Council Of Korean Americans Inc
- Assets
- $1.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 09/2011
- Data as of
- 03/2023
- EIN
- 27-3496925
Organization Overview
Council Of Korean Americans Inc is located in Washington, DC. The organization was established in 2011. 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. As of 03/2022, Council Of Korean Americans Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Korean Americans 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 03/2023, Council Of Korean Americans Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.5m during the year ending 03/2023. While expenses have increased by 23.9% 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.
Since 2018, Council Of Korean Americans Inc has awarded 12 individual grants totaling $177,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE NATIONAL VOICE AND INFLUENCE OF THE KOREAN AMERICAN COMMUNITY THROUGH COLLABORATION AND LEADERSHIP DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT AND MENTORING: PROGRAMS AND ACTIVITIES SUPPORTING THE DEVELOPMENT OF FUTURE KOREAN AMERICAN LEADERS THROUGH SCHOLARSHIPS, INTERNSHIPS, EDUCATION, AND MENTORING, AND THE NATIONAL LEADERSHIP CONFERENCE EXPLORING KOREAN AMERICAN ISSUES, CULTURE, IMPACT AND IDENTITY.
LEADERSHIP DEVELOPMENT AND MENTORING: PROGRAMS AND ACTIVITIES SUPPORTING THEDEVELOPMENT OF FUTURE KOREAN AMERICAN LEADERS THROUGH SCHOLARSHIPS, INTERNSHIPS, EDUCATION, AND MENTORING, AND THE NATIONAL LEADERSHIP CONFERENCE EXPLORING KOREAN AMERICAN ISSUES, CULTURE, IMPACT AND IDENTITY.
MEMBERSHIP: PROGRAMS AND ACTIVITIES DESIGNED TO GROW THE MEMBERSHIP OF THE COUNCIL AND TO DEEPEN THE ENGAGEMENT OF MEMBERS IN THE COUNCIL'S MISSION. SINCE 2011, CKA HAS BEEN BUILDING A MOVEMENT. WE BEGAN AS AN ALL-VOLUNTEER GROUP OF KOREAN AMERICAN LEADERS IN SF, DC, AND LA WHO WANTED TO BUILD A NATIONAL ORGANIZATION TO STRENGTHEN THE VOICE, VISIBILITY, AND INFLUENCE OF OUR COMMUNITY. TODAY, CKA HAS FOUR FULL-TIME STAFF, 15 BOARD MEMBERS, 230+ MEMBERS, AND A GLOBAL NETWORK OF PARTNER ORGANIZATIONS AND SUPPORTERS.
MEMBERSHIP: PROGRAMS AND ACTIVITIES DESIGNED TO GROW THE MEMBERSHIP OF THE COUNCIL AND TO DEEPEN THE ENGAGEMENT OF MEMBERS IN THE COUNCIL'S MISSION. SINCE 2011, CKA HAS BEEN BUILDING A MOVEMENT. WE BEGAN AS AN ALL-VOLUNTEER GROUP OF KOREAN AMERICAN LEADERS IN SF, DC, AND LA WHO WANTED TO BUILD A NATIONAL ORGANIZATION TO STRENGTHEN THE VOICE, VISIBILITY, AND INFLUENCE OF OUR COMMUNITY. TODAY, CKA HAS FOUR FULL-TIME STAFF, 15 BOARD MEMBERS, 230+ MEMBERS, AND A GLOBAL NETWORK OF PARTNER ORGANIZATIONS AND SUPPORTERS.
VOICE AND ADVOCACY: PROGRAMS AND ACTIVITIES THAT PROMOTE CIVIC ENGAGEMENT OF KOREAN AMERICANS AND ADVANCE OUR ADVOCACY POSITIONS ON ISSUES, INCLUDING, FOR EXAMPLE, NORTH KOREA, CIVIL RIGHTS, RACE RELATIONS. CKA IS THE LEADING INDEPENDENT, NONPARTISAN, NATIONAL LEADERSHIP ORGANIZATION FOR KOREAN AMERICANS. WE ARE DEDICATED TO CONNECTING, INSPIRING, AND EQUIPPING MULTI-GENERATIONAL LEADERS FOR GREATER INFLUENCE AND IMPACT. WE ALSO BUILD COALITIONS ACROSS RACIAL AND ETHNIC GROUPS SO THAT KOREAN AMERICANS CAN HAVE A BROADER IMPACT. AS KOREAN AMERICANS, WE UNDERSTAND WHAT IT MEANS TO RISE ABOVE CHALLENGES AND DEAL WITH ADVERSITY.
