Korean Center Incorporated
- Assets
- $687.4k
- Revenue
- $429.4k
- Investments
- $0.0
- Employees
- 15
- Location
- San Francisco, CA
- Founding
- 12/1975
- Data as of
- 06/2021
- EIN
- 51-0173831
Organization Overview
Korean Center Incorporated is located in San Francisco, CA. The organization was established in 1975. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Korean Center Incorporated employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Center Incorporated 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 06/2021, Korean Center Incorporated generated $429.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $426.6k during the year ending 06/2021. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KCI PROVIDES EDUCATIONAL, CULTURAL AND SOCIAL SERVICES TO THE ELDERLY, CHILDREN, NEW IMMIGRANTS, UNEMPLOYED, AND OTHERS SEEKING SERVICES AND PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFICE ON AGING: PROVIDE WELFARE AND EDUCATION FOR ELDERLY PERSONS, UNEMPLOYED ADULTS AND NEWLY IMMIGRATED PERSONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Kim Director | Trustee | 0 | $0 |
Christy Ahn Director | Trustee | 0 | $0 |
Sedique Popal Director | Trustee | 0 | $0 |
Chaiyeon Lee Director | Trustee | 0 | $0 |
Kiyoung Nam Director | Trustee | 0 | $0 |
Brad Williams Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,711 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,500 |
| 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 | $429,416 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $221,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,840 |
| Payroll taxes | $22,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,201 |
| Advertising and promotion | $1,448 |
| Office expenses | $756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,740 |
| Insurance | $9,459 |
| All other expenses | $0 |
| Total functional expenses | $426,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,115 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,049 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $388 |
| Total assets | $687,408 |
| Accounts payable and accrued expenses | $2,593 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $45,318 |
| Other liabilities | $21,641 |
| Total liabilities | $69,552 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $617,856 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Korean Center Incorporated has recieved totaling $10,102.
| Awarding Organization | Amount |
|---|---|
Chong-Moon Lee Foundation Mountain View, CA PURPOSE: ARTS & CULTURE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Child Development Coalition Inc Wilsonville, OR | $28,783,372 | $65,489,891 |
Lafrontera Center Inc Tucson, AZ | $29,946,918 | $41,083,974 |
Jewish Family Service Of San Diego San Diego, CA | $73,669,402 | $44,946,146 |
Irco Portland, OR | $15,349,691 | $38,248,192 |
Immigrant Legal Resource Center San Francisco, CA | $41,145,285 | $25,991,729 |
Latino Network Portland, OR | $14,141,237 | $24,219,823 |
International Institute Of Los Angeles Los Angeles, CA | $9,181,850 | $14,413,283 |
United American Indian Involvement Los Angeles, CA | $19,669,304 | $14,688,054 |
Koreatown Youth And Community Center Inc Los Angeles, CA | $5,959,356 | $13,191,369 |
The Fresno Center Fresno, CA | $5,685,334 | $12,082,399 |
Latino Center For Prevention & Action In Health & Welfare Santa Ana, CA | $6,603,881 | $11,325,815 |
Alu Like Inc Honolulu, HI | $2,290,492 | $9,028,851 |