Minkwon Center For Community Action Inc
- Assets
- $4.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Flushing, NY
- Founding
- 07/1988
- Data as of
- 12/2022
- EIN
- 11-2710506
Organization Overview
Minkwon Center For Community Action Inc is located in Flushing, NY. The organization was established in 1988. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Minkwon Center For Community Action Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minkwon Center For Community Action Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Minkwon Center For Community Action Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Minkwon Center For Community Action Inc has awarded 85 individual grants totaling $1,105,810. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMPANY'S MISSION IS EMPOWERING THE KOREAN AMERICAN COMMUNITY, AND WIDER ASIAN AMERICAN AND IMMIGRANT COMMUNITIES, TO ACHIEVE ECONOMIC AND SOCIAL JUSTICE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY & COMMUNITY ORGANIZING - REPRESENTS COMMUNITY NEEDS ON THE FEDERAL ,STATE AND LOCAL LEVELS OF GOVERNMENT AND PROVIDES OUR COMMUNITY THE PLATFORM TO ENGAGE IN GRASSROOTS ORGANIZING AND ACTIVISM.
YOUTH EMPOWERMENT & CULTURE -PROVIDES ASIAN-AMERICAN HIGH SCHOOL YOUTH THE OPPORTUNITY TO LEARN NEW SKILLS OUTSIDE OF AN ACADEMIC SETTING THROUGH EDUCATION , SERVICE AND INTERPERSONAL DEVELOPMENT/TEAM-BUILDING. TO PERFORM POONGMUL, AN ENSEMBLE OF TRADITIONAL KOREAN PERCUSSION INSTRUMENTS REPRESENTING VARIOUS ELEMENTS OF THE UNIVERSE.
ADVOCACY & COMMUNITY ORGANIZING - REPRESENTS COMMUNITY NEEDS ON THE FEDERAL ,STATE AND LOCAL LEVELS OF GOVERNMENT AND PROVIDES OUR COMMUNITY THE PLATFORM TO ENGAGE IN GRASSROOTS ORGANIZING AND ACTIVISM.
YOUTH EMPOWERMENT & CULTURE -PROVIDES ASIAN-AMERICAN HIGH SCHOOL YOUTH THE OPPORTUNITY TO LEARN NEW SKILLS OUTSIDE OF AN ACADEMIC SETTING THROUGH EDUCATION , SERVICE AND INTERPERSONAL DEVELOPMENT/TEAM-BUILDING. TO PERFORM POONGMUL, AN ENSEMBLE OF TRADITIONAL KOREAN PERCUSSION INSTRUMENTS REPRESENTING VARIOUS ELEMENTS OF THE UNIVERSE.
SOCIAL & LEGAL SERVICES - OFFERS A COMPREHENSIVE RANGE OF FREE SOCIAL AND LEGAL SERVICES TO MORE THAN 8,000 LOW-INCOME COMMUNITY MEMBERS, MOSTLY ARE LIMITED ENGLISH PROFICIENT IMMIGRANTS WHO HAVE DIFFICULTY GAINING POTENTIAL AVAILABLE RESOURCES.
SOCIAL & LEGAL SERVICES - OFFERS A COMPREHENSIVE RANGE OF FREE SOCIAL AND LEGAL SERVICES TO MORE THAN 8,000 LOW-INCOME COMMUNITY MEMBERS, MOSTLY ARE LIMITED ENGLISH PROFICIENT IMMIGRANTS WHO HAVE DIFFICULTY GAINING POTENTIAL AVAILABLE RESOURCES.
CIVIC PARTICIPATION - LEAD THE APA VOICE (VOTING AND ORGANIZING FOR INCREASED CIVIC ENGAGEMENT) - A EIGHTEEN-MEMBER COLLABORATIVE DEDICATED TO DEMONSTRATING BOTH THE POWER AND NEEDS OF THE ASIAN-AMERICAN IMMIGRANT POPULATION THROUGH VOTER TURNOUT AND EDUCATION.
CIVIC PARTICIPATION - LEAD THE APA VOICE (VOTING AND ORGANIZING FOR INCREASED CIVIC ENGAGEMENT) - A EIGHTEEN-MEMBER COLLABORATIVE DEDICATED TO DEMONSTRATING BOTH THE POWER AND NEEDS OF THE ASIAN-AMERICAN IMMIGRANT POPULATION THROUGH VOTER TURNOUT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yu Soung Mun Director/president | OfficerTrustee | 1 | $0 |
Lina Lee Director/vice President | OfficerTrustee | 1 | $0 |
Jennifer Heejin Kim Director | Trustee | 1 | $0 |
Mee Eun Chang Director | Trustee | 1 | $0 |
Byung Ho Kang Director | Trustee | 1 | $0 |
Sussan Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,628 |
| Related organizations | $0 |
| Government grants | $1,477,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,620,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,142,786 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,142,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,798 |
| Grants and other assistance to domestic individuals. | $16,719 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,223 |
| Compensation of current officers, directors, key employees. | $2,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,123,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,968 |
| Payroll taxes | $91,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,322 |
| Royalties | $0 |
| Occupancy | $132,915 |
| Travel | $18,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,017 |
| Insurance | $12,597 |
| All other expenses | $589,998 |
| Total functional expenses | $2,502,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,882,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $990,769 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,361 |
| Net Land, buildings, and equipment | $72,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $342,594 |
| Other assets | $11,108 |
| Total assets | $4,333,835 |
| Accounts payable and accrued expenses | $248,554 |
| Grants payable | $0 |
| Deferred revenue | $908,464 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $371,809 |
| Total liabilities | $1,528,827 |
| Net assets without donor restrictions | $1,858,935 |
| Net assets with donor restrictions | $946,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,333,835 |
Grants Awarded
Over the last fiscal year, Minkwon Center For Community Action Inc has awarded $228,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
KOREAN COMMINITY SOLUTIONS OF METROPOLITAN NY PURPOSE: COALITION | $7,000 |
GREATER FLUSHING CHAMBER OF COMMERCE INC PURPOSE: COALITION | $35,000 |
SOUTH ASIAN COUNCIL FOR SOCIAL SERVICES INC PURPOSE: COALITION | $11,500 |
WOODSIDE ON THE MOVE INC PURPOSE: COALITION | $9,500 |
CARRIBEAN EQUALITY PROJECT INC PURPOSE: COALITION | $11,500 |
CHINESE PROGRESSIVE ASSOCIATION PURPOSE: COALITION | $9,000 |