Korean Community Services Of Metropolitan New York Inc
- Assets
- $13.4m
- Revenue
- $7.5m
- Investments
- $38.9k
- Employees
- 149
- Location
- Bayside, NY
- Founding
- 07/1974
- Data as of
- 06/2021
- EIN
- 23-7348989
Organization Overview
Korean Community Services Of Metropolitan New York Inc is located in Bayside, NY. The organization was established in 1974. 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 06/2021, Korean Community Services Of Metropolitan New York Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Community Services Of Metropolitan New York 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 06/2021, Korean Community Services Of Metropolitan New York Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $6.3m during the year ending 06/2021. While expenses have increased by 9.3% 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.
Since 2016, Korean Community Services Of Metropolitan New York Inc has awarded 25 individual grants totaling $996,819. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ASSIST MEMBERS OF THE KOREAN COMMUNITY TO BE HEALTHY AND PRODUCTIVE INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGING PROGRAMS:KCS PROVIDES VARIOUS ASSISTANCE TO ROUGHLY 600 SENIORS DAILY THROUGH ITS TWO SENIOR CENTERS, ADULT DAY CARE CENTER, SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM, AND HOMEBOUND MEALS-ON-WHEELS PROGRAM. THE GOAL OF THESE PROGRAMS IS TO ENSURE THAT SENIORS ARE ABLE TO AGE WITH DIGNITY AND IN THE COMMUNITY WHERE THEY FEEL THE MOST COMFORTABLE. WE ACHIEVE THIS BY PROVIDING CONGREGATE MEALS, EDUCATION AND RECREATION, CASE ASSISTANCE AND REFERRALS, FRIENDLY VISITS, TELEPHONE ASSURANCE SERVICES, JOB TRAINING AND EMPLOYMENT.
PUBLIC HEALTH AND RESEARCH CENTER:THROUGH OUR PUBLIC HEALTH PROGRAMS, KCS PROMOTES HEALTHY EATING AND LIVING ALONG WITH PREVENTIVE MEDICAL CARE THROUGH ITS FREE HEALTH SCREENINGS AND RESEARCH PROJECTS. KCS HAS PARTNERSHIPS WITH VARIOUS FOUNDATIONS, ACADEMIC INSTITUTIONS AND MEDICAL SERVICE PROVIDERS TO ENSURE THAT THE CHRONIC HEALTH NEEDS OF OUR COMMUNITY ARE REFLECTED IN RESEARCH AND DATA COLLECTION, IN ADDITION TO PROVIDING FREE MEDICAL SERVICES FOR OUR COMMUNITY (WORDING SAME AS PRIOR YEAR).
EDUCATION:THROUGH OUR ADULT LITERACY PROGRAM, SUMMER YOUTH COMMUNITY ACTION PROJECT, CIVIC ENGAGEMENT PROGRAM, WE HOPE TO EMPOWER OUR COMMUNITY BY GIVING THEM THE NECESSARY TOOLS TO BECOME MORE SELF-SUFFICIENT AND ACTIVE MEMBERS IN THE COMMUNITY.