VOICE AND ADVOCACY: PROGRAMS AND ACTIVITIES THAT PROMOTE CIVIC ENGAGEMENT OF KOREAN AMERICANS AND ADVANCE OUR ADVOCACY POSITIONS ON ISSUES, INCLUDING, FOR EXAMPLE, NORTH KOREA, CIVIL RIGHTS, RACE RELATIONS. CKA IS THE LEADING INDEPENDENT, NONPARTISAN, NATIONAL LEADERSHIP ORGANIZATION FOR KOREAN AMERICANS. WE ARE DEDICATED TO CONNECTING, INSPIRING, AND EQUIPPING MULTI-GENERATIONAL LEADERS FOR GREATER INFLUENCE AND IMPACT. WE ALSO BUILD COALITIONS ACROSS RACIAL AND ETHNIC GROUPS SO THAT KOREAN AMERICANS CAN HAVE A BROADER IMPACT. AS KOREAN AMERICANS, WE UNDERSTAND WHAT IT MEANS TO RISE ABOVE CHALLENGES AND DEAL WITH ADVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Rhyu Vice Chair | OfficerTrustee | 1 | $0 |
Peter Huh Treasurer | OfficerTrustee | 1 | $0 |
Suzanne Kim Doud Galli Director | Trustee | 1 | $0 |
Susan Kim Director | OfficerTrustee | 1 | $0 |
Salle Yoo Director | Trustee | 1 | $0 |
Charles Yoon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $196,740 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $990,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,187,337 |
| Total Program Service Revenue | $796,898 |
| Investment income | $8,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$326,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,693,164 |
| 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. | $247,065 |
| Compensation of current officers, directors, key employees. | $1,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,272 |
| Pension plan accruals and contributions | $386 |
| Other employee benefits | $119,451 |
| Payroll taxes | $16,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,054 |
| Advertising and promotion | $13,851 |
| Office expenses | $52,623 |
| Information technology | $22,394 |
| Royalties | $0 |
| Occupancy | $20,799 |
| Travel | $147,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $281,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,366 |
| All other expenses | $34,928 |
| Total functional expenses | $1,499,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,037 |
| Savings and temporary cash investments | $1,200,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,281 |
| 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 | $28,792 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,275 |
| Total assets | $1,336,176 |
| Accounts payable and accrued expenses | $79,589 |
| Grants payable | $0 |
| Deferred revenue | $3,656 |
| 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 | $144,231 |
| Other liabilities | $136,539 |
| Total liabilities | $219,784 |
| Net assets without donor restrictions | $976,936 |
| Net assets with donor restrictions | $139,456 |
| 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 | $1,336,176 |
Grants Awarded
Over the last fiscal year, Council Of Korean Americans Inc has awarded $132,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KOREAN AMERICAN COMMUNITY SERVICES SILICON VALLEY PURPOSE: COVID-19 RELIEF GRANT TO KOREAN AMERICAN COMMUNITY SERVICES, SILICON VALLEY | $25,000 |
KOREAN AMERICAN FAMILY SERVICES - LOS ANGELES PURPOSE: COVID-19 RELIEF GRANT TO KOREAN AMERICAN FAMILY SERVICES - LOS ANGELES | $25,000 |
KOREAN COMMUNITY SERVICE CENTER OF GREATER WASHINGTON INC PURPOSE: COVID-19 RELIEF GRANT TO KOREAN COMMUNITY SERVICE CENTER OF GREATER WASHINGTON | $22,000 |
LITTLE LIGHTS URBAN MINISTRIES PURPOSE: CONTRIBUTION/SUPPORT TO LITTLE LIGHTS URBAN MINISTRIES- EMBRACE UNITY | $10,000 |
KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK PURPOSE: COVID-19 RELIEF GRANT TO KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK | $25,000 |
THE KOREAN AMERICAN ASSOCIATION OF GREATER ATLANTA PURPOSE: COVID-19 RELIEF GRANT TO THE KOREAN AMERICAN ASSOCIATION OF GREATER ATLANTA | $25,000 |