Happy Village
- Assets
- $163.2k
- Revenue
- $698.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 95-4847500
Organization Overview
Happy Village is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, 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. Happy Village 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, Happy Village generated $698.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $671.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
(A)PROMOTE, FOSTER AND ENHANCE PUBLIC AWARENESS OF THE ISSUES OF NEW KOREAN IMMIGRANTS TO US (B)ASSIST KOREAN IMMIGRANTS ASSIMILATE INTO AMERICAN SOCIETY (C)PROMOTE A SOCIALLY RESPONSIVE ENVIRONMENT AMONG MINORITY GROUPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIMBO SCHOLARSHIP PROGRAM
HAPPY VILLAGE COMMUNITY DONATION PROGRAM
LOVE SHARE JACKET & SLEEPING BAGS
SENIORS WHO LIVE ALONE PROGRAM/ GREEN PROJECT/ CAR DONATION/LOVE MARATHON/ BAZAAR, ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Kim Secretary | Officer | 40 | $63,700 |
Changsik Cho CEO | Officer | 1 | $0 |
Sang Il Park CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $698,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $698,098 |
| Total Program Service Revenue | $0 |
| Investment income | $59 |
| 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 | $698,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,750 |
| Grants and other assistance to domestic individuals. | $447,000 |
| 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 | $49,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,100 |
| Advertising and promotion | $1,500 |
| Office expenses | $0 |
| 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 | $856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $537 |
| All other expenses | $491 |
| Total functional expenses | $671,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,160 |
| 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 | $163,160 |
| Accounts payable and accrued expenses | $2,457 |
| 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 | $25,000 |
| Total liabilities | $27,457 |
| Net assets without donor restrictions | $135,703 |
| 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 | $163,160 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Happy Village has recieved totaling $110,010.
| Awarding Organization | Amount |
|---|---|
The Steve Y Kim Foundation Los Angeles, CA PURPOSE: DONATION | $57,000 |
M & L Hong Foundation Pennington, NJ PURPOSE: GENERAL OPERATING | $20,000 |
J & S Song Foundation Los Angeles, CA PURPOSE: SCHOLARSHIP PROGRAM | $10,000 |
Krossland Foundation Inc Brea, CA PURPOSE: SCHOLARSHIPFOR DISABILITIES | $6,000 |
Sunrise Foundation Rancho Cucamonga, CA PURPOSE: DONATION | $6,000 |
Open Stewardship Foundation Los Angeles, CA PURPOSE: JUMPER DISTRIBUTION FOR HOMELESS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Child Development Coalition Inc Wilsonville, OR | $28,783,372 | $65,489,891 |
Lafrontera Center Inc Tucson, AZ | $29,946,918 | $41,083,974 |
Jewish Family Service Of San Diego San Diego, CA | $73,669,402 | $44,946,146 |
Irco Portland, OR | $15,349,691 | $38,248,192 |
Immigrant Legal Resource Center San Francisco, CA | $41,145,285 | $25,991,729 |
Latino Network Portland, OR | $14,141,237 | $24,219,823 |
International Institute Of Los Angeles Los Angeles, CA | $9,181,850 | $14,413,283 |
United American Indian Involvement Los Angeles, CA | $19,669,304 | $14,688,054 |
Koreatown Youth And Community Center Inc Los Angeles, CA | $5,959,356 | $13,191,369 |
The Fresno Center Fresno, CA | $5,685,334 | $12,082,399 |
Latino Center For Prevention & Action In Health & Welfare Santa Ana, CA | $6,603,881 | $11,325,815 |
Alu Like Inc Honolulu, HI | $2,290,492 | $9,028,851 |