Kala Usa
- Assets
- $12.6k
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Gardena, CA
- Founding
- 06/2018
- Data as of
- 12/2020
- EIN
- 82-1066909
Organization Overview
Kala Usa is located in Gardena, CA. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kala USA is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, Kala USA generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.8%) each year. All expenses for the organization totaled $31.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ASSOCIATION IS TO CONTRIBUTE TO PROMOTION AND TRADE WITH OUR HOMELAND KOREA, TO STRENGTHEN RELATIONSHIP THROUGH ACTIVE PARTICIPATION AND OPERATIONAL COOPERATION WITH KOREA-BASED LOGISTICS BUSINESSES, AND TO PROMOTE AMICABLE RELATIONSHIP THROUGH SHARING LOGISTICS- RELATED INFORMATION AND INCREASING COLLABORATION AND MUTUAL BENEFITS AMONG MEMBER FIRMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KALA USA PLANS AND ORGANIZES VARIOUS MEMBER EVENTS DESIGNED TO PROMOTE AND CULTIVATE FRIENDLY RELATIONS AMONG MEMBERS, AS WELL AS TO PROVIDE TRAINING AND EDUCATION. THE PURPOSE OF THIS ACTIVITY IS TO PROMOTE AND STRENGTHEN RELATIONSHIP AMONG MEMBERS IN THE SAME INDUSTRY, IN HOPES OF ACHIEVING ACTIVE PARTICIPATION AND OPERATIONAL COOPERATION AMONG MEMBERS IN THE SAME INDUSTRY, IN HOPES OF ACHIEVING ACTIVE PARTICIPATION AND OPERATIONAL COOPERATION AMONG MEMBER FIRMS, AS WELL AS TO PROVIDE FREE EDUCATION AND TRAINING TO NEW EMPLOYEES IN THEIR FIRMS SO THEY CAN BECOME PROFICIENT WORKERS IN THEIR FIELDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shang Il Roh Secretary | OfficerTrustee | $0 | |
Andrew Seo President | OfficerTrustee | $0 | |
Michael Lee Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,653 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,953 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $9,953 |
| 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 | $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 | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,650 |
| Advertising and promotion | $600 |
| Office expenses | $0 |
| Information technology | $3,100 |
| 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 | $1,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $19,881 |
| Total functional expenses | $31,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,615 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $12,615 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,615 |
| 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 | $12,615 |
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