Bay Area K Group
- Assets
- $92.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 51-0656931
Organization Overview
Bay Area K Group is located in Sunnyvale, CA. The organization was established in 2017. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area K Group 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, Bay Area K Group generated $86.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $57.9k during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
BAY AREA K GROUP (BAKG) HOSTED MONTHLY SEMINARS THROUGHOUT THE YEAR. BAKG INVITED INDUSTRY EXPERTS TO DISCUSS AND LEARN ABOUT INDUSTRY TRENDS. PREVIOUS TOPICS INCLUDE DATA SCIENCE, MACHINE LEARNING, SELF-DRIVING TECHNOLOGY, SMART MOBILITY SERVICES, CLOUD/IOT, ETC. BAKG ALSO HOSTED AN ANNUAL CONFERENCE, K-NIGHT. DUE TO THE COVID PANDEMIC, THE CONFERENCE WAS THE VIRTUAL EVENT THAT WAS OPEN TO PUBLIC.DURING THE COVID PANDEMIC, BAKG SUPPORTED THE MEALS DELIVERY (OVER 7000 LUNCHES)TO THE HEALTHCARE WORKERS, SENIORS AND SPECIAL NEEDS FAMILIES WHO HAD BEEN IN TOUGHSITUATIONS AS THEY LOST ACCESS TO REGULAR LUNCH PROGRAMS. THIS CONTRIBUTION LEADEDTO LAUNCH ANOTHER MEAL FORWARD (A 501C3 NON-PROFIT ORGANIZATION)TO CONTINUALLYSUPPORT PEOPLE IN THE COMMUNITY.BAKG COLLABORATED WITH OTHER NON-PROFIT ORGANIZATIONS IN THE BAY AREA. ITESTABLISHED A PARTNERSHIP WITH SIMPLESTEPS (A NONPROFIT ORGANIZATION SUPPORTINGWOMEN'S CAREER) AND HWARANG (A NONPROFIT ORGANIZATION OF KOREAN-AMERICANMIDDLE/HIGH SCHOOL STUDENTS)AND CO-HOSTED EVENTS SUCH AS CAREER WORKSHOPS ANDJUNIOR CODING SCHOOLS IN THE ONLINE.IN 2021, BAKG HOSTED THE CODING SCHOOL PROGRAMS. ELEMENTARY SCHOOL STUDENTSPARTICIPATED AND LEARNED THE BASIC CODING SKILLS WITH PROGRAMMABLE ROBOTS. THECURICULUM WAS DESIGNED AND THE PROGRAM WAS OPERATED BY VOLUNTEERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yu Seung Kim President | 6 | $0 | |
Kicho Yu Vice President | 4 | $0 | |
Jinseop Sim CFO | 4 | $0 | |
Jenny Lee Vice President | 4 | $0 | |
Young Hoon Jung President | 6 | $0 | |
Jiyoon Park Vice President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,474 |
| Total Program Service Revenue | $5,028 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,502 |
| 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 | $17,207 |
| Occupancy, rent, utilities, and maintenance | $5,100 |
| Printing, publications, postage, and shipping | $439 |
| Other expenses | $35,161 |
| Total expenses | $57,907 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,744 |
| Other assets | $0 |
| Total assets | $92,744 |
| Total liabilities | $0 |
| Net assets or fund balances | $92,744 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Area K Group has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lora Alliance Inc Fremont, CA | $3,007,368 | $3,254,372 |
Society For Advancement Of Chicanos & Native Americans In Science Inc San Jose, CA | $5,294,932 | $4,211,776 |
Mosquito And Vector Control Association Of California Sacramento, CA | $783,847 | $933,158 |
Council On Technology & Society Alameda, CA | $51,496 | $525,235 |
Distributed Management Task Force Inc Portland, OR | $1,568,052 | $1,024,252 |
Geological Society Of Nevada Reno, NV | $2,033,431 | $407,089 |
Chemical And Biologicalmicrosystems Society San Diego, CA | $798,930 | $706,778 |
Airfuel Alliance Beaverton, OR | $389,403 | $370,633 |
Revolution Robotics Foundation Inc San Francisco, CA | $72,728 | $400,086 |
Cognitive Neuroscience Society Davis, CA | $154,694 | $165,577 |
International Foundation For Telemetering Camarillo, CA | $1,474,311 | $3,017 |
The@systems And Machine Learning Foundation Indio, CA | $508,821 | $189,371 |