KOREAN AMERICAN FAMILY SERVICES INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KOREAN AMERICAN FAMILY SERVICES INC (EIN 95-3899329)
Tax period
2021-01-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202241369349306379
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T12:58:45-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN330700332PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VASQUEZ & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1655 N CENTRAL AVE STE 1550AddressLine1Txt
CityGLENDALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP91203ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN953899329EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KOREAN AMERICAN FAMILY SERVICES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKOREBusinessNameControlTxt
Phone2133896755PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13727 WEST 6TH STREET 320AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90020ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHERINE YEOMPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2133896755PhoneNum
Signature2022-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKATHERINEPersonFirstNm
Person LastYEOMPersonLastNm
FieldValueIRS element (for citing)
SSN888008888SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonREGINA L PRINCE CPAPreparerPersonNm
PTINP00576936PTIN
Phone2138731700PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKATHERINE YEOMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13727 WEST 6TH STREET STE 320AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90020ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,573,979GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.KFAMLA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1983FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO EMPOWER UNDERSERVED KOREAN AMERICAN AND ASIAN PACIFIC ISLANDER FAMILIES THROUGH CULTURALLY RESPONSIVE PROGRAMS.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee43TotalEmployeeCnt
Total Volunteers27TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,863,580PYContributionsGrantsAmt
CY Contributions Grants$3,508,815CYContributionsGrantsAmt
PY Program Service Revenue$63,995PYProgramServiceRevenueAmt
CY Program Service Revenue$36,879CYProgramServiceRevenueAmt
PY Investment Income$3,500PYInvestmentIncomeAmt
CY Investment Income$689CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,931,075PYTotalRevenueAmt
CY Total Revenue$3,546,383CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,309,715PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,174,246CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$14,044CYTotalFundraisingExpenseAmt
PY Other Expenses$3,558,226PYOtherExpensesAmt
CY Other Expenses$1,838,576CYOtherExpensesAmt
PY Total Expenses$5,867,941PYTotalExpensesAmt
CY Total Expenses$3,012,822CYTotalExpensesAmt
PY Revenues Less Expenses$63,134PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$533,561CYRevenuesLessExpensesAmt
Total Assets BOY$2,352,526TotalAssetsBOYAmt
Total Assets EOY$2,651,069TotalAssetsEOYAmt
Total Liabilities BOY$960,967TotalLiabilitiesBOYAmt
Total Liabilities EOY$716,450TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,391,559NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,934,619NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO SUPPORT AND STRENGTHEN KOREAN AMERICAN FAMILIES AND INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION, AND OTHER SOCIAL SERVICES. SINCE ITS INCEPTION IN 1983, KFAM HAS PROVIDED ASSISTANCE TO TENS OF THOUSANDS OF KOREAN AMERICANS PARTICULARLY WOMEN, CHILDREN, IMMIGRANTS, AND LOW-INCOME FAMILIES. KFAM SPECIALIZES IN PROVIDING LINGUISTICALLY AND CULTURALLY APPROPRIATE SERVICES THROUGH ITS BILINGUAL AND BICULTURAL STAFF.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,261,914ExpenseAmt
Revenue$36,879RevenueAmt
DescCHILD CARE FOOD PROGRAM - THE CHILD CARE FOOD PROGRAM (CCFP) IS A FEDERAL AND STATE FUNDED PROGRAM THAT PLAYS A VITAL ROLE IN HELPING MANY LOW-INCOME CHILDREN TO RECEIVE HEALTHY AND NUTRITIOUS MEALS. THE CCFP HOME AND CENTER REPRESENTATIVES TRAIN, ADVISE, AND MONITOR HUNDREDS OF LICENSED CHILD DAY CARE PROVIDERS TO ENSURE THAT OVER 4,000 CHILDREN ENJOY NUTRITIOUS MEALS AND SNACKS EVERY DAY. CCFP HOME OVERSEES LICENSED IN-HOME CHILD DAY CARE PROVIDERS AND CCFP CENTER OVERSEES LICENSED DAY CARE CENTERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$411,777ExpenseAmt
DescDOMESTIC VIOLENCE PROGRAM - THE DOMESTIC VIOLENCE PROGRAM (DV) PROVIDES BILINGUAL/BICULTURAL INTERVENTION AND PREVENTION SERVICES TO DV-IMPACTED INDIVIDUALS AND FAMILIES, INCLUDING 24-HOUR CRISIS HOTLINE, CASE MANAGEMENT AND EMPOWERMENT SERVICES FOR VICTIMS, SURVIVORS SUPPORT GROUP, BATTERERS INTERVENTION PROGRAM, CHILD SUPERVISED VISITATION, CHILD ABUSE PREVENTION/INTERVENTION, PREVENTION EDUCATION, TRAININGS, AND REFERRAL PARTNERSHIPS WITH CHURCHES AND COMMUNITY GROUPS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$766,983ExpenseAmt
DescASIAN FOSTER FAMILY INITIATIVE - AS THE NATION'S FIRST AND ONLY ASIAN PACIFIC ISLANDER-FOCUSED FOSTER FAMILY AGENCY, KFAM PROVIDES RECRUITMENT, TRAINING AND SUPPORT FOR ASIAN AMERICAN FOSTER PARENTS TO PROVIDE CULTURALLY NURTURING AND SAFE TEMPORARY HOMES TO FOSTER CHILDREN. SERVICES ARE PROVIDED IN ENGLISH, KOREAN, CHINESE, TAGALOG AND VIETNAMESE. PREVENTION AND INTERVENTION PROGRAMS, PARENTING WORKSHOPS, SUPERVISED VISITATIONS WITH BIRTH PARENTS AND OTHER FAMILY SUPPORT SERVICES.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$372,953ExpenseAmt
