2025-11-07T12:29:35-06:00 2024-12-31 FRITH-SMITH & ARCHIBALD LLP 6355 TOPANGA CANYON BLVDSTE 400 WOODLAND HILLS CA 91367 990 2024-01-01 953879699 Korean Resource Center Inc % BETHANY LEAL KORE 3239373718 900 Crenshaw Blvd B Los Angeles CA 90019 Isaac Kim EXECUTIVE DIRECTOR 3239373718 2025-11-05 true true MARIA KAZEMI CPA P01345320 8187741500 2024 2025-03-06 01:10:19Z Isaac Kim 900 Crenshaw Blvd B Los Angeles CA 90019 945114 false X www.krcla.org X 1983 CA see schedule o 12 12 9 7 -12428 1584167 658471 33301 58309 6101 0 -79646 88431 1543923 805211 0 0 0 0 977131 624183 0 0 39002 531644 436003 1508775 1060186 35148 -254975 4585776 3362855 2719616 1749494 1866160 1613361 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, WEST LOS ANGELES, MIDWILSHIRE AND SOUTH LOS ANGELES. false false 486408 KRC provides Korean-language legal services and education to low-income immigrant KoreanAmericans, Asian Americans and Asian Americans and Pacific Islanders, and other low-income communities of color. Recognized by the Dept of Justice Board of Immigration Appeals, accredited KRC staff conduct a variety of immigration legal services at low to no cost. We provide linguistically and culturally appropriate legal services to our community. In 2024, KRC assisted directly and provided information to over 3,000 community members. 233434 KRC's Housing Program provides Rental Housing Counseling and Financial Management/ Budget Counseling to the most vulnerable members of the Korean American community of greater Los Angeles and Orange County. We seek to create safer communities and empower low-income residents of all ages through linguistically and culturally competent housing counseling including affordable housing counseling, tenants' right education and resolving financial challenges. In 2024, KRC assisted directly and provided information to more than 2,500 community members. 149796 KRC Social Service/Health Access program is used primarily but not exclusively by low-income Korean American seniors. Because language access is a major concern in our community, many individuals depend on KRC to assist them with everything from referrals, translating utility bills to assistance in applying for services such as Medi-Cal and Cal-Fresh. In 2024, KRC also conducted COVID-19 outreach, education and vaccine clinics. Overall KRC assisted over 5,000 community members. 869638 true true false false false false false false true true false false true true true true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false true 4 0 9 true false false false false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true false false CA X BETHANY LEAL 3239373718 900 CRENSHAW BLVD UNIT B Los Angeles CA 90019 ISAAC KIM EXECUTIVE DIRECTOR 40.0 0.0 X 94146 0 0 BEA OLVERA STOTZER DIRECTOR 1.0 0.0 X 0 0 0 YEA JA LEE DIRECTOR 1.0 0.0 X 0 0 0 JULIE LEE KURUMADA DIRECTOR 1.0 0.0 X 0 0 0 HEAJA KIM DIRECTOR 1.0 0.0 X 0 0 0 YEON OK SUH DIRECTOR 1.0 0.0 X 0 0 0 KWANG JA HONG DIRECTOR 1.0 0.0 X 0 0 0 JIM MULLER DIRECTOR 1.0 0.0 X 0 0 0 CAROLLINE KIM DIRECTOR 1.0 0.0 X 0 0 0 SOO YEON CHO DIRECTOR 1.0 0.0 X 0 0 0 ZU WHAN KIM BOARD CHAIR 1.0 0.0 X 0 0 0 WONKOO CHANG BOARD SECRETARY 1.0 0.0 X 0 0 0 DONG HYUN AHN TREASURER 1.0 0.0 X 0 0 0 94146 0 0 0 false false false 0 21095 341375 296001 52500 658471 PROGRAM FEES 813311 58309 58309 58309 0 0 0 127475 139903 -12428 0 -12428 -12428 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 813311 100859 100859 100859 805211 58309 -12428 100859 0 0 0 0 94146 79496 9166 5484 0 429119 362342 41781 24996 0 57235 54008 3162 65 43683 37130 4035 2518 0 1993 538 1455 58337 25652 32685 0 0 0 75875 75235 640 0 70540 58572 10956 1012 0 0 58390 39480 18910 0 0 14786 14725 55 6 53801 43047 10754 0 966 966 25723 22788 2481 454 COMMUNITY SUPPORT 20900 14750 5774 376 OTHER 42423 41275 1148 DUES & SUBSCRIPTION 7543 111 4937 2495 MEALS & ENTERTAINMENT 3726 489 3096 141 1000 1000 1060186 869638 151546 39002 1698221 500581 2355 2358 31000 30000 1207 16780 0 0 0 0 0 0 0 0 12016 6416 2868754 312010 2584913 2556744 0 0 0 0 0 0 0 0 256064 249976 4585776 3362855 110819 77508 0 0 0 3950 0 0 0 0 0 0 1685000 1662380 0 0 923797 5656 2719616 1749494 X 1710749 1511397 155411 101964 1866160 1613361 4585776 3362855 -254975 2176 X false true X true false X 2148194 2049899 2029517 1584167 658471 8470248 11540 38733 84044 33301 58309 225927 0 0 0 2159734 2088632 2113561 1617468 716780 8696175 258192 404440 466980 250687 25000 1405299 0 258192 404440 466980 250687 25000 1405299 7290876 1530 15176 129965 69580 127475 343726 0 1530 15176 129965 69580 127475 343726 0 5074 10174 3005 1500 100859 120612 2166338 2113982 2246531 1688548 945114 9160513 0.79590 0.74910 0.03752 0.01940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1666500 1666500 1024757 163130 861627 35225 7401 27824 61005 60212 793 81267 81267 2556744 CASH HELD AS COLLATERAL-LOAN 138144 OPERATING LEASE RIGHT-OF-USE 5656 INVESTMENT IN DEFERRED ANNUITY 106176 249976 0 OPERATING LEASE LIABILITIES 5656 PAYABLES TO TIDE CENTER 0 5656 X 947290 2176 139903 142079 805211 805211 1200089 139903 139903 1060186 1060186 FORM 990 SCHEDULE D PART X LINE 2 FIN 48 The Organization is exempt from taxation under Internal Revenue Code (IRC) Section 501(c)(3) and California Revenue and Taxation Code Section 23701d and is generally not subject to income taxes. Accordingly, a provision for federal or state income taxes is not recorded in the accompanying financial statements. The Organization is classified as an organization that is not a private foundation under Section 509(a)(2) of the IRC. The Organization is subject to income taxes for unrelated business income, if any, realized in connection with business activities that are regularly carried out and not related to its primary mission or purpose. U.S.GAAP prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. 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. The Organization's income tax returns remain subject to examination generally for three and four years after they were filed for federal and state, respectively. FORM 990 SCHEDULE D PART XI & PART XII LINE 2D RENTAL EXPENSES X volunteer 7 52500 fmv false false false FORM 990 PAGE 1 PART 1 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 DESCRIBE THE PROCESS USED TO REVIEW THE FORM 990: 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 Please describe how the organization annually monitors compliance with their conflict of interest policy: THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL OFFICERS, DIRECTORS, AND EMPLOYEES (COVERED PERSONS). 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 ARE 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 REQUESTS THAT 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. IF THE BOARD IDENTIFIES ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST, WHEN AN EMPLOYEE HAS ANY QUESTIONS CONCERNING WHETHER A PROPOSED ACTION MIGHT POSE A CONFLICT OF INTEREST, THAT EMPLOYEE MUST ASK FOR REVIEW OF THE PROPOSED ACTION BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR MAY REQUIRE THAT THE REQUEST BE PUT IN WRITING, AND MAY RESPOND FORMALLY, IN ORDER TO DOCUMENT THE REVIEW PROCESS. SUCH PERSONS ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990 PART VI SECTION B LINE 15A Please describe the process for determining compensation of officers and key employees include a review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision: 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 organization makes its governing documents, financial statements and tax filings available to the public in the following manner: 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.