The Korean American Federation Of Orange County
- Assets
- $40.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garden Grove, CA
- Founding
- 02/1997
- Data as of
- 06/2024
- EIN
- 33-0740149
Organization Overview
The Korean American Federation Of Orange County is located in Garden Grove, CA. The organization was established in 1997. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Federation Of Orange County 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 06/2024, Korean American Federation Of Orange County generated $181.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $224.5k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE AND THE PUBLIC BENEFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO OTHER CHARITIES
CONSULAR SUPPORTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bong Cho President | Officer | 30 | $0 |
John No Secretary | Officer | 30 | $0 |
Peter Yun CFO | Officer | 10 | $0 |
James Bong Cho President | 30 | $0 | |
John No Secretary | 30 | $0 | |
Peter Yun CFO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,438 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,900 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $181,338 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $198,505 |
| Total expenses | $224,505 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,136 |
| Other assets | $0 |
| Total assets | $40,136 |
| Total liabilities | $83,303 |
| Net assets or fund balances | -$43,167 |