2025-05-13T15:45:27-05:00 2024-06-30 202227407 CKP LLP 3435 WILSHIRE BLVD STE 2240 LOS ANGELES CA 90010 990 2023-07-01 953779389 KOREATOWN YOUTH AND COMMUNITY CENTER KORE 2133657400 3727 W SIXTH STREET 300 LOS ANGELES CA 90020 JOHNG HO SONG EXECUTIVE DIRECTOR 2133657400 2025-05-13 1 0 KIHO CHOI P00545677 2134809100 2023 2025-03-06 01:10:19Z JOHNG HO SONG 3727 W SIXTH STREET 300 LOS ANGELES CA 90020 20527790 0 X WWW.KYCCLA.ORG X 1982 CA TO PROVIDE A CONTINUUM OF COMMUNITY-BASED SERVICES TO THE CHILDREN AND FAMILIES OF KOREATOWN. 17 17 244 2109 0 0 15228177 15440701 1909385 4971539 0 0 26656 38082 17164218 20450322 0 0 0 0 10729382 12797148 0 0 918040 5487096 6664285 16216478 19461433 947740 988889 10385335 13067957 4092177 5785910 6293158 7282047 X KYCC'S PROGRAMS AND SERVICES ARE DIRECTED TOWARD RECENTLY IMMIGRATED, ECONOMICALLY DISADVANTAGED YOUTH AND THEIR FAMILIES, AND PROMOTE COMMUNITY SOCIO-ECONOMIC EMPOWERMENT. 0 0 3543078 516740 KYCC'S ENVIRONMENTAL SERVICES UNIT PROVIDES A RANGE OF VALUABLE FREE SERVICES TO THE RESIDENTS OF KOREATOWN AND ADJACENT AREAS INCLUDING CENTRAL AND SOUTH LOS ANGELES. THE URBAN FORESTRY PROGRAM CONSISTS OF TREE PLANTINGS, TREE MAINTENANCE, AND RELATED LANDSCAPING SERVICES. THE COMMUNITY BEAUTIFICATION PROGRAM OFFERS FREE GRAFFITI REMOVAL, LITTER ABATEMENT, AND BULKY ITEM PICK-UP SEVEN DAYS A WEEK. COMMUNITY ENGAGEMENT EFFORTS WHICH INCLUDE TREE GIVEAWAYS, NEIGHBORHOOD CLEAN-UPS, ENVIRONMENTAL EDUCATION WORKSHOPS, AND VARIOUS WORKFORCE DEVELOPMENT PARTNERSHIPS REMAIN AT THE CORE OF THE PROGRAM GOALS. KYCC IS DEDICATED TO BEAUTIFYING AND GREENING OUR NEIGHBORHOODS AND IN SERVING THE COMMUNITY TO REALIZE A HEALTHIER, MORE SUSTAINABLE COMMUNITY FOR EVERYONE. 5772381 141001 THE COMMUNITY ECONOMIC DEVELOPMENT SERVICES UNIT STRIVES TO IMPROVE THE FINANCIAL STABILITY OF LOW INCOME RESIDENTS BY PROVIDING FREE TAX PREPARATION SERVICES AND LINKING THEM TO VARIOUS FINANCIAL CAPABILITY BUILDING SERVICES. KYCC'S ASSET AND CREDIT BUILDING PROGRAM, AND FINANCIAL EDUCATION AND COACHING SERVICES SEEK TO IMPROVE FINANCIAL STABILITY OF OUR CLIENTS. KYCC PROVIDES EARNED INCOME TAX CREDIT OUTREACH, LOW INCOME TAXPAYER CLINIC SUPPORTS INDIVIDUALS WITH TAX CONTROVERSIES, RENTAL AND UTILITY ASSISTANCE. FINALLY, KYCC OFFERS A SMALL BUSINESS DEVELOPMENT PROGRAM TO PROVIDE TECHNICAL ASSISTANCE AND WORKSHOPS FOR SMALL BUSINESS OWNERS IN AND AROUND KOREATOWN. 3347260 2391149 THE CLINICAL SERVICES UNIT OFFERS CULTURALLY COMPETENT MENTAL HEALTH SERVICES FOR LOW-INCOME CHILDREN, YOUTH, AND THEIR FAMILIES. INDIVIDUAL, GROUP, AND FAMILY THERAPY IS PROVIDED FREE OF CHARGE IN OUT-PATIENT, SCHOOL-BASED, AND IN-HOME SETTINGS THROUGH CONTRACTS WITH THE COUNTY DEPARTMENT OF MENTAL HEALTH, COUNTY DEPARTMENT OF CHILDREN AND FAMILY SERVICES, AND OTHER FUNDERS. SERVICES ALSO INCLUDE MEDICATION MANAGEMENT, INDIVIDUAL AND FAMILY-BASED CASE MANAGEMENT, CHILD ABUSE PREVENTION/INTERVENTION, AND PARENTING EDUCATION. ALL SERVICES ARE AVAILABLE IN ENGLISH, SPANISH, AND KOREAN. 