Korean American Community Center
- Assets
- $836.5k
- Revenue
- $429.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 94-3075783
Organization Overview
Korean American Community Center is located in San Francisco, CA. The organization was established in 1992. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Community Center 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 Community Center generated $429.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $67.4k during the year ending 12/2021. 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
THE MISSION OF THE KOREAN AMERICAN COMMUNITY CENTER OF SAN FRANCISCO AND BAY AREA (KACCSF) IS TO BUILD COMMUNITY AND ENHANCE THE QUALITY OF LIFE FOR THE KOREAN AMERICAN RESIDENTS IN THE SAN FRANCISCO AND BAY AREA. WE ARE A PLACE-BASED COMMUNITY DEVELOPMENT ORGANIZATION SERVING PRIMARILY THE SAN FRANCISCO NEIGHBORHOOD, AND ALSO SERVE THE BAY AREA. WE ARE A COMMUNITY DEVELOPMENT ORGANIZATION WITH MANY ROLES - AS NEIGHBORHOOD ADVOCATES FOR KOREAN AMERICANS, ORGANIZERS AND PLANNERS OF VARIOUS KOREAN AMERICAN HERITAGE CELEBRATIONS, AND AS EDUCATION CENTER FOR KOREAN AMERICAN CULTURES INCLUDING THE KOREAN LANGUAGE AND THE VARIOUS KOREAN ARTS. KOREAN AMERICAN COMMUNITY OF SAN FRANCISCO & BAY AREA ASSISTS ALL KOREAN AMERICANS IN SAN FRANCISCO AND THE BAY AREA AND PROMOTES THE CULTURAL, SOCIAL, EDUCATIONAL, AND ECONOMIC PROGRESS OF KOREAN-AMERICAN. THE ORGANIZATION BUILDS AN ALTERNATIVE COMMUNITY WHERE KOREAN AMERICANS CAN BRIDGE THE CULTURAL GAP BETWEEN KOREAN AMERICANS AND OTHER ETHNIC COMMUN
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAACSF(KACCSF) HAS ORGANIZED AND HELD THE ANNUAL KOREAN DAY FESTIVAL SINCE 1992. THESE PROGRAMS AND EVENTS RE-EXAMINE THE KOREAN EXPERIENCE AND RE-EVALUATE THE PLACEMENT OF KOREAN AMERICANS IN THE SOCIETY. IN 1989, THE KAACSF(KACCSF) MOVED TO ITS CURRENT ADDRESS ON BUCHANAN STREET, IN THE WESTERN ADDITION DISTRICT. THIS LOCATION ALLOWS THE ASSOCIATION TO COMMUNICATE WITH MORE DIVERSE POPULATIONS IN THE FILLMORE NEIGHBORHOOD. THE MISSION IS TO SUPPORT AND CULTIVATE THE CONTRIBUTIONS OF KOREAN AMERICANS BY WORKSHOPS, EDUCATIONAL PROGRAMS, AND EVENTS BY THE COMMUNITY. THE COMMUNITY CENTER HAS PROVIDED VARIOUS SERVICES AND CLASSES TO MORE THAN 150,000 KOREAN AMERICANS AT NO COST. WE HAVE PROVIDED THE FOLLOWING PROGRAMS:1. PUBLIC SAFETY MEETINGS WITH HAYES VALLEY NEIGHBORHOOD ASSOCIATION2. LIBRARY PROGRAM & SEMINARS 3. KOREAN DANCE & MUSIC, MARTIAL ARTS, COMPUTER CLASSES4. EMEGENCY FOOD ASSISTANCE, SENIOR, SOCIAL SERVICES & JOB FAIR PROGRAM5. PROMOTING KOREAN CONCERTS AND CULTURAL EVENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeny Kwak Weber President | Trustee | 40 | $0 |
Marie Im Director | Trustee | 20 | $0 |
Wan Hi Kim Vice Chairman | Trustee | 30 | $0 |
William Buck Chairman | Trustee | 40 | $0 |
Il Hyun Jun Director | Trustee | 0 | $0 |
Doug Y Moon Director | Trustee | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,730 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,800 |
| 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 | $429,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,150 |
| Office expenses | $729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,251 |
| Insurance | $5,947 |
| All other expenses | $6,466 |
| Total functional expenses | $67,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,184 |
| 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 | $666,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $836,508 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $836,508 |
| 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 | $836,508 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Korean American Community Center has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Washington Sycip Family Foundation Charitable Tr 041697 San Francisco, CA PURPOSE: CHARITABLE PURPOSES | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alu Like Inc Honolulu, HI | $2,290,492 | $9,028,851 |
Sacramento Chinese Community Service Center Inc Sacramento, CA | $4,354,396 | $9,145,000 |
Central American Resource Center - Carecen - Of California Los Angeles, CA | $10,035,647 | $7,843,220 |
Central American Resource Center Carecen Of Northern California San Francisco, CA | $2,586,265 | $9,324,571 |
Alianza Nacional De Campesinas Inc Oxnard, CA | $1,552,318 | $8,642,187 |
The Seventh Generation Fund For Indigenous Peoples Inc Arcata, CA | $11,269,311 | $11,321,749 |
Family Bridges Inc Oakland, CA | $13,216,729 | $7,001,023 |
Centro Cultural De Condado De Washington Cornelius, OR | $5,601,313 | $8,715,146 |
Adelante Mujeres Forest Grove, OR | $6,994,126 | $6,213,932 |
International Outreach Services Mililani, HI | $2,260,191 | $4,332,348 |
La Raza Community Resource Center Inc San Francisco, CA | $1,779,318 | $5,410,893 |
Phoenix Indian Center Phoenix, AZ | $3,230,843 | $4,638,473 |