilities 2010: $4,888,404Net Assets 2010: $871,6072010Assets 2011: $5,647,087Liabilities 2011: $4,824,676Net Assets 2011: $822,4112011Assets 2012: $5,542,869Liabilities 2012: $4,759,057Net Assets 2012: $783,8122012Assets 2013: $5,493,460Liabilities 2013: $4,693,975Net Assets 2013: $799,4852013Assets 2014: $5,563,669Liabilities 2014: $4,674,260Net Assets 2014: $889,4092014Assets 2015: $5,606,258Liabilities 2015: $4,506,490Net Assets 2015: $1,099,7682015Assets 2016: $5,731,986Liabilities 2016: $4,379,221Net Assets 2016: $1,352,7652016Assets 2017: $5,632,175Liabilities 2017: $4,251,898Net Assets 2017: $1,380,2772017Assets 2018: $5,197,095Liabilities 2018: $4,144,980Net Assets 2018: $1,052,1152018Assets 2019: $5,143,576Liabilities 2019: $4,048,104Net Assets 2019: $1,095,4722019Assets 2020: $5,259,630Liabilities 2020: $3,911,751Net Assets 2020: $1,347,8792020Assets 2021: $5,485,944Liabilities 2021: $3,733,658Net Assets 2021: $1,752,2862021Assets 2022: $5,559,596Liabilities 2022: $3,619,614Net Assets 2022: $1,939,9822022Assets 2023: $5,592,747Liabilities 2023: $3,551,228Net Assets 2023: $2,041,5192023Assets 2024: $5,787,265Liabilities 2024: $3,478,911Net Assets 2024: $2,308,3542024

Highlighted filing

2024

Assets$5,787,265
Liabilities$3,478,911
Net Assets$2,308,354
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $864,306Expenses 2010: $940,913Net Income 2010: -$76,6072010Revenue 2011: $903,173Expenses 2011: $950,078Net Income 2011: -$46,9052011Revenue 2012: $926,135Expenses 2012: $964,733Net Income 2012: -$38,5982012Revenue 2013: $921,149Expenses 2013: $905,601Net Income 2013: $15,5482013Revenue 2014: $994,331Expenses 2014: $904,212Net Income 2014: $90,1192014Revenue 2015: $996,976Expenses 2015: $786,616Net Income 2015: $210,3602015Revenue 2016: $1,003,103Expenses 2016: $750,106Net Income 2016: $252,9972016Revenue 2017: $855,208Expenses 2017: $827,696Net Income 2017: $27,5122017Revenue 2018: $820,629Expenses 2018: $1,148,791Net Income 2018: -$328,1622018Revenue 2019: $999,329Expenses 2019: $955,974Net Income 2019: $43,3552019Revenue 2020: $1,035,684Expenses 2020: $783,277Net Income 2020: $252,4072020Revenue 2021: $1,164,495Expenses 2021: $760,088Net Income 2021: $404,4072021Revenue 2022: $1,124,159Expenses 2022: $944,747Net Income 2022: $179,4122022Revenue 2023: $1,150,541Expenses 2023: $1,049,004Net Income 2023: $101,5372023Revenue 2024: $1,258,943Expenses 2024: $992,108Net Income 2024: $266,8352024

Highlighted filing

2024

Revenue$1,258,943
Expenses$992,108
Net Income$266,835
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,787,265
Liabilities
$3,478,911
Net assets
$2,308,354
Revenue
$1,258,943
Expenses
$992,108
Net income
$266,835
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.79$3.48$2.31$1.26$0.99$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.59$3.55$2.04$1.15$1.05$0.10
2022Detailed filing. Detailed filing data is available for this year.$5.56$3.62$1.94$1.12$0.94$0.18
2021Detailed filing. Detailed filing data is available for this year.$5.49$3.73$1.75$1.16$0.76$0.40
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$3.91$1.35$1.04$0.78$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.14$4.05$1.10$1.00$0.96$0.04
2018Detailed filing. Detailed filing data is available for this year.$5.20$4.14$1.05$0.82$1.15$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.63$4.25$1.38$0.86$0.83$0.03
2016Detailed filing. Detailed filing data is available for this year.$5.73$4.38$1.35$1.00$0.75$0.25
2015Detailed filing. Detailed filing data is available for this year.$5.61$4.51$1.10$1.00$0.79$0.21
2014Summary only. Only limited summary data is available for this year.$5.56$4.67$0.89$0.99$0.90$0.09
2013Summary only. Only limited summary data is available for this year.$5.49$4.69$0.80$0.92$0.91$0.02
2012Summary only. Only limited summary data is available for this year.$5.54$4.76$0.78$0.93$0.96$0.04
2011Summary only. Only limited summary data is available for this year.$5.65$4.82$0.82$0.90$0.95$0.05
2010Summary only. Only limited summary data is available for this year.$5.76$4.89$0.87$0.86$0.94$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.0
Gross Receipts
$1,258,943
Mission and Program Overview

Mission

Maintain cultural, civic, community service center in koreatown to serve koreatown -based community organizations

Maintain cultural, civic, community service center in koreatown to serve koreatown-based community organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,412,268$4,348,664▼ $63,604
Cash and Non-Interest-Bearing Accounts$1,172,377$1,431,166▲ $258,789
Accounts Receivable$7,435$7,435→ $0
Intangible Assets$667--
Total Assets$5,592,747$5,787,265▲ $194,518
Liabilities
Unsecured Notes Loans Payable$3,516,237$3,444,117▼ $72,120
Deferred Revenue$14,603$18,443▲ $3,840
Other Liabilities$20,388$16,351▼ $4,037
Total Liabilities$3,551,228$3,478,911▼ $72,317
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,041,519$2,308,354▲ $266,835
Total Net Assets Fund Balance$2,041,519$2,308,354▲ $266,835
Total Liabilities and Net Assets / Fund Balance$5,592,747$5,787,265▲ $194,518

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,447,304-$3,447,304
Buildings$901,360$1,579,183$2,480,543
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Paul KimPresident
Erin PakDirector
Joon BangDirector
Shinae YoonDirector
Connie Chung JoeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,188,972
Investment Income
$69,971
Other Revenue
$0
Change in Net Assets
$266,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$992,108
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
Interest$205,420--$205,420
Other Expenses$105,766--$105,766
All Other Expenses$97,753--$97,753
Depreciation Depletion$64,272--$64,272
Insurance$27,679--$27,679
Fees for Services Accounting$12,945--$12,945
Advertising$1,878--$1,878
Total Functional Expenses$992,108$0$0$992,108
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$16,351
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 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

Governance Explanations

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

“A copy of this form 990 has been provided to all board members through e- mail before the board meeting. After all questions answered and any corrections made, the board voted unanimously for submission.”

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

“Board members complete a conflict of interest disclosure form each year.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, financial statements, and form 990 available to the public whenevr there is reqeust from the public.”

Filing and Contact Details

Filer

Filer Name
Koreatown Organizations Association
EIN
95-4754419
Phone
2133831310
Address
3055 WILSHIRE BLVD SUITE 710, LOS ANGELES, CA 90010

Signing Officer

Name
Paul Kim
Title
President
Phone
2133831310
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Kim
Formed
1998
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
Kim & Lee Llp
Address
2207 W 190TH ST FL 2, TORRANCE, CA 90504
Preparer
James S Kim
Phone
2133876000
Raw XML Appendix335 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.

Path#Value
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IRS990/AdvertisingGrp/ProgramServicesAmt01878
IRS990/AdvertisingGrp/TotalAmt01878
IRS990/AllOtherExpensesGrp/ProgramServicesAmt097753
IRS990/AllOtherExpensesGrp/TotalAmt097753
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0PAUL KIM
IRS990/BooksInCareOfDetail/PhoneNum02133831310
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03727 W 6TH ST SUITE 408
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090020
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt01172377
IRS990/CashNonInterestBearingGrp/EOYAmt01431166
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
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IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt069971
IRS990/CYOtherExpensesAmt0992108
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01188972
IRS990/CYRevenuesLessExpensesAmt0266835
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0992108
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01258943
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt014603
IRS990/DeferredRevenueGrp/EOYAmt018443
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt064272
IRS990/DepreciationDepletionGrp/TotalAmt064272
IRS990/Desc0MAINTAIN A BUILDING FOR THE USE OF KOREATOWN-BASED COMMUNITY ORGANIZATIONS
IRS990/DescribedInSection501c3Ind0true
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IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0992108
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt012945
IRS990/FeesForServicesAccountingGrp/TotalAmt012945
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JOON BANG
IRS990/Form990PartVIISectionAGrp/PersonNm1CONNIE CHUNG JOE
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IRS990/Form990PartVIISectionAGrp/PersonNm4SHINAE YOON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01258943
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt027679
IRS990/InsuranceGrp/TotalAmt027679
IRS990/IntangibleAssetsGrp/BOYAmt0667
IRS990/InterestGrp/ProgramServicesAmt0205420
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt069971
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt069971
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02305531
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IRS990/LandBldgEquipCostOrOtherBssAmt06654195
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05620222
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IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.98420
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THIS FORM 990 HAS BEEN PROVIDED TO ALL BOARD MEMBERS THROUGH E- MAIL BEFORE THE BOARD MEETING. AFTER ALL QUESTIONS ANSWERED AND ANY CORRECTIONS MADE, THE BOARD VOTED UNANIMOUSLY FOR SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC WHENEVR THERE IS REQEUST FROM THE PUBLIC.
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ReturnHeader/ReturnTs02025-05-30T16:30:11-04:00
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