Laguna Woods Village Korean-American Club
- Assets
- $19.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laguna Woods, CA
- Founding
- 09/2011
- Data as of
- 12/2020
- EIN
- 45-2730521
Organization Overview
Laguna Woods Village Korean-American Club is located in Laguna Woods, CA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laguna Woods Village Korean-American Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Laguna Woods Village Korean-American Club generated $22.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $18.8k during the year ending 12/2020. While expenses have increased by 14.4% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO PROMOTE FELLOWSHIP AMONG MEMBERS THROUGH GREATER MEMBERCONGREGATION BY HOSTING PARTIES THROUGHOUT A YEAR
TO PROMOTE FELLOWSHIP AMONG MEMBERS THROUGH GREATER MEMBERCONGREGATION BY HOSTING PARTIES THROUGHOUT A YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson S Kwon Secretary | 10 | $0 | |
Inja Koo CFO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,854 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,340 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,114 |
| Other Revenue | $0 |
| Total Revenue | $22,308 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,802 |
| Total expenses | $18,802 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,593 |
| Other assets | $0 |
| Total assets | $19,593 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laguna Woods Village Korean-American Club has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Kim Yong Hwan Foundation Fulleton, CA PURPOSE: COMMUNITY CHARITY ASSISTANCE | $5,000 |
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