Korean Service Center Inc

Organization Overview

Korean Service Center Inc is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Korean Service Center Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Service Center 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 Service Center Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE KOREAN SERVICE CENTER IS DEDICATED TO PROVIDE NEEDED RESOURCES AND SERVICES TO VULNERABLE KOREANS AND OTHER IMMIGRANT-AMERICANS WHILE STRIVING TO PROMOTE THEIR RICH CULTURAL HERITAGE FOR ALL INTEREST PEOPLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE KOREAN SERVICE CENTER PROVIDES A VARIETY OF SOCIAL SERVICES FOR KOREAN AND OTHER IMMIGRANTS IN MINNESOTA. THE SERVICES INCLUDE SPECIAL ACCESS, ASSISTED LIVING, TRANSPORTATION SERVICES, CAREGIVER SUPPORT SERVICES FOR THE ELDERLY, SENIOR SCHOOL AND THE FAMILY ENRICHMENT PROGRAM FOR FAMILIES AND INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Kwangja Kwon
Executive Director
$76,936
Dennis K Kim
Chairman
$0
Hee Yun Lee
Treasurer
$0
Jung Sangyeoul
Board Member
$0
Sungsook Kim
Board Member
$0
Hyunwon Shin
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$289
Related organizations$0
Government grants $714,800
All other contributions, gifts, grants, and similar amounts not included above$70,459
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$785,548
Total Program Service Revenue$1,143,851
Investment income $127
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 $1,929,526

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Korean Service Center Inc has recieved totaling $307,852.

Awarding OrganizationAmount
Metropolitan Area Agency On Aging Inc

Arden Hills, MN

PURPOSE: Supportive, Caregiver & Health Promotion Services (Titles IIIB, IIIE & IIID OAA)

$172,642
The Karen Organization Of Minnesota

Roseville, MN

PURPOSE: TO AID IN COMPLETING UNINTENTIONAL INJURY & VIOLENCE PREVENTION ACTIVITIES

$55,367
North Country Food Alliance

Minneapolis, MN

PURPOSE: Donations for distribution through their kitchen program.

$49,774
Otto Bremer Trust

St Paul, MN

PURPOSE: KOREAN COMMUNITY DEMENTIA CARE

$25,000
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$5,069
View Grant Recipient Profile

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