INTERNATIONAL ASSOCIATION OF KOREAN LAWYERS INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: INTERNATIONAL ASSOCIATION OF KOREAN LAWYERS INC (EIN 77-0483441)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-10-18
IRS object ID: 201612929349300646
Schema version: 2015v2.1
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	2016-10-18T17:46:56-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	200638236	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CHO & KAHNG AN ACCOUNTANCY CORPORATION	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3250 WILSHIRE BLVD STE 1502	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	900101607	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	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	PETER J RHO	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	2136232221	PhoneNum
Signature	2016-10-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	STEPHEN Y CHO	PreparerPersonNm
PTIN	P00958003	PTIN
Phone	2133830700	PhoneNum
Preparation	2016-10-18	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	LISA J YANG	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1055 W 7TH STREET STE 2800	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90017	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$5,373	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	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$4,240	PYContributionsGrantsAmt
CY Contributions Grants	$5,155	CYContributionsGrantsAmt
PY Program Service Revenue	$345,361	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$224	PYInvestmentIncomeAmt
CY Investment Income	$218	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$349,825	PYTotalRevenueAmt
CY Total Revenue	$5,373	CYTotalRevenueAmt
PY Grants And Similar Paid	$12,258	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$4,250	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	$211,884	PYOtherExpensesAmt
CY Other Expenses	$64,172	CYOtherExpensesAmt
PY Total Expenses	$224,142	PYTotalExpensesAmt
CY Total Expenses	$68,422	CYTotalExpensesAmt
PY Revenues Less Expenses	$125,683	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$63,049	CYRevenuesLessExpensesAmt
Total Assets BOY	$306,138	TotalAssetsBOYAmt
Total Assets EOY	$243,089	TotalAssetsEOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$306,138	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$243,089	NetAssetsOrFundBalancesEOYAmt
Mission	PROFESSIONAL BUSINESS ASSOCIATION	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$68,422	ExpenseAmt
Grant	$4,250	GrantAmt
Desc	CONDUCTING CONTINUING LEGAL EDUCATION PROGRAMS FOR LAWYERS FROM ALL OVER THE WORLD	Desc
Total Program Service Expenses	$68,422	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
Backup Wthld Compliance	false	BackupWthldComplianceInd
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
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	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	Yes (true)	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

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAW FIRM OF LEE HONG DEGERMAN	BusinessNameLine1Txt
Business Name Line2	KANG AND WAIMEY	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Phone	2136232221	PhoneNum

US Address USAddress

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

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

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
LISA J YANG
PRESIDENT	1.00	Yes (X)	Yes (X)	$0	$0	$0
PETER KANG
DIRECTOR		Yes (X)		$0	$0	$0
JENNY LEE
DIRECTOR		Yes (X)		$0	$0	$0
KEN CHO
DIRECTOR		Yes (X)		$0	$0	$0
ALBERT CHO
DIRECTOR		Yes (X)		$0	$0	$0
JOE CHA
DIRECTOR		Yes (X)		$0	$0	$0
SK PARK
DIRECTOR		Yes (X)		$0	$0	$0
JEAN KIM
DIRECTOR		Yes (X)		$0	$0	$0
MIKE YIM
DIRECTOR		Yes (X)		$0	$0	$0
JINHO ALEX YIM
VICE PRESIDE	1.00		Yes (X)	$0	$0	$0
PETER J RHO
TREASURER	5.00		Yes (X)	$0	$0	$0
KELLY LEE
SECRETARY	1.00		Yes (X)	$0	$0	$0

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	$5,155	MembershipDuesAmt
Total Contributions	$5,155	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$218	TotalRevenueColumnAmt
Related Or Exempt Func Income	$218	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,373	TotalRevenueColumnAmt
Related Or Exempt Func Income	$218	RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$4,250	TotalAmt
Program Services	$4,250	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$1,000	TotalAmt
Program Services	$1,000	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
CONFERENCES	$52,951	$52,951
INTERNET & WEB-FEES	$5,123	$5,123
SPONSORSHIPS	$3,732	$3,732
DIRECTORS INSURANCE	$1,216	$1,216

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$150	TotalAmt
Program Services	$150	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$68,422	TotalAmt
Program Services	$68,422	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$306,138	BOYAmt
EOY	$243,089	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$306,138	BOYAmt
EOY	$243,089	EOYAmt

Total Liabilities TotalLiabilitiesGrp

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

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

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$306,138	BOYAmt
EOY	$243,089	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$306,138	BOYAmt
EOY	$243,089	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$306,138	BOYAmt
EOY	$243,089	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$63,049	ReconcilationRevenueExpnssAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 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 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.