The Korean-American Family Service Center Inc
- Assets
- $8.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 94
- Location
- Flushing, NY
- Founding
- 02/1992
- Data as of
- 09/2023
- EIN
- 13-3609811
Organization Overview
The Korean-American Family Service Center Inc is located in Flushing, NY. The organization was established in 1992. According to its NTEE Classification (P43) the organization is classified as: Family Violence Shelters, under the broad grouping of Human Services and related organizations. As of 09/2023, Korean-American Family Service Center Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean-American Family Service Center 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 09/2023, Korean-American Family Service Center Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.1m during the year ending 09/2023. While expenses have increased by 5.6% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
KAFSC SUPPORTS AND EMPOWERS ADULTS, YOUTH AND CHILDREN IN THE NEW YORK TRI-STATE AREA TO LEAD SAFE AND HEALTHY LIVES BASED ON DIGNITY, COMPASSION AND MUTUAL RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAFSC OFFERS PROGRAMS TO STRENGTHEN COMMUNICATION AND PARENTING SKILLS, INCREASE ECONOMIC SELF-SUFFICIENCY, PROMOTE THE POSITIVE DEVELOPMENT OF CHILDREN AND YOUTH, AND PROVIDES COUNSELING, ADVOCACY AND EDUCATION IN A CULTURALLY AND LINGUISTICALLY APPROPRIATE SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeehae Fischer Executive Director | Officer | 40 | $150,097 |
Mi Jung You Deputy Director | Officer | 40 | $120,097 |
Esther Limb ESQ Board Chair | OfficerTrustee | 6 | $0 |
Michelle Lee Vice Chair | OfficerTrustee | 2 | $0 |
Lauren Uy Lee ESQ Secretary | OfficerTrustee | 2 | $0 |
Sk Ra Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $353,927 |
| Related organizations | $0 |
| Government grants | $748,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,337,190 |
| Noncash contributions included in lines 1a–1f | $54,619 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,439,582 |
| Total Program Service Revenue | $1,958,930 |
| Investment income | $58,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,588 |
| Net Income from Fundraising Events | -$39,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,424,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,000 |
| Compensation of current officers, directors, key employees. | $81,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,181,726 |
| Pension plan accruals and contributions | $17,673 |
| Other employee benefits | $153,109 |
| Payroll taxes | $118,992 |
| Fees for services: Management | $130,899 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,603 |
| Advertising and promotion | $209,004 |
| Office expenses | $194,311 |
| Information technology | $44,435 |
| Royalties | $0 |
| Occupancy | $402,110 |
| Travel | $68,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,689 |
| Insurance | $17,881 |
| All other expenses | $709 |
| Total functional expenses | $3,144,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,284,035 |
| Savings and temporary cash investments | $1,090,376 |
| Pledges and grants receivable | $856,750 |
| Accounts receivable, net | $7,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,150 |
| Prepaid expenses and deferred charges | $95,751 |
| Net Land, buildings, and equipment | $578,092 |
| Investments—publicly traded securities | $690,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,359,137 |
| Total assets | $7,962,981 |
| Accounts payable and accrued expenses | $231,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $612,880 |
| Total liabilities | $844,074 |
| Net assets without donor restrictions | $5,350,317 |
| Net assets with donor restrictions | $1,768,590 |
| 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 | $7,962,981 |
Grants Awarded
Over the last fiscal year, The Korean-American Family Service Center Inc has awarded $19,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HER JUSTICE INC PURPOSE: Legal Services provided to Clients | $9,000 |
FAMILY TOUCH INC PURPOSE: Family Services provided to Clients | $10,000 |