2014-03-01T13:17:06-06:00 2013-06-30 202227407 Choi Kim & Park LLP 3435 Wilshire Blvd Suite 2240 Los Angeles CA 90010 990 2012-07-01 953779389 KOREATOWN YOUTH AND COMMUNITY CENTER KORE 2133657400 3727 W SIXTH STREET No 300 LOS ANGELES CA 90020 JOHNG HO SONG 2133657400 2014-02-28 1 Kiho Choi P00545677 2134809100 2012 2016-02-25 16:41:14Z JOHNG HO SONG 3727 W SIXTH STREET No 300 LOS ANGELES CA 90020 5101861 0 X WWW.KYCCLA.ORG X 1982 CA TO PROVIDE A CONTINUUM OF COMMUNITY-BASED SERVICES TO THE CHILDREN AND FAMILIES OF KOREATOWN. 16 16 0 552 0 0 2587715 2657103 2248601 2330002 1335 1331 40856 33090 4878507 5021526 0 0 0 0 3165533 3440406 0 0 154833 1535922 1504522 4701455 4944928 177052 76598 4293232 4310615 2115620 2056404 2177612 2254211 X KYCC'S PROGRAMS AND SERVICES ARE DIRECTED TOWARD RECENTLY IMMIGRATED, ECONOMICALLY DISADVANTAGED YOUTH AND THEIR FAMILIES, AND PROMOTE COMMUNITY SOCIO-ECONOMIC EMPOWERMENT. 0 0 941644 690532 THE ENVIRONMENTAL SERVICES UNIT PROVIDES FREE TREE PLANTING, TREE DISTRIBUTION, GRAFFITI REMOVAL, COMMUNITY CLEAN-UPS, AND ENVIRONMENTAL EDUCATION IN KOREATOWN AND CENTRAL AND SOUTH LOS ANGELES. KYCC BEAUTIFIES CANOPY-POOR AREAS OF LOS ANGELES BY PLANTING STREET TREES AND BY DISTRIBUTING FREE TREES TO PROPERTY OWNERS THROUGH THE MAYOR'S MILLION TREES LA PROGRAM. KYCC ALSO PROVIDES GRAFFITI REMOVAL AND COMMUNITY CLEAN-UP SERVICES, FREE OF CHARGE, SEVEN DAYS A WEEK, FOR KOREATOWN AND CENTRAL LOS ANGELES. THROUGH NEIGHBORHOOD BEAUTIFICATION AND ENVIRONMENTAL EDUCATION, KYCC IS HELPING TO MAKE LOS ANGELES A SAFE, HEALTHY AND MORE BEAUTIFUL COMMUNITY. 976665 THE CLINICAL SERVICES UNIT IS HOUSED AT THE WILTON SITE. KYCC OFFERS CULTURALLY COMPETENT MENTAL HEALTH SERVICES FOR LOW-INCOME CHILDREN, YOUTH, AND THEIR FAMILIES. INDIVIDUAL, GROUP, AND FAMILY THERAPY IS PROVIDED FREE OF CHARGE IN OUT-PATIENT, SCHOOL-BASED, AND IN-HOME SETTINGS THROUGH CONTRACTS WITH THE COUNTY DEPARTMENT OF MENTAL HEALTH, COUNTY DEPARTMENT OF CHILDREN AND FAMILY SERVICES, AND OTHER FUNDERS. SERVICES ALSO INCLUDE MEDICATION MANAGEMENT, INDIVIDUAL AND FAMILY-BASED CASE MANAGEMENT, CHILD ABUSE PREVENTION/INTERVENTION, AND PARENTING EDUCATION. ALL SERVICES ARE AVAILABLE IN ENGLISH, SPANISH, AND KOREAN. 793085 500021 KYCC'S CHILDREN'S CENTER PROVIDES EARLY CHILDHOOD EDUCATION FOR CHILDREN AGES TWO AND A HALF MONTHS TO FIVE YEARS. THE CENTER'S PROGRESSIVE PHILOSOPHY EMPHASIZES CREATIVE EXPLORATION IN A DEVELOPMENTALLY APPROPRIATE ENVIRONMENT, WHERE CHILDREN CAN LEARN, GROW, AND DEVELOP AT THEIR OWN PACE. CHILDREN ARE FREE TO CHOOSE FROM A VARIETY OF TEACHER-DIRECTED AND CHILD-INITIATED ACTIVITIES INCLUDING DRAMATIC PLAY, LANGUAGE AND LITERACY ACTIVITIES, BLOCKS AND OTHER MANIPULATIVE ACTIVITIES, PAINTING AND ART ACTIVITIES, COOKING, GARDENING, AND ACTIVE OUTDOOR EXPLORATION. ACTIVITIES ARE DESIGNED TO PROMOTE HIGH SELF-ESTEEM, INDEPENDENT LEARNING, AND LIFE-LONG FEELINGS OF COMPETENCE. THE CENTER IS OPEN MONDAY THROUGH FRIDAY, 7AM-6PM, YEAR ROUND TO MEET THE NEEDS OF WORKING FAMILIES. 