Korean American Community Services Inc is located in San Jose, CA. The organization was established in 1980. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Korean American Community Services Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Community Services Inc 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 06/2022, Korean American Community Services Inc generated $738.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $608.0k during the year ending 06/2022. While expenses have increased by 9.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KACS PROGRAMS INCLUDE SOCIAL AND EDUCATIONAL SERVICES. SOCIAL SERVICES CONSIST OF INFORMATION AND REFERRAL, TRANSLATION AND INTERPRETATION, COUNSELING, PARALEGAL ASSISTANCE, CULTURAL EVENTS, AND PARENTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL, RECREATIONAL, AND EDUCATIONAL SERVICES FOR LOW INCOME KOREAN AMERICAN SENIORS, YOUTH AND FAMILIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eunice Chun Executive Director | Officer | 40 | $52,800 |
Moon-Hi Ree Treasurer | OfficerTrustee | 3 | $0 |
Hee Shik Kim Honorary Chair | OfficerTrustee | 3 | $0 |
Susan Alexander Kim Secretary | OfficerTrustee | 3 | $0 |
Euisune Hickman Choe Director | Trustee | 3 | $0 |
Jae Hark Yang Director | Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $302,481 |
All other contributions, gifts, grants, and similar amounts not included above | $348,472 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $650,953 |
Total Program Service Revenue | $345 |
Investment income | $1,500 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $33,710 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $738,663 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $52,800 |
Compensation of current officers, directors, key employees. | $1,056 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $154,850 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $26,002 |
Payroll taxes | $16,768 |
Fees for services: Management | $17,434 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $46,521 |
Advertising and promotion | $15,355 |
Office expenses | $24,704 |
Information technology | $6,127 |
Royalties | $0 |
Occupancy | $45,844 |
Travel | $2,470 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,162 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $22,613 |
Insurance | $17,321 |
All other expenses | $0 |
Total functional expenses | $607,966 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $291,830 |
Savings and temporary cash investments | $390,150 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $29,247 |
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 | $3,043 |
Net Land, buildings, and equipment | $205,514 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $919,784 |
Accounts payable and accrued expenses | $1,070 |
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 | $1,070 |
Net assets without donor restrictions | $863,031 |
Net assets with donor restrictions | $55,683 |
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 | $919,784 |
Over the last fiscal year, we have identified 8 grants that Korean American Community Services Inc has recieved totaling $230,056.
Awarding Organization | Amount |
---|---|
Asian Pacific Fund San Francisco, CA PURPOSE: GENERAL SUPPORT | $78,500 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $55,000 |
Destination Home Sv Mountain View, CA PURPOSE: Human Services | $41,961 |
Korean American Community Foundation Of San Francisco Oakland, CA PURPOSE: Senior Care and Empowerment | $30,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $14,072 |
Open Stewardship Foundation Los Angeles, CA PURPOSE: SOCIAL SERVICES, TRANSPORTATION SERVICES, TRANSLATION SERVICES | $8,000 |
Organization Name | Assets | Revenue |
---|---|---|
Fund For A Better Future Inc Sacramento, CA | $12,452,035 | $69,118,422 |
Municipal Improvement Corporation Of Los Angeles Los Angeles, CA | $2,097,815,264 | $70,901,113 |
Benson House Inc Ontario, CA | $11,925,572 | $18,491,625 |
Community Services Agency Reno, NV | $7,843,023 | $11,495,915 |
Fresno Building Healthy Communities Fresno, CA | $7,681,991 | $11,111,006 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $4,731,702 | $8,492,805 |
Native Americans For Community Action Inc Flagstaff, AZ | $13,508,728 | $5,982,716 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $89,343,424 | $8,414,379 |
Foothill Ranch Maintenance Corporation Irvine, CA | $3,077,161 | $4,440,100 |
Pilipino Workers Center Of Southern Los Angeles, CA | $1,734,132 | $5,015,376 |
Southwest District Kiwanis Foundation Carefree, AZ | $3,902,018 | $3,838,305 |
Benevolent & Protective Order Of Elks Of The Usa Honolulu, HI | $18,759,259 | $3,966,966 |