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KOREAN CBMC OF NORTH AMERICA: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
KOREAN CBMC OF NORTH AMERICA (EIN 46-0610489)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-12
IRS object ID
201642259349301719
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-08-12T09:51:06-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541688333PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BRUCE B CHOI CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14308 EVERGREEN LN STE IAddressLine1Txt
CityANNANDALECityNm
State AbbreviationVAStateAbbreviationCd
ZIP220033276ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460610489EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KOREAN CBMC OF NORTH AMERICA INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKOREBusinessNameControlTxt
Phone7034391703PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13251 OLD LEE HWY STE 506AddressLine1Txt
CityFAIRFAXCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22030ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPHILIP S PARKPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone7034391703PhoneNum
Signature2016-08-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRUCE B CHOIPreparerPersonNm
PTINP00449297PTIN
Phone7032567600PhoneNum
Preparation2016-08-11PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSANG K PARKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line17617 LITTLE RIVER TNPK 930AddressLine1Txt
CityANNANDALECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22003ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$221,529GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionKOREAN CBMC OF NORTH AMERICA IS A COMMUNITY OF CHRISTIAN BUSINESS PROFESSIONALS WORKING TOGETHER TO EVANGELIZE THE BUSINESS WORLD AND ENCOURAGE SPIRITUAL GROWTH IN THE BUSINESS MARKET PLACE AND SPREAD THE GOSPEL THROUGH THE BUSINESS WORLD. TO ACOMPLISH THESES GOALS, ESTABLISH LOCAL UNITS OF CBMC THROUHG THE UNITED STATES OF AMERICA, EDUCATE ITS MEMBERS AND THE PUBLIC TO BE THE CHRISTIAL LEADERS.ActivityOrMissionDesc
Voting Members Governing Body26VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$89,488CYContributionsGrantsAmt
CY Program Service Revenue$132,041CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
CY Total Revenue$221,529CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$57,253CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
CY Other Expenses$176,621CYOtherExpensesAmt
CY Total Expenses$233,874CYTotalExpensesAmt
CY Revenues Less Expenses-$12,345CYRevenuesLessExpensesAmt
Total Assets BOY$41,616TotalAssetsBOYAmt
Total Assets EOY$28,351TotalAssetsEOYAmt
Total Liabilities BOY$1,800TotalLiabilitiesBOYAmt
Total Liabilities EOY$880TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$39,816NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$27,471NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionKOREAN CBMC OF NORTH AMERICA IS A COMMUNITY OF CHRISTIAN BUSINESS PROFESSIONALS WORKING TOGETHER TO EVANGELIZE THE BUSINESS WORLD AND ENCOURAGE SPIRITUAL GROWTH IN THE BUSINESS MARKET PLACE AND SPREAD THE GOSPEL THROUGH THE BUSINESS WORLD. TO ACOMPLISH THESES GOALS, ESTABLISH LOCAL UNITS OF CBMC THROUHG THE UNITED STATES OF AMERICA, EDUCATE ITS MEMBERS AND THE PUBLIC TO BE THE CHRISTIAL LEADERS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$218,892ExpenseAmt
Revenue$218,892RevenueAmt
DescRELIGIOUS EDUCATION FOR BUSINESS PEOPLEDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$173ExpenseAmt
Revenue$173RevenueAmt
DescADMINISTRATIONDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$173TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$173TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$219,065TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Governing Body Voting Members26GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPHILIP S PARKPersonNm
Phone7034391703PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13251 OLD LEE HWY STE 506AddressLine1Txt
CityFAIRFAXCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22030ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SOLOMON KIM
PRESIDENT10.00Yes (X)Yes (X)$0$0$0
SANG K PARK
VICE PRESIDE10.00Yes (X)Yes (X)$0$0$0
PAUL HYUN
TREASURER5.00Yes (X)$0$0$0
YOUNG K KIM
DIRECTOR5.00Yes (X)$0$0$0
CHARLES KIM
DIRECTOR5.00Yes (X)$0$0$0
CHEOL WAN PARK
DIRECTOR5.00Yes (X)$0$0$0
IN C LEE
DIRECTOR5.00Yes (X)$0$0$0
JUNG TAE LEE
DIRECTOR5.00Yes (X)$0$0$0
HOON CHUNG
DIRECTOR5.00Yes (X)$0$0$0
KENT CHOI
DIRECTOR5.00Yes (X)$0$0$0
KI DUK HAN
DIRECTOR5.00Yes (X)$0$0$0
KYUNG TAE JANG
DIRECTOR5.00Yes (X)$0$0$0
DONG W KIM
DIRECTOR5.00Yes (X)$0$0$0
DON KANG