DescCOUNSELING PROGRAMS - KFAM PROVIDES FREE AND LOW-COST MENTAL HEALTH COUNSELING SERVICES IN ENGLISH AND KOREAN INCLUDING INDIVIDUAL AND FAMILY COUNSELING PSYCHIATRIC EVALUATIONS, MEDICATION SUPPORT, GROUPS COUNSELING, PSYCHO-EDUCATION, PARENTING SKILLS, AND MENTAL WELLNESS WORKSHOPS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$372,953TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$2,813,627TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee43EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATHERINE YEOMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2133896755PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13727 WEST 6TH ST STE 320AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90020ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHARLES YOO
VICE-CHAIRPERSON2.00Yes (X)Yes (X)$0$0$0
EUGENE KIM
TREASURER1.00Yes (X)Yes (X)$0$0$0
LISA YANG
SECRETARY1.00Yes (X)Yes (X)$0$0$0
ELISA LEE
DIRECTOR1.00Yes (X)$0$0$0
HENRY BYUN
DIRECTOR1.00Yes (X)$0$0$0
BRIAN CHOI
DIRECTOR1.00Yes (X)$0$0$0
SAMANTHA HAN
DIRECTOR1.00Yes (X)$0$0$0
ANTHONY KIM
DIRECTOR1.00Yes (X)$0$0$0
YUN KIM
DIRECTOR1.00Yes (X)$0$0$0
CHRISTINE OH
DIRECTOR1.00Yes (X)$0$0$0
JAY PARK
DIRECTOR1.00Yes (X)$0$0$0
JINA PARK
DIRECTOR1.00Yes (X)$0$0$0
NANCY PAK
BOARD CHAIR2.00Yes (X)Yes (X)$0$0$0
KATHERINE YEOM
EXECUTIVE DIRECTOR45.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$14,358FundraisingAmt
Government Grants$2,806,153GovernmentGrantsAmt
All Other Contributions$688,304AllOtherContributionsAmt
Total Contributions$3,508,815TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICE FEESDesc
Business813319BusinessCd
Total Revenue Column$36,879TotalRevenueColumnAmt
Related Or Exempt Func Income$36,879RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$36,879TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$689TotalRevenueColumnAmt
Exclusion$689ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$27,596FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$14,358ContriRptFundraisingEventAmt
Fundraising Direct Expenses$27,596FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,546,383TotalRevenueColumnAmt
Related Or Exempt Func Income$36,879RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$689ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,001,663TotalAmt
Program Services$946,319ProgramServicesAmt
Management And General$45,129ManagementAndGeneralAmt
Fundraising$10,215FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$88,356TotalAmt
Program Services$83,461ProgramServicesAmt
Management And General$3,986ManagementAndGeneralAmt
Fundraising$909FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$84,227TotalAmt
Program Services$79,704ProgramServicesAmt
Management And General$3,643ManagementAndGeneralAmt
Fundraising$880FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$70,325TotalAmt
Program Services$65,805ProgramServicesAmt
Management And General$4,282ManagementAndGeneralAmt
Fundraising$238FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$27,677TotalAmt
Program Services$27,677ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,916TotalAmt
Program Services$34,706ProgramServicesAmt
Management And General$903ManagementAndGeneralAmt
Fundraising$307FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$100,452TotalAmt
Program Services$82,477ProgramServicesAmt
Management And General$17,975ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,237TotalAmt
Program Services$2,774ProgramServicesAmt
Management And General$463ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$12,311TotalAmt
Program Services$1,311ProgramServicesAmt
Management And General$11,000ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,063TotalAmt
Management And General$2,063ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,397TotalAmt
Management And General$8,397ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$25,518TotalAmt
Program Services$24,301ProgramServicesAmt
Management And General$893ManagementAndGeneralAmt
Fundraising$324FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM EXPENSES$1,081,927$1,081,927
CLIENT SUPPORT$332,741$302,980$29,761
REPAIRS & MAINTENANCE$55,471$52,245$2,424$802
BAD DEBTS$26,641$26,641

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$55,900TotalAmt
Program Services$27,940ProgramServicesAmt
Management And General$27,591ManagementAndGeneralAmt
Fundraising$369FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,012,822TotalAmt
Program Services$2,813,627ProgramServicesAmt
Management And General$185,151ManagementAndGeneralAmt
Fundraising$14,044FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,268,673BOYAmt
EOY$1,501,379EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$170,682BOYAmt
EOY$180,639EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$864,864BOYAmt
EOY$847,584EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,705BOYAmt
EOY$22,882EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$351,435LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$252,850LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$31,806BOYAmt
EOY$98,585EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,796BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,352,526BOYAmt
EOY$2,651,069EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$453,967BOYAmt
EOY$566,450EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$507,000BOYAmt
EOY$150,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$960,967BOYAmt
EOY$716,450EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,150,687BOYAmt
EOY$1,789,619EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$240,872BOYAmt