6002677 1960731 KYCC PROVIDES YOUTH SERVICES, KIDS TOWN, AND PREVENTION EDUCATION SERVICES. YOUTH SERVICES INCLUDE AFTERSCHOOL PROGRAMS FOR YOUTH FROM 1ST GRADE THROUGH HIGH SCHOOL. KYCC ALSO OFFERS A FULL-DAY SUMMER CAMP AT AN AFFORDABLE PRICE. KIDS TOWN SERVICES INCLUDE EARLY CHILDHOOD EDUCATION FOR CHILDREN AGES TWO AND A HALF MONTHS TO FIVE YEARS. THE PREVENTION EDUCATION UNIT PROVIDES PREVENTION EDUCATION WORKSHOPS BY WORKING WITH YOUTH, PARENTS AND THE LOS ANGELES UNIFIED SCHOOL DISTRICT (LAUSD). THESE WORKSHOPS INCREASE COMMUNITY PROTECTIVE FACTORS, INCLUDING SOCIAL AND EMOTIONAL LEARNING, AND RESILIENCY, AS WELL AS DEVELOPING OPEN COMMUNICATION BETWEEN YOUTH AND PARENTS. THE PROGRAM ALSO DISCUSSES FACTS AND KNOWLEDGE ABOUT SUBSTANCE ABUSE AND PROVIDES PARTICIPANTS WITH THE TOOLS FOR BUILDING HEALTHY FAMILIES. KYCC ALSO BUILDS COALITIONS THAT ADDRESS POLICIES THAT ARE HEALTH-FOCUSED, INCLUDING REDUCING ACCESS AND AVAILABILITIES TO SUBSTANCES IN COMMUNITIES OF KOREATOWN, PICO-UNION, AND WESTLAKE. THE OUTCOME IS BUILDING RESILIENT AND EMPOWERED COMMUNITIES THAT REDUCE THE RATE OF SUBSTANCE ABUSE AND THE HARMS THAT ARE ASSOCIATED. 6002677 1960731 18665396 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 30 0 1 244 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JOHNG HO SONG 2133657400 3727 W SIXTH STREET STE 300 LOS ANGELES CA 90020 TED KIM PRESIDENT 2.00 X 0 0 0 TEDDY ZEE VICE PRESIDENT 2.00 X 0 0 0 FRANK LOPEZ SECRETARY 2.00 X 0 0 0 VIVIAN I KIM TREASURER 2.00 X 0 0 0 WONTAE CHA BOARD OF DIRECTOR 2.00 X 0 0 0 EDWARD K KIM BOARD OF DIRECTOR 2.00 X 0 0 0 KAREN S KIM BOARD OF DIRECTOR 2.00 X 0 0 0 PAUL TKIM BOARD OF DIRECTOR 2.00 X 0 0 0 PETE KIM BOARD OF DIRECTOR 2.00 X 0 0 0 RICHARD KIM BOARD OF DIRECTOR 2.00 X 0 0 0 SANDRA LEE BOARD OF DIRECTOR 2.00 X 0 0 0 JONG C KIM BOARD OF DIRECTOR 2.00 X 0 0 0 EDWARD PAI PHD BOARD OF DIRECTOR 2.00 X 0 0 0 FRANCES PARK ESQ BOARD OF DIRECTOR 2.00 X 0 0 0 NITA SONG BOARD OF DIRECTOR 2.00 X 0 0 0 PATRICIA L WATTS BOARD OF DIRECTOR 2.00 X 0 0 0 BETTIE J WOODS BOARD OF DIRECTOR 2.00 X 0 0 0 JOHNG HO SONG EXECUTIVE DIRECTOR 40.00 X 282000 0 53965 JOSEPH ST JOHN CHIEF OPERATING OFFCER 40.00 X 171565 0 27521 453565 0 81486 3 0 1 0 0 1474654 12925070 1040977 149691 15440701 CLINICAL SERVICES 624100 2391149 2391149 SUPPORTING HOUSING 721000 1088281 1088281 ENVIRONMENTAL SERVICES 811000 516740 516740 KID'S TOWN 624410 388601 388601 ENHANCED CASE MANAGEMENT 611430 336765 336765 250003 250003 4971539 77468 1474654 77468 0 OTHER REVENUE 900099 38082 38082 38082 20450322 5009621 0 0 X 502763 9377 418452 74934 9825226 8183367 1271196 370663 218904 166719 36426 15759 1434337 1243030 138462 52845 815918 659244 123780 32894 2870 2870 66780 66780 3567491 3115269 300332 151890 455574 448474 3593 3507 326381 291378 18960 16043 115996 77564 35431 3001 843184 749630 68753 24801 43889 42607 545 737 29516 9840 6967 12709 160624 60282 100342 100891 19003 81888 PROGRAM EVENTS, SUPPLIE 519345 497705 14727 6913 AUTOMOBILE 221489 219604 386 1499 TRAINING 122639 69043 49580 4016 MISCELLAENOUS EXPENSES 87293 73313 12088 1892 323 2729947 -2873561 143937 19461433 18665396 -122003 918040 1535124 2920954 4361 209675 5295562 6362641 126321 85545 3378030 1977464 1374824 1400566 315062 311221 1734081 1777355 10385335 13067957 1279152 1998380 1093885 2256481 1719140 1531049 4092177 5785910 X 6242741 7252880 50417 29167 6293158 7282047 10385335 13067957 988889 0 X X 0 1 X 1 1 1 X 9326659 12159813 13343626 15127817 18975668 68933583 9326659 12159813 13343626 15127817 18975668 68933583 68933583 4774 31293 20921 32330 89318 349753 84574 633671 271608 1339606 70362507 11246494 0.97970 0.97920 X 1911032 1006955 904077 889953 534877 355076 577045 435632 141413 1400566 OPERATING RIGHT-OF-USE ASSETS, NET 1382865 FINANCE RIGHT-OF-USE ASSETS, NET 130965 DEPOSITS 48970 OTHER RECEIVABLES 214555 1777355 OPERATING LEASE LIABILITIES, CURRENT 522107 FINANCE LEASE LIABILITIES, CURRENT 38337 OPERATING LEASE LIABILITIES, NET OF CURRENT 877190 FINANCE LEASE LIABILITIES, NET OF CURRENT 93415 1531049 20799118 121637 227159 348796 20450322 0 20450322 19810229 121637 227159 348796 19461433 0 19461433 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING (CASH) FUNDRAISING (NON-CASH) CONTRIBUTION PORTION FROM FUNDRAISING EVENT PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING (CASH) FUNDRAISING (NON-CASH) CONTRIBUTION PORTION FROM FUNDRAISING EVENT PART XII, LINE 2B LINE 2B CONSIST OF FUNDRAISING EXPENSES OF $77,468, AND NON-CASH CONTRIBUTIONS (TOYS, BOOKS, ETC) OF $149,691. PART XII, LINE 2B KYCC MAINTAINS A TAX-EXEMPT STATUS UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE STATE OF CALIFORNIA, REVENUE AND TAXATION CODE. KYCC'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2023, 2022 AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS AND FTB, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. AS REQUIRED BY THE INCOME TAXES TOPIC FOR THE FASB ASC, KYCC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. KYCC DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. CONCERT 382551 342999 39552 39552 GOLF 184592 107934 76658 76658 1 984979 1023721 -38742 -38742 1552122 1474654 77468 77468 77468 0 X X X X 0 0 0 0 0 0 0 0 0 JOHNG