DIRECTOR5.00Yes (X)$0$0$0
ERIC KWON
DIRECTOR5.00Yes (X)$0$0$0
JAMES KIM
DIRECTOR5.00Yes (X)$0$0$0
STEVE BAE
DIRECTOR5.00Yes (X)$0$0$0
DONGWOO SOHN
DIRECTOR5.00Yes (X)$0$0$0
MICHA OH
DIRECTOR5.00Yes (X)$0$0$0
HOWARD OH
DIRECTOR5.00Yes (X)$0$0$0
WILSON OSEE
DIRECTOR5.00Yes (X)$0$0$0
SIWANYU
DIRECOTOR5.00Yes (X)$0$0$0
KIHOUAN LEE
DIRECOTOR5.00Yes (X)$0$0$0
SANG BAEK LEE
DIRECTOR5.00Yes (X)$0$0$0
KEUN SOO JU
DIRECTOR5.00Yes (X)$0$0$0
JONG CHOI
DIRECTOR5.00Yes (X)$0$0$0
PHILIP S PARK
SECRETARY20.00Yes (X)$30,000$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$30,000TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$84,000MembershipDuesAmt
All Other Contributions$5,488AllOtherContributionsAmt
Total Contributions$89,488TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescANNAUL CONFERENCEDesc
Total Revenue Column$132,041TotalRevenueColumnAmt
Related Or Exempt Func Income$132,041RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$132,041TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$221,529TotalRevenueColumnAmt
Related Or Exempt Func Income$132,041RelatedOrExemptFuncIncomeAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$52,729TotalAmt
Program Services$52,729ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,524TotalAmt
Program Services$4,524ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,300TotalAmt
Program Services$2,300ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$25,896TotalAmt
Program Services$18,729ProgramServicesAmt
Management And General$7,167ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$342TotalAmt
Management And General$342ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$7,300TotalAmt
Management And General$7,300ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,121TotalAmt
Program Services$3,121ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$137,246TotalAmt
Program Services$137,246ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$173TotalAmt
Program Services$173ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$243TotalAmt
Program Services$243ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$233,874TotalAmt
Program Services$219,065ProgramServicesAmt
Management And General$14,809ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$41,072BOYAmt
EOY$17,980EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$10,000EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$771LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$400LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$544BOYAmt
EOY$371EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$41,616BOYAmt
EOY$28,351EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,800BOYAmt
EOY$880EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,800BOYAmt
EOY$880EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$39,816BOYAmt
EOY$27,471EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$39,816BOYAmt
EOY$27,471EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$41,616BOYAmt
EOY$28,351EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$12,345ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$87,913CurrentTaxYearMinus1YearAmt
Current Tax Year$89,488CurrentTaxYearAmt
Total$177,401TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$82,946CurrentTaxYearMinus1YearAmt
Current Tax Year$132,041CurrentTaxYearAmt
Total$214,987TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$170,859CurrentTaxYearMinus1YearAmt
Current Tax Year$221,529CurrentTaxYearAmt
Total$392,388TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$392,388PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$170,859CurrentTaxYearMinus1YearAmt
Current Tax Year$221,529CurrentTaxYearAmt
Total$392,388TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$371OtherCostOrOtherBasisAmt
Depreciation$276DepreciationAmt
Book Value$95BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$400OtherCostOrOtherBasisAmt
Depreciation$124DepreciationAmt
Book Value$276BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$371TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescTAXES PAYABLEDesc
Amt$880Amt
FieldValueIRS element (for citing)
Total Liability$880TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONKOREAN CBMC OF NORTH AMERICA IS A COMMUNITY OF CHRISTIAN BUSINESS PROFESSIONALS WORKING TOGETHER TO EVANGELIZE THE BUSINESS WORLD AND ENCOURAGE SPIRITUAL GROWTH IN THE BUSINESS MARKET PLACE AND SPREAD THE GOSPEL THROUGH THE BUSINESS WORLD. TO ACOMPLISH THESES GOALS, ESTABLISH LOCAL UNITS OF CBMC THROUHG THE UNITED STATES OF AMERICA, EDUCATE ITS MEMBERS AND THE PUBLIC TO BE THE CHRISTIAL LEADERS.
FORM 990, PAGE 2, PART III, LINE 4DADMINISTRATION
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC