Korean Faith For Today in Los Angeles, California (CA)
Table of contents:
| Korean Faith For Today | |
| Employer Identification Number (EIN) | 203365949 |
| Name of Organization | Korean Faith For Today |
| In Care of Name | Sung Won Kim |
| Address | 619 S New Hampshire Ave, Los Angeles, CA 90005-1342 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/2008 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $54,582 |
| Amount of Income | $128,403 |
| Form 990 Revenue Amount | $128,403 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Television |
Non-representatives - add comments:
Amount of income in 2014: $128,403 (it was $95,412 in 2013)
| Korean Faith For Today: | $128,403 |
| Other organizations performing similar types of work: | $179,046 |
Assets in 2014: $54,582 (it was $19,369 in 2013)
| Korean Faith For Today: | $54,582 |
| Other organizations performing similar types of work: | $160,322 |
Expenses in 2013: $102,721
| Korean Faith For Today: | $102,721 |
| Other organizations performing similar types of work: | $172,462 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| Korean Faith For Today: | 100.0% |
| Other organizations performing similar types of work: | 61.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $160,779 | $71,866 | $95,412 |
| Contributions, gifts, grants, and similar amounts received | $160,779 | $71,866 | $95,412 |
| 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 | $0 | $0 | $0 |
| Total expenses | $126,511 | $91,176 | $102,721 |
| Total net assets | $45,988 | $26,678 | $19,369 |
| Excess/Deficit for the year | $34,268 | $-19,310 | $-7,309 |
| Net assets or fund balances at beginning of year | $11,720 | $45,988 | $26,678 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $26,678 | $19,369 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $47,327 | $26,678 | $19,369 |
| Total liabilities | $1,339 | $0 | $0 |
| Net assets or fund balances | $45,988 | $26,678 | $19,369 |
| 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: | A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Community Media Access Collaborative | 2420 Mariposa Street, Fresno, CA 93721 | CA | 2009-02 | $1,228,885 |
| 2 | Salaam Television Network Inc | 20992 Bake Pkwy Ste 108, Lake Forest, CA 92630-2170 | CA | 2007-07 | $634,176 |
| 3 | Santa Rosa Community Media Access Center Inc | 1075 Mendocino Ave, Santa Rosa, CA 95401-4337 | CA | 1996-08 | $626,065 |
| 4 | South Coast Community Media Access Center, The Santa Barbara Channels | 329 S Salinas St, Santa Barbara, CA 93103-2962 | CA | 2003-07 | $575,280 |
| 5 | Peninsula Television Inc, Peninsula Tv | PO BOX 1065, San Carlos, CA 94070-1065 | CA | 2012-09 | $240,055 |
| 6 | Iman Media Group Inc | 4510 Peralta Blvd Ste 26, Fremont, CA 94536-5755 | CA | 2014-09 | $182,611 |
| 7 | Nevada County Digital Media Center | 400 Providence Mine Rd Bldg N3, Nevada City, CA 95959-2953 | CA | 2011-03 | $169,980 |
| 8 | Roads Of Success | 2896 Hacienda Dr, Duarte, CA 91010-2309 | CA | 2008-08 | $137,662 |
| 9 | Los Gatos Public Media Inc | 15466 Los Gatos Blvd Ste 109-23, Los Gatos, CA 95032-2542 | CA | 2014-08 | $98,394 |
| 10 | Hopesat Tv Inc | 20409 Yorba Linda Blvd Ste 555, Yorba Linda, CA 92886-3042 | CA | 2011-11 | $92,313 |
| 11 | Central Valley Media Center Inc | 110 Santa Barbara Ave, Modesto, CA 95354 | CA | 2009-07 | $65,606 |
| 12 | Vallejo Community Access Television Inc | 601 Carolina Street, Vallejo, CA 94590 | CA | 2007-05 | $24,220 |
| 13 | Riverwalk Jazz | 300 Keokuk St, Petaluma, CA 94952-2729 | CA | 2004-10 | $6,576 |
| 14 | Oracles Of Truth | PO BOX 292721, Sacramento, CA 95829-2721 | CA | 2010-10 | $792 |
| 15 | Long Beach Community Television & Media | 1906 E Anaheim St, Long Beach, CA 90813-3908 | CA | 2014-12 | $230 |
| 16 | Grassroots Videos | 2265 Sherry Ct, Livermore, CA 94550 | CA | 2000-12 | $49 |
| 17 | Azadi Communications Incorporated | 1475 S Bascom Ave Ste 206, Campbell, CA 95008-0629 | CA | 2002-09 | $0 |
| 18 | Basics Of Life Productions | 3500 Missouri Flat Road, Placerville, CA 95667-5218 | CA | 2007-09 | $0 |
| 19 | Bay Area Alternative Entertainment | 1215 Pedro St Apt 21, San Jose, CA 95126-3828 | CA | 2001-08 | $0 |
| 20 | Bridging Heaven & Earth Foundation | 136 Sumida Gardens Ln206, Santa Barbara, CA 93111 | CA | 2000-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 502 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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