Korean American Community Of Anchorage Inc
- Assets
- $160.1k
- Revenue
- $214.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Anchorage, AK
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 27-2590854
Organization Overview
Korean American Community Of Anchorage Inc is located in Anchorage, AK. The organization was established in 2013. 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. Korean American Community Of Anchorage 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 12/2021, Korean American Community Of Anchorage Inc generated $214.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $140.8k during the year ending 12/2021. While expenses have increased by 3.3% 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
KACA PURSUES THE PROTECTION OF RIGHTS AND INTERESTS OF ITS MEMBERS, THEIR SOCIAL HARMONY, ITS CONSTRUCTIVE EVOLUTION, AND CULTURAL INTERCHANGE AND FRIENDSHIP ENHANCEMENT BETWEEN THE US AND KOREA AND WITHIN ALASKAN COMMUNITIES.
Describe the Organization's Program Activity:
EDUCATIONAL AND CULTURAL PROGRAMS: ORGANIZED VARIOUS COMMUNITY EVENTS TO FOSTER FRIENDSHIP AND EDUCATION ON KOREAN CULTURE BETWEEN KOREA AND ALASKA.
SMALL BUSINESS ASSISTANCE:PROVIDED BUSINESS SEMINARS TO LOCAL BUSINESS OWNERS; ASSISTED WITH BOOKKEEPING SYSTEMS, COMPLIANCE REQUIREMENTS, MANAGEMENT SKILLS AND MORE; CARRIED ON BUSINESS DIRECTORY PROJECT.
SCHOLARSHIP PROGRAM: PROVIDED SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS IN ANCHORAGE, AK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chun Park Vice President | OfficerTrustee | 0.5 | $0 |
Chuck Kim Treasurersecretary | OfficerTrustee | 20 | $0 |
Key Getty President | OfficerTrustee | 50 | $0 |
Chong Park Director | Trustee | 0.5 | $0 |
Jacica Kim Director | Trustee | 0.5 | $0 |
Su Chon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,030 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,817 |
| Total Program Service Revenue | $15,900 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,750 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $63,451 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,900 |
| Grants and other assistance to domestic individuals. | $14,000 |
| 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 | $20,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350 |
| Advertising and promotion | $4,750 |
| Office expenses | $4,227 |
| Information technology | $2,859 |
| Royalties | $0 |
| Occupancy | $41,433 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,199 |
| All other expenses | $0 |
| Total functional expenses | $140,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,013 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,102 |
| 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 | $140,000 |
| Total assets | $160,115 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $160,115 |
| 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 | $160,115 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Korean American Community Of Anchorage Inc has recieved totaling $36.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sealaska Heritage Institute Juneau, AK | $51,675,052 | $26,019,204 |
Alaska Native Heritage Center Inc Anchorage, AK | $24,030,131 | $11,226,871 |
Brothers For Life Seattle, WA | $4,440,367 | $6,321,338 |
Native Village Of Buckland Buckland Native Store Buckland, AK | $1,489,143 | $4,536,505 |
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 |
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 |
Indian American Community Services Bellevue, WA | $2,459,107 | $2,188,215 |
Kuac Friends Group Fairbanks, AK | $311,797 | $1,246,602 |