Korean Resource Center Inc

Organization Overview

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 12/2021, Korean Resource Center Inc employed 26 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 12/2020, Korean Resource Center Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2020. While expenses have increased by 12.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

VIETRISEVIETRISE 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 2021, VIETRISE EDUCATED, TRAINED AND OUTREACHED TO MORE THAN 1000 COMMUNITY MEMBERS.


IMMIGRANT LEGAL SERVICEKRC 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 2021, KRC ASSISTED DIRECTLY AND PROVIDED INFORMATION TO OVER 3,200 COMMUNITY MEMBERS.


ORGANIZING/CIVIC ENGAGEMENTPROMOTING 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.HOUSING - KRC'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 2021, KRC ASSISTED DIRECTLY AND PROVIDED INFORMATION TO MORE THAN 2,210 COMMUNITY MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Tong Cho Kim
Executive Director
$48,385
Bea Olvera Stotzer
Board Treasurer
$0
Angela Oh
Board Chair
$0
Wonkoo Chang
Board Secretary
$0
Hyun Woo Shin
Director
$0
James Muller
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,148,194
Investment income $1,882
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$36,914
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 $2,129,776

Grants Awarded

Over the last fiscal year, Korean Resource Center Inc has awarded $268,652 in support to 3 organizations.

Grant RecipientAmount

KCCEB - KOREAN COMMUNITY CENTER OF THE EAST BAY

Org PageRecipient Profile

San Leandro, CA

PURPOSE: IMMIGRANT RIGHTS LEGAL SERVICE

$124,080

RESILIENCE ORANGE COUNTY

Org PageRecipient Profile

Santa Ana, CA

PURPOSE: ORGANIZING AND CIVIC ENGAGEMENT

$76,892

FILIPINO ADVOCATES FOR JUSTICE

Org PageRecipient Profile

Oakland, CA

PURPOSE: IMMIGRANT RIGHTS LEGAL SERVICE

$67,680
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Korean Resource Center Inc has recieved totaling $1,247,840.

Awarding OrganizationAmount
Tides Foundation

San Francisco, CA

PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT

$270,000
National Coalition For Asian Pacific American Community Dev

Washington, DC

PURPOSE: AAPI Community Resilience Fund; Housing Counseling

$246,001
Marguerite Casey Foundation

Seattle, WA

PURPOSE: PROJECT SUPPORT FOR VIETRISE

$172,000
Marguerite Casey Foundation

Seattle, WA

PURPOSE: PROJECT SUPPORT FOR VIETRISE

$172,000
The California Endowment

Los Angeles, CA

PURPOSE: VIETRISE - PROMOTING RACIAL AND HEALTH EQUITY THROUGH ORGANIZING: TO SUPPORT INCREASED CAPACITY OF ORGANIZATIONS IN ORANGE COUNTY TO ADVANCE CROSS-RACIAL SOLIDARITY FOR HEALTH EQUITY AMONG VIETNAMESE, LATINX AND ARAB YOUTH THROUGH ORGANIZING, COMMUNICATIONS AND NARRATIVE STRATEGIES.

$100,000
Community Catalyst Inc

Boston, MA

PURPOSE: SUPPORT HEALTH ISSUES

$90,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$105,371
Earnings-$5,371
Ending Balance$100,000

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