HO SONG EXECUTIVE DIRECTOR 282000 0 0 0 0 0 10440 0 0 43525 292440 43525 0 0 JOSEPH ST JOHN CHIEF OPERATING OFFCER 171565 0 0 0 0 0 7746 0 0 19775 179311 19775 0 0 PART I, LINE 3 IN 2023, THE EXECUTIVE COMMITTEE RECOMMENDED AN ADJUSTMENT TO THE EXECUTIVE DIRECTOR'S COMPENSATION TO THE CURRENT LEVEL, AND IT ACCEPTED AN ADJUSTMENT RECOMMENDATION MADE BY THE EXECUTIVED DIRECTOR TO THE CHIEF OPERATING OFFICER'S COMPENSATION TO THE CURRENT LEVEL. THERE WAS A REVIEW BY MEMBERS OF THE EXECUTIVE COMMITTEE AND APPROVAL FROM THE FULL BOARD. MODIFICATIONS TO COMPENSATION, INCLUDING BENEFITS, OF THE EXECUTIVE DIRECTOR AND CHIEF OPERATING/FINANCIAL OFFICER ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, IF SUCH MODIFICATIONS ARE NOT SUBSTANTIALLY SHARED BY ALL EMPLOYEES. COMPARABLE DATA, COMPENSATION SURVEYS, AND OTHER MEANS ARE USED TO DETERMINE THAT THE COMPENSATION IS 'JUST AND REASONABLE'. X TOYS, BOOKS, AND OTHERS 56 136529 FMV X TICKET, COUPONE, AND GIFT CARD 19 10331 FMV X FOOD, AND BEVERAGE 7 2831 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, SECTION B, LINE 11: A DRAFT OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING. IN COMPLIANCE WITH THE CALIFORNIA NONPROFIT INTEGRITY ACT OF 2004 (SB 1262), THE AUDIT COMMITTEE CONFERRED WITH THE INDEPENDENT AUDITORS TO SATISFY MEMBERS OF THE FINANCIAL AFFAIRS OF THE ORGANIZATION. THE AUDIT COMMITTEE DETERMINED TO ACCEPT THE AUDIT AND SUBMITTED ITS OPINION TO ACCEPT THE AUDITED FINANCIALS TO A FULL VOTE OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ACCEPTED THE AUDIT. THE AUDITED FINANCIAL STATEMENTS WERE THE BASIS FOR COMPLETING THE FORM 990. PRIOR TO FILING, THE FORM 990 WAS DISTRIBUTED TO THE FULL BOARD ALONG WITH AN EXECUTIVE SUMMARY PROVIDED BY THE CHIEF OPERATING OFFICER. A PERIOD FOR QUESTIONS AND CLARIFICATIONS ABOUT THE FORM 990 WAS PROVIDED TO THE BOARD AND ANY ITEMS OF CONCERN WERE ADDRESSED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND STAFF MEMBERS. BOARD MEMBERS ARE INTRODUCED TO THE POLICY DURING THEIR INITIAL ORIENTATION AND ARE EXPECTED TO DISCLOSE POTENTIAL CONFLICTS WITH THE EXECUTIVE DIRECTOR AND/OR A MEMBER OF THE EXECUTIVE COMMITTEE. ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS REVIEWS THE POLICY (DURING THE JUNE MEETING OR, IF CANCELLED, THE FIRST BOARD OF DIRECTORS MEETING THEREAFTER). THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO REVIEW ANY CLAIMS OF CONFLICT OF INTEREST. IF CONFLICTS OF INTEREST EXIST, MEMBERS ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN ANY MATTER IN WHICH THEY MAY HAVE SUCH CONFLICT OF INTEREST. STAFF IS INTRODUCED TO THE POLICY DURING THEIR NEW HIRE ORIENTATION. THE MANAGEMENT TEAM IS RESPONSIBLE FOR REPORTING ANY POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR. IF