KOREAN CULTURE CENTER OF AUSTIN INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
KOREAN CULTURE CENTER OF AUSTIN INC (EIN 46-2663855)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-08
IRS object ID
201622219349301962
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)
Return2016-08-08T13:37:16-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jae Jin Yang CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line113740 N HIGHWAY 183 STE K1AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78750ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN462663855EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KOREAN CULTURE CENTER OF AUSTIN INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKOREBusinessNameControlTxt
Phone5129705557PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111813 N LAMAR BLVDAddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78753ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFRED SHINPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5129705557PhoneNum
Signature2016-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAE JIN YANG CPAPreparerPersonNm
Phone5123421055PhoneNum
Preparation2016-08-08PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerFRED S SHINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1789AddressLine1Txt
CityBURNETCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78611ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$77,742GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressKCCAUSTIN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionPromoting social, cultural, educational and financial cooperation and understanding within the Korean-American community and with other communitites in the Greater Austin.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$131,893PYContributionsGrantsAmt
CY Contributions Grants$66,231CYContributionsGrantsAmt
CY Program Service Revenue$11,500CYProgramServiceRevenueAmt
PY Investment Income$69PYInvestmentIncomeAmt
CY Investment Income$11CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$131,962PYTotalRevenueAmt
CY Total Revenue$77,742CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,884CYTotalFundraisingExpenseAmt
PY Other Expenses$987PYOtherExpensesAmt
CY Other Expenses$15,233CYOtherExpensesAmt
PY Total Expenses$987PYTotalExpensesAmt
CY Total Expenses$15,233CYTotalExpensesAmt
PY Revenues Less Expenses$130,975PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$62,509CYRevenuesLessExpensesAmt
Total Assets BOY$531,300TotalAssetsBOYAmt
Total Assets EOY$606,882TotalAssetsEOYAmt
Total Liabilities BOY$95,949TotalLiabilitiesBOYAmt
Total Liabilities EOY$109,023TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$435,351NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$497,859NetAssetsOrFundBalancesEOYAmt
MissionPromoting social, cultural, educational and financial cooperation and understandingMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Activity1ActivityCd
Revenue$11,500RevenueAmt
DescPROMOTION: PROMOTING SOCIAL, CULTURAL, EDUCATIONALAND FINANCIAL COOPERATION AND UNDERSTANDING WITHIN THE KOREAN-AMERICAN COMMUNITY AND WITH OTHER COMMUNITIES IN THE GREATER AUSTIN AREA.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Activity2ActivityCd
Expense$7,864ExpenseAmt
DescSPACE: 1. PROVIDING A SPACE AND FORUM FOR REGULAR MEETINGS AND GATHERINGS WHERE KOREAN-AMERICAN INDIVIDUALS AND ORGANIZATION IN THE GREATER AUSTIN COMMUNITY AND OTHER INTERESTED INDIVIDUALS CAN VOICE CONCERNS AND IDEAS, ESTABLISH GOALS, AND PLAN TO MEET THOSE GOALS. 2. PROVIDING A SPACE AND HOSTING EVENTS AND PROGRAMS FOR THE KOREAN-AMERICAN ELDERLY RESIDING IN THE GREATER AUSTIN AREA. 3. PROVIDING A SPACE AND HOSTING EVENTS AND PROGRAMS DESIGNED TO PROMOTE UNDERSTANDING OF KOREAN HERITAGE, CULTDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$7,864TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
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 EquipmentYes (true)ReportLandBuildingEquipmentInd
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 ActivitiesYes (true)FundraisingActivitiesInd
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 OutstandingYes (true)LoanOutstandingInd
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
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHUN JA KANGPersonNm
Phone5125895057PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115526 CADOZ DRAddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78728ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
FRED S SHIN
PRESIDENTYes (X)Yes (X)
CHUN JA KANG
SECRETARYYes (X)Yes (X)
YONG LARK PARK
DIRECTORYes (X)Yes (X)
BYUNG SUN BEAUDOIN
DIRECTORYes (X)Yes (X)
GI JUN KIM
DIRECTORYes (X)Yes (X)
JAE JIN YANG
DIRECTORYes (X)Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$1,000MembershipDuesAmt
Fundraising$65,231FundraisingAmt
Total Contributions$66,231TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
Desc1Desc
Business711300BusinessCd
Total Revenue Column$11,500TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$11,500TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$11TotalRevenueColumnAmt
Exclusion$11ExclusionAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$65,231ContriRptFundraisingEventAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$77,742TotalRevenueColumnAmt
Related Or Exempt Func Income$11,500RelatedOrExemptFuncIncomeAmt
Exclusion$11ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,700TotalAmt
Program Services$0ProgramServicesAmt
Management And General$1,700ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$1,000FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$760TotalAmt
Program Services$0ProgramServicesAmt
Management And General$760ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,884TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$3,884FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,201TotalAmt
Program Services$5,201ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
UTILITIES$2,513$2,513$0$0
MAINTENANCE$150$150$0$0
LOCAL TAXES$25$0$25$0

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$15,233TotalAmt
Program Services$7,864ProgramServicesAmt
Management And General$2,485ManagementAndGeneralAmt
Fundraising$4,884FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$104,703BOYAmt
EOY$5,422EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$601,460LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$426,597BOYAmt
EOY$601,460EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$531,300BOYAmt
EOY$606,882EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$4,489EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$11,640EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$95,949BOYAmt
EOY$92,894EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$95,949BOYAmt
EOY$109,023EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
EOY$5,422EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$435,351BOYAmt
EOY$492,437EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$435,351BOYAmt
EOY$497,859EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$531,300BOYAmt
EOY$606,882EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$62,509ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY1700PublicSupportCY170Pct

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$319,957CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$131,893CurrentTaxYearMinus1YearAmt
Current Tax Year$65,231CurrentTaxYearAmt
Total$517,081TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$319,957CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$131,893CurrentTaxYearMinus1YearAmt
Current Tax Year$65,231CurrentTaxYearAmt
Total$517,081TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$517,081PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$517,081TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

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

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$65,471OtherCostOrOtherBasisAmt
Book Value$65,471BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$254,036OtherCostOrOtherBasisAmt
Book Value$254,036BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$281,953OtherCostOrOtherBasisAmt
Book Value$281,953BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$601,460TotalBookValueLandBuildingsAmt

Schedule G IRS990ScheduleG

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonFRED S SHINPersonNm
Relationship With OrgPRESIDENTRelationshipWithOrgTxt
Loan PurposeBUILDING MAINTENANCELoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$11,640OriginalPrincipalAmt
Balance Due$11,640BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$11,640TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 7aTHE GOVERNING BOARD RESERVES THE RIGHT TO APPOINT AND RECRUIT OTHER BOARD MEMBERS AS STATED IN OUR BOARD BYLAWS.
Pt VI, Line 11bTHE OFFICERS OF THE ORGANIZATION HAVE REVIEWED THE FORM 990 FOR ANY KNOW ERRORS TO ENSURE THE ORGANIZATION'S INTEGRITY
Pt VI, Line 19WE PROVIDE ANNUAL REPORTS ON LOCAL NEWSPAPERS

Comments

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