The Korean-American Family Service Center Inc
- Assets
- $5.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 91
- Location
- Flushing, NY
- Founding
- 02/1992
- Data as of
- 09/2021
- 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 09/2021, Korean-American Family Service Center Inc employed 91 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 09/2021, Korean-American Family Service Center Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.2m during the year ending 09/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
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 | $120,000 |
Michelle Lee Vice Chair | OfficerTrustee | 2 | $0 |
Esther Limb ESQ Board Chair | OfficerTrustee | 6 | $0 |
Lauren Uy Lee ESQ Secretary | OfficerTrustee | 2 | $0 |
Mark Kim Treasurer | OfficerTrustee | 2 | $0 |
Albert Park Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $512,631 |
| Related organizations | $0 |
| Government grants | $597,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $710,228 |
| Noncash contributions included in lines 1a–1f | $86,370 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,819,985 |
| Total Program Service Revenue | $1,300,875 |
| Investment income | $13,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,166,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,000 |
| Grants and other assistance to domestic individuals. | $36,880 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,961 |
| Compensation of current officers, directors, key employees. | $24,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,003,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,157 |
| Payroll taxes | $86,406 |
| Fees for services: Management | $117,633 |
| Fees for services: Legal | $475 |
| Fees for services: Accounting | $26,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,894 |
| Advertising and promotion | $20,766 |
| Office expenses | $143,423 |
| Information technology | $2,812 |
| Royalties | $0 |
| Occupancy | $253,236 |
| Travel | $14,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,578 |
| Interest | $1,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,811 |
| Insurance | $14,652 |
| All other expenses | $2,652 |
| Total functional expenses | $2,180,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $635,855 |
| Savings and temporary cash investments | $775,951 |
| Pledges and grants receivable | $641,218 |
| Accounts receivable, net | $1,523 |
| 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 | $81,538 |
| Net Land, buildings, and equipment | $581,004 |
| Investments—publicly traded securities | $712,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,659,714 |
| Total assets | $5,090,887 |
| Accounts payable and accrued expenses | $127,364 |
| 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 | $578,100 |
| Other liabilities | $14,875 |
| Total liabilities | $720,339 |
| Net assets without donor restrictions | $3,246,973 |
| Net assets with donor restrictions | $1,123,575 |
| 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 | $5,090,887 |
Grants Awarded
Over the last fiscal year, The Korean-American Family Service Center Inc has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Little Ferry, NJ PURPOSE: Family Services provided to Clients | $15,000 |
New York, NY PURPOSE: Legal Services provided to Clients | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Korean-American Family Service Center Inc has recieved totaling $287,417.
| Awarding Organization | Amount |
|---|---|
Korean-American Community Foundation Inc New York, NY PURPOSE: Pathways to Empowerment Proj. | $127,500 |
Dow Kim Family Foundation Corporation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
Hedge Funds Care Inc New York, NY PURPOSE: DECREASING RISKS | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,959 |
Queens Legal Services Corporation New York, NY PURPOSE: SOCIAL WORK/ADVOCACY | $14,908 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $11,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Women Against Abuse Inc Philadelphia, PA | $10,260,235 | $13,395,388 |
Providence House Inc Brooklyn, NY | $11,799,175 | $12,655,263 |
Center For The Elimination Of Violence In The Family In The Family Inc New York, NY | $9,460,119 | $8,697,198 |
Womens Center & Shelter Of Greater Pgh Pittsburgh, PA | $32,774,636 | $8,639,753 |
The Safe Center Li Inc Bethpage, NY | $2,855,738 | $7,306,002 |
Center For Victims Pittsburgh, PA | $2,521,265 | $7,580,631 |
180 Turning Lives Around Inc Hazlet, NJ | $11,915,660 | $7,452,519 |
Center For Safety & Change Inc New City, NY | $3,967,929 | $6,915,695 |
A Place For Us Atlantic County Womens Center Pleasantville, NJ | $2,036,616 | $6,421,609 |
New York Asian Womens Center Inc New York, NY | $8,928,323 | $11,674,247 |
Violence Intervention Program New York, NY | $4,083,768 | $6,193,892 |
Retreat Inc East Hampton, NY | $4,862,145 | $6,323,052 |