2024-08-15T09:43:03-00:00 2023-09-30 133777972 WINNIE TAM & CO PC 50 BROAD STREET SUITE 1002 NEW YORK NY 10004 990 2022-10-01 133609811 The Korean American Family Service Center Inc KORE 7184603801 PO BOX 541429 FLUSHING NY 11354 JEEHAE FISCHER EXECUTIVE DIRECTOR 7184603801 2024-08-15 true JESSIE TAM-MOY P02530627 2127854600 2024-08-15 2022 2024-08-08 14:25:15Z JEEHAE FISCHER PO BOX 541429 FLUSHING NY 11354 4676390 false X WWW.KAFSC.ORG X 1990 NY KAFSC SUPPORTS AND EMPOWERS ADULTS, YOUTH AND CHILDREN IN THE NEW YORK TRI-STATE AREA TO LEAD SAFE AND HEALTHY LIVES BASED ON DIGNITY, COMPASSION AND MUTUAL RESPECT. 13 13 94 57 0 2476841 2439582 2685086 1958930 15418 62484 -162575 -36114 5014770 4424882 114880 12000 0 1663826 1741500 0 143241 1700707 1391321 3479413 3144821 1535357 1280061 6018261 7962981 239925 844074 5778336 7118907 THE KOREAN-AMERICAN FAMILY SERVICE CENTER, INC. KAFSC SUPPORTS EMPOWERS ADULTS, YOUTH CHILDREN IN THE NEW YORK TRI-STATE AREA TO LEAD SAFE HEALTHY LIVES BASED ON DIGNITY, COMPASSION MUTUAL RESPECT. KAFSC IS COMMITTED TO PREVENTING ENDING DOMESTIC VIOLENCE, SEXUAL ASSAULT RELATIONSHIP ABUSE, CREATING A VIOLENCE-FREE SOCIETY. false false 2488203 12000 1958930 KAFSC OFFERS PROGRAMS TO STRENGTHEN COMMUNICATION AND PARENTING SKILLS, INCREASE ECONOMIC SELF-SUFFICIENCY, PROMOTE THE POSITIVE DEVELOPMENT OF CHILDREN AND YOUTH, AND PROVIDES COUNSELING, ADVOCACY AND EDUCATION IN A CULTURALLY AND LINGUISTICALLY APPROPRIATE SETTING. 2488203 true true false false false false false false false false true false false true true true true false false false false false false false true false false false true true false false false false false false false false true false false false false false false false false true 5 0 true 94 true false false false false false true true false false false false false false X 13 13 false true false false false false false true true false true true false true true true true true true true false NY X X JEEHAE FISCHER CO KAFSC 7184603801 PO BOX 541429 FLUSHING NY 11354 JEEHAE FISCHER EXECUTIVE DIRECTOR 040.00 X 150097 0 17256 MI JUNG YOU DEPUTY DIRECTOR 040.00 X 120097 0 24923 ESTHER LIMB ESQ BOARD CHAIR 006.00 X X 0 0 0 MICHELLE LEE VICE CHAIR 002.00 X X 0 0 0 LAUREN UY LEE ESQ SECRETARY 002.00 X X 0 0 0 SK RA TREASURER 002.00 X X 0 0 0 ALBERT PARK DIRECTOR 001.00 X 0 0 0 SONNI KIM DIRECTOR 001.00 X 0 0 0 CATHY LEE DIRECTOR 001.00 X 0 0 0 JULIENNE PARK DIRECTOR 001.00 X 0 0 0 SELENA COHN DIRECTOR 001.00 X 0 0 0 JENNIFER KANG DIRECTOR 001.00 X 0 0 0 SYLVIA LEE DIRECTOR 001.00 X 0 0 0 TOM ROH DIRECTOR 002.00 X 0 0 0 DEANNE YEE DIRECTOR 001.00 X 0 0 0 270194 42179 2 false true false NCHENG LLP 40 WALL STREET 32ND FLOOR NY NY 10005 FISCAL MANAGEMENT 125889 1 353927 748465 1337190 54619 2439582 GOVERNMENT FEES 1355846 1355846 PROGRAM FEES 603084 603084 1958930 58896 58896 6084 2496 3588 3588 3588 209922 353927 249012 -39090 -39090 OTHER INCOME 2976 2976 2976 4424882 1961906 23394 0 12000 12000 0 0 270000 189000 81000 0 1181726 969109 147722 64895 17673 14099 2784 790 153109 122141 24123 6845 118992 94926 18747 5319 130899 127724 3175 0 29030 29030 0 0 140603 22000 118603 209004 209004 194311 160802 2255 31254 44435 41305 3130 0 402110 370575 31535 68670 64734 1022 2914 0 59714 27153 9346 23215 0 0 29689 12400 17289 17881 15297 2584 DUES, FEES AND SUBSCRIPTIONS 50839 24000 18830 8009 STAFF DEVELOPMENT AND TRAINING 1790 1790 AMORTIZATION EXPENSE - FINANCE LEASE 2202 2202 COMMUNITY RELATIONS 9435 9435 709 709 3144821 2488203 513377 143241 240186 1284035 955953 1090376 754839 856750 7376 1150 1150 177588 95751 764739 186647 607781 578092 591079 690314 2689685 3359137 6018261 7962981 149925 231194 90000 612880 239925 844074 X 4542302 5350317 1236034 1768590 5778336 7118907 