FEDERAL WAY KOREAN AMERICAN ASSOCIATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
FEDERAL WAY KOREAN AMERICAN ASSOCIATION (EIN 26-4454681)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-09-09
IRS object ID
201512529349300136
Schema version
2014v5.0
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)
Return2015-09-09T14:11:35-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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)
PersonHEE JUNG LEEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2063358949PhoneNum
Signature2015-08-31SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSEONG H KIM CPAPreparerPersonNm
PTINP00306183PTIN
Phone4258693670PhoneNum
Preparation2015-09-09PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerHEE JUNG LEEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line133310 PACIFIC HWY S 403AddressLine1Txt
CityFEDERAL WAYCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98003ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$132,507GrossReceiptsAmt
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 Employee13TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$30,462PYContributionsGrantsAmt
CY Contributions Grants$30,955CYContributionsGrantsAmt
PY Program Service Revenue$93,321PYProgramServiceRevenueAmt
CY Program Service Revenue$101,552CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$123,783PYTotalRevenueAmt
CY Total Revenue$132,507CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$27,199PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$30,108CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$76,140PYOtherExpensesAmt
CY Other Expenses$104,346CYOtherExpensesAmt
PY Total Expenses$103,339PYTotalExpensesAmt
CY Total Expenses$134,454CYTotalExpensesAmt
PY Revenues Less Expenses$20,444PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,947CYRevenuesLessExpensesAmt
Total Assets BOY$76,395TotalAssetsBOYAmt
Total Assets EOY$74,448TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$76,395NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$74,448NetAssetsOrFundBalancesEOYAmt
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$89,652ExpenseAmt
DescKOREAN SCHOOL-TEACHING KOREAN & KOREAN CULTUREDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$42,302ExpenseAmt
DescKOREAN CULTURAL EVENTDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,500ExpenseAmt
DescSTUDENT SCHOLARSHIPDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$134,454TotalProgramServiceExpensesAmt
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 Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee13EmployeeCnt
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

FieldValueIRS element (for citing)
PersonHEE JUNG LEEPersonNm
TitlePRESIDENTTitleTxt
OfficerYes (X)OfficerInd
Reportable Comp From Org$0ReportableCompFromOrgAmt
Reportable Comp From Rltd Org$0ReportableCompFromRltdOrgAmt
Other Compensation$0OtherCompensationAmt
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$30,955GovernmentGrantsAmt
Total Contributions$30,955TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SCHOOL CONTRIBUTIONS$88,639$88,639
OTHER PROGRAM$12,913$12,913
FieldValueIRS element (for citing)
Total Program Service Revenue$101,552TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$132,507TotalRevenueColumnAmt
Related Or Exempt Func Income$101,552RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$27,711TotalAmt
Program Services$27,711ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,397TotalAmt
Program Services$2,397ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,745TotalAmt
Program Services$1,745ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,489TotalAmt
Program Services$5,489ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$890TotalAmt
Program Services$890ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$9,108TotalAmt
Program Services$9,108ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,077TotalAmt
Program Services$1,077ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
DONATION$23,215$23,215
RENT$18,450$18,450
OFFICE RENT$15,219$15,219
MEALS - STUDENTS$6,460$6,460

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,693TotalAmt
Program Services$22,693ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$134,454TotalAmt
Program Services$134,454ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$76,395BOYAmt
EOY$74,448EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$76,395BOYAmt
EOY$74,448EOYAmt

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$76,395BOYAmt
EOY$74,448EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$76,395BOYAmt
EOY$74,448EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$76,395BOYAmt
EOY$74,448EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,947ReconcilationRevenueExpnssAmt
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 Minus1 Year$30,462CurrentTaxYearMinus1YearAmt
Current Tax Year$30,955CurrentTaxYearAmt
Total$61,417TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$30,462CurrentTaxYearMinus1YearAmt
Current Tax Year$30,955CurrentTaxYearAmt
Total$61,417TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$61,417PublicSupportTotal170Amt
Total Support$61,417TotalSupportAmt
Gross Receipts Rltd Activities$101,552GrossReceiptsRltdActivitiesAmt
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 24EMEALS - STAFF 6,051 0 0 OFFICE SUPPLIES 5,261 0 0 SCHOLARSHIP 2,500 0 0 SUPPLIES 1,678 0 0 SUBCONTRACTOR 1,400 0 0 GIFTS 1,296 0 0 UTILITIES 901 0 0 PUBLIC RELATIONS 795 0 0 DUES AND SUBSCRIPTIONS 720 0 0 TEACHING MATERIALS 481 0 0 PROFESSIONAL SERVICE 429 0 0 CASUAL LABOR 380 0 0 REPAIRS AND MAINTENANCE 360 0 0 TEACHING TRAINING 270 0 0 BANK SERVICE CHARGES 171 0 0

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