Nakasec Action Fund
- Assets
- $269.7k
- Revenue
- $838.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Centreville, VA
- Founding
- Data as of
- 06/2022
- EIN
- 87-0752611
Organization Overview
Nakasec Action Fund is located in Centreville, VA. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nakasec Action Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Nakasec Action Fund generated $838.4k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAKASEC ACTION FUND ELECTORAL PROGRAM GOALS FOCUSED ON DEVELOPING AND EXECUTING A VOTER ENGAGEMENT PROGRAM THAT REACHED OUT TO OVER 37,000 ASIAN AND MINORITY VOTERS IN A CULTURALLY AND LINGUISTICALLY COMPETENT MANNER OVER A TEN-WEEK PERIOD FOCUSED ON THE GENERAL ELECTION IN VIRGINIA. NAKASEC ACTION FUND MADE 9,787 VOTER OUTREACH ATTEMPTS TO A 3,331 UNIQUE VOTERS. VOTER OUTREACH ATTEMPTS INCLUDE DOORS KNOCKED, PHONE CALLS, TEXTS, LIT DROPS, AND MAIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Castenada President | Trustee | 1 | $0 |
Luisa Blue Secretary | Trustee | 1 | $0 |
Alvina Yeh Board Member | Trustee | 1 | $0 |
Young Woon Han Board Member | Trustee | 1 | $0 |
Rebecca Belcore Chief Operating Officer | Officer | 1 | $0 |
Nancy Wu Finance And Operations Dir | Officer | 5 | $653 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $832,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $832,137 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $838,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,500 |
| 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. | $8,622 |
| Compensation of current officers, directors, key employees. | $690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,702 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,141 |
| Fees for services: Accounting | $3,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,330 |
| Advertising and promotion | $69,509 |
| Office expenses | $51,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $630,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,706 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $269,674 |
| Accounts payable and accrued expenses | $210 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $210 |
| Net assets without donor restrictions | $269,464 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $269,674 |
Grants Awarded
Over the last fiscal year, Nakasec Action Fund has awarded $217,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WOORI CENTER PURPOSE: IMMIGRANT RIGHTS | $75,000 |
HANA CENTER PURPOSE: IMMIGRANT RIGHTS | $25,000 |
NATIONAL KOREAN AMERICAN SERVICE AND EDUCATION CONSORTIUM PURPOSE: IMMIGRANT RIGHTS | $65,000 |
TIDES ADVOCACY PURPOSE: IMMIGRANT RIGHTS | $27,500 |
MINKWON CENTER FOR COMMUNITY ACTION PURPOSE: IMMIGRANT RIGHTS | $25,000 |