Il Shim Senior Association is located in Garden Grove, CA. The organization was established in 2000. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. IL Shim Senior 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 12/2020, IL Shim Senior Association generated $126.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $237.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HELP ELDERS FINANCIALLY WHEN THEY ARE ILL
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY RELIEF ACTIVITIES > AIDING MEMBERS OR THEIR FAMILIES IN CASE OF DEATH OR ILLESS
RECREATIONAL ACTIVITIES > PROVIDING FOOD AND DRINKS
OTHER PROGRAM: EDUCATIONAL ACTIVITIES > EDUCATING ELDERS WITH BOOKS, VIDEOS, AND GAMES
EMERGENCY RELIEF ACTIVITIES > AIDING MEMBERS OR THEIR FAMILIES IN CASE OF DEATH OR ILLESS
RECREATIONAL ACTIVITIES > PROVIDING FOOD AND DRINKS
OTHER PROGRAM: EDUCATIONAL ACTIVITIES > EDUCATING ELDERS WITH BOOKS, VIDEOS, AND GAMES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jean H Shin C.f.o., Secretary | Officer | 20 | $0 |
Sang D Hyun President | Officer | 20 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $26,130 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $99,416 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $125,546 |
Total Program Service Revenue | $0 |
Investment income | $587 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $126,133 |
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 | $1,190 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $25,702 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $5,387 |
Conferences, conventions, and meetings | $0 |
Interest | $17,358 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,982 |
Insurance | $530 |
All other expenses | $177,020 |
Total functional expenses | $237,262 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $92,454 |
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 | $554,160 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $646,614 |
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 | $246,808 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $246,808 |
Net assets without donor restrictions | $399,806 |
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 | $646,614 |
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