Korean American Running Team
- Assets
- $3.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 86-1061762
Organization Overview
Korean American Running Team is located in Los Angeles, CA. The organization was established in 2003. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Running Team 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 American Running Team generated $19.5k 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 (10.9%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 6 years. 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 Mission:
Part 3 - Line 1
KOREAN AMERICAN RUNNING TEAM STRIVES TO SHARE OUR LOVE OF COMPETITIVE AND COOPERATIVE RUNNING BY BRINGING PEOPLE TOGETHER FROM ALL WALKS OF LIFE, TO MOVE IN THE SAME POSITIVE DIRECTION. WE WORK TO PROVIDE A FAMILY ORIENTED, HAPPY, HEALTHY, ENTHUSIASTIC ATMOSPHERE TO RUN AND SOCIALIZE WHILE SUPPORTING OUR COMMUNITY AND CHARITABLE ORGANIZATIONS. WE HOPE TO USE OUR PASSION FOR RUNNING TO BUILD FRIENDSHIPS, PROVIDE ENCOURAGEMENT, AND IMPROVE OURSELVES WITH NO REGARD TO AGE, CULTURAL DIFFERENCES, GENDER, PACE OR EXPERIENCE. OUR GOAL IS TO LEARN AND GROW THROUGH OUR SHARED EXPERIENCE, AND TO LEAVE NO RUNNER BEHIND.
Describe the Organization's Program Activity:
Part 3
KOREAN AMERICAN RUNNING TEAM STRIVES TO SHARE OUR LOVE OF COMPETITIVE AND COOPERATIVE RUNNING BY BRINGING PEOPLE TOGETHER FROM ALL WALKS OF LIFE, TO MOVE IN THE SAME POSITIVE DIRECTION. WE WORK TO PROVIDE A FAMILY ORIENTED, HAPPY, HEALTHY, ENTHUSIASTIC ATMOSPHERE TO RUN AND SOCIALIZE WHILE SUPPORTING OUR COMMUNITY AND CHARITABLE ORGANIZATIONS. WE HOPE TO USE OUR PASSION FOR RUNNING TO BUILD FRIENDSHIPS, PROVIDE ENCOURAGEMENT, AND IMPROVE OURSELVES WITH NO REGARD TO AGE, CULTURAL DIFFERENCES, GENDER, PACE OR EXPERIENCE. OUR GOAL IS TO LEARN AND GROW THROUGH OUR SHARED EXPERIENCE, AND TO LEAVE NO RUNNER BEHIND.
WEEKLY MARATHON TRAINING PROMOTING HEALTH OF THE PUBLIC IS THE MAIN PURPOSE OF THIS ORGANIZATION
KOREAN AMERICAN RUNNING TEAM STRIVES TO SHARE OUR LOVE OF COMPETITIVE AND COOPERATIVE RUNNING BY BRINGING PEOPLE TOGETHER FROM ALL WALKS OF LIFE, TO MOVE IN THE SAME POSITIVE DIRECTION. WE WORK TO PROVIDE A FAMILY ORIENTED, HAPPY, HEALTHY, ENTHUSIASTIC ATMOSPHERE TO RUN AND SOCIALIZE WHILE SUPPORTING OUR COMMUNITY AND CHARITABLE ORGANIZATIONS. WE HOPE TO USE OUR PASSION FOR RUNNING TO BUILD FRIENDSHIPS, PROVIDE ENCOURAGEMENT, AND IMPROVE OURSELVES WITH NO REGARD TO AGE, CULTURAL DIFFERENCES, GENDER, PACE OR EXPERIENCE. OUR GOAL IS TO LEARN AND GROW THROUGH OUR SHARED EXPERIENCE, AND TO LEAVE NO RUNNER BEHIND.
WEEKLY MARATHON TRAINING PROMOTING HEALTH OF THE PUBLIC IS THE MAIN PURPOSE OF THIS ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Jin C.e.o | 2 | $0 | |
John Yu Secretary | 2 | $0 | |
Soohan Kim C.f.o. | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,885 |
| Total Program Service Revenue | $10,626 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,511 |
| 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 | $30,682 |
| Total expenses | $30,682 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,516 |
| Other assets | $0 |
| Total assets | $3,516 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,516 |
Grants Awarded
Over the last fiscal year, Korean American Running Team has awarded $712,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC | | $206,000 |
Washington, DC | | $206,000 |
New York, NY | | $150,000 |
New York, NY | | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fiesta Events Inc Scottsdale, AZ | $1,392,711 | $3,617,988 |
Chrims Inc Pleasanton, CA | $2,291,347 | $3,960,198 |
Santa Barbara Bowl Foundation Santa Barbara, CA | $45,351,353 | $2,991,318 |
Next Level Sports Foundation Inc San Mateo, CA | $280,995 | $2,705,458 |
Mountain View Volleyball Club Inc Sunnyvale, CA | $1,509,696 | $2,260,861 |
Rancho Penasquitos Tennis Association Inc San Diego, CA | $250,274 | $1,054,878 |
Niroga Institute Oakland, CA | $1,448,483 | $1,552,180 |
World Players Of Handball Foundation Tucson, AZ | $166,054 | $872,973 |
Crpa Foundation Fullerton, CA | $2,336,355 | $680,661 |
Bay Area Womens Sports Initiative Inc San Jose, CA | $1,221,193 | $1,319,678 |
Richmond Police Activities League Richmond, CA | $6,109,978 | $845,284 |
Bikeshare Hawaii Honolulu, HI | $1,024,934 | $346,147 |