Kagro Washington
- Assets
- $451.9k
- Revenue
- $246.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Federal Way, WA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 91-2009755
Organization Overview
Kagro Washington, operating under the name Kagro, is located in Federal Way, WA. The organization was established in 2016. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kagro employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kagro is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Kagro generated $246.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $223.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. 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
TO PROMOTE THE COMMON BUSINESS INTEREST OF KOREAN-AMERICAN GROCERY BUSINESS OWNERS AND THE COMMUNITIES THEY SERVE IN STATE OF WASHINGTON THROUGH SPONSORSHIP, PUBLICATION, TRADE SHOW AND SCHOLARSHIP ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS TRADE SHOW & MEMBERS' NIGHT PROGRAM EDUCATED THE BUSINESS OWNERS TO GET INNOVATIVE AND ATTRACTIVE PRODUCTS FROM VARIOUS VENDORS TO INCREASE THEIR BUSINESS SALES AND TO SATISFY THEIR CUSTOMER NEEDS.
PUBLICATION PROGRAM IS TO PUBLISH MONTHLY BUSINESS MAGAZINES TO PROVIDE THE MEMBERS WITH VALUABLE MANAGEMENT AND PRODUCTS INFORMATION. THE MONTHLY MAGAZINES HELPED THE BUSINESS OWNERS TO LEARN MORE PRACTICAL SKILLS AND KNOWLEDGE.
SPONSORSHIP AND REBATES PROGRAM IS TO PROMOTE VENDORS'S PRODUCTS TO THE BUSINESS OWNERS. THE ACTIVIES HELPED BOTH BUSINESS OWNERS AND THE VENDORS TO INCREASE SALES AND PROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Englund Manager | Officer | 40 | $65,800 |
Yunjung Suh President | Officer | 2 | $0 |
Hary Doko Vice President | Officer | 2 | $0 |
Soong Hwan Han Executive Manager | Officer | 2 | $0 |
Yoon Chong Kim Treasurer | Officer | 2 | $0 |
Hong Ryul Lee Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,780 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,774 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $246,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,420 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,940 |
| Compensation of current officers, directors, key employees. | $34,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,950 |
| Office expenses | $6,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,898 |
| Interest | $6,585 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,810 |
| Insurance | $2,103 |
| All other expenses | $28,338 |
| Total functional expenses | $222,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,833 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $269,089 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,922 |
| Accounts payable and accrued expenses | $7,770 |
| 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 | $132,867 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $140,637 |
| Net assets without donor restrictions | $311,285 |
| 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 | $451,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |