2017-10-06T14:13:18-05:00 2016-12-31 812737245 LOPEZ ACCOUNTING GROUP 3500 WEST OLIVE AVENUE SUITE 280 BURBANK CA 91505 990 2016-01-01 953899329 KOREAN AMERICAN FAMILY SERVICES INC KORE 2133896755 3727 WEST 6TH STREET NO 320 LOS ANGELES CA 90020 CONNIE CHUNG JOE EXECUTIVE DIRECTOR 2133896755 2017-09-27 1 JUAN P LOPEZ CPA P01367411 8188407075 2017-09-27 199.48.122.122 2017-09-27 10:39:23 PD P 33FF6A16BB6C059B1A46830D5DA4AF3F90CA5575 33FF6A16BB6C059B1A46830D5DA4AF3F90CA5575 2016 2018-03-14 21:41:22Z KFAM CONNIE CHUNG JOE 3727 WEST 6TH STREET NO 320 LOS ANGELES CA 90020 4984318 0 X WWW.KFAMLA.ORG X 1983 CA SUPPORT AND STRENGHTHEN KOREAN AMERICAN FAMILIES AND INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION AND OTHER SOCIAL SERVICES. 16 16 31 20 0 0 5292122 4879229 50435 58183 1426 1531 113018 0 5457001 4938943 0 39000 0 0 1099365 1076533 0 0 12829 4283279 3794539 5382644 4910072 74357 28871 1566977 1529950 623635 557737 943342 972213 SUPPORT AND STRENGHTHEN KOREAN AMERICAN FAMILIES AND INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION AND OTHER SOCIAL SERVICES. 0 0 3838011 CHILDREN SERVICES - PROVIDES TRAINING, ADVICE AND MONITORING TO HUNDREDS OF LICENSED CHILD DAY CARE PROVIDERS TO ENSURE THAT OVER 3,000 CHILDREN ENJOY NUTRITIOUS MEALS AND SNACKS EVERY DAY. ALSO, OVERSEES LICENSED IN-HOME DAY CARE PROVIDERS AND LICENSED DAY CARE CENTERS. 595368 58183 COUNSELING - FREE AND LOW COST COUNSELING SERVICES IN ENGLISH AND KOREAN IN THE AREAS OF DOMESTIC VIOLENCE, MARITAL PROBLEMS, PARENTING ISSUES, CHILD ABUSE, ALCOHOLISM, CHEMICAL DEPENDENCY, CULTURAL ADJUSTMENT AND ANGER MANAGEMENT. 243194 39000 EDUCATION AND OUTREACH - FREE SEMINARS AND WORKSHOPS TO MEET THE NEEDS OF THE KOREAN AMERICAN COMMUNITY IN LOS ANGELES ON SUCH TOPICS AS FINANCIAL ISSUES, PARENTING EDUCATION, STRESS MANAGEMENT, COMMUNICATION SKILLS, FAMILY CRISIS PREVENTION AND CONFLICT RESOLUTION. 4676573 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 31 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X CONNIE CHUNG JOE 2133896755 3727 WEST 6TH STREET NO 320 LOS ANGELES CA 90020 SUNNY KANG CHAIR 5.00 0.00 X X 0 0 0 TERI M LIM VICE-CHAIR 5.00 0.00 X X 0 0 0 YUN KIM TREASURER 5.00 0.00 X X 0 0 0 JULIE H YU SECRETARY 5.00 0.00 X X 0 0 0 JAE CHUNG DIRECTOR 5.00 0.00 X 0 0 0 ALVIN KANG DIRECTOR 5.00 0.00 X 0 0 0 YOUNG MIN KIM DIRECTOR 5.00 0.00 X 0 0 0 EUGENE KIMN DIRECTOR 5.00 0.00 X 0 0 0 BONITA LEE DIRECTOR 5.00 0.00 X 0 0 0 JOHN LEE DIRECTOR 5.00 0.00 X 0 0 0 CHRISTINE OH DIRECTOR 5.00 0.00 X 0 0 0 JINA PARK DIRECTOR 5.00 0.00 X 0 0 0 ALICE SONG DIRECTOR 5.00 0.00 X 0 0 0 JULIA SONG DIRECTOR 5.00 0.00 X 0 0 0 JULIE WHANG DIRECTOR 5.00 0.00 X 0 0 0 CHARLES YOO DIRECTOR 5.00 0.00 X 0 0 0 CONNIE CHUNG JOE EXECUTIVE DIRECTOR 40.00 0.00 X 90866 0 6071 90866 0 6071 0 0 0 0 0 125573 4048633 705023 4879229 COUNSELING FEES 624100 58183 58183 58183 1531 1531 45375 125573 45375 0 4938943 58183 0 1531 39000 39000 90866 72693 13630 4543 808083 695149 108012 4922 6534 5609 828 97 90925 77922 11631 1372 80125 68590 10415 1120 163790 132397 31249 144 9932 2648 7274 10 78952 72939 5817 196 112824 101549 11056 219 11450 11344 97 9 43119 23293 19817 9 19352 18927 348 77 26643 26056 480 107 DAYCARE FOOD REIMBURSEM 3312206 3312206 MISCELLANEOUS 16271 16251 16 4 4910072 4676573 220670 12829 391398 429083 78140 148837 1057723 900544 15043 7737 233003 191050 22877 41953 1796 1796 1566977 1529950 623635 557737 623635 557737 X 587717 615963 355625 356250 943342 972213 1566977 1529950 28871 0 X 0 1 X 1 1 1 X 5322543 5366928 5469796 5292122 4899222 26350611 5322543 5366928 5469796 5292122 4899222 26350611 26350611 192 1324 1486 1426 1531 5959 26356570 836055 0.99980 0.99710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80063 53258 26805 152940 137792 15148 41953 X 4889936 0 4889936 49007 49007 4938943 4861065 0 4861065 49007 49007 4910072 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 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. KFAM IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. KFAM HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATIONS (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 TECHNICAL MERITS OF THE POSITION. AT DECEMBER 31, 2016 AND FOR THE YEAR THEN ENDED, KFAM HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST. KFAM'S FEDERAL FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED DECEMBER 31, 2013 THROUGH 2015 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE CALIFORNIA FORMS 199, CALIFORNIA EXEMPT ORGANIZATION ANNUAL INFORMATION RETURN, FOR THE YEARS ENDED DECEMBER 31, 2012 THROUGH 2015 ARE SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS BACKED OUT FROM DIRECT EXPENSES FROM FUND RAISING EVENTS. 39,000. MISC. EXPENSES BACKED OUT FROM DIRECT EXPENSES FROM FUNDRAISING EVENTS. 10,007. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS BACKED OUT FROM DIRECT EXPENSES FROM FUND RAISING EVENTS. 39,000. MISC. EXPENSES BACKED OUT FROM DIRECT EXEPENSES FROM FUNDRAISING EVENTS. 10,007. GALA 170948 125573 45375 27464 17911 170948 125573 45375 27464 17911 45375 0 1 SCHOLARSHIPS FOR EDUCATIONAL AND ACADEMIC NEEDS. 44 39000 PART I, LINE 2: KFAM WILL DISBURSE THE SCHOLARSHIP AWARD DIRECTLY TO THE SOCIAL WORKER OR TO THE ORGANIZATION WHERE THE RECIPIENTS ARE TO RECEIVE EDUCATION OR SERVICE. ONCE THE FUND IS DISBURSED, KFAM WILL FOLLOW UP WITH THE ORGANIZATION AND/OR THE RECIPIENTS TO MAKE SURE THAT THAT AWARD HAS BEEN USED FOR ITS INTENDED PURPOSE. IF FOLLOW UP IS NOT POSSIBLE, ADMINISTRATOR WILL INFORM THE SCHOLARSHIP COMMITTEE. KFAM WILL KEEP PROPER DOCUMENTATION OF THE DISBURSEMENT RECORD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS CAREFULLY REVIEWED BY THE INTERNAL AFFAIRS COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. BOARD MEMBERS ARE EXPECTED TO ABSTAIN FROM DISCUSSION AND VOTING ON MATTERS THAT MAY BE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND APPROVES COMPENSATION AND BENEFITS. THE BOARD CONSIDERS SKILLS, EXPERIENCE, PERFORMANCE, COMPARABLE SALARIES AND THE FINANCIAL CONDITION OF THE ORGANIZATION WHEN SETTING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.