KOREAN AMERICAN FAMILY SERVICES INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
KOREAN AMERICAN FAMILY SERVICES INC (EIN 95-3899329)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202133199349322193
Schema version
2020v4.1
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)
Return2021-11-15T16:17:11-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN330700332PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VASQUEZ & CO 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 Begin2020-01-01TaxPeriodBeginDt

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 NO 320AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90020ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHERINE YEOMPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2133896755PhoneNum
Signature2021-11-12SignatureDt
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 Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
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$5,942,812GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.KFAMLA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1983FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionSUPPORT AND STRENGTHEN KOREAN AMERICAN FAMILIES AND INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION, AND OTHER SOCIAL SERVICES.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee46TotalEmployeeCnt
Total Volunteers33TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,175,965PYContributionsGrantsAmt
CY Contributions Grants$5,863,580CYContributionsGrantsAmt
PY Program Service Revenue$51,795PYProgramServiceRevenueAmt
CY Program Service Revenue$63,995CYProgramServiceRevenueAmt
PY Investment Income$1,978PYInvestmentIncomeAmt
CY Investment Income$3,500CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$6,229,738PYTotalRevenueAmt
CY Total Revenue$5,931,075CYTotalRevenueAmt
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$2,025,981PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,309,715CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$19,177CYTotalFundraisingExpenseAmt
PY Other Expenses$4,073,101PYOtherExpensesAmt
CY Other Expenses$3,558,226CYOtherExpensesAmt
PY Total Expenses$6,099,082PYTotalExpensesAmt
CY Total Expenses$5,867,941CYTotalExpensesAmt
PY Revenues Less Expenses$130,656PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$63,134CYRevenuesLessExpensesAmt
Total Assets BOY$1,836,765TotalAssetsBOYAmt
Total Assets EOY$2,352,526TotalAssetsEOYAmt
Total Liabilities BOY$518,153TotalLiabilitiesBOYAmt
Total Liabilities EOY$960,967TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,318,612NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,391,559NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSUPPORT AND STRENGTHEN KOREAN AMERICAN FAMILIES AND INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION AND OTHER SOCIAL SERVICES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,271,354ExpenseAmt
Revenue$63,995RevenueAmt
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$916,871ExpenseAmt
Revenue$0RevenueAmt
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$924,684ExpenseAmt
Revenue$0RevenueAmt
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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$1,449,984ExpenseAmt
Revenue$0RevenueAmt
DescCOUNSELING PROGRAMS & DPH-KFAM PROVIDES FREE AND LOW-COST 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$1,449,984TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$5,562,893TotalProgramServiceExpensesAmt
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 Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee46EmployeeCnt
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

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
SUNNY KANG
DIRECTOR5.00Yes (X)$0$0$0
YUN KIM
DIRECTOR5.00Yes (X)$0$0$0
LISA YANG
SECRETARY5.00Yes (X)$0$0$0Yes (X)
CHARLES YOO
VICE-CHAIRPERSON5.00Yes (X)$0$0$0Yes (X)
JAE CHUNG
DIRECTOR5.00Yes (X)$0$0$0
SAMANTHA HAN
DIRECTOR5.00Yes (X)$0$0$0
EUGENE KIM
TREASURER5.00Yes (X)$0$0$0Yes (X)
ANTHONY KIM
DIRECTOR5.00Yes (X)$0$0$0
CHRISTINE OH
DIRECTOR5.00Yes (X)$0$0$0
NANCY PAK
PRESIDENT/CHAIRPERSON5.00Yes (X)$0$0$0Yes (X)
JINA PARK
DIRECTOR5.00Yes (X)$0$0$0
ANGELA YOON
DIRECTOR5.00Yes (X)$0$0$0
ELISA LEE
DIRECTOR5.00Yes (X)$0$0$0
CONNIE CHUNG JOE
FORMER EXECUTIVE DIRECTOR40.00$71,736$0$8,560Yes (X)
KATHERINE YEOM
EXECUTIVE DIRECTOR40.00$111,627$0$7,150Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$183,363TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$15,710TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$139,670FundraisingAmt
Government Grants$4,632,778GovernmentGrantsAmt
All Other Contributions$1,091,132AllOtherContributionsAmt
Total Contributions$5,863,580TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICE FEESDesc
Business813319BusinessCd
Total Revenue Column$63,995TotalRevenueColumnAmt
Related Or Exempt Func Income$63,995RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$63,995TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,500TotalRevenueColumnAmt
Exclusion$3,500ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$11,737FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$139,670ContriRptFundraisingEventAmt
Fundraising Direct Expenses$11,737FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