1787025 1172539 KYCC HAS PROVIDED YOUTH SERVICES, ECONOMIC DEVELOPMENT SERVICES AND AFFORDABLE HOUSING. YOUTH SERVICES INCLUDE, BUT ARE NOT LIMITED TO, ELEMENTARY TUTORIAL PROGRAM (AFTER-SCHOOL PROGRAM), FULL-DAY INSTRUCTION TO KINDERGARDTEN ~ 5TH GRADE STUDENTS DURING SCHOOL VACATIONS, TUTORIAL EDUCATION AND MENORING PROGRAM, THE TREEHOUSE YOUTH CENTER (SAFE PLACE FOR MIDDLE & HIGH SCHOOL STUDENTS), CROSSROADS MIDDLE SCHOOL PROGRAM, YOUTH DRUG ABUSE PREVENTION PROGRAM, GANG REDUCTION & YOUTH DEVELOPMENT PROGRAM, AND YOUTH SKILLS PROGRAM. COMMUNITY ECONOMIC DEVELOPMENT INCLUDES, BUT IS NOT LIMITED TO, FREE TAX PREPARATION, TAX TIME SAVINGS, CONSUMER ADVOCACY AND EDUCATION, AND FINANCIAL EDUCATION. KYCC PROVIDES 208 UNITS OF AFFORDABLE HOUSING TO THE KOREATOWN COMMUNITY. TWO OF THE BUILDINGS, ON WILTON PLACE AND MENLO STREET, ARE MIXED-USE FACILITIES, HOUSING KYCC OFFICES AND PROGRAMS WHILE THE UPPER FLOORS HOUSE AFFORDABLE RESIDENTIAL UNITS. 1787025 1172539 4498419 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 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 1 1 1 CA X X JOE ST JOHN 2133657400 3727 W SIXTH STREET STE 300 LOS ANGELES CA 90020 EDWARD K KIM 2.00 X 0 0 0 NITA SONG 2.00 X 0 0 0 MIN KIM 2.00 X 0 0 0 FRANCIS Y PARK 2.00 X 0 0 0 DANIEL C CHANG 2.00 X 0 0 0 PATTY YOON 2.00 X 0 0 0 DARREN M KAUFMAN 2.00 X 0 0 0 DANIEL KIM 2.00 X 0 0 0 EDWARD KIM 2.00 X 0 0 0 KAYLYNN L KIM ESQ 2.00 X 0 0 0 PAUL T KIM CMP 2.00 X 0 0 0 RICHARD KIM 2.00 X 0 0 0 JEAN Y LIM 2.00 X 0 0 0 SHARON O'ROURKE 2.00 X 0 0 0 ED PAI PHD 2.00 X 0 0 0 PATRICIA L WATTS 2.00 X 0 0 0 JOHNG HO SONG 40.00 X 148848 0 22531 SAM JOO 40.00 X 96385 0 10149 JOSEPH ST JOHN 40.00 X 92164 0 9726 BYRON SHINYAMA 40.00 X 81486 0 19709 418883 0 62115 1 0 1 0 0 268405 1625760 762938 53492 2657103 YOUTH SERVICES 611710 819151 819151 ENVIRONMENTAL SERVICES 811000 690532 690532 CHILDCARE 611710 500021 500021 HOUSING 532000 250306 250306 ECONOMIC DEVELOPMENT 561499 42804 42804 27188 27188 2330002 1331 1331 80335 268405 80335 0 OTHER REVENUE 999999 33090 33090 33090 5021526 2363092 0 1331 398201 160427 207888 29886 2319515 2000337 267835 51343 47719 29061 16358 2300 459458 358562 85511 15385 215513 174730 34870 5913 3960 3960 12000 12000 385546 306196 79179 171 7490 3096 4224 170 50895 36714 12933 1248 72633 52296 18158 2179 290245 246310 36880 7055 28650 27784 602 264 16090 2331 10707 3052 5629 5629 105394 48910 56484 32553 985 31568 Other expense in rental 272368 272368 Program events, supplie 159356 142145 16616 595 Automobile 58866 58866 Loss in Partnership 2847 2847 574454 -609726 35272 4944928 4498419 291676 154833 480816 530515 620 1076481 1153499 2782 2712 3363007 1081617 2387187 2281390 345346 342499 4293232 4310615 356983 342854 96171 212334 1003855 993855 658611 507361 2115620 2056404 X 2093530 2135461 84082 118750 2177612 2254211 4293232 4310615 76598 0 X X 0 1 X 1 1 1 X 2156642 1737322 