INTERNATIONAL ASSOCIATION OF KOREAN LAWYERS INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: INTERNATIONAL ASSOCIATION OF KOREAN LAWYERS INC (EIN 77-0483441)
Tax period: 2018-01-01 to 2018-12-31
Filed: 2019-05-14
IRS object ID: 201941349349305484
Schema version: 2018v3.1
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
Form 990
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-05-14T13:18:27-05:00	ReturnTs
Tax Period End	2018-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	954618521	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BENJAMIN KOO & CO CPA'S	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3435 WILSHIRE BLVD 1500	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	900101915	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2018-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	770483441	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	INTERNATIONAL ASSOCIATION OF	BusinessNameLine1Txt
Business Name Line2	KOREAN LAWYERS INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	INTE	BusinessNameControlTxt
Phone	2136232221	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	660 S FIGUEROA ST STE 2300	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90017	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PIERCE LEE	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	2025088780	PhoneNum
Signature	2019-05-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GENE KAHNG	PreparerPersonNm
PTIN	P01822020	PTIN
Phone	2133885555	PhoneNum
Preparation	2019-05-13	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	216.240.43.212	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-05-14	IPDt
IP Tm	13:18:27	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	4C917B2B6B069B9BAD3F048124F8348FD380DD4A	AtSubmissionCreationDeviceId
At Submission Filing Device Id	4C917B2B6B069B9BAD3F048124F8348FD380DD4A	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PETER J RHO	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	660 S FIGUEROA ST	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90017	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$334,324	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.IAKL.US	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1998	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	PROFESSIONAL BUSINESS ASSOCIATION	ActivityOrMissionDesc
Voting Members Governing Body	12	VotingMembersGoverningBodyCnt
Voting Members Independent	12	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$4,000	PYContributionsGrantsAmt
CY Contributions Grants	$1,370	CYContributionsGrantsAmt
CY Program Service Revenue	$332,884	CYProgramServiceRevenueAmt
PY Investment Income	$284	PYInvestmentIncomeAmt
CY Investment Income	$70	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$4,284	PYTotalRevenueAmt
CY Total Revenue	$334,324	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$55,815	PYOtherExpensesAmt
CY Other Expenses	$205,805	CYOtherExpensesAmt
PY Total Expenses	$55,815	PYTotalExpensesAmt
CY Total Expenses	$205,805	CYTotalExpensesAmt
PY Revenues Less Expenses	-$51,531	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$128,519	CYRevenuesLessExpensesAmt
Total Assets BOY	$301,884	TotalAssetsBOYAmt
Total Assets EOY	$433,672	TotalAssetsEOYAmt
Total Liabilities EOY	$300	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$301,884	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$433,372	NetAssetsOrFundBalancesEOYAmt
Mission	PROFESSIONAL BUSINESS ASSOCIATION	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$200,316	ExpenseAmt
Revenue	$332,884	RevenueAmt
Desc	2018 ANNUAL CONFERENCE AT THE GRAND HYATT IN ATLANTA GA CONDUCTING CONTINUING LEGAL EDUCATION PROGRAMS FOR LAWYERS FROM ALL OVER THE WORLD	Desc
Total Program Service Expenses	$200,316	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	false	TempOrPermanentEndowmentsInd
Report Land Building Equipment	false	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	12	GoverningBodyVotingMembersCnt
Independent Voting Member	12	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	false	ConflictOfInterestPolicyInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	PIERCE LEE	PersonNm
Phone	2136232221	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1001 PENNSYLVANIA AVE NW	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	200042595	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
LISA J YANG
CHAIR	Yes (X)	$0	$0	$0
ALEX KIM
VICE PRESIDE	Yes (X)	$0	$0	$0	Yes (X)
PETER J RHO
PRESIDENT	Yes (X)	$0	$0	$0	Yes (X)
KELLY LEE
DIRECTOR	Yes (X)	$0	$0	$0
PIERCE LEE
TREASURER	Yes (X)	$0	$0	$0	Yes (X)
VIVIAN KIM
SECRETARY	Yes (X)	$0	$0	$0	Yes (X)
JINHO ALEX YIM
DIRECTOR	Yes (X)	$0	$0	$0
SABINA HAN
DIRECTOR	Yes (X)	$0	$0	$0
PETER LEE
DIRECTOR	Yes (X)	$0	$0	$0
ALEX KIM
PRESIDENT EL	Yes (X)	$0	$0	$0	Yes (X)
MATTHEW AHN
DIRECTOR	Yes (X)	$0	$0	$0
JOSEPH DEMARCO
DIRECTOR	Yes (X)	$0	$0	$0
CHAN PARK
DIRECTOR	Yes (X)	$0	$0	$0
MIN SUH
GENERAL COUN		$0	$0	$0	Yes (X)
ALEX KIM
TECH & MEMBE		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Membership Dues	$1,370	MembershipDuesAmt
Total Contributions	$1,370	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	PROGRAM SERVICE REVENUE	Desc
Total Revenue Column	$332,884	TotalRevenueColumnAmt
Related Or Exempt Func Income	$332,884	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$332,884	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$70	TotalRevenueColumnAmt
Related Or Exempt Func Income	$70	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$334,324	TotalRevenueColumnAmt
Related Or Exempt Func Income	$332,954	RelatedOrExemptFuncIncomeAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,398	TotalAmt
Program Services	$7,398	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
CONFERENCES	$152,204	$152,204
DONATIONS	$15,000	$15,000
LOCAL BAR ASSOCIATIONS	$8,292	$8,292
EVENTS	$5,275	$5,275

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$17,636	TotalAmt
Program Services	$12,147	ProgramServicesAmt
Management And General	$5,489	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$205,805	TotalAmt
Program Services	$200,316	ProgramServicesAmt
Management And General	$5,489	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$301,884	BOYAmt
EOY	$332,945	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
EOY	$100,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
EOY	$727	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$301,884	BOYAmt
EOY	$433,672	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
EOY	$300	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$300	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$301,884	BOYAmt
EOY	$433,372	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$301,884	BOYAmt
EOY	$433,372	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$301,884	BOYAmt
EOY	$433,672	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$128,519	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$2,969	OtherChangesInNetAssetsAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11B	THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION HAVE THE AUTHORITY TO REVIEW THE FINANCIAL STATUS OF THE ORGANIZATION AT ANY TIME. THERE ARE TWO MAIN EVENTS THAT GENERATE REVENUES AND EXPENDITURES, THE BOARD MEETING IN THE SPRING AND THE ANNUAL CONFERENCE IN THE FALL. THE FINAL BUDGETS FOR THOSE EVENTS ARE CIRCULATED TO THE BOARD FOR APPROVAL AS ARE ALL MAJOR EXPENSES SUCH AS INSURANCE AND WEBSITE MAINTENANCE.
FORM 990, PAGE 6, PART VI, LINE 19	THE BYLAWS OF THE ORGANIZATION ARE POSTED ON THE WEBSITE FOR THE PUBLIC TO VIEW. ANYONE CAN REQUEST MORE INFORMATION REGARDING THE ORGANIZATION FROM THE OFFICERS AND DIRECTORS, WHO ARE ALL LISTED ON THE WEBSITE WITH CONTACT INFORMATION.
FORM 990, PART XI, LINE 9	PAYPAL BALANCE ADJ 2,623 PRIOR PERIOD ADJ 346 TOTAL 2,969