2026-05-07T12:10:49-05:00 2025-06-30 330700332 VASQUEZ & COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2024-07-01 953899329 KOREAN AMERICAN FAMILY SERVICES INC KORE 2133896755 3727 WEST 6TH STREET 320 LOS ANGELES CA 90020 KATHERINE YEOM EXECUTIVE DIRECTOR 2133896755 2026-05-06 1 1 REGINA L PRINCE CPA P00576936 2138731700 2024 2025-03-06 01:10:19Z KATHERINE YEOM 3727 WEST 6TH STREET 320 LOS ANGELES CA 90020 9585942 0 X WWW.KFAMLA.ORG X 1983 CA TO EMPOWER UNDERSERVED KOREAN AMERICAN AND ASIAN PACIFIC ISLANDER FAMILIES THROUGH CULTURALLY RESPONSIVE PROGRAMS. 15 15 56 32 0 0 9779348 8805865 78945 86401 119042 212213 0 0 9977335 9104479 0 0 0 0 2479690 2910383 0 0 27905 4823010 5062602 7302700 7972985 2674635 1131494 7752841 9209617 1244929 1230042 6507912 7979575 X TO SUPPORT AND STRENGTHEN KOREAN AMERICAN FAMILIES AND INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION, AND OTHER SOCIAL SERVICES. SINCE ITS INCEPTION IN 1983, KFAM HAS PROVIDED ASSISTANCE TO TENS OF THOUSANDS OF KOREAN AMERICANS PARTICULARLY WOMEN, CHILDREN, IMMIGRANTS, AND LOW-INCOME FAMILIES. KFAM SPECIALIZES IN PROVIDING LINGUISTICALLY AND CULTURALLY APPROPRIATE SERVICES THROUGH ITS BILINGUAL AND BICULTURAL STAFF. 0 0 3388496 86401 CHILD AND ADULT WELLNESS - PROGRAM PROVIDES INDIVIDUALS WITH TOOLS, SUPPORT AND RESOURCES TO MEET THEIR DIVERSE NEEDS AND ENHANCE THEIR QUALITY OF LIFE. CHILD CARE FOOD PROGRAM (CCFP) IS A FEDERAL AND STATE FUNDED PROGRAM THAT PLAYS A VITAL ROLE IN HELPING MANY LOW-INCOME CHILDREN TO RECEIVE HEALTHY AND NUTRITIOUS MEALS. KFAM TRAINED 150 CHILDCARE PROVIDERS AND SERVED NUTRITIOUS MEALS TO NEARLY 2,500 CHILDREN. SUBSTANCE ABUSE PREVENTION (SAPC) PROGRAMS AIMS TO REDUCE THE USE OF ALCOHOL AND MARIJUANA, SERVED 1,193 YOUTH WITH TRAINING SESSIONS. 1313231 GENDER BASED VIOLENCE PROGRAM - (GBV) PROVIDES BILINGUAL/BICULTURAL INTERVENTION AND PREVENTION SERVICES TO DV-IMPACTED INDIVIDUALS AND FAMILIES, INCLUDING 24-HOUR CRISIS HOTLINE, CASE MANAGEMENT AND EMPOWERMENT SERVICES FOR VICTIMS, SURVIVORS SUPPORT GROUP, BATTERERS INTERVENTION PROGRAM, CHILD SUPERVISED VISITATION, CHILD ABUSE PREVENTION/INTERVENTION, PREVENTION EDUCATION, TRAININGS, AND REFERRAL PARTNERSHIPS WITH CHURCHES AND COMMUNITY GROUPS. DURING THE FISCAL YEAR, COLLABORATED WITH 32 FAITH LEADERS TO STRENGTHEN THE COMMUNITY'S RESPONSE TO DOMESTICS VIOLENCE AND SERVED 1960 CLIENTS THROUGH ITS COMMUNITY PROGRAM. 1302892 ASIAN ADOPTION AND FOSTER FAMILY INITIATIVE - AS THE NATION'S FIRST AND ONLY ASIAN PACIFIC ISLANDER-FOCUSED FOSTER FAMILY AGENCY, KAFS PROVIDES RECRUITMENT, TRAINING AND SUPPORT FOR API FOSTER PARENTS TO PROVIDE CULTURALLY NURTURING AND SAFE TEMPORARY HOMES TO FOSTER CHILDREN. SERVICES ARE PROVIDED IN ENGLISH, KOREAN, CHINESE, TAGALOG AND VIETNAMESE. PROGRAM SERVICES INCLUDE PREVENTION AND INTERVENTION PROGRAMS, ADOPTION, PARENTING WORKSHOPS, SUPERVISED VISITATIONS WITH BIRTH PARENTS AND OTHER FAMILY SUPPORT SERVICES. DURING THE FISCAL YEAR, 15 CHILDREN WERE PLACED IN AFFI FOSTER FAMILIES AND SERVED 4,000 CLIENTS THROUGH ITS COMMUNITY PROGRAM. 1563607 MENTAL HEALTH - KFAM PROVIDES FREE AND LOW-COST MENTAL HEALTH THERAPY SERVICES IN ENGLISH AND KOREAN INCLUDING INDIVIDUAL AND FAMILY THERAPY PSYCHIATRIC EVALUATIONS, MEDICATION SUPPORT, GROUPS COUNSELING, PSYCHO-EDUCATION, PARENTING SKILLS, AND MENTAL WELLNESS WORKSHOPS. DURING THE FISCAL YEAR, 3,962 CLIENTS WERE SERVED THROUGH ITS COUNSELING SERVICES. 1563607 7568226 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 56 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X KATHERINE YEOM 2133896755 3727 WEST 6TH STREET 320 LOS ANGELES CA 90020 CHARLES YOO BOARD CHAIR 2.00 X X 0 0 0 EUGENE KIM VICE CHAIR 2.00 X X 0 0 0 LISA YANG SECRETARY 1.00 X X 0 0 0 ELISA LEE TREASURER 1.00 X X 0 0 0 HENRY BYUN DIRECTOR 1.00 X 0 0 0 BRIAN CHOI DIRECTOR 1.00 X 0 0 0 ANTHONY KIM DIRECTOR 1.00 X 0 0 0 YUN KIM DIRECTOR 1.00 X 0 0 0 JINA PARK DIRECTOR 1.00 X 0 0 0 KENNETH SEUNG DIRECTOR 1.00 X 0 0 0 LINDA KWAK DIRECTOR 1.00 X 0 0 0 DAVID KIM DIRECTOR 1.00 X 0 0 0 REGINA YOON DIRECTOR 1.00 X 0 0 0 ALIX NAM DIRECTOR 1.00 X 0 0 0 JENNIFER SEO DIRECTOR 1.00 X 0 0 0 KATHERINE YEOM EXECUTIVE DIRECTOR 55.00 X 129894 0 8052 AMY YI FINANCE MANAGER 50.00 X 