2610827 2754500 2836930 12096221 2156642 1737322 2610827 2754500 2836930 12096221 12096221 -4042 10630 10242 1335 1331 19496 25464 174755 33090 233309 12349026 6513061 0.97950 0.98030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3174545 909519 2265026 188462 172098 16364 2281390 INVESTMENT IN LP 342499 F 342499 ACCRUED INTEREST PAYABLE TO THE CITY OF LOS ANGELES 507361 507361 5286044 130691 133827 264518 5021526 0 5021526 5209445 130691 133827 264518 4944927 0 4944927 Part XI, Line 2d - Other Adjustments: Fundraising (cash) Fundraising (non-cash) Contribution portion from Fundraising event Part XII, Line 2d - Other Adjustments: Fundraising (cash) Fundraising (non-cash) Contribution portion from Fundraising event PART XII, LINE 2d and PART XIII, LINE 2d CONSIST OF FUNDRAING EXPENSES OF $80,335, AND NON-CASH CONTRIBUTIONS (TOYS, BOOKS, ETC) OF $53,492. PART XII, LINE 2b : KYCC maintains a tax-exempt status under sections 501(c)(3) of the Internal Revenue Code and 23701(d) of the State of California, Revenue and Taxation Code. KYCCs form 990, Return of Organization Exempt from Income Taxes for the years ended June30, 2013, 2012 and 2011 are subject to examination by the IRS and FTB, generally for three years after they were filed. As required by the Income Taxes Topic for the FASB ASC, KYCC recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. KYCC does not believe its financial statements include any uncertain tax positions. Concert 279423 224425 54998 54998 Golf 46686 31744 14942 14942 1 22630 12235 10395 10395 348739 268404 80335 80335 80335 0 X X X X 0 0 0 0 0 0 0 0 0 JOHNG HO SONG 148848 0 0 0 0 0 22531 0 0 0 171379 0 0 0 Part I, Line 3 IN JANUARY 2006, THE EXECUTIVE COMMITTEE RECOMMENDED AN ADJUSTMENT TO THE EXECUTIVE DIRECTOR'S COMPENSATION TO THE CURRENT LEVEL, AND IN 2011 IT RECOMMENDED AN ADJUSTMENT TO THE CHIEF OPERATING OFFICER'S COMPENSATION TO THE CURRENT LEVEL. THERE WAS A REVIEW BY MEMBERS OF THE EXECUTIVE COMMITTEE AND APPROVAL FROM THE FULL BOARD. MODIFICATIONS TO COMPENSATION, INCLUDING BENEFITS, OF THE EXECUTIVE DIRECTOR AND CHIEF OPERATING/FINANCIAL OFFICER ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, IF SUCH MODIFICATIONS ARE NOT SUBSTANTIALLY SHARED BY ALL EMPLOYEES. COMPARABLE DATA, COMPENSATION SURVEYS, AND OTHER MEANS ARE USED TO DETERMINE THAT THE COMPENSATION IS JUST AND REASONABLE. X Toys, Books, and others 25 34897 FMV X Food, and Beverage 2 950 FMV X Ticket, Coupone, and Gift card 22 14721 FMV X Rental & Service 4 2923 FMV 0 0 0 Form 990, Part VI, Section B, line 11 Form 990, Part VI, Section B, line 11: A draft of Form 990 was provided to the organization's Board of Directors prior to filing. In compliance with the California Nonprofit Integrity Act of 2004 (SB 1262), the Audit Committee conferred with the independent auditors to satisfy members of the financial affairs of the organization. The Audit Committee determined to accept the audit and submitted its opinion