OTHER PROGRAMS: MENTAL HEALTH CLINIC, RESOURCE NAVIGATOR, WORKFORCE DEVELOPMENT, AND ADULT DAYCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Lee President & CEO | Officer | 40 | $91,804 |
Chris Chung Chairperson | OfficerTrustee | 1 | $0 |
Danny Kim Treasurer | OfficerTrustee | 1 | $0 |
Kiwon K Shin Secretary | OfficerTrustee | 1 | $0 |
Anne Hyun Jin Kim Director | Trustee | 1 | $0 |
Daniel Kim Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncheng Llp Acct/fiscal Adviser | 6/29/17 | $251,089 |
Orsyn Abstracts Title Insurance | 6/29/17 | $165,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $273,430 |
| Related organizations | $0 |
| Government grants | $2,725,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,938,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,936,963 |
| Total Program Service Revenue | $1,375,252 |
| Investment income | $4,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,709 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $129,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,508,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,378 |
| Grants and other assistance to domestic individuals. | $51,367 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,091 |
| Compensation of current officers, directors, key employees. | $8,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,224,017 |
| Pension plan accruals and contributions | $17,709 |
| Other employee benefits | $253,851 |
| Payroll taxes | $244,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $259,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,717 |
| Fees for services: Other | $123,287 |
| Advertising and promotion | $51,888 |
| Office expenses | $132,916 |
| Information technology | $20,195 |
| Royalties | $0 |
| Occupancy | $363,861 |
| Travel | $15,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,593 |
| Interest | $167,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,984 |
| Insurance | $38,482 |
| All other expenses | $72,060 |
| Total functional expenses | $6,316,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,891,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,207,868 |
| Accounts receivable, net | $233,276 |
| 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 | $64,339 |
| Net Land, buildings, and equipment | $8,354,425 |
| Investments—publicly traded securities | $608,414 |
| Investments—other securities | $38,925 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,398,422 |
| Accounts payable and accrued expenses | $693,525 |
| Grants payable | $0 |
| Deferred revenue | $198,947 |
| 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 | $4,773,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,665,759 |
| Net assets without donor restrictions | $6,605,070 |
| Net assets with donor restrictions | $1,127,593 |
| 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 | $13,398,422 |
Grants Awarded
Over the last fiscal year, Korean Community Services Of Metropolitan New York Inc has awarded $44,062 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Flushing, NY PURPOSE: SUBCONTRACTOR | $17,027 |
Flushing, NY PURPOSE: SUBCONTRACTOR | $10,500 |
Flushing, NY PURPOSE: SUBCONTRACTOR | $8,868 |
Jackson Heights, NY PURPOSE: SUBCONTRACTOR | $7,667 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Korean Community Services Of Metropolitan New York Inc has recieved totaling $362,594.
| Awarding Organization | Amount |
|---|---|
Community Service Society Of New York New York, NY PURPOSE: DIRECT SERVICE | $91,854 |
Korean-American Community Foundation Inc New York, NY PURPOSE: Invest in Safety Equip for Clients Staff | $62,500 |
United Neighborhood Houses Of New York Inc New York, NY PURPOSE: Program support | $59,831 |
Amazin Mets Foundation Inc Flushing, NY PURPOSE: COMMUNITY SUPPORT | $50,000 |
Asian & Pacific Islander American Health Forum Oakland, CA PURPOSE: HEALTH EDUCATION | $34,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $31,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Chinese-American Association Inc Brooklyn, NY | $16,442,074 | $13,631,534 |
Nationalities Service Center Of Philadelphia Philadelphia, PA | $6,008,905 | $13,342,474 |
Junta De Accion Puertorriquena Inc Puerto Rican Action Board Inc New Brunswick, NJ | $2,505,820 | $11,202,004 |
Lch Health And Community Services Kennett Square, PA | $6,724,367 | $8,909,074 |
Mid-Island Y Jewish Community Center Inc Plainview, NY | $9,808,281 | $10,961,733 |
Puerto Rican Org For Community Educational & Economic Development Elizabeth, NJ | $11,237,037 | $9,797,068 |
Rian Immigrant Center Inc Boston, MA | $3,539,791 | $6,977,812 |
Chinese Christian Herald Crusades Inc Flushing, NY | $34,224,401 | $8,882,723 |
Korean Community Services Of Metropolitan New York Inc Bayside, NY | $13,398,422 | $7,508,888 |
Hias And Council Migration Service Of Philadelphia Inc Philadelphia, PA | $6,751,198 | $6,830,316 |
Haitian Americans United For Progress Hollis, NY | $605,051 | $5,406,105 |
Connecticut Institute For Refugees And Immigrants Inc Bridgeport, CT | $3,814,184 | $6,185,902 |