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

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,931,075TotalRevenueColumnAmt
Related Or Exempt Func Income$63,995RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,500ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$199,073TotalAmt
Program Services$186,020ProgramServicesAmt
Management And General$11,538ManagementAndGeneralAmt
Fundraising$1,515FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,785,569TotalAmt
Program Services$1,668,506ProgramServicesAmt
Management And General$103,530ManagementAndGeneralAmt
Fundraising$13,533FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,525TotalAmt
Program Services$1,428ProgramServicesAmt
Management And General$85ManagementAndGeneralAmt
Fundraising$12FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$172,351TotalAmt
Program Services$160,702ProgramServicesAmt
Management And General$10,313ManagementAndGeneralAmt
Fundraising$1,336FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$151,197TotalAmt
Program Services$141,264ProgramServicesAmt
Management And General$8,725ManagementAndGeneralAmt
Fundraising$1,208FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$232,754TotalAmt
Program Services$226,877ProgramServicesAmt
Management And General$5,499ManagementAndGeneralAmt
Fundraising$378FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$121,575TotalAmt
Program Services$120,777ProgramServicesAmt
Management And General$737ManagementAndGeneralAmt
Fundraising$61FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$142,250TotalAmt
Program Services$128,680ProgramServicesAmt
Management And General$13,570ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,946TotalAmt
Program Services$6,411ProgramServicesAmt
Management And General$535ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$35,053TotalAmt
Program Services$4,937ProgramServicesAmt
Management And General$30,116ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,406TotalAmt
Management And General$2,406ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$16,618TotalAmt
Program Services$15,517ProgramServicesAmt
Management And General$971ManagementAndGeneralAmt
Fundraising$130FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$32,751TotalAmt
Program Services$30,687ProgramServicesAmt
Management And General$1,771ManagementAndGeneralAmt
Fundraising$293FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
REIMBURSEMENT TO PROVID$1,939,388$1,939,388$0$0
CLIENT SUPPORT$751,111$704,917$46,194$0
REPAIRS & MAINTENANCE$70,046$66,245$3,521$280
DUES & SUBSCRIPTION$62,109$28,876$33,233$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$145,219TotalAmt
Program Services$131,661ProgramServicesAmt
Management And General$13,127ManagementAndGeneralAmt
Fundraising$431FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,867,941TotalAmt
Program Services$5,562,893ProgramServicesAmt
Management And General$285,871ManagementAndGeneralAmt
Fundraising$19,177FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$536,884BOYAmt
EOY$1,268,673EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$158,027BOYAmt
EOY$170,682EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,115,034BOYAmt
EOY$864,864EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$14,705EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$276,260LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$244,454LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$25,024BOYAmt
EOY$31,806EOYAmt

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,836,765BOYAmt
EOY$2,352,526EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$518,153BOYAmt
EOY$453,967EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$518,153BOYAmt
EOY$960,967EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,088,612BOYAmt
EOY$1,150,687EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$230,000BOYAmt
EOY$240,872EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,318,612BOYAmt
EOY$1,391,559EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,836,765BOYAmt
EOY$2,352,526EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$63,134ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$9,813NetUnrlzdGainsLossesInvstAmt
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$4,879,229CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,791,684CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,217,702CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,175,965CurrentTaxYearMinus1YearAmt
Current Tax Year$5,863,580CurrentTaxYearAmt
Total$26,928,160TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,879,229CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,791,684CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,217,702CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,175,965CurrentTaxYearMinus1YearAmt
Current Tax Year$5,863,580CurrentTaxYearAmt
Total$26,928,160TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$395,583SubstantialContributorsTotAmt
Public Support Total170$26,532,577PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,531CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$962CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,814CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,978CurrentTaxYearMinus1YearAmt
Current Tax Year$3,500CurrentTaxYearAmt
Total$9,785TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$45,375CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$165,246CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$95,122CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,371CurrentTaxYearMinus1YearAmt
Current Tax Year$11,737CurrentTaxYearAmt
Total$425,851TotalAmt
FieldValueIRS element (for citing)
Total Support$27,363,796TotalSupportAmt
Gross Receipts Rltd Activities$270,637GrossReceiptsRltdActivitiesAmt
Public Support CY1700.96960PublicSupportCY170Pct
Public Support PY1700.98930PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II SECTION B LINE 10FormAndLineReferenceDesc
Explanation2016 GROSS FUNDRAISING INCOME = $45,375 2017 GROSS FUNDRAISING INCOME = $165,246 2018 GROSS FUNDRAISING INCOME = $95,122 2019 GROSS FUNDRAISING INCOME = $108,371 2020 GROSS FUNDRAISING INCOME = $11,737ExplanationTxt

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$106,164OtherCostOrOtherBasisAmt
Depreciation$76,524DepreciationAmt
Book Value$29,640BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$170,096OtherCostOrOtherBasisAmt
Depreciation$167,930DepreciationAmt
Book Value$2,166BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$31,806TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,940,888TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$9,813NetUnrealizedGainsInvstAmt
Revenue Not Reported$9,813RevenueNotReportedAmt
Revenue Subtotal$5,931,075RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,931,075TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,867,941TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$5,867,941ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,867,941TotalExpensesPerForm990Amt

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 DECEMBER 31, 2020 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)
Event1ANNUAL AWARDS DINNEREvent1Nm
Gross Receipts Event1$151,407GrossReceiptsEvent1Amt
Charitable Contri Event1$139,670CharitableContriEvent1Amt
Gross Revenue Event1$11,737GrossRevenueEvent1Amt
Other Direct Expenses Event1$11,737OtherDirectExpensesEvent1Amt
Gross Receipts Total$151,407GrossReceiptsTotalAmt
Charitable Contributions Tot$139,670CharitableContributionsTotAmt
Gross Revenue Total Events$11,737GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$11,737OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$11,737DirectExpenseSummaryEventsAmt
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.
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.

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