2021-11-15T12:07:08-06:00 2020-12-31 330700332 VASQUEZ & CO LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2020-01-01 953879699 KOREAN RESOURCE CENTER INC KORE 3239373718 900 CRENSHAW BLVD NO UNIT B LOS ANGELES CA 90019 ANGELA OH BOARD CHAIRPERSON 3239373718 2021-11-09 1 ANGELA OH 999009999 REGINA L PRINCE CPA P00576936 2138731700 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANGELA OH 900 CRENSHAW BLVD UNIT B LOS ANGELES CA 90019 2268760 0 X WWW.KRCLA.ORG X 1983 CA SEE SCHEDULE O 7 7 44 17 -36914 0 2874520 2148194 41315 11540 1519 1882 -81273 -31840 2836081 2129776 288847 225012 0 0 1412600 957826 0 0 56251 607281 677147 2308728 1859985 527353 269791 4440588 4249474 2346561 1885656 2094027 2363818 X SEE SCHEDULE O 0 0 349319 0 0 CIVIC ENGAGEMENT - PROMOTING AND HELPING KOREAN AMERICANS AND IMMIGRANTS OBTAIN AMERICAN CITIZENSHIP AND VOTING RIGHTS WITH THE GREATER GOAL OF BUILDING A NATIONAL MOVEMENT FOR SOCIAL CHANGE. ALSO, HELPING KOREAN AMERICAN AND IMMIGRANTS PROTECT THEIR CIVIL RIGHTS AND LIBERTIES. 365521 12 11540 IMMIGRANT RIGHTS - ENHANCEMENT OF THE LIVES OF KOREAN AMERICANS AND IMMIGRANTS THROUGH EDUCATION, ADVOCACY, CULTURE AND COMMUNITY SERVICES. KRC PROVIDES REGULAR WORKSHOPS AND SPONSOR PERFORMANCES ON CIVIL RIGHTS FOR IMMIGRANTS AND OTHER SOCIAL ISSUES. 573409 225000 0 VIETNAMESE ORGANIZING PROJECT- KRC PROVIDES FISCAL SPONSORSHIP TO VIETRISE WHO ADVANCES SOCIAL JUSTICE AND EMPOWERS LOW-INCOME VIETNAMESE AND IMMIGRANT COMMUNITIES IN ORANGE COUNTY. THIS PROGRAM BUILDS LEADERSHIP AND CREATES SYSTEMATIC CHANGE THROUGH ORGANIZING, SHIFTING NARRATIVES, CULTURAL EMPOWERMENT, AND CIVIC ENGAGEMENT. 212615 0 0 HEALTHCARE IS A HUMAN RIGHT - EVERYONE SHOULD HAVE ACCESS TO QUALITY HEALTH CARE AND PUBLIC BENEFITS. ENSURE ACCESS TO LOW-COST OR FREE HEALTH CARE AND COVERAGE, WITH INFORMATION IN PATIENTS' PRIMARY LANGUAGES. PRESERVE AND FULLY FUND THE SOCIAL SERVICE "SAFETY NET" FOR EVERYONE. PROVIDE LOW-INCOME IMMIGRANT WOMEN AND GIRLS WITH ACCESS TO CULTURALLY APPROPRIATE INFORMATION NECESSARY TO MAKE INFORMED DECISIONS ABOUT THEIR REPRODUCTIVE HEALTH AND RIGHTS. REPRODUCTIVE HEALTH NEEDS TO BE AN INTEGRAL PART OF OUR STATE SAFETY NET. THE KOREAN RESOURCE CENTER HAS PIONEERED IN MULTIPLE DIGITAL AND DATA PROGRAMMATIC AREAS AMONG COMMUNITY BUILDING ORGANIZATIONS IN SOUTHERN CALIFORNIA OVER FIFTEEN YEARS. 212615 0 0 1500864 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 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 1 20 0 1 44 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X KOREAN RESOURCE CENTER INC 3239373718 900 CRENSHAW BLVD NO UNIT B LOS ANGELES CA 90019 ANGELA OH BOARD CHAIR 1.00 X X 0 0 0 BEA OLVERA STOTZER BOARD SECRETARY/TREASURER 1.00 X X 0 0 0 HYUN WOO SHIN DIRECTOR 1.00 X 0 0 0 JAMES MULLER DIRECTOR 1.00 X 0 0 0 SUN HEE CHOI DIRECTOR 1.00 X 0 0 0 JULIE LEE KURUMADA DIRECTOR 1.00 X 0 0 0 WONKOO CHANG DIRECTOR 1.00 X 0 0 0 TONG CHO KIM EXECUTIVE DIRECTOR 40.00 X 52427 0 250 52427 0 250 0 0 0 0 0 35064 765915 1347215 395 2148194 PROGRAM FEES 813311 11540 11540 11540 1882 1882 102070 138984 -36914 -36914 -36914 OTHER INCOME 900099 5074 5074 5074 2129776 11540 -36914 6956 X 225012 225012 52677 42528 7776 2373 785955 634968 115408 35579 47317 32325 14992 71877 59173 9254 3450 2217 2217 366025 250906 102244 12875 78000 62279 14758 963 30088 30088 12687 11572 1115 30995 24796 6199 5343 5343 24257 21977 2094 186 COMMUNITY SUPPORT 68900 62000 6900 TELEPHONE, INTERNET, WE 36313 29675 5813 825 MEALS & ENTERTAINMENT 11198 6740 4458 DUES & SUBSCRIPTION 7418 3824 3594 3706 784 2922 1859985 1500864 302870 56251 659275 1055969 137413 137592 839897 246753 2497 235 35899 19971 2868754 185171 2711263 2683583 54344 105371 4440588 4249474 128398 92704 38861 0 2131446 1792952 47856 0 2346561 1885656 X 1141660 2087331 952367 276487 2094027 2363818 4440588 4249474 269791 0 X 0 1 X 1 0 X 1223370 1795412 2650925 2885682 2148194 10703583 98566 30325 24610 41315 11540 206356 1321936 1825737 2675535 2926997 2159734 10909939 0 0 0 10909939 4202 1482 2881 1519 1882 11966 4202 1482 2881 1519 1882 11966 5074 5074 1326138 1827219 2678416 2928516 2166690 10926979 0.99840 0.99900 0.00110 0.00100 X PART III SECTION