KOREAN SCHOOL ASSOCIATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: KOREAN SCHOOL ASSOCIATION INC (EIN 95-4655874)
Tax period: 2014-01-01 to 2014-12-31
Filed: 2015-04-30
IRS object ID: 201501209349301045
Schema version: 2014v5.0
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 A
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-04-30T17:08:35-07:00	ReturnTs
Tax Period End	2014-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KANG WON LEE CPA A PROFESSIONAL CORPORATION	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3530 WILSHIRE BLVD SUITE 1414	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90010	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	954655874	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KOREAN SCHOOL ASSOCIATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KORE	BusinessNameControlTxt
Phone	2133883445	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	680 WILSHIRE PL	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90005	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	YOUNG SOOK SHIN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2133883445	PhoneNum
Signature	2015-04-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KANG WON LEE	PreparerPersonNm
Phone	2133871234	PhoneNum

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JULIE PARK	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	680 WILSHIRE PL	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90005	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$125,925	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	koreanschool-usa.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1997	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	To enhance the mutual relationship & cooperation between Korean schools in America To help improve quality of Korean language and culture education & expand the base thereof. To help promte pride of descendants of Koreans & establish identity thru sound Korean language & culture education. To provide recommendations on bilingual education policy in Korean & America & cooperate therein.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	1	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$61,769	PYContributionsGrantsAmt
CY Contributions Grants	$79,807	CYContributionsGrantsAmt
PY Program Service Revenue	$66,906	PYProgramServiceRevenueAmt
CY Program Service Revenue	$46,118	CYProgramServiceRevenueAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$128,675	PYTotalRevenueAmt
CY Total Revenue	$125,925	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$27,655	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$27,415	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$119,371	PYOtherExpensesAmt
CY Other Expenses	$81,242	CYOtherExpensesAmt
PY Total Expenses	$147,026	PYTotalExpensesAmt
CY Total Expenses	$108,657	CYTotalExpensesAmt
PY Revenues Less Expenses	-$18,351	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$17,268	CYRevenuesLessExpensesAmt
Total Assets BOY	$6,177	TotalAssetsBOYAmt
Total Assets EOY	$23,473	TotalAssetsEOYAmt
Total Liabilities BOY	$1,446	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,474	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,731	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$21,999	NetAssetsOrFundBalancesEOYAmt
Mission	To enhance the mutual relationship & cooperation between Korean schools in America	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$53,599	ExpenseAmt
Desc	SEMINAR FOR TRAINING KOREAN LANGUAGE TEACHERS, CONTEST OF KOREAN CHILDREN'S SONGS, STORY TELLING, WRITING, AND WORKSHOP FOR KOREAN LANGUAGE TEACHERS.	Desc
Total Program Service Expenses	$53,599	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
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
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
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
Transaction With Control Ent	false	TransactionWithControlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	false	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	1	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
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
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	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
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	KOREA SCHOOL ASSOCIATION INC	PersonNm
Phone	2133883345	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	680 WILSHIRE PO 415	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90005	ZIPCd

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

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
KANG WON LEE
CHAIRMAN	2.00	Yes (X)	$0	$0	$0
JEAN AHN
VICE-CHAIRMAN	2.00	Yes (X)	$0	$0	$0
JUNG SOO JU
DIRECTOR	2.00	Yes (X)	$0	$0	$0
KENNETH LEE
DIRECTOR	2.00	Yes (X)	$0	$0	$0
YOUNG MIN KWON
DIRECTOR	2.00	Yes (X)	$0	$0	$0
JAMES PARK
DIRECTOR	2.00	Yes (X)	$0	$0	$0
JULIE PAK
DIRECTOR	2.00	Yes (X)	$0	$0	$0
YOUNG BAE KIM
DIRECTOR	2.00	Yes (X)	$0	$0	$0
SEUN J LEE
DIRECTOR	2.00	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	$8,850	MembershipDuesAmt
All Other Contributions	$70,957	AllOtherContributionsAmt
Total Contributions	$79,807	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt
EVENT & CONFERENCE	611710	$30,509
SALES OF SAT BOOKS	323111	$15,550
OTHER	323111	$59

Field	Value	IRS element (for citing)
Total Program Service Revenue	$46,118	TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$125,925	TotalRevenueColumnAmt
Related Or Exempt Func Income	$46,118	RelatedOrExemptFuncIncomeAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$25,200	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$25,200	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$2,215	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$2,215	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$2,050	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$2,050	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$790	TotalAmt
Program Services	$790	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$408	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$408	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$7,590	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$7,590	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$59,002	TotalAmt
Program Services	$46,859	ProgramServicesAmt
Management And General	$12,143	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$796	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$796	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
BUSINESS PROMOTION	$773	$0	$773	$0
BANK CHARGES	$49	$0	$49	$0
AUTOMOBILE EXPENSE	$100	$0	$100	$0
OUTSIDE SERVICE	$0	$0	$0	$0

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$9,684	TotalAmt
Program Services	$5,950	ProgramServicesAmt
Management And General	$3,734	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$108,657	TotalAmt
Program Services	$53,599	ProgramServicesAmt
Management And General	$55,058	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$6,177	BOYAmt
EOY	$23,473	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,177	BOYAmt
EOY	$23,473	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,446	BOYAmt
EOY	$1,474	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,446	BOYAmt
EOY	$1,474	EOYAmt

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

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,731	BOYAmt
EOY	$21,999	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,731	BOYAmt
EOY	$21,999	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,177	BOYAmt
EOY	$23,473	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$17,268	ReconcilationRevenueExpnssAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind
Public Support Total170	$0	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY170	0	PublicSupportCY170Pct

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$86,774	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$75,775	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$59,120	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$61,769	CurrentTaxYearMinus1YearAmt
Current Tax Year	$79,807	CurrentTaxYearAmt
Total	$363,245	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$45,269	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,136	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$69,685	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$66,906	CurrentTaxYearMinus1YearAmt
Current Tax Year	$46,118	CurrentTaxYearAmt
Total	$247,114	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$132,043	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$94,911	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$128,805	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$128,675	CurrentTaxYearMinus1YearAmt
Current Tax Year	$125,925	CurrentTaxYearAmt
Total	$610,359	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$610,359	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$44	CurrentTaxYearMinus4YearsAmt
Total	$44	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$44	CurrentTaxYearMinus4YearsAmt
Total	$44	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Total	$610,403	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.99990	PublicSupportCY509Pct
Public Support PY509	0.99970	PublicSupportPY509Pct
Investment Income CY	0.00010	InvestmentIncomeCYPct
Investment Income PY	0.00030	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Pt VI, Line 11b	ORGANIZATION'S PROCESS TO REVIEW FORM 990 BOARD OF DIRECTORS REVIEW FORM 990
Pt VI, Line 19	GOVERNING DOCUMENTS DISCLOSURE EXPLANATION UPON REQUEST
Form 990, Part IX, Line 24f	POSTAGE AND DELIVERY 308. 0. 308. 0. PRINTING 6400. 5950. 450. 0. REPAIR AND MAINTENANCE 0. 0. 0. 0. SALES TAX EXPENSE 376. 0. 376. TELEPHONE 1995. 0. 1995. 0. TAX AND LICENSE 154. 0. 154. 0. WEBSITE 451. 0. 451. 0.