Korean American United Foundation
- Assets
- $1.9m
- Revenue
- $363.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 95-3663674
Organization Overview
Korean American United Foundation is located in Los Angeles, CA. The organization was established in 0000. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American United Foundation 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 12/2022, Korean American United Foundation generated $363.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $413.3k during the year ending 12/2022. While expenses have increased by 10.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE MANAGE AND DISTRIBUTE ASSETS TO BE USED FOR THE WELFARE AND BENEFIT OF SOUTHERN CALIFORNIAS KOREAN AMERICAN COMMUNITY AS A WHOLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Jay Won President | 30 | $53,895 | |
Katherine Yeom Secretary & Director | 1 | $0 | |
Sally Kim Chief Financial Officer & Dire | 1 | $0 | |
Eunice Song Director | 1 | $0 | |
Joon Hur Director | 1 | $0 | |
Chris Han Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $80,610 |
| 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 | $363,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,895 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,300 |
| Interest | $0 |
| Taxes | $4,431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $297,472 |
| Total operating and administrative expenses | $364,098 |
| Contributions, gifts, grants paid | $49,198 |
| Total expenses and disbursements | $413,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,366 |
| 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 | $1,443,245 |
| Other assets | $0 |
| Total assets | $1,921,611 |
| 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 | $483,000 |
| Other liabilities | $22,222 |
| Total liabilities | $505,222 |