2022-05-16T12:58:45-05:00 2021-06-30 330700332 VASQUEZ & COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2021-01-01 953899329 KOREAN AMERICAN FAMILY SERVICES INC KORE 2133896755 3727 WEST 6TH STREET 320 LOS ANGELES CA 90020 KATHERINE YEOM EXECUTIVE DIRECTOR 2133896755 2022-05-14 1 KATHERINE YEOM 888008888 REGINA L PRINCE CPA P00576936 2138731700 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KATHERINE YEOM 3727 WEST 6TH STREET STE 320 LOS ANGELES CA 90020 3573979 0 X WWW.KFAMLA.ORG X 1983 CA TO EMPOWER UNDERSERVED KOREAN AMERICAN AND ASIAN PACIFIC ISLANDER FAMILIES THROUGH CULTURALLY RESPONSIVE PROGRAMS. 13 13 43 27 0 0 5863580 3508815 63995 36879 3500 689 0 0 5931075 3546383 0 0 0 0 2309715 1174246 0 0 14044 3558226 1838576 5867941 3012822 63134 533561 2352526 2651069 960967 716450 1391559 1934619 X TO 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. 0 0 1261914 36879 CHILD 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. 411777 DOMESTIC 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. 766983 ASIAN 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. 372953 COUNSELING 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. 372953 2813627 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 43 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X KATHERINE YEOM 2133896755 3727 WEST 6TH ST STE 320 LOS ANGELES CA 90020 X CHARLES YOO VICE-CHAIRPERSON 2.00 X X 0 0 0 EUGENE KIM TREASURER 1.00 X X 0 0 0 LISA YANG SECRETARY 1.00 X X 0 0 0 ELISA LEE DIRECTOR 1.00 X 0 0 0 HENRY BYUN DIRECTOR 1.00 X 0 0 0 BRIAN CHOI DIRECTOR 1.00 X 0 0 0 SAMANTHA HAN DIRECTOR 1.00 X 0 0 0 ANTHONY KIM DIRECTOR 1.00 X 0 0 0 YUN KIM DIRECTOR 1.00 X 0 0 0 CHRISTINE OH DIRECTOR 1.00 X 0 0 0 JAY PARK DIRECTOR 1.00 X 0 0 0 JINA PARK DIRECTOR 1.00 X 0 0 0 NANCY PAK BOARD CHAIR 2.00 X X 0 0 0 KATHERINE YEOM EXECUTIVE DIRECTOR 45.00 X 0 0 0 0 0 0 0 0 0 0 0 14358 2806153 688304 3508815 PROGRAM SERVICE FEES 813319 36879 36879 36879 689 689 27596 14358 27596 0 3546383 36879 0 689 1001663 946319 45129 10215 88356 83461 3986 909 84227 79704 3643 880 70325 65805 4282 238 27677 27677 35916 34706 903 307 100452 82477 17975 3237 2774 463 12311 1311 11000 2063 2063 8397 8397 25518 24301 893 324 PROGRAM EXPENSES 1081927 1081927 CLIENT SUPPORT 332741 302980 29761 REPAIRS & MAINTENANCE 55471 52245 2424 802 BAD DEBTS 26641 26641 55900 27940 27591 369 3012822 2813627 185151 14044 1268673 1501379 170682 180639 864864 847584 14705 22882 351435 252850 31806 98585 1796 0 2352526 2651069 453967 566450 507000 150000 960967 716450 X 1150687 1789619 240872 145000 1391559 1934619 2352526 2651069 533561 9499 0 X 0 1 X 1 1 1 X 4791684 5217702 6175965 5863580 3494457 25543388 4791684 5217702 6175965 5863580 3494457 25543388 438916 25104472 962 1814 1978 3500 689 8943 165246 95122 108371 11737 14358 394834 25947165 249333 0.96750 0.96960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130638 93555 37083 220797 159295 61502 98585 X 3555882 9499 9499 3546383 0 3546383 0 0 0 0 0 PART X, LINE 2: KFAM 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. KFAM 2021 GOLF TOURNAMENT 41954 14358 27596 27596 41954 14358 27596 27596 27596 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 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 12C ALL 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 15A KOREAN 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 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.