FEDERAL WAY KOREAN AMERICAN ASSOCIATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FEDERAL WAY KOREAN AMERICAN ASSOCIATION (EIN 26-4454681)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-21
IRS object ID
201602049349300100
Schema version
2015v2.1
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)
Return2016-07-21T22:56:38-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271376465PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHK GROUP PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12340 130TH AVE NE D202AddressLine1Txt
CityBELLEVUECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264454681EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FEDERAL WAY KOREAN AMERICANBusinessNameLine1Txt
Business Name Line2ASSOCIATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFEDEBusinessNameControlTxt
Phone2063358949PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3093AddressLine1Txt
CityFEDERAL WAYCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98063ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAE WOOK KIMPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2064452720PhoneNum
Signature2016-05-23SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSEONG H KIM CPAPreparerPersonNm
PTINP00306183PTIN
Phone4258693670PhoneNum
Preparation2016-07-21PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJAE WOOK KIMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15611 S 344TH CTAddressLine1Txt
CityAUBURNCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98001ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$190,105GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
Formation2009FormationYr
Legal Domicile StateWALegalDomicileStateCd
Activity Or MissionTO SEEK THE DEVELOPMENT OF THE KOREAN COMMUNITIES OF FEDERAL WAY AND ITS NEIGHBORING AREAS, TO DEVELOP KOREAN AMERICAN CULTURE AND HELP ARTICULATE THE SHARED VALUES OF KOREAN AMERICANS AS A COMMUNITY, AND TO PROMOTE COOPERATION AND BETTER UNDERSTANDING BETWEEN THE KOREAN AMERICAN COMMUNITY AND OTHER RACIAL/ETHNIC GROUPS IN THE U.S., INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.ActivityOrMissionDesc
Voting Members Governing Body30VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee20TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$30,955PYContributionsGrantsAmt
CY Contributions Grants$151,410CYContributionsGrantsAmt
PY Program Service Revenue$101,552PYProgramServiceRevenueAmt
CY Program Service Revenue$38,695CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$132,507PYTotalRevenueAmt
CY Total Revenue$190,105CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$30,108PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$34,468CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$104,346PYOtherExpensesAmt
CY Other Expenses$104,899CYOtherExpensesAmt
PY Total Expenses$134,454PYTotalExpensesAmt
CY Total Expenses$139,367CYTotalExpensesAmt
PY Revenues Less Expenses-$1,947PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$50,738CYRevenuesLessExpensesAmt
Total Assets BOY$74,448TotalAssetsBOYAmt
Total Assets EOY$125,186TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$74,448NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$125,186NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO SEEK THE DEVELOPMENT OF THE KOREAN COMMUNITIES OF FEDERAL WAY AND ITS NEIGHBORING AREAS, TO DEVELOP KOREAN AMERICAN CULTURE AND HELP ARTICULATE THE SHARED VALUES OF KOREAN AMERICANS AS A COMMUNITY, AND TO PROMOTE COOPERATION AND BETTER UNDERSTANDING BETWEEN THE KOREAN AMERICAN COMMUNITY AND OTHER RACIAL/ETHNIC GROUPS IN THE U.S., INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$86,211ExpenseAmt
DescKOREAN SCHOOL-TEACHING KOREAN & KOREAN CULTUREDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$50,139ExpenseAmt
DescKOREAN CULTURAL EVENTDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,017ExpenseAmt
DescSTUDENT SCHOLARSHIPDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$139,367TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee20EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Governing Body Voting Members30GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHEE JUNG LEEPersonNm
Phone2063358949PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line133310 PACIFIC HWY S 403AddressLine1Txt
CityFEDERAL WAYCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98003ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
HEE JUNG LEE
CHAIRMANYes (X)$0$0$0
YONG KYU KIM
CHAIRMANYes (X)$0$0$0
MIN SOO CHUN
TREASURER$0$0$0Yes (X)
JAE WOOK KIM
PRESIDENT$0$0$0Yes (X)
DAE HOON SUH
SECRETARY$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$11,390MembershipDuesAmt
All Other Contributions$140,020AllOtherContributionsAmt
Total Contributions$151,410TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSCHOOL CONTRIBUTIONSDesc
Total Revenue Column$38,695TotalRevenueColumnAmt
Related Or Exempt Func Income$38,695RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$38,695TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$190,105TotalRevenueColumnAmt
Related Or Exempt Func Income$38,695RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$31,134TotalAmt
Program Services$31,134ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$650TotalAmt
Program Services$650ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,684TotalAmt
Program Services$2,684ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,967TotalAmt
Program Services$5,967ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,954TotalAmt
Program Services$4,954ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,263TotalAmt
Program Services$1,263ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$16,437TotalAmt
Program Services$16,437ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$760TotalAmt
Program Services$760ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$332TotalAmt
Program Services$332ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,619TotalAmt
Program Services$4,619ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
MEALS - SCHOOL$15,928$15,928
DONATION$13,920$13,920
MEALS - STAFF$10,351$10,351
SUPPLIES$8,243$8,243

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,125TotalAmt
Program Services$22,125ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$139,367TotalAmt
Program Services$139,367ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$74,448BOYAmt
EOY$125,186EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$74,448BOYAmt
EOY$125,186EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$74,448BOYAmt
EOY$125,186EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$74,448BOYAmt
EOY$125,186EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$74,448BOYAmt
EOY$125,186EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$50,738ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

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

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$30,462CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,955CurrentTaxYearMinus1YearAmt
Current Tax Year$151,410CurrentTaxYearAmt
Total$212,827TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$30,462CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,955CurrentTaxYearMinus1YearAmt
Current Tax Year$151,410CurrentTaxYearAmt
Total$212,827TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$212,827PublicSupportTotal170Amt
Total Support$212,827TotalSupportAmt
Gross Receipts Rltd Activities$38,695GrossReceiptsRltdActivitiesAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTO SEEK THE DEVELOPMENT OF THE KOREAN COMMUNITIES OF FEDERAL WAY AND ITS NEIGHBORING AREAS, TO DEVELOP KOREAN AMERICAN CULTURE AND HELP ARTICULATE THE SHARED VALUES OF KOREAN AMERICANS AS A COMMUNITY, AND TO PROMOTE COOPERATION AND BETTER UNDERSTANDING BETWEEN THE KOREAN AMERICAN COMMUNITY AND OTHER RACIAL/ETHNIC GROUPS IN THE U.S., INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC
FORM 990, PART IX, LINE 24EEVENT 6,828 0 0 SCHOOL MATERIALS 6,819 0 0 SCHOLARSHIP 3,017 0 0 TEACHING TRAINING 1,651 0 0 DUES AND SUBSCRIPTIONS 985 0 0 UTILITIES 898 0 0 PUBLIC RELATIONS 837 0 0 SEMINAR 590 0 0 REPAIRS AND MAINTENANCE 444 0 0 BANK SERVICE CHARGES 46 0 0 TEACHING MATERIALS 10 0 0

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