Korean American Civic Empowerment For Community Inc
- Assets
- $218.3k
- Revenue
- $397.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Flushing, NY
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-3987662
Organization Overview
Korean American Civic Empowerment For Community Inc is located in Flushing, NY. The organization was established in 2007. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Korean American Civic Empowerment For Community Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Civic Empowerment For Community 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, Korean American Civic Empowerment For Community Inc generated $397.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $341.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KACE'S MISSION IS TO EMPOWER THE KOREAN AMERICAN COMMUNITY BY PROMOTING CIVIC PARTICIPATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BECOMING RESPECTED AMERICAN CITIZENS 8080 CAMPAIGN - THIS YEAR-ROUND CAMPAIGN IS DEDICATED TO INCREASING VOTER REGISTRATION RATES AND VOTER TURNOUT RATES OF KOREAN AMERICANS TO 80%. CANDIDATE FORUMS - KACE HOSTS NON-PARTISAN CANDIDATES FORUMS TO HELP COMMUNITY MEMBERS TO MAKE AN EDUCATED DECISION IN THE ELECTION. GET OUT THE VOTE - KACE GET OUT THE VOTE CAMPAIGN AIMS TO MOBILIZE THE KOREAN AMERICAN VOTERS TO INCREASE VOTER TURNOUTS. VOTER DATA ANALYSIS - KACE HAS CONDUCTED A YEARLY ANALYSIS OF NEW YORK AND NEW JERSEY VOTER DATA. KACE IS THE ONLY ORGANIZATION THAT OFFERS ANNUAL PUBLICATION OF VOTER DATA.
EMPOWERING OUR COMMUNITY KACE LEGAL TASK FORCE - THE KACE LEGAL TASK FORCE WAS ESTABLISHED IN FEBRUARY 2017 AND HAVE BEEN WORKING TIRELESSLY ON BEHALF OF THE KOREAN IMMIGRATION COMMUNITY BY PROVIDING WORKSHOPS, SEMINARS, MEDIA PRESENTATIONS, PUBLICATIONS AND MOBILIZING KOREAN AMERICAN CHURCHES. CIVIC ACADEMY - IN COLLABORATION WITH COMMUNITY ORGANIZATIONS, KACE OFFERS COMMUNITY EDUCATION PROGRAMS ON THE SOCIAL BENEFIT PROGRAMS. TOWN HALL MEETING - KACE HOSTS A SERIES OF TOWN HALL MEETINGS, WHERE ELECTED POLITICIANS MEET THEIR CONSTIUTES, DISCUSS AND COME UP WITH SOLUTIONS TO LOCAL ISSUES.
TRAINING NEXT GENERATION TO BECOME PROUD COMMUNITY LEADERS: 2021 GRASSROOTS INTERNSHIP PROGRAM - THE INTERNSHIP WORKSHOP INCLUDES KOREAN AMERICAN IDENTITY, ASIAN AMERICAN IMMIGRATION HISTORY, FEDERAL/STATE/LOCAL GOVERNMENT SYSTEM, VOTER REGISTRATION STUDY, GRASSROOTS ACTIVISM STUDY, AND A WIDER VARIETY OF TOPICS. INTERNS WILL REQUIRE HANDS-ON EXPERIENCES AND KNOWLEDGE TO UNDERSTAND THE SOCIETY AND FIGURE OUT THEIR OWN CONTRIBUTION TO MAKE FOR THE COMMUNITY. YOUNG LEADERSHIP DEVELOPMENT - TO BRIDGE THE GAP BETWEEN THE GENERATIONS IN THE COMMUNITY, KACE IS RELENTLESSLY WORKING TO CULTIVATE LEADERSHIP GROUPS IN THE REGION. THE LEADERSHIP DEVELOPMENT OF YOUNG KOREAN AMERICAN IS A KEY COMPONENT OF THE EFFORT TO BUILD THE SUSTAINABLE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dong Chan Kim President | Officer | 40 | $65,000 |
Choi Young Soo Director | Trustee | $0 | |
Kim Dohyung Chairman | Trustee | $0 | |
Chang Judy Director | Trustee | $0 | |
Esther G Lee Director | Trustee | $0 | |
Kim Jong Hyung Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,008 |
| Government grants | $47,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,139 |
| 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 | $174,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $57,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| 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 | $46,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,098 |
| All other expenses | $7,198 |
| Total functional expenses | $341,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $218,321 |
| Accounts payable and accrued expenses | $3,513 |
| 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 | $0 |
| Total liabilities | $3,513 |
| Net assets without donor restrictions | $214,808 |
| Net assets with donor restrictions | $0 |
| 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 | $218,321 |