Korean Resource Center Inc 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 12/2022, Korean Resource Center Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Resource Center 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 12/2022, Korean Resource Center Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 0.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
VIETNAMESE ORGANIZING PROJECTVIETRISE ADVANCES SOCIAL JUSTICE AND BUILDS POWER WITH WORKING-CLASS VIETNAMESE AND IMMIGRANT COMMUNITIES IN ORANGE COUNTY. WE BUILD LEADERSHIP AND CREATE SYSTEMIC CHANGE THROUGH ORGANIZING, NARRATIVE CHANGE, CULTURAL EMPOWERMENT, AND CIVIC ENGAGEMENT. IN 2022, VIETRISE EDUCATED, TRAINED AND OUTREACHED TO MORE THAN 3,500 COMMUNITY MEMBERS.
ORGANIZING/CIVIC ENGAGEMENT-PROMOTING AND HELPING KOREAN AMERICANS AND IMMIGRANTS OBTAIN AMERICAN CITIZENSHIP AND VOTING RIGHTS WITH THE GREATER GOAL OF BUILDING A NATIONAL MOVEMENT FOR SOCIAL CHANGE. ALSO, HELPING KOREAN AMERICAN AND IMMIGRANTS PROTECT THEIR CIVIL RIGHTS AND LIBERTIES. IN 2021, KRC TRAINED KOREAN AMERICAN YOUTH AND OTHER YOUTH ON HOW TO BUILD NETWORKS WITHIN THE IMMIGRANT AND YOUNG ADULT ORGANIZING SPACES. THEY WERE ALSO TRAINED IN CIVIL ENGAGEMENT AND ON HIGHLY CRITICAL AND POLITICAL TOPICS THAT AFFECT IMMIGRANT COMMUNITIES.HEALTHCARE IS A HUMAN RIGHT - EVERYONE SHOULD HAVE ACCESS TO QUALITY HEALTH CARE AND PUBLIC BENEFITS. ENSURE ACCESS TO LOW-COST OR FREE HEALTH CARE AND COVERAGE, WITH INFORMATION IN PATIENTS' PRIMARY LANGUAGES. PRESERVE AND FULLY FUND THE SOCIAL SERVICE "SAFETY NET" FOR EVERYONE. PROVIDE LOW-INCOME IMMIGRANT WOMEN AND GIRLS WITH ACCESS TO CULTURALLY APPROPRIATE INFORMATION NECESSARY TO MAKE INFORMED DECISIONS ABOUT THEIR REPRODUCTIVE HEALTH AND RIGHTS. REPRODUCTIVE HEALTH NEEDS TO BE AN INTEGRAL PART OF OUR STATE SAFETY NET. THE KOREAN RESOURCE CENTER HAS PIONEERED IN MULTIPLE DIGITAL AND DATA PROGRAMMATIC AREAS AMONG COMMUNITY BUILDING ORGANIZATIONS IN SOUTHERN CALIFORNIA OVER FIFTEEN YEARS.
IMMIGRANT LEGAL SERVICESKRC PROVIDES IN-LANGUAGE LEGAL SERVICES AND EDUCATION TO LOW-INCOME IMMIGRANT KOREAN AMERICANS, ASIAN AMERICANS AND PACIFIC ISLANDERS (AAPI), AND OTHER LOW-INCOME COMMUNITIES OF COLOR. RECOGNIZED BY THE DEPARTMENT OF JUSTICE'S BOARD OF IMMIGRATION APPEALS (BIA), ACCREDITED KRC STAFF CONDUCT A VARIETY OF IMMIGRATION LEGAL SERVICES AT LOW TO NO COST PROVIDE LINGUISTICALLY AND CULTURALLY APPROPRIATE LEGAL SERVICES TO OUR COMMUNITY. IN 2022, KRC ASSISTED DIRECTLY AND PROVIDED INFORMATION TO OVER 3,000 COMMUNITY MEMBERS.
HOUSINGKRC'S HOUSING PROGRAM PROVIDES RENTAL HOUSING COUNSELING AND FINANCIAL MANAGEMENT/ BUDGET COUNSELING TO THE MOST VULNERABLE MEMBERS OF THE KOREAN AMERICAN COMMUNITY OF GREATER LOS ANGELES AND ORANGE COUNTY. WE SEEK TO CREATE SAFER COMMUNITIES AND EMPOWER LOW-INCOME RESIDENTS OF ALL AGES THROUGH LINGUISTICALLY AND CULTURALLY COMPETENT HOUSING COUNSELING INCLUDING AFFORDABLE HOUSING COUNSELING, TENANTS' RIGHT EDUCATION AND RESOLVING FINANCIAL CHALLENGES. IN 2022, KRC ASSISTED DIRECTLY AND PROVIDED INFORMATION TO MORE THAN 2,500 COMMUNITY MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angela Oh Director | Trustee | 1 | $0 |
Bea Olvera Stotzer Board Treasurer | OfficerTrustee | 1 | $0 |
Hyun Woo Shin Director Unitil 02/24/22 | Trustee | 1 | $0 |
James Muller Director | Trustee | 1 | $0 |
Sun Hee Choi Director | Trustee | 1 | $0 |
Julie Lee Kurumada Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $12,245 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,017,272 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,029,517 |
Total Program Service Revenue | $84,044 |
Investment income | $1,849 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$29,873 |
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 | $2,088,542 |
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. | $84,923 |
Compensation of current officers, directors, key employees. | $12,212 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $613,818 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $45,202 |
Payroll taxes | $55,262 |
Fees for services: Management | $0 |
Fees for services: Legal | $155,523 |
Fees for services: Accounting | $37,949 |
Fees for services: Lobbying | $15,443 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $68,049 |
Advertising and promotion | $0 |
Office expenses | $90,480 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $36,509 |
Travel | $11,592 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $39,812 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,687 |
Insurance | $21,392 |
All other expenses | $2,512 |
Total functional expenses | $1,351,382 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,616,638 |
Savings and temporary cash investments | $2,397 |
Pledges and grants receivable | $285,549 |
Accounts receivable, net | $717 |
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 | $14,816 |
Net Land, buildings, and equipment | $2,617,803 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $291,952 |
Total assets | $4,829,872 |
Accounts payable and accrued expenses | $76,538 |
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 | $1,708,825 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $54,964 |
Total liabilities | $1,840,327 |
Net assets without donor restrictions | $2,604,996 |
Net assets with donor restrictions | $384,549 |
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 | $4,829,872 |
Over the last fiscal year, Korean Resource Center Inc has awarded $268,652 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
FILIPINO ADVOCATES FOR JUSTICE PURPOSE: IMMIGRANT RIGHTS LEGAL SERVICE | $67,680 |
RESILIENCE ORANGE COUNTY PURPOSE: ORGANIZING AND CIVIC ENGAGEMENT | $76,892 |
KCCEB - KOREAN COMMUNITY CENTER OF THE EAST BAY PURPOSE: IMMIGRANT RIGHTS LEGAL SERVICE | $124,080 |