6018261 7962981 1280061 60510 X false true X true false X 1604468 1446802 1819985 2476541 2439582 9787378 1604468 1446802 1819985 2476541 2439582 9787378 533499 9253879 13889 13391 13886 15418 58896 115480 501 301 44405 1000 2976 49183 9952041 7816989 0.92980 0.91850 X Part II Section B Line 10 - OTHER INCOME WAS USED TO SUPPORT THE ORGANIZATIONS TAX EXEMPT ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 325008 325008 340992 117800 223192 98739 68847 29892 578092 Financial derivatives and other financial products Closely-held equity interests Program fees receivable 375109 Due from governmental agencies 2155921 Construction in progress 205483 Security deposits 35917 Right-of-use lease assets - Operating leases, net of accumumated amortization 566889 Right-of-use lease assets - Finance lease, net of accumumated amortization 19818 3359137 Federal income taxes Advance from Governmental agency 17423 Lease obligation - Operating leases 575639 Lease obligation - Finance lease 19818 612880 X 4612907 60510 127515 188025 4424882 4424882 3272336 127515 127515 3144821 3144821 X 2 - KAFSC ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD FASB GUIDANCE ON UNCERTAIN INCOME TAX POSITIONS IN ITS FINANCIAL STATEMENTS. KAFSC RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES. Annual Gala 563849 353927 209922 32859 159245 1300 55608 563849 353927 209922 32859 159245 1300 55608 249012 -39090 true Emergency Hardship Cash Assistance 40 12000 Part I Line 2 - THE ORGANIZATION REQUIRES PERIODIC PROGRAM REPORTS AND FINAL REPORTS FROM ALL GRANTEES, INCLUDING STATEMENT OF EXPENDITURES AND GOALS ACHIEVED BY THE GRANTS. X false false false false false false false false false JEEHAE FISCHER EXECUTIVE DIRECTOR 150000 4500 12756 167256 X 5710 RETAIL VALUE X 4 16050 FAIR MARKET VALUE X Silent Auction 23 14819 RETAIL VALUE X Live Auction 4 18040 RETAIL VALUE false true true Part I Line 9, 25-26 - KAFSC IS RECORDING THE NUMBER OF CONTRIBUTIONS RECEIVED. Part I Line 32b - KAFSC COULD LIQUIDATE THE DONATED SECURITIES THEY HAVE RECEIVED THROUGH AN INVESTMENT BROKERAGE FIRM THAT THEY ARE ENGAGED WITH. Form 990, Part VI, Section A, Line 3 FISCAL MANAGEMENT SERVICES ARE PERFORMED BY NCHENG, LLP. Form 990, Part VI, Section B, Line 11b THE KAFSC FINANCE COMMITTEE AND MANAGEMENT BOARD CHAIR, TREASURER AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 TOGETHER AND ENSURE THAT ALL THE INFORMATION IS CORRECT. Form 990, Part VI, Section B, Line 12c THE KAFSC GOVERNANCE COMMITTEE AND MANAGEMENT, INCLUDING THE BOARD CHAIR AND EXECUTIVE DIRECTOR, REVIEW THE CONFLICT OF INTEREST POLICY AND OTHER ORGANIZATIONAL POLICIES AND PROCEDURES ANNUALLY AT THE ANNUAL RETREAT AND ENSURE THAT THOSE ARE REASONABLY ENFORCED THROUGHOUT THE ORGANIZATION AND THAT KAFSC IS IN COMPLIANCE WITH THE LAWS AND REGULATIONS, AND DISCUSS THE NEED FOR ANY POLICY/PROCEDURE CHANGE, IF CHANGES ARE IN ORDER. THE GOVERNANCE COMMITTEE DISCUSSES AND SUBMITS RECOMMENDATIONS TO THE ENTIRE GOVERNING BODY FOR FURTHER DISCUSSION AND ADOPTION OF SUCH POLICY CHANGES. Form 990, Part VI, Section B, Line 15 THE KAFSC EXECUTIVE COMMITTEE BOARD CHAIR, TREASURER, SECRETARY AND CHAIRS OF EACH FUNCTIONAL COMMITTEE INFORMALLY RESEARCH A COMPENSATION LEVEL OF EXECUTIVE DIRECTORS/CEOS OF AT LEAST TWO 2 COMMUNITY-BASED NON-PROFIT ORGANIZATIONS IN SIMILAR BUDGET AND STAFF SIZE IN GREATER NEW YORK AREA AND DETERMINE THE COMPARABLE COMPENSATION FOR KAFSCS EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR TAKES SIMILAR STEPS FOR THE REST OF THE PAID EMPLOYEES AND TAKES SOLE DISCRETION OF STAFF SALARIES AND OTHER COMPENSATION. Form 990, Part VI, Section C, Line 19 KAFSC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE CONTACT INFORMATION IS AVAILABLE ON ITS WEBSITE AT WWW.KAFSC.ORG.