B LINE 12 2020 OTHER INCOME = $5,074 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2217 0 2217 1498647 1500864 225043 56261 0 0 241322 272751 281375 225043 1020491 1530737 62335 60996 42441 2217 167989 60331 68188 70344 56261 255124 382686 2217 2217 104344 1027 105371 53635 50000 709 104344 50000 3635 53635 0.00000 1.00000 0.00000 0 0 1666500 1666500 1024757 58026 966731 36414 2023 34391 141083 125122 15961 2683583 X 2321260 52500 138984 191484 2129776 0 2129776 2051469 52500 138984 191484 1859985 0 1859985 PART X, LINE 2: THE ORGANIZATION WAS ORGANIZED AS A CALIFORNIA NONPROFIT CORPORATION AND IS RECOGNIZED BY THE INTERNAL REVENUE SERVICES AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A). IT IS CLASSIFIED AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), AND IS NOT CONSIDERED A PRIVATE FOUNDATION. THE ORGANIZATION IS REQUIRED TO FILE ANNUALLY A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, IT IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE ORGANIZATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE LIKELY THAN NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 138,984. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 138,984. BOOK/TAX DIFFERENCE-DEPRECIATION EXPENSE GALA EXPENSES 0 UNEMPLOYMENT ASSISTANCE 278 225012 BOOK FORM 990 PAGE 1 PART 1 LINE 1 TO PROMOTE KOREAN HISTORY AND CULTURAL APPRECIATION, ENHANCE KOREAN HERITAGE IN THE KOREAN AMERICAN COMMUNITY, PROVIDE SOCIAL SERVICES TO THE KOREAN COMMUNITY, EMPOWER THE KOREAN AMERICAN COMMUNITY THROUGH CIVIC EDUCATION AND CIVIC PARTICIPATION, ENSURE COMMUNITY ECONOMIC DEVELOPMENT AND SAFE SANITARY, AND AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME PERSONS IN THE CITY OF LOS ANGELES, PARTICULARLY KOREATOWN. FORM 990 PAGE 2 PART III LINE 1 KRC'S MISSION IS AS FOLLOWS: -EDUCATE THE PUBLIC ON ISSUES AFFECTING KOREAN AMERICANS; -ADVOCATE FOR THE CIVIL RIGHTS AND IMMIGRANT RIGHTS OF KOREAN AMERICANS -FACILITATE GRASSROOTS ORGANIZING AND ELECTORAL/CIVIC PARTICIPATION OF KOREAN AMERICANS -WORK FOR COMMUNITY ECONOMIC DEVELOPMENT AND HOUSING ISSUES; -INITIATE DIALOGUE AND BUILD COALITIONS WITH OTHER COMMUNITIES OF COLOR; -PRESERVE AND PROMOTE THE CULTURAL HERITAGE OF KOREAN AMERICANS AS PART OF A MULTICULTURAL AMERICA; AND -PROVIDE NEEDED SOCIAL AND COMMUNITY SERVICES TO TRADITIONALLY MARGINALIZED GROUPS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. A REVIEW AND APPROVAL IS CONDUCTED BY A COMMITTEE SELECTED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C TO PROPERLY MONITOR AND ENFORCE A CONFLICT-OF-INTEREST POLICY, THE ORGANIZATION IS DILIGENT IN REVIEWING THE ANNUAL DISCLOSURE FORMS SUBMITTED BY COVERED PERSONS, AND IN COMPILING AND MAINTAINING A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS. PROPOSED TRANSACTIONS CAN THEN BE MATCHED AGAINST THE LIST AS A MEANS OF IDENTIFYING POSSIBLE CONFLICTS. THE BOARD PRESIDENT IS ULTIMATELY RESPONSIBLE FOR MAINTAINING THE LIST AND SCREENING FOR POSSIBLE CONFLICTS OF INTEREST WHEN DEALING WITH MAJOR VENDORS AND SERVICE PROVIDERS. THE ORGANIZATION SHOULD CONSIDER ASKING THE VENDOR OR SERVICE PROVIDER TO DISCLOSE ANY RELATIONSHIP - PERSONAL, FINANCIAL, OR OTHERWISE - THAT THE VENDOR OR SERVICE PROVIDER HAS WITH ANY OF THE ORGANIZATION'S DIRECTORS, OFFICER, EMPLOYEES OR VOLUNTEERS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S BOARD OF DIRECTORS HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION 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, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE DELIBERATION AND DISCUSSION OF THE TRANSACTION. THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. THE DOCUMENTATION IN THE CORPORATE MINUTES BOOK 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 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THEY ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS. FORM 990, PART IX, LINE 11G INDEPENDENT CONTRACTOR: PROGRAM SERVICE EXPENSES 177,651. MANAGEMENT AND GENERAL EXPENSES 3,698. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 181,349. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 73,255. MANAGEMENT AND GENERAL EXPENSES 98,546. FUNDRAISING EXPENSES 12,875. TOTAL EXPENSES 184,676.