Dongguk University Los Angeles
- Assets
- $10.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 50
- Location
- Los Angeles, CA
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 95-3921204
Organization Overview
Dongguk University Los Angeles is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2023, Dongguk University Los Angeles employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dongguk University 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 12/2023, Dongguk University Los Angeles generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPLORE AND EMBODY THE PRINCIPLES AND PRACTICES OF TRADITIONAL EAST ASIAN MEDICINE. TO DEVELOP A COMMUNITY OF SKILLED MEDICAL PRACTITIONERS. TO PROVIDE ACCESSIBLE HEALTH CARE SERVICES TO THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING THE FUNDAMENTALS OF ACUPUNCTURE AND EAST ASIAN MEDICINE & MEDICAL CLINIC OPERATING EXP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jooyong Andrew Pak President | Officer | 40 | $29,167 |
Jeong Hak Ji Director | Trustee | $0 | |
Hwan Jong Kang Chair | Trustee | $0 | |
Luis Seon Kang Director & S | OfficerTrustee | $0 | |
Chan Song Kim Director | Trustee | $0 | |
Jae Woong Yun Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,000 |
| Total Program Service Revenue | $1,140,931 |
| Investment income | $477,020 |
| 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 | $1,668,990 |
| 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 | $908,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,856 |
| Advertising and promotion | $1,998 |
| Office expenses | $26,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $262,462 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,649 |
| Interest | $26,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,031 |
| Insurance | $59,076 |
| All other expenses | $163,336 |
| Total functional expenses | $2,004,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,965 |
| Savings and temporary cash investments | $10,061,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,396 |
| Inventories for sale or use | $4,139 |
| Prepaid expenses and deferred charges | $9,637 |
| Net Land, buildings, and equipment | $34,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $10,381,664 |
| Accounts payable and accrued expenses | $19,399 |
| Grants payable | $0 |
| Deferred revenue | $21,190 |
| 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 | $563,660 |
| Total liabilities | $604,249 |
| Net assets without donor restrictions | $9,777,415 |
| 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 | $10,381,664 |