THE EXECUTIVE DIRECTOR FINDS MERIT IN THE REPORT, A REPORT IS FORWARDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 IN 2023, THE EXECUTIVE COMMITTEE RECOMMENDED AN ADJUSTMENT TO THE EXECUTIVE DIRECTOR'S COMPENSATION TO THE CURRENT LEVEL, AND IT ACCEPTED AN ADJUSTMENT RECOMMENDATION MADE BY THE EXECUTIVE DIRECTOR TO THE CHIEF OPERATING OFFICER'S COMPENSATION TO THE CURRENT LEVEL. THERE WAS A REVIEW BY MEMBERS OF THE EXECUTIVE COMMITTEE AND APPROVAL FROM THE FULL BOARD. MODIFICATIONS TO COMPENSATION, INCLUDING BENEFITS, OF THE EXECUTIVE DIRECTOR AND CHIEF OPERATING/FINANCIAL OFFICER ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, IF SUCH MODIFICATIONS ARE NOT SUBSTANTIALLY SHARED BY ALL EMPLOYEES. COMPARABLE DATA, COMPENSATION SURVEYS, AND OTHER MEANS ARE USED TO DETERMINE THAT THE COMPENSATION IS 'JUST AND REASONABLE'. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR THE MOST CURRENT YEAR ARE AVAILABLE ON THE KYCC WEBSITE AND IN PERSON, UPON REQUEST. CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE NOT GENERALLY MADE AVAILABLE BUT CONSIDERATION WOULD BE MADE TO A WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 10,886. MANAGEMENT AND GENERAL EXPENSES 63,373. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,259. SUBCONTRACT & CLIENT SUPPORT: PROGRAM SERVICE EXPENSES 2,740,670. MANAGEMENT AND GENERAL EXPENSES 4,874. FUNDRAISING EXPENSES 80,796. TOTAL EXPENSES 2,826,340. CONSULTING: PROGRAM SERVICE EXPENSES 97,715. MANAGEMENT AND GENERAL EXPENSES 77,337. FUNDRAISING EXPENSES 60,500. TOTAL EXPENSES 235,552. OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 139,851. MANAGEMENT AND GENERAL EXPENSES 151,552. FUNDRAISING EXPENSES 4,433. TOTAL EXPENSES 295,836. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 112,038. MANAGEMENT AND GENERAL EXPENSES 2,214. FUNDRAISING EXPENSES 5,500. TOTAL EXPENSES 119,752. TAX AND LICESES: PROGRAM SERVICE EXPENSES 14,109. MANAGEMENT AND GENERAL EXPENSES 982. FUNDRAISING EXPENSES 661. TOTAL EXPENSES 15,752. PART XII, LINE 2C THERE IS NO CHANGE FROM THE PRIOR YEAR ON KYCC'S OVERSIGHT ON FINANCIAL STATEMENTS. AUDIT COMMITTEE APPOINTS THE INDEPENDENT AUDITORS EACH YEAR, AND THE INDEPENDENT AUDITORS REPORT THE AUDITED FINANCIAL STATEMENTS TO THE AUDIT COMMITTEE, WHICH IN TURN REPORTS TO THE FULL BOARD WHEN IT ACCEPTS THE AUDITED FINANCIAL STATEMENTS. KYCC OAK LLC 3727 WEST 6TH STREET 300 LOS ANGELES CA 90020 953779389 DEVELOPMENT OF HOUSING FOR LOW-INCOME AND MODERATE INCOME INDIVIDUALS CA 0 5 KOREATOWN YOUTH AND COMMUNITY CENTER INC KYCC SOLARIS LLC 3727 WEST 6TH STREET 300 LOS ANGELES CA 90020 953779389 DEVELOPMENT OF HOUSING FOR LOW-INCOME AND MODERATE INCOME INDIVIDUALS CA 0 0 KOREATOWN YOUTH AND COMMUNITY CENTER INC