to accept the audited financials to a full vote of the Board of Directors. The Board of Directors accepted the audit. The audited financial statements were the basis for completing the Form 990. Prior to filing, the Form 990 was distributed to the full Board along with an executive summary provided by the Chief Operating Officer. A period for questions and clarifications about the Form 990 was provided to the board and any items of concern were addressed prior to filing. Form 990, Part VI, Section B, line 12c Form 990, Part VI, Section B, line 12c: The organization's conflict of interest policy covers all board members and staff members. Board members are introduced to the policy during their initial orientation and are expected to disclose potential conflicts with the Executive Director and/or a member of the Executive Committee. On an annual basis, the Board of Directors reviews the policy (during the June meeting or, if cancelled, the first Board of Directors meeting thereafter). The Executive Committee has the authority to review any claims of conflict of interest. If conflicts of interest exist, members are prohibited from participating in the governing body's deliberations and decisions in any matter in which they may have such conflict of interest. Staff is introduced to the policy during their new hire orientation. The management team is responsible for reporting any potential conflicts of interest to the Executive Director. If the Executive Director finds merit in the report, a report is forwarded to the Executive Committee of the Board of Directors. Form 990, Part VI, Section B, line 15 IN JANUARY 2006, THE EXECUTIVE COMMITTEE RECOMMENDED AN ADJUSTMENT TO THE EXECUTIVE DIRECTOR'S COMPENSATION TO THE CURRENT LEVEL, AND IN 2011 IT RECOMMENDED AN ADJUSTMENT TO THE CHIEF OPERATING OFFICER'S COMPENSATION TO THE CURRENT LEVEL. THERE WAS A REVIEW BY MEMBERS OF THE EXECUTIVE COMMITTEE AND APPROVAL FROM THE FULL BOARD. MODIFICATIONS TO COMPENSATION, INCLUDING BENEFITS, OF THE EXECUTIVE DIRECTOR AND CHIEF OPERATING/FINANCIAL OFFICER ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, IF SUCH MODIFICATIONS ARE NOT SUBSTANTIALLY SHARED BY ALL EMPLOYEES. COMPARABLE DATA, COMPENSATION SURVEYS, AND OTHER MEANS ARE USED TO DETERMINE THAT THE COMPENSATION IS JUST AND REASONABLE. Form 990, Part VI, Section C, line 19 FINANCIAL STATEMENTS FOR THE MOST CURRENT YEAR ARE AVAILABLE ON THE KYCC WEBSITE AND IN PERSON, UPON REQUEST. CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE NOT GENERALLY MADE AVAILABLE BUT CONSIDERATION WOULD BE MADE TO A WRITTEN REQUEST. FORM 990, PAGE 12, PART XII, LINE 2B : THERE IS NO CHANGE FROM THE PRIOR YEAR ON KYCC'S OVERSIGHT ON FINANCIAL STATEMENTS. AUDIT COMMITTEE APPOINTS THE INDEPENDENT AUDITORS EACH YEAR, AND THE INDEPENDENT AUDITORS REPORT THE AUDITED FINANCIAL STATEMENTS TO THE AUDIT COMMITTEE, WHICH IN TURN REPORTS TO THE FULL BOARD WHEN IT ACCEPTS THE AUDITED FINANCIAL STATEMENTS.