68052 0 9507 JENNIFER OH DEPUTY DIRECTOR 50.00 X 112538 0 1792 310484 0 19351 2 0 0 0 0 179076 7265133 1361656 8805865 PROGRAM SERVICE FEES 813319 75778 75778 OTHER PROGRAM REVENUE 813319 10623 10623 86401 166283 166283 407516 361586 45930 45930 45930 119877 179076 119877 0 9104479 86401 0 212213 216181 201042 13591 1548 2229637 2073909 139760 15968 88218 80513 7075 630 172856 160601 11019 1236 203491 188053 13987 1451 46679 43573 2782 324 177838 166503 10187 1148 2277 2148 118 11 229087 222903 5449 735 355683 322823 32064 796 59411 55457 3541 413 82968 77446 4945 577 4469 4172 266 31 81823 76377 4877 569 83669 77811 5273 585 PROGRAM EXPENSES 2919518 2919518 CLIENT SUPPORT 733592 642585 91007 EVENTS EXPENSE 194003 181091 11563 1349 MISCELLANEOUS 37205 20940 16109 156 54380 50761 3241 378 7972985 7568226 376854 27905 5277113 4830022 287747 259746 1274871 1370387 13290 28746 741541 481896 257446 259645 2027260 642374 433811 7752841 9209617 432939 623765 150000 150000 661990 456277 1244929 1230042 X 6507912 7979575 6507912 7979575 7752841 9209617 1131494 340169 0 X 0 1 X 1 1 1 X 5863580 3494457 7622103 9779348 8805865 35565353 5863580 3494457 7622103 9779348 8805865 35565353 35565353 3500 689 4143 119042 166283 293657 11737 14358 132153 135108 119877 413233 36272243 464734 0.98050 0.98410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING INCOME - 2020 AMOUNT: $ 11,737. 2021 AMOUNT: $ 14,358. 2022 AMOUNT: $ 132,153. 2023 AMOUNT: $ 135,108. 2024 AMOUNT: $ 119,877. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 285283 190857 94426 432672 276887 155785 23586 14152 9434 259645 OPERATING LEASE LIABILITIES 456277 456277 X 9444648 340169 340169 9104479 0 9104479 7972985 0 7972985 0 7972985 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 HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (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 TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. ON JUNE 30, 2025 AND FOR THE YEAR ENDED, KFAM HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST. KFAM'S FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAXES, FOR THE YEARS ENDED JUNE 30, 2022 THROUGH 2024 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE CALIFORNIA FORM 199, CALIFORNIA EXEMPT ORGANIZATION ANNUAL INFORMATION RETURN, FOR THE YEARS ENDED JUNE 30, 2021 THROUGH 2024 ARE SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD, GENERALLY FOR FOUR YEARS AFTER THEY WERE FILED. 2025 GOLF TOURNAMENT 66455 21731 44724 18720 26004 2024 GALA 232498 157345 75153 37531 33622 4000 298953 179076 119877 56251 59626 4000 119877 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS CAREFULLY REVIEWED BY THE INTERNAL AFFAIRS COMMITTEE PRIOR TO FILING. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE COVERED PERSONS UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ALL COVERED PERSONS ARE REQUIRED TO PROVIDE FULL DISCLOSURE OF ANY BUSINESS, PERSONAL OR FINANCIAL INTEREST IN WHICH THE PERSON MIGHT INFLUENCE (OR APPEAR TO INFLUENCE) HIS OR HER OFFICIAL DECISIONS OR ACTION ON BEHALF OF KOREAN AMERICAN FAMILY SERVICES, INC. DISCLOSURE SHOULD BE MADE ON A TIMELY BASIS IN WRITING. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN EMPLOYEE MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE DIRECTOR CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FOR OFFICERS AND BOARD MEMBERS, IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, HE/SHE MUST DISCLOSE THE EXISTENCE OF THE TRANSACTION OR FINANCIAL INTEREST AND BE GIVEN TO THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR ITS COMMITTEE. BOARD MEMBERS ARE EXPECTED TO ABSTAIN FROM THE DISCUSSION AND VOTING ON MATTERS THAT PERTAIN TO ANY POTENTIAL CONFLICT THEY MAY HAVE. ALL BOARD MEMBERS, OFFICERS AND EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15A KOREAN AMERICAN FAMILY SERVICES, INC.'S BOARD OF DIRECTORS HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION AND BENEFITS OF THE EXECUTIVE DIRECTOR ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE EXECUTIVE DIRECTOR INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. OUTSIDE COMPENSATION & BENEFITS CONSULTANTS HAVE BEEN HIRED TO REVIEW AND EVALUATE THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.