Korean Senior Citizens Association Of San Fernando Valley
- Assets
- $372.5k
- Revenue
- $54.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Northridge, CA
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 95-4032301
Organization Overview
Korean Senior Citizens Association Of San Fernando Valley is located in Northridge, CA. The organization was established in 1997. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Senior Citizens Association Of San Fernando Valley 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 Senior Citizens Association Of San Fernando Valley generated $54.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $42.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR NUTRITIONAL LUNCH PROGRAM: PROVIDE NUTRITIONAL LUNCH TO ABOUT 20 SENIORS WHO VISIT KOREAN SENIOR CITIZENS ASSOCIATION ON WEEKDAYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Young Sik Lee President | 30 | $0 | |
Milan Choi Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,230 |
| Interest on Savings | $8 |
| Dividends & Interest | $0 |
| Net Rental Income | $34,264 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $254 |
| Depreciation | $4,800 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $634 |
| Other expenses | $33,697 |
| Total operating and administrative expenses | $40,280 |
| Contributions, gifts, grants paid | $2,598 |
| Total expenses and disbursements | $42,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,648 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $292,481 |
| Other assets | $398 |
| Total assets | $372,527 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Korean Senior Citizens Association Of San Fernando Valley has awarded $3,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE LIM PURPOSE: PROVIDE SCHOLASHIP TO STUDENTS WHO ARE ENROLLED IN IRC SEC. 170(B)(I)(A)(II) COLLEGES OR UNIVERSITY AND WHO ARE RESIDENTS OF SAN FERNANDO VALLEY. | $1,000 |
JASMYN CHOI PURPOSE: PROVIDE SCHOLASHIP TO STUDENTS WHO ARE ENROLLED IN IRC SEC. 170(B)(I)(A)(II) COLLEGES OR UNIVERSITY AND WHO ARE RESIDENTS OF SAN FERNANDO VALLEY. | $1,000 |
JIYUN LIM PURPOSE: PROVIDE SCHOLASHIP TO STUDENTS WHO ARE ENROLLED IN IRC SEC. 170(B)(I)(A)(II) COLLEGES OR UNIVERSITY AND WHO ARE RESIDENTS OF SAN FERNANDO VALLEY. | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Korean Senior Citizens Association Of San Fernando Valley has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Open Stewardship Foundation Los Angeles, CA PURPOSE: ADULT SCHOOL, FREE LUNCH PROGRAM | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |
Serrano Country Club Inc El Dorado Hls, CA | $18,241,297 | $9,585,604 |
Castlewood Country Club Pleasanton, CA | $23,800,146 | $7,959,205 |
Mid-Pacific Country Club Kailua, HI | $9,777,454 | $9,430,357 |
Spanish Trail Country Club Inc Las Vegas, NV | $2,730,919 | $7,892,933 |
Nanea Golf Club Inc Kailua Kona, HI | $40,040,878 | $3,990,807 |
San Francisco Golf Club San Francisco, CA | $10,899,473 | $8,215,792 |
Fountaingrove Golf & Athletic Club Santa Rosa, CA | $34,306,195 | $9,950,085 |