Korean Federation Of Los Angeles
- Assets
- $168.5k
- Revenue
- $312.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 95-3842560
Organization Overview
Korean Federation Of Los Angeles is located in Los Angeles, CA. The organization was established in 1983. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Korean Federation Of Los Angeles employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Federation Of Los Angeles 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 Federation Of Los Angeles generated $312.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $306.2k during the year ending 12/2021. While expenses have increased by 0.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND SERVE BETTER FOR THE FURTHERANCE OF THE RIGHTS AND INTERESTS OF THE KOREAN COMMUNITY AT LOS ANGELES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EMPOWERMENT
HEALTH AND WELFARE
RESOURSE DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James An President | OfficerTrustee | 40 | $20,000 |
Emile Mack Exec. Vice P | OfficerTrustee | $0 | |
Yong Ho Kim Vice Preside | OfficerTrustee | $0 | |
Ik Cheong Eom Vice Chairma | OfficerTrustee | $0 | |
John Park Vice Chairma | OfficerTrustee | $0 | |
Jean Choi Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,604 |
| 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 | $312,604 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,295 |
| Advertising and promotion | $22,300 |
| Office expenses | $2,113 |
| Information technology | $828 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,300 |
| All other expenses | $6,012 |
| Total functional expenses | $306,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,787 |
| 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 | $10,669 |
| 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 | $168,456 |
| 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 | -$443 |
| Total liabilities | -$443 |
| Net assets without donor restrictions | $168,899 |
| 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 | $168,456 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Korean Federation Of Los Angeles has recieved totaling $172,828.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $99,180 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $25,380 |
Asian Pacific Community Fund Of Southern California Los Angeles, CA PURPOSE: SEE SCHEDULE O MISSION STATEMENT. | $22,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,746 |
Open Stewardship Foundation Los Angeles, CA PURPOSE: READY K-TOWN PROGRAM | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Child Development Coalition Inc Wilsonville, OR | $28,783,372 | $65,489,891 |
Lafrontera Center Inc Tucson, AZ | $29,946,918 | $41,083,974 |
Jewish Family Service Of San Diego San Diego, CA | $73,669,402 | $44,946,146 |
Irco Portland, OR | $15,349,691 | $38,248,192 |
Immigrant Legal Resource Center San Francisco, CA | $41,145,285 | $25,991,729 |
Latino Network Portland, OR | $14,141,237 | $24,219,823 |
International Institute Of Los Angeles Los Angeles, CA | $9,181,850 | $14,413,283 |
United American Indian Involvement Los Angeles, CA | $19,669,304 | $14,688,054 |
Koreatown Youth And Community Center Inc Los Angeles, CA | $5,959,356 | $13,191,369 |
The Fresno Center Fresno, CA | $5,685,334 | $12,082,399 |
Latino Center For Prevention & Action In Health & Welfare Santa Ana, CA | $6,603,881 | $11,325,815 |
Alu Like Inc Honolulu, HI | $2,290,492 | $9,028,851 |