Seattle-Washington State Korean Association
- Assets
- $623.6k
- Revenue
- $75.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Tukwila, WA
- Founding
- 10/1974
- Data as of
- 12/2021
- EIN
- 23-7257765
Organization Overview
Seattle-Washington State Korean Association is located in Tukwila, WA. The organization was established in 1974. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle-Washington State Korean Association 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 12/2021, Seattle-Washington State Korean Association generated $75.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $78.8k during the year ending 12/2021. While expenses have increased by 2.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PERFORM CULTURAL, EDUCATIONAL AND CHARITABLE ACTIVITIES OF KOREAN COMMUNITIES IN THE STATE OF WASHINGTON.
Describe the Organization's Program Activity:
ARIRANG TRADITION KOREAN CULTURAL ACTIVITIES
SEAFAIR PARADE FOR KOREAN CULTURE PROMOTION IN AMERICAN CULTURE
KOREAN INDEPENDENCE DAY CEREMONY AND ETC.
ALL OTHER ACCOMPLISHMENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Baek Vice Preside | Officer | $0 | |
Susan Lee President | Officer | $0 | |
Sang Hun Park Vice Preside | Officer | $0 | |
Jong Hak Cha Vice Chairma | Trustee | $0 | |
Yun Sun Hong Executive Ad | Trustee | $0 | |
Kaye Kim Vice Chairwo | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,460 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,156 |
| Total Program Service Revenue | $6,480 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,292 |
| 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 | $75,348 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,098 |
| Advertising and promotion | $5,500 |
| Office expenses | $8,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,132 |
| Insurance | $0 |
| All other expenses | $5,068 |
| Total functional expenses | $78,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,578 |
| 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 | $542,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,576 |
| Accounts payable and accrued expenses | $0 |
| 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 | $100,000 |
| Other liabilities | $176,200 |
| Total liabilities | $276,200 |
| Net assets without donor restrictions | $347,376 |
| 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 | $623,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seattle-Washington State Korean Association has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Philanthropy Northwest Seattle, WA PURPOSE: WA EQUITY RELIEF FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Native Heritage Center Inc Anchorage, AK | $24,030,131 | $11,226,871 |
Brothers For Life Seattle, WA | $4,440,367 | $6,321,338 |
Apano Communities United Fund Portland, OR | $4,683,636 | $5,442,613 |
Native Village Of Buckland Buckland Native Store Buckland, AK | $1,489,143 | $4,536,505 |
Native Arts And Cultures Foundation Inc Portland, OR | $23,796,396 | $14,906,833 |
Native Village Of Point Lay 3ba Point Lay, AK | $314,221 | $2,728,082 |
Potlatch Fund Seattle, WA | $4,173,934 | $2,931,194 |
Robert Aqqaluk Newlin Sr Memorial Trust Kotzebue, AK | $37,919,726 | $3,778,616 |
Accion Politica Pcunista Woodburn, OR | $202,391 | $1,645,822 |
Native Village Of Shaktoolik Shaktoolik, AK | $586,834 | $1,643,365 |
Morris Thomspon Cultural & Visitors Center Fairbanks, AK | $17,042,813 | $971,715 |
Native Village Of Tununak A Section 17 Corporation Tununak, AK | $360,397 | $1,621,233 |