EOY$145,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,391,559BOYAmt
EOY$1,934,619EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,352,526BOYAmt
EOY$2,651,069EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$533,561ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$9,499NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,791,684CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,217,702CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,175,965CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,863,580CurrentTaxYearMinus1YearAmt
Current Tax Year$3,494,457CurrentTaxYearAmt
Total$25,543,388TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,791,684CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,217,702CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,175,965CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,863,580CurrentTaxYearMinus1YearAmt
Current Tax Year$3,494,457CurrentTaxYearAmt
Total$25,543,388TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$438,916SubstantialContributorsTotAmt
Public Support Total170$25,104,472PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$962CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,814CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,978CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,500CurrentTaxYearMinus1YearAmt
Current Tax Year$689CurrentTaxYearAmt
Total$8,943TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$165,246CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$95,122CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$108,371CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,737CurrentTaxYearMinus1YearAmt
Current Tax Year$14,358CurrentTaxYearAmt
Total$394,834TotalAmt
FieldValueIRS element (for citing)
Total Support$25,947,165TotalSupportAmt
Gross Receipts Rltd Activities$249,333GrossReceiptsRltdActivitiesAmt
Public Support CY1700.96750PublicSupportCY170Pct
Public Support PY1700.96960PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$130,638OtherCostOrOtherBasisAmt
Depreciation$93,555DepreciationAmt
Book Value$37,083BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$220,797OtherCostOrOtherBasisAmt
Depreciation$159,295DepreciationAmt
Book Value$61,502BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$98,585TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,555,882TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$9,499NetUnrealizedGainsInvstAmt
Revenue Not Reported$9,499RevenueNotReportedAmt
Revenue Subtotal$3,546,383RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,546,383TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$0TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$0ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$0TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationKFAM IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. KFAM IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. KFAM HAS ADOPTED ASC SECTION 740-10, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740-10 REQUIRES THAT AN ORGANIZATION RECOGNIZES IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AT JUNE 30, 2021 AND FOR THE YEAR THEN ENDED, KFAM HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1KFAM 2021 GOLF TOURNAMENTEvent1Nm
Gross Receipts Event1$41,954GrossReceiptsEvent1Amt
Charitable Contri Event1$14,358CharitableContriEvent1Amt
Gross Revenue Event1$27,596GrossRevenueEvent1Amt
Other Direct Expenses Event1$27,596OtherDirectExpensesEvent1Amt
Gross Receipts Total$41,954GrossReceiptsTotalAmt
Charitable Contributions Tot$14,358CharitableContributionsTotAmt
Gross Revenue Total Events$27,596GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$27,596OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$27,596DirectExpenseSummaryEventsAmt
Net Income Summary$0NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS CAREFULLY REVIEWED BY THE INTERNAL AFFAIRS COMMITTEE PRIOR TO FILING. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE COVERED PERSONS UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ALL COVERED PERSONS ARE REQUIRED TO PROVIDE FULL DISCLOSURE OF ANY BUSINESS, PERSONAL OR FINANCIAL INTEREST IN WHICH THE PERSON MIGHT INFLUENCE (OR APPEAR TO INFLUENCE) HIS OR HER OFFICIAL DECISIONS OR ACTION ON BEHALF OF KOREAN AMERICAN FAMILY SERVICES, INC. DISCLOSURE SHOULD BE MADE ON A TIMELY BASIS IN WRITING. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN EMPLOYEE MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE DIRECTOR CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FOR OFFICERS AND BOARD MEMBERS, IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, HE/SHE MUST DISCLOSE THE EXISTENCE OF THE TRANSACTION OR FINANCIAL INTEREST AND BE GIVEN TO THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR ITS COMMITTEE. BOARD MEMBERS ARE EXPECTED TO ABSTAIN FROM THE DISCUSSION AND VOTING ON MATTERS THAT PERTAIN TO ANY POTENTIAL CONFLICT THEY MAY HAVE. ALL BOARD MEMBERS, OFFICERS AND EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE.
FORM 990, PART VI, SECTION B, LINE 15AKOREAN AMERICAN FAMILY SERVICES, INC.'S BOARD OF DIRECTORS HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION AND BENEFITS OF THE EXECUTIVE DIRECTOR ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE EXECUTIVE DIRECTOR INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. OUTSIDE COMPENSATION & BENEFITS CONSULTANTS HAVE BEEN HIRED TO REVIEW AND EVALUATE ALL EMPLOYEE COMPENSATION PACKAGES, INCLUDING THAT OF THE EXECUTIVE DIRECTOR. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.