Killeen Sister Cities Osan Korea Committee Incorporated
- Assets
- $325.1k
- Revenue
- $199.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Killeen, TX
- Founding
- 02/2010
- Data as of
- 09/2021
- EIN
- 26-4735274
Organization Overview
Killeen Sister Cities Osan Korea Committee Incorporated is located in Killeen, TX. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Killeen Sister Cities Osan Korea Committee Incorporated 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 09/2021, Killeen Sister Cities Osan Korea Committee Incorporated generated $199.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $106.9k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KILLEEN SISTER CITIES OSAN KOREA IS A MEMBER OF SISTER CITIES INTERNATIONAL. KSCOK IS A NON-PROFIT ORGANIZATION ESTABLISHED THROUGH THE JOINT EFFORTS OF THE CITY OF KILLEEN AND THE GREATER KILLEEN CHAMBER OF COMMERCE. KSCOK WORKS TO FOSTER AND ENCOURAGE MUTUAL UNDERSTANDING, FRIENDSHIP, AND PEACE THROUGH COMMUNICATION BY CULTURAL, SOCIAL, EDUCATIONAL, AND ECONOMIC EXCHANGES BETWEEN PEOPLE OF THE GREATER KILLEEN AREA AND THE PEOPLE OF SIMILAR CITIES OF OTHER NATIONS. INTERNATIONAL PARTNERSHIPS OFFER A FORUM FOR THE EXCHANGE OF CULTURE, IDEAS, INFORMATION, AND COMMERCE. IT ALSO HELPS CREATE AN AURA OF GOODWILL AND COOPERATION BETWEEN CITIES ALL OVER THE WORLD BY SHOWCASING THE GREATER KILLEEN AREA AS AN INTERNATIONAL CITY. ANY CITIZEN, BUSINESS, OR ORGANIZATION INTERESTED IN FURTHERING THE PURPOSE OF KSCOK MAY BECOME A MEMBER UPON APPROVAL OF THE BOARD OF DIRECTORS AND PAYMENT OF ANNUAL DUES
Describe the Organization's Program Activity:
BINGO OPERATIONS PROVIDE REVENUE TO THE OPERATIONS OF KILLEEN SISTER CITIES OSAN KOREA'S ACTIVITIES IN THE COMMUNITY
INTERNATIONAL FESTIVAL - IN FOLLOWING ITS EXCHANGE MISSION, KILLEEN SISTER CITIES HAS PROVIDED A MEDIUM FOR DISPLAYING AND EXCHANGING CULTURE THROUGH DANCE, MUSIC, CRAFTS, AND FOOD. THE FESTIVAL IS A ONE DAY FREE EVENT AND FEATURES CULTURAL MUSIC AND DANCE PERFORMANCES, ETHNIC CRAFTS AND FOOD FOR SALE, AND A CHILDREN'S ART CONTEST. THIS EVENT WAS NOT HELD IN 2020 DUE TO THE PANDEMIC.
MAINTENANCE OF MONUMENT TO KOREAN US FRIENDSHIP PAVILION
DONATIONS TO OTHER LOCAL CHARITIES TO SUPPORT THE COMMUNITY AND MEMBER BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanne Flores 1st Vice President | OfficerTrustee | 1 | $0 |
Lisa Humphreys President | OfficerTrustee | 20 | $0 |
Loretta Bell Treasurer | OfficerTrustee | 1 | $0 |
Jan Anderson Secretary | OfficerTrustee | 1 | $0 |
Eddie Bell 2nd Vice President | OfficerTrustee | 1 | $0 |
Fermin Cantu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,497 |
| Total Program Service Revenue | $0 |
| Investment income | $159 |
| 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 | $100,475 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,298 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,800 |
| Advertising and promotion | $0 |
| Office expenses | $134 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,700 |
| All other expenses | $0 |
| Total functional expenses | $106,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,886 |
| Savings and temporary cash investments | $233,669 |
| 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 | $71,594 |
| 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 | $325,149 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $24,210 |
| 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 | $0 |
| Total liabilities | $24,210 |
| Net assets without donor restrictions | $0 |
| 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 | $300,939 |
| Total liabilities and net assets/fund balances | $325,149 |
Grants Awarded
Over the last fiscal year, Killeen Sister Cities Osan Korea Committee Incorporated has awarded $458,693 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF KILLEEN TX PURPOSE: PUBLIC PAVILION TO HONOR RELATIONSHIP BETWEEN USA AND KOREA | $365,385 |
Killeen, TX PURPOSE: TO USE BINGO PROCEEDS TO SUPPORT THE MISSION OF KILLEEN SISTER CITIES OSAN KOREA | $93,308 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Killeen Sister Cities Osan Korea Committee Incorporated has recieved totaling $93,308.
| Awarding Organization | Amount |
|---|---|
Killeen Sister Cities Osan Korea Committee Incorporated Killeen, TX PURPOSE: TO USE BINGO PROCEEDS TO SUPPORT THE MISSION OF KILLEEN SISTER CITIES OSAN KOREA | $93,308 |
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