The Korean-American Association Of Greater Montgomery Inc in Montgomery, Alabama (AL)
Table of contents:
| The Korean-American Association Of Greater Montgomery Inc | |
| Employer Identification Number (EIN) | 300263783 |
| Name of Organization | The Korean-American Association Of Greater Montgomery Inc |
| In Care of Name | Kenny Lee Cpa |
| Address | 1737 Eastern Blvd, Montgomery, AL 36117-1609 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $48,831 |
| Amount of Income | $126,733 |
| Form 990 Revenue Amount | $126,733 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Ethnic, Immigrant Centers, Services |
Non-representatives - add comments:
Amount of income in 2013: $126,733 (it was $168,407 in 2012)
| This organization: | $126,733 |
| Other organizations performing similar types of work: | $57,157 |
Assets in 2013: $48,831 (it was $67,120 in 2012)
| The Korean-American Association Of Greater Montgomery Inc: | $48,831 |
| Other organizations performing similar types of work: | $16,796 |
Expenses in 2013: $145,022
| This organization: | $145,022 |
| Other organizations performing similar types of work: | $54,286 |
Income to expenses ratio in 2013: 0.9
| The Korean-American Association Of Greater Montgomery Inc: | 0.9 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 97.4%
| This organization: | 97.4% |
| Other organizations performing similar types of work: | 3.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $195,858 | $168,407 | $126,733 |
| Contributions, gifts, grants, and similar amounts received | $144,308 | $120,140 | $123,392 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $51,550 | $48,267 | $3,341 |
| Total expenses | $229,197 | $151,113 | $145,022 |
| Total net assets | $48,464 | $67,120 | $48,831 |
| Excess/Deficit for the year | $-33,339 | $17,294 | $-18,289 |
| Net assets or fund balances at beginning of year | $81,803 | $48,464 | $67,120 |
| Other changes in net assets or fund balances | $0 | $1,362 | $0 |
| Net assets or fund balances at end of year | $67,120 | $48,831 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $48,464 | $67,120 | $48,831 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $48,464 | $67,120 | $48,831 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $452,721 |
| Subtotal | $452,721 |
| Gifts, grants, contributions, and membership fees received | $452,721 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $452,721 |
| Public support | $452,721 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Universal Metro Asian Services Association | 7541 N Western Ave, Chicago, IL 60645-1510 | IL | 2003-07 | $29,628,339 |
| 2 | Boat People S O S Inc, Group Return | 6066 Leesburg Pike Ste 100, Falls Church, VA 22041-2220 | VA | 2003-03 | $6,304,287 |
| 3 | International Outreach Services | 94-137 Alake St, Mililani, HI 96789-2563 | HI | 2011-07 | $3,194,998 |
| 4 | Ashakiran Inc | PO BOX 1021, Huntsville, AL 35807-0021 | AL | 2006-10 | $143,066 |
| 5 | The Korean-American Association Of Greater Montgomery Inc | 1737 Eastern Blvd, Montgomery, AL 36117-1609 | AL | 2005-02 | $126,733 |
| 6 | Power Of One | 708 Danton Lane, Birmingham, AL 35210-2909 | AL | 2004-01 | $23,986 |
| 7 | Bengali Association Of Greater Birmingham | 862 Meadow Ridge Ln, Birmingham, AL 35242 | AL | 2005-06 | $12,157 |
| 8 | Rosies International Services Inc | PO BOX 21, Huntsville, AL 35804 | AL | 2005-10 | $8,240 |
| 9 | Consejo De Latinos Unidos | PO BOX 381984, Birmingham, AL 35238-1984 | AL | 2002-08 | $4,400 |
| 10 | African Resource Center | PO BOX 190423, Birmingham, AL 35219-0423 | AL | 2003-01 | $0 |
| 11 | Alabama Latin American Association | 3253 Lorna Rd, Hoover, AL 35216 | AL | 2004-06 | $0 |
| 12 | Boat People S O S Inc, Bpsos-Bayou La Batre | 13835 S Wintzell Avenue, Bayou La Batre, AL 36509 | AL | 2003-03 | $0 |
| 13 | Boat People S O S Inc, Community Development Corporation | 13835 S Wintzell Ave, Bayou Labatre, AL 36509-2401 | AL | 2003-03 | $0 |
| 14 | Centro Para La Ayuda Y El Desarrollo De La Comunidad Hispana | 2602 Artie St, Huntsville, AL 35805 | AL | 2012-10 | $0 |
| 15 | En Espanol | 341 Trace Ridge Rd, Birmingham, AL 35244-3949 | AL | 2002-06 | $0 |
| 16 | Heritage Junior Womens Club Inc | Po Box 45, Bay Minette, AL 36507 | AL | 2004-03 | $0 |
| 17 | Hogohegee Indian Community Center, Hidden Hollow Pony Rescue | 1075 County Road 67, Moulton, AL 35650 | AL | 2000-08 | $0 |
| 18 | Immigration International Inc | 37 Randy Street, Russellville, AL 35654 | AL | 2009-02 | $0 |
| 19 | Mulga Community Development Corporation | 1750 Huitt St, Birmingham, AL 35214-2423 | AL | 2009-01 | $0 |
| 20 | The Corporation Of The Cherokees Of Alabama | 125 Mercury Drive, Arab, AL 35016 | AL | 2010-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,258 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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