Korean American Bar Association Of Southern California is located in Los Angeles, CA. The organization was established in 2002. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Bar Association Of Southern California 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 12/2022, Korean American Bar Association Of Southern California generated $114.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $105.7k during the year ending 12/2022. While expenses have increased by 12.7% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FORUMS, CONFERENCES, MEETINGS AND TO EDUCATE THE KOREAN AMERICAN COMMUNITY IN SOUTHERN CALIFORNIA ON LAW RELATED ISSUES AND NETWORK BETWEEN MEMBERS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Suh Director | 2 | $0 | |
Ben Kim Director | 2 | $0 | |
Chang Lim Director | 2 | $0 | |
Monica Min President | 5 | $0 | |
Naeun Rim Director | 2 | $0 | |
Jinna Kang Director | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,176 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $100,894 |
| Other Revenue | $0 |
| Total Revenue | $114,420 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $105,662 |
| Total expenses | $105,662 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,652 |
| Other assets | $0 |
| Total assets | $106,652 |
| Total liabilities | $10,378 |
| Net assets or fund balances | $96,274 |